Economy

Two out of three CBS local affiliate political reporters featured on Thursday's Early Show bluntly stated that President Obama faces "major uphill battle" in recapturing key states for the 2012 election. Anchor Chris Wragge noted the "all-time low" approval rating for the President, while an Ohio journalist highlighted how a Democratic strategist thought Obama was "feeling more Carter than…

New York Times White House reporter Jackie Calmes and Binyamin Appelbaum reported Wednesday on Obama’s latest big-spending “stimulus” proposal, “Bigger Economic Role for Washington,” enthused that the chance of some of it coming law “could have a substantial effect on economic growth and unemployment....could add 100,000 to 150,000 jobs a month over the next year, according to estimates from…

Darlene Superville's Associated Press report earlier this evening on President Obama's visit to North Carolina ("Obama touts jobs bill benefits for small business") had an interesting final paragraph. Concerning Obama's openness to compromise on his "jobs plan" (otherwise known as "spend now, pay for with taxes later"), she wrote: "President Obama has made clear he'd sign a portion of the…

On the September 14 edition of MSNBC's "Hardball," host Chris Matthews admitted to socialist Sen. Bernie Sanders (I-Vt.) that it "sounds Marxist" but he truly believes that automation in the economy has killed jobs by replacing human clerks in CVS and camera operators at MSNBC with "robots" [video follows page break; click here for MP3 audio]:

Last night at 11:31 p.m., as shown here at the Columbus Dispatch, the Associated Press's Beth Fouhy was treating the special congressional electoral contest in NY-09 as if Democrat David Weprin would likely fend off the challenge from Republican Bob Turner. The 11:31 p.m. time stamp appears to be accurate, since only about a half-hour earlier, at 10:56 p.m., Fouhy put up a brief item at an AP…

On Monday, the Tarrance Group released a poll showing that 74 percent of American voters believe "that businesses and consumers are over-regulated." What's more, "another two thirds (67%) believe that regulations have increased over the past few years. These percentages include majorities of all partisan affiliations, with 91% of Republicans, 75% of Independents and 58% of Democrats saying…

Deroy Murdock has an excellent column at National Review Online holding up the Reagan economic record vs. Barack Obama's. It's an excellent read. An excerpt follows the page break. Leave us your thoughts in the comments section:

Appearing on Tuesday's The Ed Show, MSNBC political analyst Jonathan Alter urged both liberals - euphemistically calling them "progressives" - and non-liberals to support President Obama's economic plan and advised Obama to "fight, fight, fight," and argue that Republican opposition would mean they are "standing in the way of you getting a job." After host Ed Schultz asked Alter about the GOP…

The August Monthly Treasury Statement released by the government today reveals that Uncle Sam ran a $134.2 billion deficit in August. That figure was $44.7 billion, or 48%, higher than the $90.5 billion deficit seen in August 2010. The year-over-year deficit increase occurred because outlays increased by 19% to over $303 billion, while receipts went up by 3% to $169 billion. Gee, that wasn't…

It is very disheartening to see Republican presidential primary candidates racing to out-demagogue one another in denouncing Texas Gov. Rick Perry's accurate description of Social Security as a Ponzi scheme. It used to be that Republicans at least waited until the general election campaign to pander to liberals. I admire Perry both for telling it like it is and for having the guts to stand by…

CNN's business guru Ali Velshi argued that the stimulus did not fail, in a testy exchange Monday with CNN contributor Dana Loesch that followed President Obama's jobs plan speech. "It failed!" exclaimed Loesch when Velshi mentioned the stimulus, to which he excitedly replied that it did not fail. That set off a back-and-forth between the two pundits, where Velshi argued that unemployment…

CBS's Early Show on Monday devoted two segments and a news brief to the Obama "jobs bill," but in none of the three stories did they allow a single Republican to speak. Correspondent Bill Plante filed a report that was almost all Obama soundbites -- and to make the sound of a sales job complete, it even included a clip of a TV ad from the Democratic National Committee to help push the $447…

It certainly wasn't a Paul Krugman moment, but is the tenth anniversary of the biggest attack on our mainland a good time to say, "Fifty years from now, we might even look at 9/11 as simply the beginning of the decline of America?" That's what Fareed Zakaria said Sunday on the CNN program bearing his name (video follows with transcript and commentary):

A day after the New York Times published an editorial praising President Obama for his "ambitious," "robust," and "far-reaching" jobs address the previous evening, the Gray Lady printed a front page story with the shocking headline, "Employers Say Jobs Plan Won’t Lead to Hiring Spur." The first few paragraphs were just as surprising: