Economy

If you listened to any top-of-the-hour radio newscast yesterday, you probably heard that General Motors has exited from bankruptcy, with the company promising to really, really do better this time around.You more than likely didn't hear anything about how much government money it has taken to enable GM to survive and reemerge. That's because original story sources like the Associated Press put…

CNBC "Mad Money" host Jim Cramer often showcases erratic and unpredictable behavior and the same goes sometimes for his analysis of the stock market. While the economy continues to struggle through the recession, the forward-looking indicators known as the financial markets continue to perplex Cramer for not going up when some positive signs, also known as "green shoots" by the financial media,…

This was inevitable.  When the Obama administration effectively took over General Motors, Obama-friendly media hacks were going to tout the company's products . . .And so it was that on his MSNBC show this evening, Ed Schultz offered up an unpaid infomercial for GM's new Camaro.  Most grotesque was Schultz's boast that the Camaro was outselling the Ford Mustang. Take that, private-sector company…

Good Morning America's Jonathan Karl on Friday provided a questioning, skeptical analysis of how stimulus money is being spent on road signs promoting the legislation. At one point, the correspondent quipped, "But for now, the signs seem easier to create than jobs." However, former Clinton aide-turned journalist George Stephanopoulos provided White House spin on the total amount of stimulus money…

He's Got It Is this what Time magazine meant with their July 6th cover, What Barack Obama Can Learn From FDR?Not one to let "a serious crisis to go to waste," Franklin Delano Roosevelt used the onset of the Great Depression as an excuse to immediately begin delivering New Deal dollars in unprecedented amounts - with laser-like political precision to…

Joe Biden is coming to Cincinnati to tout the stimulus plan. A local TV station is thrilled.If this is considered a good way to use stimulus money, we're in $800 billion worth of big trouble:The entire nation is about to get a look at exactly how federal stimulus money is being spent in the Tri-State. Tomorrow morning, Vice-President Joe Biden will be in Northside to look at how that neighborhood…

(Image found at BuriedPlanet.com)In a wildly meandering report on the status of the POR (Pelosi-Obama-Reid) Alliance's attempt to enact statist health care this year, Associated Press writers David Espo and Erica Werner:Told us that the House wants to slap a surtax on "highly paid" Americans without disclosing the percentage of the proposed surtax or how much it might raise.Forgot to tell us that…

"Fool me once, shame on you; fool me twice, shame on me" That's a saying once bungled by President George W. Bush, to the loud delight of the liberal media. But that same media should keep it in mind as Washington mulls a second round of stimulus spending. A July 7 Bloomberg story by Shamim Adam reported that Laura Tyson, an economic advisor to the Obama administration, had put forward the…

In this report we get a nice one-two punch. Not only are we seeing Democrats once again refusing even a tiny compromise with Republicans on Obama's takeover of nearly 20% of our economy with his healthcare plans, but we also get to see another example of why Huffington Post is not journalism. I like a nice one-two punch for a Wednesday. For one thing, the HuffPo article hilariously calls Democrat…

[Please see update below.]Two major wire services- AP and Reuters- cherry picked excerpts from Pope Benedict XVI’s latest encyclical (a teaching document of the Catholic Church) on Tuesday to support left-wing economic and political positions, and all but ignored the pontiff’s traditional stances on the family, bioethics, and the environment. The AP also went so far to bring up “the state of the…

Despite devoting almost the entire Good Morning America program on Tuesday to Michael Jackson, ABC could only find three minutes for a hard-hitting Jake Tapper interview with Barack Obama. And even though co-host Diane Sawyer promised at the close of the piece, "And we'll have more of the President's interview with Jake Tapper later in the broadcast," the segment never returned. Tapper, who was…

Why is CNBC's Rick Santelli one of the few press members willing to point out when the emperor isn't wearing any clothes?As you ponder that important question, consider how Santelli on Tuesday morning recognized how absurd Vice President Joe Biden's Sunday comments were concerning the Obama administration misreading how bad the economy was.After all, as Santelli marvelously asked: "How many…

Question for CNBC Chief Washington Correspondent John Harwood: Where were you six-and-a-half months ago? Harwood on CNBC's July 6 "Squawk Box" noted that the stimulus was not working quite as well as the Obama Administration had hoped - this coming in the wake of comments from Vice President Joe Biden that the economy was "misread" by the administration. The difficulty with the stimulus, he…