Santelli Blames Financial Regulation Vote for Dow Drop: 'What Are They
With the Dow Jones Industrial Average (DJIA) taking another tumble of 376 points on May 20, some investors are pointing to problems in Europe for the sell-off. However, there may be problems at home as well. CNBC's CME Group floor reporter Rick Santelli explained on the May 20 broadcast of "Closing Bell" it had a lot to do with the Europe and the Euro, however it isn't all coming from abroad. "…
Liberals Lambast Beck's Connections to Gold Dealers, Ignore Colossal N
A far-left Democratic congressman is accusing conservative commentators of improperly -- perhaps illegally -- conspiring with advertisers to shill for their products under the guise of political opinion. The accusers, however, conveniently ignore liberal commentators that do virtually the same thing, only on a far larger scale.Rep. Anthony Weiner released a report yesterday alleging that Goldline…
U.K. Journalist and ClimateGate Vanguard: Global Warming Debate as 'Im
If you asked people what the two key events in the 20th century were, most would likely point to World Wars I and II because they transformed civilization. However, can something like the debate over climate change be as equally transformative? James Delingpole, author of "Welcome to Obamaland: I've Seen Your Future And It Doesn't Work," spoke at the Heartland Institute's International…
Katty's Complaint: Crash 'Not Long Enough' To Turn People Off Capital
Give that lady a Peabody! The Peabody folks claim they give their awards for "outstanding" journalism and "excellence." So just how clueless do you have to be to qualify? Take Katty Kay, the BBC's chief US correspondent, in New York today to pick up her prize. On Morning Joe, Kay got off a double-barreled dose of classic MSM-think:1. She defended Elena Kagan's opposition to military…
AP Report on Perceived Quality Notes Ford, Kia Strides, Toyota Decline
A few weeks ago (covered at NewsBusters; at BizzyBlog), the Associated Press tried to pass off a poll it had conducted with its partner GfK Roper Public Affairs and Media (inexplicably held for 40 days) as showing that "Americans (are) shifting to US cars." Actually looking at the poll's detailed results revealed that Americans are "shifting to US cars" made by Ford, and either shifting away or…
Reporting on Guv's Call for Eliminating Calif. 'Welfare-to-Work' Progr
Today was a same-old, same-old day in California.For the second year in a row, a state official has proposed eliminating the former Golden State's "welfare-to-work" program, which the rest of us know as "welfare," or Temporary Assistance for Needy Families (TANF). Last year, it was left to a spokesman for the state's Department of Finance to bring out the idea. This year, Governor Arnold…
Liberal Writer Ponders Media Double Standard on Unemployment, Can't Se
Believe it or not, there are some who still fail to grasp the notion that the legacy media are overwhelmingly liberal. They act shocked when the media do what they usually do -- toe the liberal line -- and search in vain for some way to explain the apparent bias."Does the Media Care About Unemployment?" asked Kevin Drum, a writer for the liberal Mother Jones. Drum postulated that that "the media…
NYT Gives Cap and Trade Critics One Sentence: the Last One
Could the New York Times not find an outspoken critic of the Senate's new Cap and Trade bill? Either one could not be found, or they opted not to include such a critic in the paper's report on the unveiling of the legislation.The Times devoted 21 paragraphs to the new Kerry-Lieberman Cap and Trade bill -- proposed on Wednesday -- but did not even mention an actual critic of the legislation until…
AP Won't Dare Compare: April Deficit Report Ignores Huge April '07 and
The comparison of the results contained in the April 2010 Monthly Treasury Statement released this afternoon to April of last year is bad enough. But if the American people knew that April 2010 came in about a quarter-trillion dollars worse than both 2007 and 2008 with almost 40% less in tax collections, most of them would be appalled. Many more than are already doing so would be questioning what…
CNN Money's Plan to Save Social Security: Raise Taxes, Soak the Rich
Jeanne Sahadi at CNNMoney.com has finally realized Social Security needs urgent reform - and by reform, she means going after the wealthy, of course. On Monday, Sahadi reported on news from the Congressional Budget Office that Social Security is dipping into savings already this year and will not be able to meet its obligations by 2037. That's at least 15 years earlier than what the CBO had…
Deficit Comes In Just Below CBO Estimate; Economists' Predictions Were
It doesn't seem like this exercise should be that tough. The government issues Daily Treasury Statements telling everybody what went in and out on a given business day. At the end of the month, the last Daily Treasury Statement has a record (admittedly jumbled and larded with lots of bureaucratic excess) of all receipts and disbursements for the month. The folks at the Congressional Budget…
Detroit News Finds Example of 'Workers Choosing Jobless Pay' Over Work
While it is often an unpopular viewpoint, many economists realize unemployment insurance can actually promote unemployment. Business & Media Institute adviser Prof. Gary Wolfram explained this in an op-ed on March 17, 2010, as the media attacked Sen. Jim Bunning for filibustering a bill including an extension of the ability to file for federal unemployment benefits. Wolfram wrote, "…
Former Car Czar Rattner's Creative Term For Fibbing: 'Elasticized the
If a conservative or Republican uttered the nonsense to be revealed shortly, we'd justifiably never hear the end of it on the late-night comedy shows and elsewhere. As it is, former car czar Steve Rattner's "creative" term for fibbing has and probably will continue to get little coverage outside of Detroit.
Rattner's risible rendition of reality spewed forth before he spoke at a Federal…
