Economy

Looking for updates on the Connecticut state budget mess earlier this afternoon, I searched the Associated Press's national site on the last name of Democratic Nutmeg State Governor Dannel Malloy, and found nothing recent (graphic saved here for future reference). But there were two stories originating from the state which the wire service, the nation's de facto news gatekeeper, deemed worthy…

A senior political adviser to the Obama administration said on July 6 that in 2012, people won't be voting based on the unemployment rate, according to The Hill newspaper. Of course, adviser David Plouffe said that two days before the June jobs report was released. Ahead of the jobs report, economists anticipated 100,000 or 125,000 jobs to have been added that month. Truth be told, on July 8…

Eugene Robinson's column in Thursday's Washington Post should have been placed in that paper's funnies section rather than the opinion page. His solution to our nation's deficit would be laughable if it wasn't so gosh darned scary:

The New York Times on Friday once again proved itself to have absolutely no clue how budgets work. In its editorial "Negotiating the Debt Ceiling on a Knife's Edge," the Times - like so many other math-challenged "news" organizations in America today - blamed the current debt ceiling woes on the Bush tax cuts and Republican refusal to raise revenues:

I had to do a double take when I looked over this afternoon's dispatch out of St. Paul, Minnesota from Patrick Condon of the Associated Press. Readers unfamiliar with the Gopher State budget impasse to this point would fail to learn from the AP report that the dispute is all about raising taxes. Democratic Governor Mark Dayton wants tax increases on "the wealthy" (which really means high…

Wednesday afternoon, BigJournalism.com editor-in-chief Dana Loesch reported that Arizona Senator John Kyl had been on the receiving end of what I would call "mis-tweetment" at the hands of someone irresponsibly chirping away at Reuters. The Reuters tweet stated that "Republicans have agreed to $150 billion to $200 billion in increased tax revenues as part of budget talks," and claimed Senator…

NBC's David Gregory challenged House Majority Leader Eric Cantor on Thursday's Today show, insinuating that Republican efforts to include tax cuts along with closing tax loopholes is not an effective compromise if Democrats are willing to cut entitlement spending. Gregory seemed to frame the debate around whether Republicans would make the "tough" choice of not cutting taxes, since Democrats…

Reuters on Thursday issued what it called an "exclusive" report about the Treasury department "secretly" weighing options to avert a default if the debt ceiling isn't raised by August 2nd. In the piece, the authors shared with readers the amount of tax revenue Treasury projects it will collect in August as well as projected Social Security payments, but conspicuously ignored what the…

CBS's Bob Schieffer took on the role of a left-wing activist on Sunday's Face the Nation, as he pressed all four of his guests from both parties about cuts in state and local spending. Schieffer bewailed how both Republican Governors John Kasich and Scott Walker "cut deeply into education" and asked Democratic Mayor Antonio Villaraigosa if he felt good about making "draconian cuts" [audio clips…

American Morning co-host Christine Romans used David Brooks' words to press Sen. Jim DeMint (R-S.C.) Wednesday on the stubbornness of conservative Republicans in the debt ceiling debate. Brooks, the faux "conservative" writer for the New York Times, wrote a scathing column Monday hitting Republicans for their refusal to accept Democrat "compromises" in the debt ceiling debate. Romans twice…

Senate Majority Whip Dick Durbin praised Rep. Paul Ryan’s (R-Wis.) willingness to work on entitlement reform while on the Senate floor Wednesday stating, “I don’t disagree with Paul Ryan saying we have got to look honestly at Medicare.”

Friday afternoon, the White House quietly released its annual report to Congress on White House staff salaries. Among the employees is the infamous director of progressive media and online response, Jesse Lee, who is paid $72,500 a year to provide White House sanctioned responses to any negative press it receives. The position, which was previously part of the privately-funded DNC's rapid…

In another effort to engage the online community once bubbling with support for President Barack Obama, Obama will participate in a Twitter town hall today at 2 pm EDT to answer questions on jobs and the economy posed by Twitter users with the hashtag #askobama. The questions Obama answers will be handpicked by Twitter staffers and pre-selected Twitter users, who will be tracking the…

On Friday, at its Political Hotsheet, Corbett B. Daly at CBS News, who joined the network in late May after leaving Reuters, appeared to virtually celebrate what he believes was the latest of Mitt Romney's flip-flops. Though it's clear that Mr. Romney has flip-flopped in the past on a number of matters, it's hard to see how Daly or any of the other flip-flop scorekeepers has a case -- at…