Economy

Apparently, megalomaniacs need schedulers. Just ask George Soros. The left-wing billionaire is helping fund two major conferences that start on the same day, in two different locations just a three hours apart by car. Two liberal events packed into one long weekend. God created the world in six days. Apparently, Soros, who sees himself as “some kind of god,”needs just a long weekend to start…

Last Friday, in what one would think would be a bombshell story headlined "Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak," Bloomberg's Bradley Keoun and Craig Torres reported that foreign banks secretly and routinely tapping the Federal Reserve's "discount window" lending program, primarily in 2008 and 2009. Some specifics: "(The) loans protected a lender to local…

While questioning Rep. Jason Chaffetz (R-Utah) over the budget battle on Monday's "In the Arena," CNN's Eliot Spitzer switched gears and attacked Republicans for cutting taxes for the rich while cutting benefits for the poor. Spitzer and Chaffetz sparred over the ongoing budget battle and spending cuts, and Spitzer was certainly not lacking in Democrat talking points. "You are driving the…

In the 1965-1971 comedy series "Hogan's Heroes," prison guard  Sergeant Schultz is a "bumbling, highly unmilitary 325-pound Sergeant of the Guard. Schultz is a basically good-hearted man who, when confronted by evidence of the prisoners' covert activities, will simply look the other way, repeating 'I hear nothing, I see nothing, I know nothing!'" Reviewing past NewsBusters posts featuring or…

Covering the budget debate on Capitol Hill and the conflict in Libya, Andrea Mitchell spun two serious policy issues as examples of race-baiting. On the April 5 edition of “Andrea Mitchell Reports,” the MSNBC anchor lamented that Rep. Paul Ryan’s (R-Wis.) proposed 2012 budget would ravage black and Hispanic communities. “Representative Paul Ryan’s 2012 budget, released today, includes…

First, let me make something clear. One thing I learned in my first job as a dishwasher back in the Mesozoic Era is that all work conscientiously done can be noble. I don't criticize McDonald's for wanting to grow their business and the businesses of their franchisees, and I surely won't criticize anyone for taking a fast-food job to put food on the table or to gain an employment foothold.…

With the looming possibility of a government shutdown and today's Republican 2012 budget proposal, you can expect the media to be hard at work amplifying the complaints of liberal Democrats that conservative-proposed budget cuts are extreme. Even newspaper sections or online features generally disconnected from politics are picking up on the meme. Take the Chicago Tribune's The Seeker blog, a…

Although a government shutdown hasn't occurred yet, ABC's Good Morning America has already begun showcasing the possible dire impacts of such a budget impasse.  Reporter Jake Tapper highlighted White House worries about "figuring out what this will mean in terms of parks that are closed, museums that are closed, veterans that are not able to get assistance for their benefits..."…

Rep. Paul Ryan, chairman of the House Budget Committee, is slated to release the Republican budget for FY2012 today. He took to the Wall Street Journal to offer some details and tout the need for budget reform. Ryan also created the very slick video you'll see below the break to outline the nation's fiscal situation. Check it out and let us know what you think.

Do you believe Rep. Paul Ryan when he says we only have a few years left to get our fiscal house in order, or we're going to face European-type austerity? How about the co-chairmen of the bipartisan deficit commission, Alan Simpson and Erskine Bowles, who have essentially issued the same warning? Have you taken a hard look at President Obama's 10-year budget with a view to whether it would…

Bernie, put down the bong! On Cenk Uygur's MSNBC show this evening, Bernie Sanders, the socialist senator from Vermont who caucuses with the Dems, claimed that rich Americans "have not contributed one nickel to deficit reduction." Cenk of course failed to challenge Sander's certifiably silly assertion. View video after the jump.

Michael Powell’s New York Times story on the latest job figures made the lead slot in Saturday’s Times, with a headline portraying a revitalized Obama and a defensive G.O.P. “U.S. Posts A Gain Of 216,000 Jobs, A Lift For Obama -- Private Sector On Rise -- As Jobless Rate Falls to 8.8%, White House Warns G.O.P.” One might not think an 8.8% unemployment rate would be cause for swagger and…

"We can't leave our troops on the beach." Ilario Pantano, a former sniper, sat in my office, rolling his shirtsleeve back down after showing me the United States Marine Corps tattoo on his arm. He wasn't showing off. He was making a point. "If my country is worth dying for, it's worth fighting for." Which is what brought him to Washington. He's put his life on the line in the Marines, and…

Veronique de Rugy is an economist you should get to know, for she is doing fabulous work at George Mason's Mercatus Center. On Friday, she appeared on Bloomberg TV to debunk some myths about debt and deficits while publishing an accompanying must-read piece at Reason (video follows):