Economy

While defending the Obama administration as a champion for small business owners, MSNBC host Ed Schultz revealed that his construction company more than doubled its number of employees in the past year – thanks to the stimulus bill."We've gone from eight employees to 20 employees in the past year, because of the stimulus package," he said of his construction company. "We've put some people back…

"[Carly Fiorina's] position on taxation would deprive women of childcare."The Hyde Amendment "penalizes poor women terribly.""You can't be a feminist who says other women can't" have an abortion.These are just some of the outrageous statements left-wing feminist Gloria Steinem made during an interview with CBS anchor Katie Couric on the latest installment of "@katiecouric," which was posted to…

Via the Associated Press (link may be dynamic and subject to change):  A federal judge in New Orleans has blocked a six-month moratorium on new deepwater drilling projects that was imposed in response to the massive Gulf oil spill. The White House says President Barack Obama's administration will appeal. Several companies that ferry people and supplies and provide other services to offshore…

In a recent interview, House Majority Leader Steny Hoyer (D-Md.) said that the Bush tax cuts that affect the middle class should not be considered "totally sacrosanct." The number two Democrat in the House of Representatives "acknowledg[ed] that it would be difficult to reduce long-term deficits without breaking President Obama's pledge to protect families earning less than $250,000 a year,"…

Late last year, a story carried by the wire service AFP reported on an announcement by Venezuela's Hugo Chavez that his government would launch "a new chain of government-run, cut-rate retail stores that will sell everything from food to cars to clothing." Chavez reportedly said that these "discount socialist stores" would show people "what a real market is all about, not those speculative, money…

On the June 20th edition of Sunday Morning, CBS reporter Richard Schlesinger conducted a glowing interview with pay czar Kenneth Feinberg, lauding him as someone who speaks with "moral authority" and who has "become an expert assessor of the value of life itself." Feinberg, who will now be in charge of distributing the $20 billion BP has pledged for the oil spill, previously worked with President…

So you may have seen the headlines - the United States is slipping from its long-time position of economic dominance. Evidence: news that China is on the verge of become the top global manufacturer.  But to former General Electric CEO Jack Welch such headlines really don't mean much. Welch, appearing on MSNBC's June 21 "Morning Joe," explained that yes China is about to take the manufacturing…

Tough times don't last; tough people do. That's the theme of author John S. Cohoat's new book "No Thank You, Mr. President," which tells the story of 10 private companies in Elkhart County, Ind., that made their own way to economic recovery without government handouts. "My hope is that these stories provide some inspiration for you or make you remember why our capitalist economic policies and…

When it comes to the performance of the U.S.-headquartered Detroit automakers once known as the Big Three, the real news in the J.D. Power and Associates 2010 Initial Quality Study (IQS) is not what the Associated Press's Stephen Manning wrote in his Thursday coverage ("US cars top foreign brands on quality survey") of Power's pronouncement. While barely true and in a sense historic, it's not…

There several annoying aspects of today's Associated Press report on the plight of newly-hired employees at U.S. auto plants represented by the United Auto Workers. Mentioned by writers Dee-Ann Durbin and Tom Krisher, but not until their eleventh paragraph, is the fact that new workers, whose starting wage (mentioned in Paragraph 2) is "about half what veterans make under their current contract…

On Friday's Situation Room, CNN's Jack Cafferty tossed cold water on the Obama administration's "recovery summer" claims, stating that the "current recovery has been one of the worst for job creation ever." Cafferty also criticized the dangerous growth in the national debt, underlining that there "appears to be a rather serious disconnect," as the President requested billions in additional…

For taxpayer-funded PBS, the blueprint for America's future is centered on advancing the Obama administration's taxpayer-funded green agenda. In the June 17 installment of "Blueprint America," Miles O'Brien, a "NewsHour" special correspondent, hailed Dubuque, Iowa as the "city of the future" for transforming itself into a liberal beacon of environmental sustainability.O'Brien's piece showered…

Wow, just wow. Never would have seen this one coming, but is one of the standard-bearers of the media elite recognizing the Obama administration's anti-business populist tone is inhibiting the U.S. economy? On the June 18 broadcast of CNBC's "Squawk Box," NBC "Meet the Press" moderator David Gregory was asked to respond to a June 18 New York Times article by David Sanger suggesting the Obama…

In a satellite interview with Rep. Charlie Melancon (D-La.) held shortly before 1 p.m. EDT today, MSNBC's Contessa Brewer criticized Rep. Joe Barton (R-Texas) for denouncing the president for pushing BP to agree to a $20-billion escrow account for oil spill damages as a "shakedown": So, there's Joe Barton calling the $20 billion in escrow a shakedown, and as you point out, there are people in…