Economy

Glenn Beck has been a favorite punching bag for liberal media members since he moved from HLN to Fox News and started getting huge ratings. The folks at NBC's "Saturday Night Live" have also been on this Beck bashing bandwagon, which made the following sequence during Saturday's opening sketch rather surprising (video follows with transcript and commentary):

Rush mentioned this when he opened his show today, and it deserves a bit of graphic support. Today's New York Times print edition has a headline at the top right which reads: "Obama's Economic View Is Rejected on World Stage" (captured here for future reference). Ouch. But there's also a story about the story, specifically concerning its stinging headline.

Thursday evening, NB's Ken Shepherd accurately pointed out how little establishment press interest there has been in prominently carrying an Associated Press report about how the Obama administration has been, in the words of the wire service's Dina Cappiello, "downplaying scientific findings, misrepresenting data and most recently misconstruing the opinions of experts it solicited." This is…

Time Magazine is having some problems with very basic issues of logic. First, it doesn't seem to understand the difference between correlation and causation. The notion that debt is equal to income minus expenditures also eludes the folks at Time. A blog post on the magazine's website on Wednesday alleged that the Tea Party will cause hyperinflation. If that seems counterintuitive, take…

According to Good Morning America's George Stephanopoulos, a deficit commission suggesting deep cuts will call the "bluff" of voters who want to severely restrict government spending. The ABC host on Thursday dismissed the plausibility of the panel's recommendations. Stephanopoulos condescendingly began, "A week after voters seemed to say that they wanted more aggressive action against the…

Before critiquing, I should recognize that USA Today, while most of the establishment press has snoozed, has done a very creditable job of exposing the wide differential between federal employee and private-sector pay (Aug. 10, 2010; "Federal workers earning double their private counterparts"), and of identifying the outrageous degree by which salaries in the upper levels of Uncle Sam's empire…

Come to think of it, Schultz has a point. This type of thing spells trouble for Democrats. On his radio show yesterday, Schultz was talking with a caller about unemployment when he said something that demonstrated how liberals hold mixed feelings when people make the transition from dependency on government to gainful employment --

Despite 9.6 percent unemployment nationally, with some areas of the country suffering far worse than that, the New York Times editorial board believes state governments must raise taxes to balance their budgets:

CNN's Kathleen Parker and Eliot Spitzer endorsed Matt Taibbi's bashing of conservatives on their Monday program. Spitzer marveled over the Rolling Stone editor's "brilliant" label of the Tea Party as "15 million pissed-off white people sent chasing after Mexicans on Medicaid." This was the second straight evening that the network brought on an anti-conservative author to promote their latest…

The Wall Street Journal can't seem to decide whether Sarah Palin is knowledgable on monetary policy or not. WSJ reporter Sudeep Reddy criticized Palin's "inflation hyperbole" in an article Tuesday, claiming that, contrary to Palin's claims, "Grocery prices haven’t risen all that significantly." "Do Wall Street Journal reporters read the Wall Street Journal?" Palin shot back in a Facebook…

A current headline at an Associated Press story (saved here at my web host in case it's updated) has to be seen to be believed: G20 leaders meet amid strains as US splashes cash "Splashes cash"? If the AP's headline writer was trying to be cute, it didn't work for me. Sadly, replacing "splashes" with "trashes" might have been more appropriate, but of course less "funny."

On NPR's Morning Edition on Monday, anchor Steve Inskeep welcomed a regular guest, Wall Street Journal economics editor David Wessel (from the liberal news side, not the conservative opinion-page side). The new Congress is already too "shrill" and "ugly" with libertarian argument against Federal Reserve chairman Ben Bernanke's printing money to buy government bonds: INSKEEP: Rand Paul is a…

Bill Press this weekend said Barack Obama has created more jobs in the past 20 months than George W. Bush did in his entire eight years in office. As readers will see from the actual data compiled by the Bureau of Labor Statistics, Press's comments made on the "McLaughlin Group" were so false it's laughable (video follows with transcript and commentary):

They're back, they have their media water-carriers in place, and the Obama administration is smack dab in the middle of it. The United Nations is pushing for countries in the developed world to keep their "promise" to, in the worlds of Charles J. Hanley at the Associated Press,  "raise up to $100 billion a year in new money for poorer countries to cope with climate change and reduce their…