Economy

My father was a product of the Great Depression and World War II. Like so many others of his generation, he, like his parents before him, knew how to "do without." When he told us, "we can't afford it," that did not mean our family was deprived of material things we deserved, instead it marked a boundary not to be crossed because on the other side, waiting to greet us, were the twin demons of…

Obama advisers, Democrat senators, and terminally stupid ideologues that have been for almost two days blaming Standard and Poor's downgrade of America's debt on the Tea Party have all been ignoring a very inconvenient truth. According to MSNBC's Lawrence O'Donnell, "Last week's vote for a debt ceiling increase was the most bipartisan vote to increase the debt ceiling we have seen in a very,…

For over 24 hours, Obama advisers, Democrat senators, and terminally stupid ideologues in the media have been blaming Standard and Poor's downgrade of America's debt on the Tea Party. On Monday, one of the only sane voices in the mainstream media stood up and said, "If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB" (video follows…

To Michael Tomasky, Barack Obama's problem is not lack of leadership or a rigid fixation to liberal ideology. No, it's just that the president is too darn decent a guy, a veritable Mr. Smith who's gone to Washington, but perhaps in this case without the Capraesque happy ending:

A clearly worried Chris Matthews on Monday fretted that a 'coy' Barack Obama is being "too cute by half" in his handling of the economy. Matthews lamented the fact that in his press conference, the President didn't exclaim, "Tax the freakin' rich!" Talking to former Pennsylvania Governor Ed Rendell, Matthews proclaimed what Obama should have said. After agreeing to "some" cuts, the Hardball…

Dylan Ratigan joined Andrea Mitchell Monday on the list of MSNBC anchors who appear to be losing faith in President Barack Obama's leadership. Discussing the type of president required to lead the country in times of crisis, Ratigan remarked, "Wouldn't anybody who wrote a memoir before the age of 50 be rather screwed up anyway?" [Video follows page break]

This was going to be a column insisting that Sen. Marco Rubio of Florida run for president of the United States. Now. Even though he has ruled out the possibility; even though he is but a baby senator. (Neither of these considerations has invariably stopped people in the past.) But no: That's not this column. Not because I don't think it might be an excellent idea, but because I take a man at…

The credit downgrade must be having truly deleterious effects on New York-based reporters. At least one is hyping the merits of "freeganism," which is just a politically correct euphemism for dumpster diving. "Amid S&P downgrades and widespread panic about financial markets, an anti-consumerism movement quietly marches on: Freeganism," ABCNews.com's Reshma Kirpalani argued in an August 8…

On Monday's Early Show, CBS's Norah O'Donnell promoted the left-of-center talking point that Standard & Poor's recent lowering of the U.S.'s credit rating is a "Tea Party downgrade." O'Donnell played three sound bites of notable liberals using this line of attack, versus only one opposing from a center-right politician. She also spun Treasury Geithner's decision to stay as "good news for…

John Kerry is on a crusade to destroy the Tea Party. To blame the Tea Party for the S&P downgrade is like blaming the Betty Ford Clinic for alcoholism. The entire existence of the Tea Party movement has been based on an attempt to stop the runaway spending of Washington – by the likes of John Kerry. Any media outlet that features his outrageous blame game remarks without challenging his…

"Black lawmakers are embarking on a month-long campaign Monday to address the staggering unemployment rate among African Americans, an issue that has become a growing source of tension between members of the Congressional Black Caucus and the Obama administration," Washington Post's Ylan Q. Mui noted in the open of her August 8 page A3 story, "Black caucus launches minority jobs campaign."…

As NewsBusters reported Sunday, Senator John Kerry (D-Mass.) set off a liberal firestorm when he called Standard and Poor's U.S. credit rating change the "Tea Party Downgrade." On Monday's "Morning Joe," host Joe Scarborough told "terminally stupid ideologues" that "really don't understand" anything because they're "so dogmatic [they] can't think for [themselves]" to "stop using the Tea Party…

In recent years, America has become increasingly socialized through a welfare state with entitlements seen as rights, mostly paid for by the rich through the redistribution of wealth. Such a state is seemingly the goal of President Obama and fellow liberal Democrats, who relish in the ideas of a more European-style centralized government. Last week, many labeled the debt negotiations in…

If you've been watching the news media react to the debt ceiling deal you might thing some drastic spending cuts were signed into law. After all, ABC made it sound like Congress took a "machete" to the budget and NBC's "Today" wondered if those spending cuts could harm the economy. What has been completely missing from much of the network reporting was an admission that the deal "doesn't cut…