Economy

President Harry Truman signed the Housing Act in 1949, giving unprecedented power to federal, state, and local governments to reshape entire communities through the abuse of eminent domain. One method of doing so was called urban renewal, which permitted governments to destroy communities they deemed as slums, destroying approximately 2000 communities through the 1950s and '60s, and forcing 300…

Unemployment became the top concern of Americans in September, according to Gallup. The Sept. 8-11 poll found that unemployment overtook "the economy" as "the most important problem facing this country today." It makes sense since the month began with a "dismal" unemployment report showing zero job growth last month and the unemployment rate stubbornly stuck at 9.1 percent.

European-based New York Times reporter Nicholas Kulish filed a big-think off-lead Wednesday from Madrid, “As Scorn for Vote Grows, Protests Surge Around Globe,” and became the latest Times reporter to suggest that the rioters who burned and looted shops in London for shoes and smart phones were actually impoverished outcasts engaged in political protest. Hundreds of thousands of disillusioned…

There are times when I am truly sickened by what I see from the current breed of television anchors and hosts. Today is one of them. Martin Bashir on the MSNBC program bearing his name finished Wedneday's show with a segment attacking New Jersey governor Chris Christie concluding, "Go home, Mr. Christie. Your state needs you much more than America does" (video follows with transcript and…

New York Times White House correspondent Mark Landler followed President Obama out West on what certainly felt like a partisan campaign tour. Landler acknowledged Obama’s partisanship and “acidic words” for the G.O.P., but also protected the president’s right flank by characterizing his appeals for higher taxes and his class rhetoric as “populist,” not liberal, and by failing to correct the…

Apparently there's no audio or video of North Carolina Governor Beverly Perdue's Tuesday humdinger, namely that "I think we ought to suspend, perhaps, elections for Congress for two years and just tell them we won't hold it against them, whatever decisions they make, to just let them help this country recover." -- yet. If none surfaces, that will be too bad, because the guess here is that the…

What if I told you that the government put out a report today which would lead one to infer that the economy might barely have grown last year, and that it even may have contracted -- and that the reporter who appears to have been the only one who covered it didn't grasp its potential significance (or, conceivably, chose to ignore it)? Today the Department of Labor's Bureau of Labor…

Michael Moore didn't believe his work benefitted from capitalism – but then explained exactly how capitalism spurred his success. In an interview with CNN's Piers Morgan on Monday, the liberal filmmaker questioned the notion that his work benefits from capitalism. "In a way that is capitalism. I mean you've got a business," Morgan told him. "Is it really?" Moore answered. He then…

The Conference Board's September Consumer Confidence Survey came out this morning. Overall, it rose very slightly from a miserable 45.2 to a still-miserable 45.4. Consumers' assessment of near-term prospects slid from 34.3 to in August to 32.5, while their longer-term outlook improved from 52.4 to 54.0. At the Associated Press (saved here for future reference, fair use and discussion purposes…

There isn't much about dysfunctional government that shocks me anymore, but this story did. According to a report by the Office of Personnel Management and reported in Ed O'Keefe's "The Federal Eye" column in the Washington Post, our government has been sending checks to dead people. "In the last five years," O'Keefe writes, "the Office of Personnel Management has made more than $601 million…

Are we witnessing a crack-up within the key demographic President Obama must count on to have any hope of re-election?  Al Sharpton has come out firing at Maxine Waters and other black Dems for their criticism of President Obama's perceived indifference to black unemployment. Last month, long-time congresswoman Waters told the audience at a Congressional Black Caucus event that she and other…

CNN's Jessica Yellin, reporting on President Obama's virtual townhall Monday afternoon, noted two wealthy persons who wish to pay higher taxes – but didn't mention the small businessman who during the townhall complained to the President about regulations and taxes. Yellin focused her brief report on a member of the audience who claimed to be a wealthy retiree and asked for higher taxes. CNN…

Both CBS's "Early Show" and CNN's "Newsroom" sought out Rep. Maxine Waters on Monday for her reaction to President Obama's "stop complaining" rejoinder to the Congressional Black Caucus on Saturday, but neither outlet mentioned the continuing ethics investigation into the ultra-liberal Democrat. CNN anchor Suzanne Malveaux even went so far to flatter Rep. Waters as having her "marching shoes"…

"Greece has got a 45 percent income tax, a 23 percent value-added tax on top of that, so Greece should be in fine shape according to this economic theory," NewsBusters publisher Brent Bozell told Fox News's Sean Hannity on Friday, reacting to a clip of CNN's Christine Romans insisting that "serious economists" all agree that taxes must be raised on America's highest income earners. "This is a…