Economy

Correction: The original post incorrectly stated that former Speaker Pelosi had "extravagant use of Air Force One on the taxpayer's dime." While Pelosi did charter military aircraft for cross-country flights at taxpayer expense, Air Force One is the call sign exclusively reserved for the president of the United States. At a time when the government is facing billions of dollars in cuts to…

While Democrats and Republicans struggle to make headway in debt- and deficit-reduction talks in Washington, former President Bill Clinton pontificated in a recent issue of Newsweek about his own solutions for our sluggish economy. I don't agree with all of Clinton's "14 ways to put America back to work," but I definitely believe he's right about one of them: cutting corporate taxes. Yes, you…

President Barack Obama and congressional leaders seeking to negotiate a deal to increase the legal limit on the federal government's debt, would need to agree to increase that debt by $615.865 billion between now and Sept. 30, just to keep the government going at current spending levels, according to the CBO's latest estimate of the fiscal 2011 deficit and the Treasury Department's latest…

At a White House press conference today, President Barack Obama said that "professional politicians" understand the debt crisis better than "the public." 

Treasury Secretary Timothy Geithner was the featured guest on both CBS's "Face the Nation" and NBC's "Meet the Press" Sunday. For some reason, hosts Bob Schieffer and David Gregory didn't ask the most important question every person in the world currently following the debt ceiling is dying to know the answer to:

It is truly fascinating how liberal media members will do anything to protect the reputation of Fannie Mae and Freddie Mac. On this weekend's "McLaughlin Group," Newsweek's Eleanor Clift revised history to largely absolve the two government-sponsored enterprises for last decade's mortgage collapse while predictably blaming it on Wall Street and of course George W. Bush (video follows with…

In their Sunday evening coverage of the Minnesota government shutdown, Associated Press reporters Steve Karnowski and Amy Forliti failed to mention any form of the word "tax," failed to mention "spending" in the context of government outlays, and fretted that a prolonged shutdown might cause a "brain drain" from state government. The failure to bring up taxes is clearly the item's most…

David Gregory decided to have a very fair and balanced roundtable discussion at the conclusion of Sunday's "Meet the Press" exclusively with the perilously liberal Washington Post columnist Eugene Robinson and the equally left-leaning Chuck Todd of NBC News. With the subject being Newsweek's new cover story about former Alaska governor Sarah Palin, Todd mysteriously made the case for how slim…

As you've watched and read media reports concerning the debt ceiling, have you gotten the feeling the press have given Republicans a pass for standing strong in their pledge to not raise taxes? CNN's Howard Kurtz thinks they have, and said so quite often on Sunday's "Reliable Sources" (video follows with transcript and commentary):

Democrat strategist and ABC contributor Donna Brazile on Sunday predictably blamed the current debt ceiling impasse on Republicans and their refusal to raise taxes. This led George Will to state what would be obvious to all media members if they weren't so in the tank for Barack Obama, namely that he and his Party have been kicking the deficit can down the road so long they're guilty of "can…

Bob Woodward thinks the world doesn't hold the United States in very high regard anymore. Appearing on the syndicated "Chris Matthews Show" this weekend, the Washington Post's most recognizable journalist said, "I’m not sure the United States has been looked at as the grown-up nation for a long time...You travel around the world a little bit, and, and there’s, there’s not even tough love for…

Given the opportunity to directly relay the two sentences of House Speaker John Boehner's statement on the status of debt-ceiling and budget negotiations tonight, the Associated Press's Andrew Taylor and Jim Kuhnhenn, in their 9:29 p.m. report (saved here at my web host for future reference, fair use and discussion purposes) disgracefully cut the Speaker's statement off after its first sentence…

While Associated Press Economics writers like Christopher Rugaber and Paul Wiseman, as seen in a post this morning (at NewBusters; at BizzyBlog), talk of "baffled economists" and a job market that is "defying history," one AP writer, in discussing stocks which have done well in this economy, has revealed what employment prospects really are with quite un-baffling certainty from the point of…

Bill Maher on Friday proudly equated the Casey Anthony verdict with Republican thinking. Unfortunately for him, conservative author Ann Coulter was present, and when she got the chance to respond during the internet-only Overtime segment of HBO's "Real Time," she nicely exposed some of the host's most delicious hypocrisies (video follows with transcript and commentary):