Economy

Update below the fold.This is just a small entry, a blog-lette, if you will.  Because I happened to have seen this bit of broadcast flapdoodle live, which you now have before you at right (with the audio available here).On this morning's MSNBC News Live, co-host Angela Burt-Murray - the Editor-in-Chief of Essence magazine -uncorks this absolutely wild pitch to Congressman Elijah Cummings (D-Md):…

The media have repeatedly stated how "angry," "hostile" and "ugly" town hall meetings across America are becoming. They are of course largely ascribing the nastiness to conservatives voicing their opposition to (among other things) President Barack Obama and Congress' proposed government takeover of the health care system. The press has been particularly offended by the "extreme" use of…

Lou Dobbs - you can love him or hate, but sometimes he makes a point that will get your attention. The CNN host of "Lou Dobbs Tonight" gave his evaluation of MSNBC "Countdown" host Keith Olbermann on his Aug. 11 radio show. According to Dobbs, Olbermann was a neophyte until MSNBC gave him a primetime show in 2003. "First, I want to share with you something that just, I mean shocks me," Dobbs…

Ben Bernanke's able use of monetary policy to steer the economy during the current financial crisis sometimes makes it easy to forget that Bernanke helped steer the ship into that crisis early in his term as Federal Reserve Chairman and a member of the Fed's Board of Governors. That's a point Strategic Forecasting (Stratfor) founder and CEO George Friedman made when asked the likelihood of…

Someone forgot to send the CNN health care kool-aid over to the office of Fortune editor at large Shawn Tully in the days leading up to July 24. Tully in turn forgot to toot his own horn, and ObamaCare opponents forgot to take a peek inside what is normally enemy lines to find it. In a must-read special report at affiliate CNNMoney.com, Tully lays bare Barack Obama's core claim, while…

It's no longer just enough to educate people about making healthy decision. You now have to influence them psychologically to effect true change according to CNBC's Jim Cramer. Cramer, during his "Stop Trading" segment on CNBC's "Street Signs" on Aug. 10, suggested eating so-called unhealthy food be demonized, similar to how the tobacco industry has been - through a publicity campaign that even…

State-controlled General Motors issued a supposedly comprehensive 8-K report to the Securities and Exchange Commission last Friday.If you only read the Associated Press's coverage of that document's release courtesy of reporter Tom Krisher, you would at least know that:The company doesn't expect sales to improve during the rest of the calendar year.That the $50 billion in post-bankruptcy funding…

Only $120.4 billion, or 15 percent of the gigantic $787-billion stimulus has been spent and some on the left, including Nobel Prize-winning economist and New York Times columnist Paul Krugman, are already calling for Stimulus, Part II. In an interview with CNBC Asia from the World Capital Market Symposium on the Aug. 10 broadcast of "Squawk Malaysia" Krugman said the stimulus that passed…

Watch out, Barbra Streisand!  You've got some serious competition in the category of formerly famous woman singers turned loud and illogical liberal lips.Carole King has proclaimed that people who say that Pres. Obama's cap-and-tax plan is an energy tax are . . . like "birthers."King made her wacky claim on Willie Geist's "Way Too Early" show this morning.  View video here.

About the only thing you can conclude about the Agence France-Presse wire service's August 4 "news" item about a health care poll result ("Majority back Obama on health care reform: poll") is that they couldn't find anything more recent than three weeks old to provide the result they were looking for. So AFP went back to a poll done between July 9-13 -- an online one no less. As NewsBusters…

Three of CNN’s political analysts- Jeffrey Toobin, David Gergen, and Gloria Borger- all gave President Obama B’s or B-pluses on the economy and overall job performance during the network’s special “The National Report Card: The Second 100 Days” on Thursday. These grades from these “non-partisan” analysts lined-up with the A’s and B’s that Democrats Paul Begala and Donna Brazile gave the president…

After touting the ‘Cash for Clunkers’ program as a "runaway success" and "great for the environment," Friday’s CBS Early Show finally reported on problems with the plan as co-host Maggie Rodriguez declared: "And find out why the ‘Cash for Clunkers’ program could actually end up costing you long term."While previous Early Show segments on the plan gave only passing attention to its critics,…

Times have been tough financially for media companies across the board and satellite radio has been no exception. On Aug. 6, Sirius XM Radio (NASDAQ:SIRI) posted a second-quarter loss and the company hasn't lived up to expectations after Sirius and XM completed a merger a little over a year ago. According to "CNBC Reports" host Dennis Kneale, part of the satellite radio's problem is shock jock…

For Congress, the August recess almost always means a round of town hall meetings and other gatherings at which our elected officials get to hear from the citizenry on what they have done thus far in session.  This summer, for those Congressman and Senators voting for or supporting government-run ObamaCare, the cap-and-trade tax and regulatory regime, the $787 billion alleged "stimulus" package…