Economy

The U.S. unemployment rate in September was 9.1%, a terrible statistic and a symptom of a profoundly damaged economy. Anticipating Friday's jobs report, CNBC Squawk Box co-host and New York Times reporter Andrew Ross Sorkin wondered whether the bad economic news had already reached a point where it would be "almost impossible" for President Obama to be re-elected. "Remember when people used…

Appearing on Friday's NBC Today, Meet the Press host David Gregory discussed the political impact of the Wall Street protests and wondered: "How does the President try to harness this anger, this sense of unfairness about the economy, about income inequality in this country, about the middle class stagnating for the past 30 years? That's what the President wants to try to tap into here."…

The media said there was "good" but "not great" news on the unemployment front in September with 103,000 jobs added, according to the Bureau of Labor Statistics. The unemployment rate remained 9.1 percent. But even with that growth, Obama's jobs promises have fallen far short. His economic policies were supposed to create 4 million jobs by the end of 2010. Now, ten months later the economy…

In a report filed at the Los Angeles Times's Politics Now blog earlier today, Washington Bureau reporter James Oliphant relayed a number of whoppers delivered by Vice President Joe Biden without anything resembling a challenge. In Part 1, I noted how Biden, who in August described Tea Party sympathizers as "terrorists" and in September as "barbarians," today spoke in complimentary terms of how…

In a report filed at the Los Angeles Times's Politics Now blog earlier today, Washington Bureau reporter James Oliphant relayed a number of whoppers delivered by Vice President Joe Biden without anything resembling a challenge. In Part 1, I noted how Biden, who in August described Tea Party sympathizers as "terrorists" and in September as "barbarians," today spoke in complimentary terms of how…

In a report filed at the Los Angeles Times's Politics Now blog earlier today, Washington Bureau reporter James Oliphant relayed a number of whoppers delivered by Vice President Joe Biden without anything resembling a challenge. Breaking Biden's bilge into three sections, they involve his claim about the historical origins of the Tea Party, which Biden characterized as a collection of "…

CNN's financial guru Ali Velshi admitted that the press didn't really challenge President Obama's proposal for tax hikes after his Thursday press conference on his jobs bill. Velshi, perhaps going soft himself, noted during the 12 p.m. hour that Obama's speech "seemed like a bit of an economics lesson" how the President attacked Republicans and their demands on the count that they don't create…

CBS's Erica Hill let DNC Chair Rep. Debbie Wasserman Schultz bash congressional Republicans unopposed on Thursday's Early Show. Hill also failed to ask the Florida Democrat about her eye-opening claim on Wednesday that "anyone" can see that the economy is improving "and now, we've begun to turn the corner." The anchor brought on Wasserman Schultz, the morning show's only political guest, for…

Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security's problems is not the same as calling for the abandonment of its recipients. Instead, it's a call to take actions now, while there's time to avert a disaster. Let's look at it. The term was derived from the scheme…

The network newscasts on Wednesday downplayed Democratic obstruction of Barack Obama's jobs bill, offering only minor coverage. Good Morning America and Early Show allowed brief mentions. In an otherwise unrelated segment, GMA's Jon Karl admitted that the President "has a problem with [congressional] Democrats." Karl added, "Senate Majority Leader Harry Reid said yesterday, he does not plan…

A number of Democratic members of Congress came out Wednesday throwing their support behind the protest known as Occupy Wall Street. Fox News's Neil Cavuto interviewed one of them on Your World marvelously asking Rep. Dennis Kucinich (D-Oh.), "So why didn’t you celebrate when Tea Partiers were running around the country and protesting all the spending and protesting the budget and the debt…

Touting Sesame Street's newest muppet character, a young girl living in poverty, MSNBC host Martin Bashir on Wednesday slammed Republican efforts to curb spending and urged: "...perhaps they do well to change the channel just for a moment from Fox News to PBS.... on Sesame Street they will see the sad face of a hungry doll whose family doesn't have enough money to buy food." [Audio available…

At the top of the 8 a.m. ET hour of Wednesday's NBC "Today," fill-in news anchor Tamron Hall proclaimed: "Today could be the biggest day yet for the 'Occupy Wall Street' protests in lower Manhattan." Correspondent Mara Schiavocampo followed by gushing: "Three weeks in, and no signs of slowing. The 'Occupy Wall Street' protest growing in size and scope." Schiavocampo touted how the "coalition…

Bulletin from the Bureau of Pot-Meet-Kettle: Howard Dean has declared that Tea Party Americans "are not playing with a full deck."  This not merely from the man who made The Scream famous, but who in the very same segment today had a manic tongue-sticking-out moment [see screen grab] that might have scared pets and small children.   Dean also managed to get into a spirited fight with Michael…