Glimmer of Hope: CNN Suggests Democratic Economic Policy Could Create
Democratic congressional efforts to steer the economy not working as advertised. The $787-billion stimulus passed back in early 2009 failed to curb unemployment as promised, and there are other risks of putting a blind trust in government to solve the nation's economic woes. And to give credit where credit is due, CNN's Christine Romans is pointing these risks out. On the April 5 broadcast of…
NYT's 'Pay at the Top' Feature Avoids Dealing With the Outrageous Pay
I'm sure they'll have an excuse for this, but whatever it is, it won't fly with yours truly. Saturday, the New York Times published a feature called "The Pay at the Top." Instead of preparing the usual "Who made the most?" list, it instead disclosed the "pay for 200 chief executives at 199 public companies that filed their annual proxies by March 27 and had revenue of at least $6.3 billion."…
Former Clinton Aide Stephanopoulos to Former Clinton Official Reich: W
Former Clinton operative turned journalist George Stephanopoulos interviewed former Clinton Labor Secretary Robert Reich on Friday's Good Morning America and wondered what more the government can do to bring down unemployment. After business reporter Suzy Welch highlighted the plight of states with high unemployment having to layoff teachers, Stephanopoulos advocated, "Suzy, that would mean more…
Mediaite Attempts to Elevate Pseudo-Con David Frum to Biblical Status
Is it possible to be so wrapped up in a media culture that one could minimize a sacred religious holiday in a shoddy attempt to write a clever headline? Mediaite's Tommy Christopher and his editors seemed to have pulled this feat off. Christopher, who has had a much-publicized run-in with Andrew Breitbart, has a new hero, former American Enterprise Institute scholar David Frum. Christopher…
Santelli’s Plea to Obama: Use TARP, ObamaCare Tactics to Drill Now a
Green jobs to save the American economy? If you have listened to the various politicos on the left end of the spectrum, especially before and after the passage of the $787-billion stimulus package earlier, you would think that is the cure-all. But so far it isn't working and there are other fundamental problems that lie ahead according to some energy market analysts, like much higher oil…
GM Financial Shakeup, a Conflicted Hire, and Delayed Reporting Either
Yesterday, Government/General Motors announced changes in its financial management team. Chris Liddell, who himself just started at GM in January, brought on a new VP to be involved with its pension investments. More interestingly, he hired a new VP and Treasurer with an interesting background (bold is mine): During his 11 years at Morgan Stanley (head of Industrials Investment Banking), (Daniel…
FNC's Hume: Value-Added Tax Passage During Congressional Lame-Duck Ses
So we have a health care reform entitlement now, along with various unfunded liabilities, courtesy of the federal government. The next question is - how are we going to pay for all of it? Last week following the passage of health care legislation, syndicated columnist Charles Krauthammer predicted a value-added tax (or VAT) could be in the works, which is a consumption tax that is placed on a…
Prelude to a Media Victory Lap: Santelli Warns Not to Buy Hype of Upco
With March unemployment data to be released April 2, some are anticipating what potentially lower jobless numbers will all mean for the financial markets and the economy as a whole. However, that data will come with the caveat that it will be misleading because it will include temporary jobs driven by hiring for the 2010 census. On CNBC's March 29 "Squawk Box," CME floor reporter Rick Santelli…
WaPo: Obama Administration To Sell 'Its' Stake in Citigroup
Did you know that the Obama administration owns stock in beleaguered financial giant Citigroup NOT the taxpayers?You might have gotten that impression from a Washington Post article published Saturday.Take a look at the second paragraph of David Cho's piece on speculation that there's an imminent stock transaction about to transpire involving Citigroup and the federal government (h/t NBer…
Media Fail to Expose Health Care Bill as Job Killer, Violation of Obam
After cheerleading and campaigning on the issue for months, the network news media gleefully reported the signing of the $938 billion monumental health care "reform" bill on March 23. At the signing, President Barack Obama emphasized "tax credits" in the bill to help roughly "4 million small-business men and women, to help them cover the cost of insurance for their employees." The…
Krauthammer Predicts European-Style VAT Tax
Remember when it was the liberals that considered the potential of a value added tax or VAT in the United States? More and more, conservatives are starting to express their concerns about it becoming a reality. The VAT is a consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. For example, as Investopedia.com explains, "When a television…
Homeless Official, NYT Obfuscate Significance of Jan. '09-Jan. '10 Spi
Sometimes, certain claims made by establishment media reporters or people who are quoted don't pass the smell test. Then, when you dig in, to borrow a phrase from Michael Savage, the stench makes you clench. Such is the case with a front-page story ("Number of People Living on New York Streets Soars") that went up online at the New York Times late Friday, and appeared in its Saturday print…
Krauthammer: ObamaCare 'Will Be the Law of the Land as of Tonight and
Syndicated columnist Charles Krauthammer gave a very ominous prognosis of health care in the United States, assuming House Democrats have finally mustered up votes to pass particular legislation. On a special broadcast of the Fox News Channel's "Special Report with Bret Baier" on March 21, Krauthammer announced upon passage of health care reform legislation in the House of Representatives, we…
Unreal: AP Cites Teen Intercom Prank As Wal-Mart's 'Latest Minorities
Following up on a post earlier today (at NewsBusters; at BizzyBlog) -- a 16 year-old in southern New Jersey was arrested and charged with "harassment and bias intimidation" for getting onto an area Wal-Mart store's intercom and saying, "Attention, Walmart customers: All black people, leave the store now." Though the company had told the local press Friday evening that it believe that a non-…
