Fox Business Host Stuart Varney: Obama's Losing 'Ally' Warren Buffett
Liberal billionaire investor Warren Buffett has been very popular among the news media, but that might not hold if Buffett continues to dissent from President Barack Obama. On Jan. 20, Bloomberg reported that Buffett opposed Obama's proposal to tax a number of large banks supposedly to pay for losses from the bank bailout. "I don't see any reason why they should be paying a special tax," said…
Liberal Evangelical Christian Jim Wallis Rips Banks; Calls Bonuses 'Si
When you breach the sacrosanct wall between church and state, and use religion to promote policy, bad things happen. At least, that's what the left has been telling us for years. But Rev. Jim Wallis, editor-in-chief of Sojourners magazine and author of "Rediscovering Values: On Wall Street, Main Street and Your Street," sees it differently. Wallis used his interpretation of religion,…
DCCC Categorizes Pro-Free Market Cato Institute as a 'Right Wing Extre
Last night, after Scott Brown took one of the Massachusetts U.S. Senate seats, there was a call by some in the media and even among some prominent Democrats to modulate by shifting away from the so-called "far left." One might think a start would be to tone down some of the rhetoric, take a step back and consider retooling the strategy, instead of lobbing more bombs. But the Democratic…
Good, Bad, Pathetic: AP's Kuhnhenn Calls 'Bank Fee' a Tax, Labels As
Last week, in his "analysis" of Barack Obama's proposed "bank responsibility fee," the Associated Press's Jim Kuhnhenn got one important thing right and two others very wrong.The part he got right was describing the proposed fee as a "tax." The first thing he got wrong was identifying the proposed move as a legitimate form of "populism." The second is his claim that the idea is "straight out of '…
Commentary: Taxpayers Will Pay Twice if Obama Gets His Bank Tax
President Obama returned to populist rhetoric Jan. 14 when he announced a $90 billion tax on roughly 50 large banks, supposedly to recoup "every single dime" of the TARP dollars used to rescue the financial sector. Nevermind that a number of those banks including Goldman Sachs, JP Morgan Chase and Morgan Stanley already repaid their TARP debts with interest and were forced to take the money in…
CNBC's Jim Cramer: Brown Win Tuesday Causes Huge Stock Rally As Invest
Former Barack Obama supporter Jim Cramer on Friday said the stock market would have a huge rally if Scott Brown defeats Martha Coakley in Tuesday's special senatorial election in Massachusetts."I think investors who are nervous about the dictatorship of the Pelosi proletariat will feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win," said Cramer on Friday's "Mad…
Worst. 'Recovery.' Ever. Two Fed Charts Old Media Probably Won't Like
The Federal Reserve of Minneapolis has posted a series of charts (HT Ed Morrissey at Hot Air) comparing the current recession -- as defined by the National Bureau of Economic Research, not as normal people define it, a point I'll get to later in this post -- to previous recessions dating back to the end of World War II. The charts definitely show how utterly wrong reporters like the Associated…
Stop the Presses II: AP's Crutsinger Puts Up Another Decent Econ Repor
Okay, who administered the truth serum to the Associated Press's Martin Crutsinger? And will the person who did this kindly inform us when it will wear off? On Thursday, for the second day in a row following a mostly fact-based report the previous day on Uncle Sam's horrid fiscal situation, Crutsinger ran down a troubling economic report. This time it was December's disappointing retail sales…
Stop the Presses: AP's Crutsinger Puts Out a Well-Written Deficit Repo
In his coverage of yesterday's Monthly Treasury Statement from Uncle Sam, the Associated Press's Martin Crutsinger, who I have criticized frequently for cruddy reporting, especially on federal finances, did a pretty good job reporting key facts and conveying very real concerns that are brewing over the country's current fiscal path. In the process, he made a stunning admission about the economy's…
White House Can’t Keep Track of Jobs Saved, Or Lies Told
In an unfortunate choice of articles, MSNBC earlier had a featured set of headlines in their politics section regarding the stimulus package and its effect on the troubled job market. One article touts the recent White House claim that the stimulus package had saved 2 million jobs.But the other article explains why a new method of accounting adopted by the White House will make it "impossible to…
CNBC's Kilduff: $100 Oil in Next Six Months; Rips 'Hubris' of Purveyor
It hasn't been in the limelight recently, but it is coming. According to CNBC contributor John Kilduff of Round Earth Capital, we will soon see the price of reach $100 per barrel. On CNBC's Jan. 11 "The Kudlow Report," host Larry Kudlow asked Kilduff what it would take for the Obama's administration to change its energy policy to allow for more oil exploration and drilling. "Oil is hitting a…
Transportation Secretary Attacks AP Report, Draws Blanks
Transportation Secretary Ray LaHood took to the WhiteHouse.gov blog today to try to refute a devastating AP report showing that the the stimulus's highway and road funding has done next to nothing to improve the unemployment situation. Though he offered a couple of valid points, LaHood, pictured right in a file photo, actually did very little refuting.The AP asserts in its report that "there was…
PR from AP: Wire Service Lets GM, Chrysler Make Vague, Unchallenged, N
Executives from Government/General Motors and Chrysler are at the North American International Auto Show in Detroit vaguely holding forth on the prospect of reopening previously shuttered production facilities. Uh, don't sales have to start heading seriously upward before that happens? Apparently the Associated Press's Tom Krisher, who has his hands in separate stories on the two companies, and…
'World News' Plays Populism Card: Bashes Wall St. Bonuses; Ignores Fan
Just in time for what they call "bonus season," ABC's "World News" treated its viewers to a little anti-Wall Street populism Sunday night. On "World News" Jan. 10, weekend anchor Dan Harris explained there was "backlash" against Wall Street for bonuses that haven't even been paid out yet. But the ABC report made no mention of bonuses paid to Fannie Mae and Freddie Mac executives. "This week on…
