Economy

Toyota is facing harsh scrutiny from the media and lawmakers - perhaps with justification. But there could be consequences for the U.S. economy. And as Toyota (NYSE:TM) executives have endured two days of congressional hearings on the issues surrounding their potentially widespread defective products, the most aggressive questioners have been lawmakers from Michigan, home of the Big 3 automakers…

It's been almost three weeks since Sarah Palin addressed the Tea Party convention.  More than two weeks since Andrea Mitchell did her taunting little imitation of Palin's hand notes.  But there was Norah O'Donnell today, still milking the moment to mock Palin.O'Donnell worked her hand-note reference into a discussion on today's Morning Joe of Scott Brown's vote for the "jobs bill."  Later, on a…

Last Friday, New London, Connecticut's newspaper The Day carried the first bit of news in years that might be construed as positive about the city's Fort Trumbull area, part of which became the subject of the infamous Kelo v. New London Supreme Court decision in June 2005. Twenty-four hours later, further detail also carried at the Day showed that the "good news" is really a cruel joke on…

On the Monday, February 22, World News on ABC, host Diane Sawyer seemed to rejoice in the "bipartisanship" of newly elected Republican Senator Scott Brown’s willingness to vote with Democrats on a "job creation bill," as she passed on the "fresh sign" of bipartisanship, and Senate Majority Leader Harry Reid’s expression of hope that it is the "beginning of a new day" in the Senate. After…

Let's be honest for a minute, America. I know a lot of you had stars in your eyes last January when Barack Obama was inaugurated amid promises of "change we can believe in", closing down evil Guantanamo Bay, bringing the troops home from Iraq and all the other idealistic promises he made so he could get elected.He also promised to fix the economy and let us know in no uncertain terms that he had…

CNN's Carol Costello clearly misses the good old days when unions dominated and the "American Dream" was alive and well. "The American dream, 1950s-style. Middle-class America seemed to have it all then. A nice home, a car, economic security. Sixty years later the Bindners and much of the middle-class think thanks to Uncle Sam all of that is disappearing," Costello said introducing her "broken…

So in Barack Obama's America, what happens to a person who: Served as presidential candidate Barack Obama's regional communications director for Ohio for Change? Was also cited as "an Obama spokeswoman in Ohio"? Also served as "a campaign spokeswoman" for fleeting presidential candidate Joe Biden in early 2008? In October 2008, registered to vote in the Buckeye State, even though she was not…

If the goal of whoever leaked the contents of a presentation originally made internally at Toyota's Washington, DC offices and turned over to congressional investigators was to drum up an intense level of negative press coverage against the company, they can sit back and say, "Mission accomplished." It seems to have started Sunday with David Shepardson of the Detroit News, who reported that the…

I guess we could call it the congressional leakers' version of "spreading the wealth." As noted in a post late Sunday evening (at NewsBusters; at BizzyBlog), the Detroit News received a "10-page document" from what had been a Toyota internal presentation that more than likely came from someone who is either a member of or working in Congress, or is involved with the Department of Transportation…

UPDATES: (New NB posts) The Politico gets its own slightly different set of Toyota documents; The False Toyota ‘Brag’ and ‘Win’ Memes Turn Into a SwarmHow coincidental. A Detroit News item by David Shepardson supposedly indicating that Toyota is more concerned about saving money than driver safety surfaces less than 48 hours before congressional hearings are to begin. His story's basis is a…

On Friday’s Rachel Maddow Show on MSNBC, Newsweek contributor Jerry Adler was shown reciting a poem in which he lamented all the agenda items that are unpassable because of the Senate filibuster rule that gives Republicans the power to block action by the Democratic majority. Host Maddow set up the clip: "Every week, Jerry Adler turns a story from the news into a verse for Newsweek. So now,…

Yvo de Boer resigned yesterday as Executive Secretary of the UN Framework Convention on Climate Change. Here are three key passages from the official announcement at the UN's web site: The top United Nations climate change official said today that he has made the “difficult decision” to step down from his position, citing his desire to pursue new opportunities to advance progress on the issue in…

John Fritze of USA Today noted in an On Politics blog post filed last night that "Sen. Brown's 'not one job' claim [has been] questioned."But in relaying the attack on the Massachusetts Republican senator's claim that "not one job" has been created by the Obama stimulus package, Fritze only underscored the point that Brown was making in the context of his comments.There is no real, net job…

David Leonhardt, who serves as the New York Times's conscience on economics issues as a columnist and reporter, celebrated the one-year anniversary of the Obama "stimulus" on the front page of Wednesday's Business section, while attacking naysayers as "hard-core skeptics" and pushing for yet another "stimulus": "Success of Stimulus Bill Is Noteworthy as Another Is Weighed." Leonhardt's column…