Economy

Last November, MSNBC's Lawrence O'Donnell proudly declared himself a socialist on national television. On Wednesday, "The Last Word" host took this a huge step further saying the whole idea that Americans are rugged individualists is an illusion because they're all really socialists (video follows with transcript and commentary):

"Obama aims for the middle on taxes and spending." That's the headline the San Francisco Chronicle gave Washington bureau staffer Carolyn Lochhead's write-up this afternoon following President Obama's "belated embrace of his commission's recommendation to cut $4 trillion in deficits over the next 12 years." "Even as he reached back to his 2008 campaign lodestar with a reference to Abraham…

The great American engine of democracy is beginning to build up a head of steam, and it remains the finest device created by man to organize collective human action. Two months ago, the conventional wisdom held that Washington would do nothing of consequence to start dealing with our fiscal crisis. Certainly, that was the political baseline for the president's Feb. 14 budget proposal for 2012…

I've often said that I wish there were some humane way to get rid of the rich. If you asked why, I'd answer that getting rid of the rich would save us from distraction by leftist hustlers promoting the politics of envy. Not having the rich to fret over might enable us to better focus our energies on what's in the best interest of the 99.99 percent of the rest of us. Let's look at some facts…

Reporters are eagerly anticipating President Obama’s budget speech this afternoon, with NBC’s Chuck Todd assuring viewers of Wednesday’s Today show that now, finally, “the President’s going to add his voice to this, debate, essentially, over what to do about the ever-growing deficit and debt.” But over and over again over the past two years, the media have painted Obama as a leader committed…

If there has been one constant in George Stephanopoulos' journalistic career, it's repeatedly calling for higher taxes. So, it's not surprising that while talking to Paul Ryan on Wednesday about the debt, he lobbied the Republican Congressman, "And if you're not willing to at least discuss new revenues, aren't these negotiations dead before they're even born?" Not getting the answer he was…

When Democrat presidential candidate Walter Mondale announced in his October 1984 debate with former President Reagan that he would raise taxes if elected, his  campaign was over, and he ended up losing one of the biggest election routs in American history. As Barack Obama prepares to offer the nation his deficit reduction plan Wednesday, it is widely believed he is going to recommend tax…

There's an old saw that every time a senator looks in the mirror, he sees a president.  Could the same be true of MSNBC hosts?   Twice tonight on his TV show, Cenk Uygur fantasized himself as president.  The muy macho MSNBCer naturally imagined he'd be much tougher with Republicans than President Obama. View video after the jump.

In a business that is supposed to treat record achievements, dubious or otherwise, as news, it's more than a little curious to note that the Associated Press's Martin Crutsinger, along with Reuters and AFP, all "somehow" forgot to tell readers that March's reported federal outlays, as seen in the Monthly Treasury Statement released today, came in at an all-time record of $339.047 billion, and…

MSNBC's Ed Schultz began his show Monday talking about all the jobs President Obama has created since he took office. Unfortunately, as he made the case about how terrible the Bush years were by comparison, the "Ed Show" host wrongly informed his viewers that Democrats took over in January 2009 (video follows with transcript and commentary):

I sure hope that the Associated Press's Jim Kuhnhenn has been working out, especially in his upper body. The volume of water he's having to carry for the Obama administration as a dutiful member of the state-compliant establishment press has to be getting very heavy. This evening, Kuhnhenn and his wire service are expecting the AP's readers -- and ultimately its subscribing media outlets'…

Clearly annoyed with conservative moves to cut the federal budget and, I suppose, with the success of conservative voters and the gun rights lobby, USA Today religion writer Cathy Lynn Grossman penned an odd entry entitled "Budget battles: Granny, get your gun," excerpted in full below:

Just hours before a last-minute deal was struck between Republicans and Democrats to prevent a government shutdown, CNN's Eliot Spitzer did some politicking of his own on Friday's "In the Arena." The former Democrat governor of New York interviewed the wife of an army private and delved into the family's medical and financial information – a rather awkward spectacle – all to make the case…

Both NBC and CBS on Monday highlighted footage of Barack Obama at the Lincoln memorial on Saturday as they portrayed a President ready to cut the deficit. In the wake of an averted government shutdown, NBC's Chuck Todd on Today enthused, "Barely pausing to consider the $38.5 billion in budget cuts he and congressional leaders had just agreed to...Mr. Obama is already looking forward" with plans…