Economy

On the very day Ted Kennedy was buried at Arlington National Cemetery near his two brothers, a Boston Globe editorial argued to undo part of his legacy. The pertinent portion of Mr. Kennedy's legacy has to do with his strident opposition, despite a career of enthusiastically imposing environmental initiatives and costs on others, to the building of a wind farm on Cape Cod (the graphic at top…

NBC's Ann Curry, on Thursday's "Today" show, asked Senator John McCain if "the death of Senator Kennedy" would "be the catalyst" to pass health care reform, but when the Arizona senator responded that it may change the partisan way in which the Democrats have had "no real negotiations" with the GOP to get it passed, Curry demanded that McCain and the Republicans should be the ones to relent as…

Julia Seymour, Kyle Drennen, and several others at NewsBusters have done a great job (here and here, here, and here, just for starters) exposing the establishment media's rush to characterize the government's Car Allowance Rebate System (CARS) program, commonly known as "Cash for Clunkers" program, a success. This media meme has persisted despite processing snafus, slow payments to dealers,…

What is it about consequences that the liberal media and government simply cannot grasp? CNN "Newsroom" admitted Aug. 27 that new car prices are "expected" to go up as a result of the government Cash for Clunkers giveaway. Heidi Collins told viewers, "The success of the Cash for Clunkers program may be pushing new car prices higher. Dealerships are expected to have lower inventory over the…

They warned back in 2008 what might happen if Barack Obama was elected president, and according to conservative talk show host Rush Limbaugh and Fox News Channel host Glenn Beck, a lot of bad stuff is unfolding right before our eyes. Limbaugh appeared on Beck's Aug. 26 program to discuss the threat of the federal government attempting to regulate the media. He explained the president's policy…

Try to keep a straight face when you hear this: President Barack Obama isn't getting enough media love. That's the world view of MSNBC "Hardball" host Chris Matthews - at least when it comes to the economy. According to Matthews, there has been a plethora of positive economic news - from a stock market that has shrugged off the threat of bad liberal policy, i.e. cap-and-trade or ObamaCare, to…

On CNN's American Morning today, business correspondent Christine Romans explained to anchor Kiran Chetry why there are new estimates showing the Federal deficit to be much worse than originally projected by the Obama administration:ROMANS:  Why? OK, this is really -- it's a complicated problem with a very simple analysis. It's how much money the government is taking in and how much money is…

Reporting on the First Family vacationing on Martha’s Vineyard, CBS reporter Chip Reid excitedly exclaimed: "One thing that’s going to give a huge boost to the economy is all the Obama paraphernalia...t-shirts, it’s baseball caps and magnets and coffee mugs and glasses. And restaurants are selling the ‘Baracko Taco.’ Bars are selling ‘Ale to the Chief.’ And all of it is selling like crazy."…

On Thursday’s CBS Evening News, correspondent Ben Tracy reported on the ending of the problem-ridden Cash for Clunkers car buying program, but spun it this way: "Thanks to Cash for Clunkers, what could have been a dismal summer for car sales now has a Hollywood ending....But now, the wildly successful program that provided up to $4500 per clunker is being scrapped."Tracy visited a Los Angeles…

On Friday’s CBS Early Show, co-host Maggie Rodriguez interviewed commentator Dick Morris about his latest book critical of the Obama administration, Catastrophe. After reading the book’s full title, Rodriguez observed: "This title, though, Mr. Morris, can’t you see a lot of people dismissing it right off the bat as alarmist? It screams at you."In response, Morris pointed out the dire state of the…

Whole Foods CEO John Mackey's recent Wall Street Journal op-ed may well have been "in bad taste", ABCNews.com would have its readers believe (see screen cap at right). Emily Friedman devoted an August 14 story mainly to liberal Whole Foods patrons huffing and puffing in disgust about Mackey's op-ed:Joshua has been taking the bus to his local Whole Foods in New York City every five days for the…

The White House's perpetual campaign site, er, home page, currently has rotating messages at the top left. Two of them relate to health care (yellow underlines are mine): The administration would be well-advised to hold back on the blather about "blatant falsehoods" and "misinformation" until their guy in charge stops disseminating them himself.Take Obama's claim that the surgeon's fee for a…

Who says the media are monolithic in their thinking? Yesterday we informed you of the media's serial misuse of an Obama-as-Hitler poster from esoteric left-winger Lyndon LaRouche's website, as outlets like NBC (on their Nightly News and Meet the Press), CNN and MSNBC all ascribed the poster to sentiments roiled up by talk radio host Rush Limbaugh specifically and conservatives generally.  We were…

Does the Associated Press's Martin Crutsinger moonlight as a Code Pink operative? There has to be something that explains what I'll call his Iraqnaphobia. Last month (at NewsBusters; at BizzyBlog), the AP reporter erroneously cited the cost of the wars in Iraq and Afghanistan as a "major factor" explaining why "the deficit has widened." In a quick review of the related June 2009 Monthly…