Economy

The theater of the Sherrods continues. Earlier today, Shirley Sherrod, who, according to the current version of ruling class wisdom, was prematurely evacuated from the USDA by Director Tom Vilsack, decided not to accept an offer to return to the agency. Instead, according to Politico's Matt Negrin, "she hasn’t accepted the department’s offer to work there again, but that she wants 'some type of…

It has now been five days since Politico's Ben Smith published a powerpoint presentation created by an amalgamation of powerful left wing interest groups, conceding that two of the central arguments for passing ObamaCare - that it will lower the deficit and will reduce health care costs - have failed. For a group of organizations integral to the passage of the law, that was a stunning admission. …

During the 3 p.m. MSNBC news hour Monday, anchor Chris Jansing asked the question and hosted an expert who supplied the seemingly desired answer. The question: Could President Obama make a mid-term comeback similar to President Reagan in 1982? The answer: Absolutely.The two discussed the similarities of the situations faced by the presidents, and seemed to conclude that if the economy turns…

The New York Times on Tuesday declared what most conservatives knew would happen if Democrats took control of both Congress and the White House: "more Americans - and not just the rich - are going to have to pay more taxes."In its editorial comically titled "A Real Debate on Taxes," the Times predictably argued for a total elimination of the Bush tax cuts, although it favored some partial delay…

Appearing on the Late Show on Monday night to plug his Friday night Dateline on the 5th anniversary of Katrina, NBC Nightly News anchor Brian Williams bizarrely asserted “we're still enjoying the fruits really of the Clinton economy,” claimed Tea Party activists who say “we want our country back” want it back “from the Trilateral Commission” and ridiculed their presumed hypocrisy as he insisted “…

Good Morning America's Bianna Golodryga on Sunday featured a liberal activist arguing for more government intervention in the form of paid time off laws and "affordable" child care. The ABC host never identified Kristin Rowe-Finkbeiner's ideology or the fact that she's a Huffington Post contributor. Instead, Golodryga fretted about "bias" against women who have children. The Rowe-Finkbeiner…

Well, it didn't take to much digging to find people who think that the $578 million cost of the new Taj Mahal complex known as the Robert F. Kennedy Community Schools in Los Angeles (pictured at right; noted last night at NewsBusters and BizzyBlog) isn't that big of a deal. What I found makes me wonder why it took so long for waste of this magnitude to become a national story. On July 9, at LA'…

Call it "No Contractor Left Behind." The Robert F. Kennedy Community Schools in Los Angeles, apparently opening soon, will serve roughly 4,200 students in grades K-12. Its cost is coming in at $578 million, or almost $140,000 per student ($2.75 million per 20-student classroom). This is the LA Unified District's most flagrant example of its Taj Mahal obsession, and it is far from the only one.…

David Gregory on Sunday finally got an answer to his question about extending the Bush tax cuts, but it certainly wasn't what he was expecting.For those that have been watching "Meet the Press" this month, the host has been grilling his conservative guests about this issue ever since former Federal Reserve Chairman Alan Greenspan told him on August 1 that tax cuts don't pay for themselves.Having…

George Will on Sunday gave Robert Reich a much-needed history lesson about deficit spending and liberal myths concerning Franklin Delano Roosevelt and Herbert Hoover.As the Roundtable segment on ABC's "This Week" moved to the current state of the economy, Reich predictably called for another stimulus package. "You can't even talk about stimulus because people say, 'Oh, that would create a deficit…

What kind of shameless shill do you have to be to claim the President is on a winning streak as his poll numbers plummet, the economy teeters on a double-dip recession, and his Party is facing historic losses in both chambers of Congress?A Pulitzer Prize-winning columnist and former managing editor of the Washington Post, that's who.Consider that just days after numerous polls were released…

Here's how the Associated Press's Martin Crutsinger and Daniel Wagner reported the housing portion of their Tuesday report on the day's economic news ("Factories aid bumpy recovery, housing still weak"): Single-family home construction, which represented nearly 80 percent of the market, fell 4.2 percent. And requests for building permits, considered a good sign of future activity, slid 3.1…

Want to see a textbook example of how the left has tried to frame the debate against extending the Bush tax cuts? Take a look at Cenk Uygur, of "The Young Turks" fame, playing the class warfare/populism card. On MSNBC's Aug. 17 broadcast of "The Dylan Ratigan Show," Uygur was up in arms over the argument that taxes shouldn't be raised by allowing the Bush tax cuts to expire. He alluded to…