Economy

The easy catch in former Obama administration economic adviser Austan Goolsbee's Thursday interview on MSNBC's "Morning Joe," as reported by the Politico's Tim Mak, is that he believes that "if given a second chance he would not have backed the Cash for Clunkers program or the home buyer tax credit." Goolsbee's excuse for his changed position -- that the administration didn't think the recovery…

In June, when yours truly last blogged on a Glenn Kessler piece (at NewsBusters; at BizzyBlog), the Washington Post's "Fact Checker" was calling Barack Obama's claims about the accomplishments of the auto-company bailouts "one of the most misleading collections of assertions we have seen in a short presidential speech." He gave Obama's claims three Pinocchios ("Significant factual error and/or…

The Occupy Wall Street protests marked off a full month of occupation Oct. 17, and the network news media continue to gloss over protesters calls for "revolution" as well as the socialistic mentality espoused by many of the protesters. One protest speaker was videotaped saying, "Long live the revolution! Long live socialism!" Others in Chicago and Philadelphia marched with Communist flags.…

The rising cost of college has put a damper on many students' educational plans, but in an effort to continue attracting students, many schools have begun turning their campuses into miniature resorts. From upscale dining facilities to rock climbing walls, it turns out that some of the costs of college have nothing to do with learning, and much of the bill is still left for the taxpayers to…

An exasperated Barbara Walters on Wednesday aggressively objected to token conservative Elisabeth Hasselbeck highlighting the high unemployment under Barack Obama. In a condescending tone, Walters insisted, "Well, darling, he inherited a very bad situation." Walters' annoyed comments came after this remark by Hasselbeck: "11.7 percent of veterans out of work, no jobs. Right now, we have the…

CBS's Early Show on Thursday stood out as the only Big Three network program that covered what anchor Jeff Glor labeled as Vice President Biden's "controversial comments linking rape and the jobs bill," where he attacked the GOP for opposing the legislation. ABC and NBC's morning shows on Thursday didn't air anything on the story, and none of the networks' evening news shows on Wednesday…

Multimillionaire Occupy Wall Street supporter Russell Simmons made the media circuit in recent weeks bragging about how he wants the government to raise his taxes. Yet on MSNBC's PoliticsNation Wednesday, the hip-hop mogul told Al Sharpton, "I don’t pay taxes...I won’t give my money to war machine and to other things" (video follows with transcript and commentary):

Readers participating in the real world will be quite surprised to learn that, according to Senate Majority Leader Harry Reid, "It's very clear that private-sector jobs have been doing just fine." At The Hill's Floor Action blog, reporter Pete Kasperowicz, writing as if the world began in early 2010, supported Reid's contention: "Private-sector jobs have increased over the last 19 months,…

Concerning President Obama, his obviously most important quote of the past 48 hours is his statement to ABC's Jake Tapper (transcript here) that concerning the economy, "I believe all the choices we've made have been the right ones ..." Clearly, such a remark, if widely known, would be problematic for the President among quite a number of unemployed and underemployed Americans. In the New…

CBS's Early Show on Wednesday somehow couldn't find time for any Republicans to comment on the most recent GOP presidential debate, and instead, brought on David Axelrod, the chief strategist for President Obama's reelection campaign, to bash the GOP. Anchors Erica Hill and Jeff Glor gave Axelrod the kid glove treatment, instead of pressing him about the issues that may negatively affect the…

The headline and opening sentence in Derek Kravitz's Associated Press report this morning on the Census Bureau's homebulding industry data release gives readers the impression that industry activity increased impressively during September. It increased a tiny bit, but certainly not by the percentage indicated. The headline ignorantly assumes that a double-digit increase in housing starts is…

On Tuesday's Early Show, CBS's Bigad Shaban, seemingly grasping for straws for any reason to report on "Occupy Wall Street," played up the music performances from protesters down in lower Manhattan. Shaban emphasized how "music has helped spur movements," and gushed that "some believe if history is any indication, they could provide harmony to a movement." The correspondent highlighted that…

If you listen to Occupy Wall Street-loving media members, you'd think income inequality in America is worse than anywhere else in the world. Quite the contrary, a chart from World Bank economist Branko Milanovic's book "The Haves and the Have-Nots” paints an entirely different picture:

New York Magazine, no right-wing rag by any stretch, recently asked 50 Occupy Wall Street protesters some basic questions about U.S. fiscal policy. While the survey is not scientific, the rank-and-file protesters in Zuccotti Park seem to be woefully ignorant on such basic questions as what the SEC stands for (Securities and Exchange Commission), what the top marginal income tax is (35 percent…