Economy

As NewsBusters reported, America's media last week gushed and fawned over billionaire Warren Buffett's call for higher taxes on the rich. On Monday, Harvey Golub, the former CEO of American Express, responded to the Oracle of Omaha in a Wall Street Journal op-ed that reveals a side of this tax story media refuse to share with the American people:

Even more appalling than the mindless screed "The Kids Are Not All Right" itself is the fact that the New York Times chose to feature it on its Op-Ed page today.  Author Joel Bakan's simplistic, socialistic message: today's children are under assault from capitalism, or as  Bakan frames it, "for-profit corporations." In Bakan's view, the ills afflicting today's kids--from fascination with…

ABC Highlights Complaints That 'There is Little Heart' in Rick Perry's Texas On Saturday's World News on ABC, correspondent Jim Avila filed a report in which he focused mostly on aspects of Texas's economy that receive praise, but he ended up warning that things may not really be as good as they seem, as the ABC correspondent highlighted claims that, "deep in the heart of Rick Perry's Texas…

President Barack Obama continues to benefit from a fawning media of which past Presidents could only dream, yet on Sunday’s This Week two journalists fretted he’s not getting enough credit for his accomplishments, a lack of recognition they blamed on his staff’s poor public relations efforts. Since he’s taken office, FBN’s Liz Claman asserted, “almost every sector in the S&P is up double…

Congresswoman Michele Bachmann (R-Minn.) caused quite a stir last week when she said if elected president she would bring back $2/gallon gasoline prices. On CNN's "Reliable Sources" Sunday, New York Times columnist Tom Friedman - without supplying any economic data to support his claim - called Bachmann's pledge "flat out nuts" (video follows with transcript and commentary):

Economist Ben Stein had some harsh words for Republican presidential candidate Rick Perry on "CBS Sunday Morning." Responding to comments the Texas governor made earlier in the week concerning Federal Reserve Chairman Ben Bernanke, Stein said, "I hope he'll get some moderation in his speech, and some lessons in economics, and soon" (video follows with transcript and commentary):

On August 15, the Boston Herald, the Boston Globe, and the Associated Press all reported that Massachusetts-based Evergreen Solar had filed for Chapter 11 bankruptcy. Oddly enough (no, not really), The New York Times, which published a 1,600-word report in January (HT to an NB emailer) on the company's competitive difficulties, did not take note of Evergreen's filing. Each of the three…

As government spending supporters in the media press for a new, bolder stimulus plan to get the economy going, they love to refer to the Depression Era Hoover Dam as a shining moment in Keynesian economics. When this surfaced on ABC's "This Week" Sunday, George Will marvelously noted, "You couldn't build the Hoover Dam today because they'd discover a snail darter in the Colorado River and…

As NewsBusters has been reporting, the Obama-loving media have largely been gushing and fawning over the current White House resident taking a vacation on Martha's Vineyard as the economy appears to be heading into a double-dip recession. Giving an interesting insight into the President's decision to not call Congress back from its summer break to tackle the problems facing the nation was New…

Sometimes I wonder how liberal media members could possibly live in the same country as I do and hold such startlingly absurd ideas about it. Take for example Fareed Zakaria who on the CNN program bearing his name this Sunday is going to tell viewers that America would likely still have a AAA credit rating if we had a parliamentary system of government with a prime minister rather than a…

Appearing on Thursday's O'Reilly Factor on Fox News, Democratic Congressman Charles Rangel slammed fill-in host Laura Ingraham: "Let me say this. That Bill O'Reilly told me he had a secret weapon, I didn't know it was just a pretty girl that he would bring in." Ingraham responded: "That's very condescending, sir. A pretty girl. These are serious questions." [Audio available here] Ingraham…

Establishment press reporters will insist from now until the cows come home that they play it straight. Their actions all too often belie their claims. One such face-hitting example came yesterday in Associated Press reporter Chris Rugaber's coverage of the government's Regional and State Employment and Unemployment report. If it weren't already given away in this post's title, veteran media…

Stock markets around the world are once again imploding in fear of a global double-dip recession. Appearing on PBS's "Inside Washington" Friday, NPR's Nina Totenberg said Barack Obama can cure what ails us with "a lot of very populist rhetoric" (video follows with transcript and commentary):

Unemployment is at 9.1 percent, housing and stock prices are plummeting, national debt is exploding, and Medicare is going bankrupt. Yet MSNBC anchor Chris Matthews' greatest fear is a president that doesn't believe in evolution or climate change (video follows with transcript and commentary):