Same Old Song and Dance: As Fan and Fred Losses Balloon, Here Comes th
As if the Fannie Mae and Freddie Mac (Fan and Fred) crackups weren't bad enough, IBDeditorials.com noted on Thursday evening that another bad-mortgage shoe is about to drop. This time it's at the Federal Housing Authority (FHA). First, let's revisit Fan and Fred to remind readers just how complete the disaster has been at these decades in the making Democratic crony-controlled entities. A…
CBS Skips Any Mention of Massive Deficit Numbers Under Obama
Wednesday’s CBS Evening News With Katie Couric and Thursday’s Early show completely ignored any mention of the fact that the deficit has risen to a staggering $1.4 trillion, triple what it was a year ago. The Early Show, however, did find time to report the incredibly important news that Levi Johnston will be posing for Playgirl. Just one year ago, on October 7, 2008, Katie Couric made sure to…
Documentary Airing Tonight Shows Unfettered Capitalism Lifts Poor, De
With President Obama seeking to nationalize more and more private industry, Michael Moore promoting his latest socialist agit-prop and the left gleefully proclaiming the death of capitalism, a documentary special airing tonight offers a welcome antidote.“The Power of the Poor with Hernando de Soto” airs Oct. 8 at 10:00 pm ET on PBS. Produced by Free to Choose Media and funded by the John…
Daily Beast's Blumenthal Catches Ratigan Flu, Shouts Down Scarborough
It isn't often that one can see two decades of history re-written in under ten minutes. But such was the occasion on this morning's episode of Morning Joe. Max Blumenthal, author of "Republican Gomorrah: Inside the Movement that Shattered the Party," spent his time on the show demonstrating the combined power of cognitive dissonance, wanton ignorance, and a willingness to re-write historical…
Michael Moore: Foreclosed Homeowners Like Rape Victims
No, that's not a made-up headline. The foreclosed and/or evicted homeowners that have played such a role in the current economic meltdown - are they irresponsible borrowers that lived beyond their means or are victims that got swindled? Michael Moore is clear on where he thinks they fall. Moore matched up with Fox News and conservative talk radio host Sean Hannity on Hannity's Oct. 6 program…
Chrysler 'May Not Make It Another Year
In early July, following the very first month after Chrysler LLC emerged from bankruptcy, the Associated Press, in an unbylined report about changes in the company's board, saved this little nugget for the last of its eight paragraphs: Chrysler's poor June performance also casts doubt on whether the U.S. government's $7 billion allocation will be enough to get the automaker through the U.S. sales…
BMI’s Seymour: Reagan Treated 13 Times More Negatively on Jobs Than
BMI's Julia A. Seymour appeared on FNC's "America's News Headquarters" to discuss her latest report, "Networks Flip Flop on Jobs." During Seymour's Oct. 4 appearance, she told host Shannon Bream some of the findings of her report. "Let's talk about who was the president 26 years ago, Ronald Reagan. So how were his unemployment numbers, or what happened under his watch covered as compared…
Record Teen Unemployment: Only WSJ Seriously Looks At Minimum-Wage Hik
Based on the data, the current job situation for teenagers in America is the worst on record. According to Uncle Sam's Bureau of Labor Statistics: Seasonally adjusted teenage unemployment hit 25.9%. That is the highest rate in the nearly 62 years BLS has been reporting this number. The previous record was last month's 25.5%. The record before that was 24.1% in November and December of 1982. A…
September Vehicle Sales: Press Still Won't Concede Possibility of GM
Reviewing September's detailed sales results in the car business carried at the Wall Street Journal, three things stick out immediately: The awful performance at General Motors -- down 45% from September 2008. Chrysler's even worse performance -- down "only" 42% from September 2008, but a mind-boggling 61% from September 2007 (62,197 in 2009, 156,799 in 2007) Ford's tiny decline of only 6%…
Huffington Says Copenhagen Trip a Mistake: Obama Got 'His Clock Cleane
It's not too often where both a prominent conservative and a prominent liberal would deviate from their ideological consensus on a particular issue. However, the news of the day - Chicago being beaten out by Rio de Janeiro for the 2016 Summer Olympic Games is one such instance. MSNBC "Morning Joe" host Joe Scarborough, who identifies himself as a conservative, said he was glad President Barack…
MSNBC’s Schultz Blames 'Right-Wing Talkers' for Obama Olympic Defeat
It was bound to happen. Although some in the liberal media were all too eager to point out instances where some are celebrating President Barack Obama's "epic fail" in the media, it was just a matter of time before conservatives and Republicans got the blame for the President's inability to secure the 2016 Olympics for Chicago. Enter MSNBC's Ed Schultz. During his Oct. 2 MSNBC show, the liberal…
Reich Laughed At For Saying Stimulus 'Keeping People Employed
Former Clinton Labor Secretary and current Obama economic advisor Robert Reich was laughed at Friday for claiming "the stimulus package is the thing that is actually keeping the economy up, keeping people employed."
In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow…
Healthcare Adds Another 19,000 Jobs, 559K Since Recession Began
As the Business & Media Institute's Julia Seymour previously reported, the September unemployment data just released by the Bureau of Labor Statistics revealed a larger than expected decline in non-farm payrolls.Yet, as employers shed another 263,000 workers, the healthcare industry ADDED -- yes, ADDED!!! -- 19,000 employees.As NewsBusters reported last month, the healthcare industry, despite…
Jobless Numbers Jump; Watch Bias ABC's Gibson Spin Stats from 1982 vs
Unemployment rose again in September, to 9.8 percent, with 263,000 jobs lost according to Bureau of Labor Statistics release. That followed months of positive economic coverage from the networks and begs the question: how with the network news spin that tonight? The network news media have been manipulating bad jobs reports in Obama's favor since March as the unemployment rate rose from 8.1…
