Economy

Lawrence O'Donnell on Tuesday accused Congresswoman Michele Bachmann (R-Minn.) of being a socialist. "The Last Word" host, who has admitted on national television to himself being a socialist, did so by cherry-picking from an article published at the perilously liberal website "The Huffington Post" (video follows with commentary and full transcript at end of post):

The sub-prime mortgage bust has been the topic of much discussion in the media since late 2008. Unfortunately, given the left-leaning composition of most of America's elite newsrooms, very little of that discussion has focused on the federal government-backed mortgage bundlers Freddie Mac and Fannie Mae.

The MacIver Institute, a Wisconsin-based free-market think tank, has released a new video exploring the essential philosophy that underlies many liberal economic policies of late:the belief that the government, not the individual has the foremost right to the nation's wealth. Check out their new video with commentary by Rep. Paul Ryan after the break, and let us know your thoughts in the…

In the run-up to the passage of Obamacare in March 2010, Nancy Pelosi infamously told a friendly audience: "We have to pass the bill so that you can find out what is in it." Fifteen months later, we still haven't learned everything about a bill which no honest congressperson or senator can claim to have read and fully understood. Today's "discovery" is that some couples in their early 60s…

New York Times economics reporter Catherine Rampell’s front-page story Saturday on Arizona imposing limits on federal unemployment benefits it provides, “For  Want of a Word, Arizona’s Jobless Lose Checks,” is the latest Times story to fiercely defend unimpeded spending on unemployment benefits. Previously this year, Times reporters had questioned  “deepest and most far-reaching” cuts in…

New York Times reporter Jeff Zeleny followed Republican presidential candidate Mitt Romney to Tampa and filed “Democrats Scowl at Romney Joke” for Friday's edition, treating as a weighty matter a harmless joke by the candidate to a group of unemployed people as one of a series of “occasionally awkward...off-the-cuff remarks.” Yet the Times has remained silent as President Obama has reeled off a…

CNN's Fareed Zakaria regurgitated his conservative-bashing Time magazine piece on his Sunday show Fareed Zakaria GPS. He opened up his program with the same barrage against conservatives that he launched in Time on Thursday, namely that today's conservatism is woefully divorced from reality like the Marxists of the 19th century. Zakaria writes that "conservatives now resemble the old…

I am so sick and tired of people defending Barack Obama and the disastrous policies of the two years the Democrats had control of both houses of Congress. If anybody ever had a reverse Midas touch, it is this president. Everything he touches turns to debt. I sincerely want anybody who wants to defend Obama to respond to this column, but I don't want to have even one response that mentions…

On NBC's Sunday Meet the Press, host David Gregory took on an alarmist tone as he worried that any significant attempts to address the nation's enormous debt could lead to violence: "Look at the images that came out of Greece this week as you've got...big cuts in public spending. And this is the result, rioting in the streets....Could we have that kind of reaction here?" Gregory posed that…

Update, June 20, 12:30 p.m.: Revised to reflect another AP math error not caught the first time around. Update 2, June 20, 3:20 p.m.: The AP has issued a correction indicating that lost sales taxes are $23 billion and teachers' salaries which could be paid are 460,000. The contradiction explained below about California's claim that it is failing to collect only $200 million (less than 1% of…

Gosh, I would have thought that someone in Wisconsin's or America's labor movement would have caught Scott Bauer's clear June 15 understatement of the net pay hit many unionized public sector workers in the Badger State will be taking as a result of 2011 Wisconsin Act 10, commonly known as the "Budget Repair Bill," once the law's provisions become effective on July 1. That error is in the…

Newsweek's Evan Thomas on Friday tried to float the typical media meme that neither Party is doing anything to solve our nation's budget crisis. Unfortunately for him, fellow "Inside Washington" panelist Charles Krauthammer accurately noted that the Republicans have offered a proposal to cut $6.6 trillion in the next ten years, "but the Democrats have done nothing except to demagogue the plan…

It seems these days Bill Maher puts his foot in his mouth virtually every time he's in front of a camera. On Friday's "Real Time," the holier than thou host actually said liberals never talk about nationalizing the oil industry minutes before calling former Alaska governor Sarah Palin and Congresswoman Michele Bachmann (R-Minn.) a couple of "crazy" "know nothings" "who both get their…

Syndicated columnist Mark Shields said Friday that today's low income tax rates are "fundamentally un-American." Such happened on PBS's "Inside Washington" (video follows with transcript and commentary):