Economy

If a genuine, sustained economic recovery is truly underway, why can't the government show us the money? This would appear to be a question the establishment press has no interest in answering. As seen in the graphic at the right (HT to an e-mailer), when the government's Monthly Treasury Statement is released next Wednesday, the anticipation is that it will show an April deficit of $85 billion…

After making a fool out of himself going up against George Will on last Sunday's "This Week," Bill Maher dug an even deeper hole five days later trying to strike back at the well-known columnist with a peculiar blend of falsehoods and Bill Clinton.As NewsBusters previously reported, Maher was humiliated on national television last week when he errantly claimed Brazil was "off oil" only to be…

Columbus Bureau Chief Jim Provance at the Toledo Blade is a one-man "Name That Party" creativity machine: In March of last year (covered at NewsBusters; at BizzyBlog), in a story about late financial reports from Ohio's state government, Provance identified State Auditor Mary Taylor, who criticized Governor Ted Strickland's administration for being so tardy with the numbers that they could not…

The Bureau of Labor Statistics (BLS) released its monthly jobs report early May 7 announcing a rise in unemployment to 9.9 percent and an increase of 290,000 jobs. Any positive job growth is good news to be sure. But in order for Obama to meet his pledge of 4 million jobs created by the end of 2010, the U.S. economy would have to add 932,000 jobs each and every month between now and the…

While everyone is scratching their heads and trying to figure out how the Dow Jones Industrial Average (DJIA) lost nearly 1,000 points before rallying back to lose only 347 points - it appears not to be limited to just one stock. On CNBC's May 6 "Closing Bell," correspondent Matt Nesto explained that investigators for both the stock exchanges and for Citigroup, the firm that some are pointing…

"Everyone is entitled to his opinion, but not his own facts," Daniel Patrick Moynihan is credited as having once said. MSNBC's Chris Matthews would do well to heed the counsel of the late liberal New York senator.The "Hardball" host yesterday smeared former Bush FEMA Director Michael Brown as having this kooky notion that President Obama approved of offshore drilling in March only because he knew…

Good Morning America on Thursday again brought on Tom Friedman to lobby for taxes on carbon and oil. Talking to host George Stephanopoulos, the New York Times columnist urged Barack Obama to "use" the oil spill in Gulf of Mexico and push "a bill through the Senate." Friedman discussed America getting off oil and argued, "Well, ultimately, it's going to require a price on carbon that will…

Usually, the crazy rantings of MSNBC host Keith Olbermann can be dismissed as the norm and easily ignored. But on May 5, Olbermann gave a glimpse of an obsession with former Vice President Dick Cheney - a man that has been out of office for 471 days - that was just too bizarre to let go.  Although Olbermann didn't outright absolve the Obama administration for not responding quick enough to the…

Have you seen the new General Motors commercial? In it, CEO Ed Whitacre highlights the taxpayer-funded bailout GM received and then brags: "We have repaid our government loan, in full with interest, five years ahead of the original schedule." That advertisement (Watch it here) gives the impression that A) GM is financially stable and able to repay its debts B) the government bailout was…

CBS's local affiliate in Chicago today threatened to stop covering the Illinois Senate race if the Republican candidate continues to harp on an issue extremely damaging to his Democratic opponent.If a candidate for the United States Senate was a senior loan officer for a bank that made over $20 million in loans to convicted bookies and pimps (while he was employed as a loan officer), is that…

There's no question Fox News is killing its competition in the ratings. And the reason is quite simple according to Rupert Murdoch, the CEO of News Corp. (NASDAQ: NWSA), the parent company of Fox News. On Fox News Channel's May 4 "Your World with Neil Cavuto," Murdoch credited the success of Fox News to the void it fills as people are concerned about the political direction of the nation. He…

Although to ask this question is to invite with a good degree of criticism, it is still worth asking: Is Obama administration's approach to publicly reprimanding private industry cause for concern? On CNBC's May 4 "Squawk Box," host Michelle Caruso-Cabrera raised this point and asked Washington correspondent John Harwood if White House Press Secretary Robert Gibbs' recent statement BP was a…

Well, it's not the same as saying "the company lied through its teeth and the government let them," but it's as close to that as you'll probably ever see in an establishment media outlet like the New York Times. In a column that apparently appeared on the web on Friday while appearing Sunday's print edition, Gretchen Morgenson, assistant business and financial editor at the Times, ripped into…