Economy

Since the financial industry collapse two years ago, dishonest media outlets and their employees have continually blamed George W. Bush for the implosion that occurred in the fall of 2008 as well as the resulting recession.NewsBusters has regularly pushed back on this historically inaccurate premise specifically pointing to two crucial pieces of legislation signed into law by former President…

In general, there are two major sides to the tax cut debate. One believes that Americans are entitled to keep what they earn, but that they cede some money to the government with the understanding that funding is necessary to enable the state to safeguard citizens' rights - the state's most fundamental function.The opposing side holds, in short, that Americans are entitled to their wealth only to…

I tried to find a nicer way to put it in the headline. But I can't. At the Associated Press, Economics Writer Martin Crutsinger's apparent plug-and-play report less than an hour after the issuance of Uncle Sam's August Monthly Treasury Statement on Monday (his item is time-stamped at 2:56 p.m., which follows the Treasury Department's 2:00 p.m. release by less than an hour) contains three…

CNN's Ali Velshi leaned against extending the Bush tax cuts during a commentary on Tuesday's Newsroom, warning that it "may not be a brilliant idea," and spouted the liberal talking point that tax cuts are a costly matter. Velshi also misleadingly stated that "we have not seen a huge surge in spending."The anchor devoted his regular "XYZ" segment at the end of the 2 pm Eastern hour to the tax…

This could confirm what many suspected all along - the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage. That's how former CNBC reporter and current Fox Business Network senior correspondent Charlie Gasparino explains it in his forthcoming book…

Interviewing White House senior adviser Valerie Jarrett yesterday, The View's liberal co-hosts repelled Elisabeth Hasslebeck's tough questions on President Obama's failed economic agenda by changing the subject and ignoring their conservative colleague's criticism.Refuting the claim that the economy is "certainly moving in the right direction" despite dismal unemployment numbers, Hasselbeck asked…

If a RINO is a Republican In Name Only, let's coin a new acronym for David Brooks: RINYTO: Republican In New York Times Only.  For only in the Gray Lady's bailiwick could Brooks be considered much of a Republican.Take his current column in the Times.  Brooks warns Republicans on the verge of regaining power that it would be nothing short of a "tragedy" if they were to oppose . . . more government…

Yesterday President Obama held court with a receptive suburban liberal audience in a backyard in Northern Virginia. Covering the story, the Washington Post assigned the article front-page real estate in the September 14 Metro section.While Theresa Vargas and Nia-Malika Henderson  noted that the group was a "partisan audience of about 30 people" which was ridiculed by Republican detractors as a "…

New York Times reporter Robert Pear ought to consider moonlighting as a stand-up comic in the tradition of Steven Wright. Wright's deadpan delivery is legendary. Pear's deadpan lines in his article about the immense paperwork burden heading the economy's way in the form of requiring IRS 1099 forms to be issued to each and every person paid $600 or more during the course of a calendar year for…

Republican strategist Ron Christie on Monday demonstrated why Keith Olbermann is smart to not have conservatives on his program, for most MSNBC hosts are just not up to the challenge.Appearing on the "Ed Show" to address some comments Newt Gingrich recently made about President Obama, Christie refuted former Air America host Jack Rice's contention that Gingrich was being racist."I disagree with…

Mark Shields on Friday demonstrated just how far a liberal media member is willing to go to support President Obama and the Democrat Party.Appearing on PBS's "Inside Washington," Shields actually made the case that despite a 9.6 percent unemployment rate, and growing fears of a double dip recession, Americans should be uplifted by the fact that more private sector jobs have been created this year…

As NewsBusters has previously reported, liberal Internet publisher Arianna Huffington is breathtakingly ignorant when it comes to basic economic theory.On Sunday, she proved it again by making an absolute fool of herself on ABC's "This Week." With the "Roundtable" segment beginning on the subject of the economy, Huffington noted how the failure of the banking bailout to stimulate growth was "…

For general discussion and debate. Possible talking point: Here's change you can believe in!The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.Census figures for 2009 - the recession-ravaged first year of the Democrat's…

Though its true nature was largely ignored by the local media at the event (noted on Tuesday at NewsBusters; at BizzyBlog), Ted Strickland's unhinged Labor Day speech at the AFL-CIO's annual picnic at Cincinnat's Coney Island has, with the help of the Republican Governors Association (RGA), garnered quite a bit of statewide attention. During his rant, Democrat Strickland denounced the Republican…