Free Enterprise - Not Government Oversight - Key to GM Turnaround, Say
Free enterprise and the American marketplace – not the guiding hand of government – have revitalized the beleaguered automaker General Motors, which expects to announce another profitable quarter, according to GM officials. President Barack Obama plans to visit a GM plant in Hamtramk, Michigan on July 30, and his administration is linking GM’s return to profitability with the bailout of the…
The Golden Witch Hunt: Left-Wing, Mainstream Media Target Gold Adverti
Gold has been a highly valued commodity going at least as far back as the ancient Egyptian culture in 2600 BC. But now, with economic instability and uncertainty over the health of major global currencies, the demand for gold has risen as a store of value and a hedge against inflation. Over the past 12 months, the price of gold has gone up dramatically - up 25 percent from July 2009 (from $929…
Mika: With More Women In Charge, Wall St. Meltdown 'Simply Would Not H
If only women ruled the world . . . Striking a blow for her sex, Mika Brzezinski today claimed that the Wall Street meltdown "simply would not have happened" if more women had been in charge. The Morning Joe co-host was reacting to news that the Dems managed to slip into the recently enacted financial regulation bill a provision--authored by Rep. Maxine Waters--that would create "at least 20 new…
CNN Money Covers for Democrat Obstructionists After Bashing GOP
If a congressional Democrat blocks economic relief efforts, and no one bothers to report it, does it really happen? The editors at CNNMoney.com are apparently on a quest to find the answer. After weeks of pounding Republicans for stalling unemployment benefits in the Senate, the site is suddenly disinterested in doing the same to Democrats. The political battle du jour? Republicans and moderate…
In 'Context': Two June Housing Stats Are Worst For Any June Since Such
Thanks to Shirley Sherrod, Andrew Breitbart, and the NAACP, political journalists have supposedly discovered the importance of "context" (though they strangely seem to lost interest once fuller context items like this and this became known). It would be helpful if such an interest in full context would legitimately and consistently spread to business reporting. Full context would include looking…
Paul Ryan Schools Chris Matthews on Tax Hikes, Budgets and Economics
Chris Matthews on Monday got a much-needed lesson from Rep. Paul Ryan (R-Wisc.) on how tax hikes impact the budget as well as the economy."Congressman Ryan, is there any tax role for reducing our $1.4 trillion to $1.7 trillion debt this year -- deficit this year?" Matthews asked during the 5PM installment of MSNBC's "Hardball." "Is there any role in tax increasing to help do that job?"When Ryan…
MSNBC's Contessa Brewer Simply Echoes Democrat Talking Points on Tax C
Newsbusters reported earlier on the double standard of MSNBC anchor Contessa Brewer on reporters appearing at fundraisers. During the same news hour, Brewer simply couldn't understand the Republican position on extending the Bush tax cuts for all taxpayers, and jokingly wondered if the Republicans are even human."What I don't get is a lot of the people who are shouting about letting these tax…
As AZ Immigration Law Looms, ABC Touts Harm to Small Businesses
ABC's "World News" on Sunday caught up to CBS and NBC in fretting about the potential problems caused by illegal immigrants who may be leaving Arizona before the state's new law takes effect on Thursday. Correspondent Barbara Pinto devoted her entire piece to lamenting the possible damage to small businesses whose customers are presumably now leaving the state, but offered less than a sentence to…
Adjusting White House Deficit and Spending Projections to Cash-Based R
Here's the White House's latest deficit projection, as illustrated at the Corner (HT Instapundit): As explained in two previous NB posts (here and here), FY 2010 is worse than it appears by about $115 billion.This is why, as explained previously:
ABC's Elisabeth Leamy Tosses Softballs to Obama: What Are You Teaching
Good Morning America's Elisabeth Leamy used an exclusive interview with Barack Obama on Friday to toss mostly softball questions, such as wondering, "I want to ask you, what are you and the First Lady teaching your daughters about money?" [MP3 audio here]After the President suggested that his children could earn some money on the side, Leamy gushed, "I've got a job for them babysitting." The…
MSNBC's Brewer Laments After Everything President Obama Has Done, 'Wha
Apparently not grasping the public's growing unease with Barack Obama's big government/big debt approach to the economy, MSNBC's Contessa Brewer on Thursday touted as admirable how the President and Democrats in Congress have "passed job extension benefits again and again. They passed a big health care reform bill that's gonna lower health care costs." Highlighting the passage of the Democratic…
Unemployment Fight Shows Media Will Help Liberals Protect Their Jobs
Senate Democrats defeated a GOP filibuster of a $34 billion bill to extend unemployment benefits to 2.5 million out-of-work Americans on July 20, after Obama blasted the Republicans for blocking the bill. Obama tried to cast Republicans in a hypocritical and callous light with his Rose Garden speech June 19: "The same people who didn't have any problem spending hundreds of billions of…
Obama Administration’s Actions in Auto Bailout Added to Unemployment
The Obama administration’s policies in steering the auto bailout drove unemployment up, according to an audit by the Office of Special Inspector General for the Troubled Assets Relief Program (SIGTARP). “At a time when the country was experiencing the worst economic downturn in generations and the government was asking its taxpayers to support a $787 billion stimulus package designed…
CBS's Attkisson Finally Exposes Fannie Mae's Dirty Laundry
Some investigative reporters still live up to their job descriptions. On the July 20 edition of "CBS Evening News," reporter Sharyl Attkisson exposed how government-sponsored entity (GSE) Fannie Mae and mortgage lender Countrywide "scratched each other's backs" while their toxic loans fueled America's mortgage crisis. Attkisson revealed new documents showing that Countrywide gave "very…
