Economy

Paul Krugman, economist turned left-wing folk hero. New York magazine’s Benjamin Wallace-Wells talked with the once respected-economist turned hack New York Times columnist about “What’s Left of the Left,” a title which at least positions Krugman accurately as a left-wing opinion leader who draws cool economics graphs that prove the perfidy of Republican policy (whether or not he once agreed…

One more sign the Age of Civility is over: an MSNBC host urging Dems to be more "vicious" toward Republicans. Oh, and to engage in more "name-calling." Apparently writing off any career ambitions of succeeding to the Miss Manners slot, Cenk Uygur issued his recommendations last night in the course of disagreeing with a Dem congressman who was insufficiently coarse for Cenk's taste. View…

Martin Bashir has dared go where even most congressional Dems won't: praising Britain's National Health Service and by implication the socialization of medicine it represents. On today's Morning Joe, Bashir said the National Health Service is "a wonderful idea."   For good measure, the British-born Bashir, who hosts a regular afternoon slot in the MSNBC line-up, also vastly overstated the…

It's always a bit of risk saying that a bunch of supposedly smart folks are wrong, but the economists Jeannine Aversa at the Associated Press consulted for a Tuesday afternoon report on the economic outlook must be taking a double dose of sunshine pills every day. If we are to believe these folks, the only thing that can stop the economy now is oil -- not the $112 a barrel accompanied by $4…

The New York Times announced its first quarter 2010 results on Thursday. As is the case with most companies when they would rather not talk about the bottom line, the Times instead concentrated on its "operating profit." A detailed look at the release reveals a group of contracting, money-losing journalistic endeavors propped up by an also-shrinking Internet enterprise. Here are the first…

ABC's Jon Karl on Monday railed against the "obscene" profits of the oil companies and demanded to know what House Speaker John Boehner plans to do about it.  World News anchor Diane Sawyer alerted viewers that "the five behemoths of the oil industry" are announcing record profits this week. Using a highly judgmental word, Karl complained to Boehner, "Is there something obscene about gas…

WMAL radio host -- and friend of NewsBusters -- Chris Plante gave a shout-out on his program this morning to our parent company the Media Research Center and our publisher, Brent Bozell. The topic: the media's bias and double standards on gas price reporting.

The governing class in Washington has no excuse for not having addressed our spending issues and formulating a comprehensive federal debt retirement plan before we approached another debt ceiling threshold. At every possible opportunity, politicians convince themselves that it's always better to kick the can down the road — Democrats because they aren't remotely serious about debt reduction,…

Imagine if a Tea Party backer by some miracle got to teach on a college campus, and began describing ways to, oh, I don't know, keep opposing politicians from conducting business, hack into their computers and destroy data, and make their staffs feel threatened. How long would that class last, and how long would it be before it became a national news story? Well, Publius at Andrew Breitbart's…

Perhaps you hadn't noticed, but in late August 2010 Ben Bernanke took on complete responsibility for everything -- especially everything mediocre or bad -- that occurs in the economy. I know this because on August 27 and 28 (covered here and here), the Associated Press issued three reports essentially telling readers that it was up to Ben to save us. There wasn't anything Barack Obama, Tim…

I'm regularly amazed by the economic ignorance of today's television commentators. Consider MSNBC's Chris Matthews who on Monday's "Hardball" actually said, "Nobody thinks this country can drill its way out of high gas prices" (video follows with transcript and commentary):

The "erosion" of progressive policies in the U.S. has led to a "dramatic" rise of economic inequality in the past few decades, writes Princeton historian Julian Zelizer in a CNN.com op-ed. The incline has been so steep that Zelizer's headline asks "Are we heading for royal weddings in the U.S.?" According to Zelizer, the upcoming British royal wedding "reminds some Americans of what America…

Good Morning America's George Stephanopoulos on Monday described the country's "gas gripes" over rising fuel costs, adding, "Soaring prices lead to new pain for the President as big oil gets ready to report record profits." (MP3 audio here.) The former Democratic operative turned journalist tried to put the best spin on Barack Obama's growing problems: "And, Jake, these gas prices are also…

If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget." In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the…