Economy

**UPDATED WITH VIDEO** In the ever-expanding aura of liberal hysteria surrounding MSNBC, Chris Matthews is regularly outpaced by the formerly coherent sportscaster, Keith Olbermann.  But Matthews may have won the nightly laurel wreath last night, with his insight on Sarah Palin’s warning against federal bailouts.The offending quote from Palin is not unlike many other things heard from other…

Ed Frank created an interesting little video that serves as a stark reminder of how harsh the Old Media was on Bush's "faltering" economy in comparison to today's hearts and flowers style of reporting during the age of Obama, even though the stats are far, far worse under Obama than they ever were under Bush. Frank's video is shocking for its revelation of how Bush was slapped around and how…

In the second half of his op-ed in the Washington Post today, former Soviet Premier Mikhail Gorbachev entirely credits himself and fellow countrymen for the end of his country's Communist dictatorship, and claims that it's the Western capitalist model that is currently failing. In the process, he espouses positions that seem to have been copied from the Democratic Party's past few platforms, as…

There is happy-talk and then there is delusion. The Associated Press has just approached the delusional stage with its recent assessment of what the unemployment numbers mean. Absurdly, the AP seems to imagine that the continued job losses under Obama means that job hunters are experiencing "raising hopes"! It's like sitting on the Titanic pleased that taking on water raises hopes that a nice,…

Even if they ultimately lose their last-minute court battle, the Indiana pension funds defending their rights as secured first-lien creditors of Chrysler have done a valuable deed. We have learned, among many other things, how at least one government lawyer characterized the funds' lawyer, Thomas Lauria. A $10,000 Democratic Party donor, Lauria, despite clear evidence of intimidation of his…

It doesn't seem like it would be too much to ask CNNMoney's headline e-mailers to read past the first sentence of a government announcement. But, maybe it is. Here are the first two sentences of the Employment Situation Report from Uncle Sam's Bureau of Labor Statistics released this morning: Nonfarm payroll employment fell by 345,000 in May, about half the average monthly decline for the prior 6…

Today's Employment Situation Report from Uncle Sam (link will be updated for May results at 8:30 a.m.) will almost certainly report hundreds of thousands of seasonally adjusted jobs lost. According to this AFP report, "Most analysts expect employers to have cut 520,000 jobs, down from 539,000 in April. But the unemployment rate is still expected to have jumped to 9.2 percent, its highest since…

On CNBC, Tony Fratto, former White House Spokesman for President Bush, has used the nice word -- that would be "deception" -- to say that Barack Obama is lying about his claims that his "stimulus" efforts saved any American jobs. Not only does Fratto devastate the administration's claims to have saved jobs, but he rightfully points out that the lapdog media is letting Obama get away with the…

With the federal government issuing massive amounts of debt and the Federal Reserve purchasing it in the name of keeping interest rates down, questions have arisen about impact on the U.S. dollar. On June 2, CNBC's "Power Lunch," aired a clip of the network's chief economics reporter, Steve Liesman interviewing Secretary of the Treasury Timothy Geithner. Geithner claimed the Federal Reserve…

In what could be a new record for the Morning Joe crew, Joe Scarborough exploded into an anti-media rant today – a mere six minutes and forty-one seconds into the show.  From review of the tape, it is clear that Scarborough had not missed his morning coffee – so that was apparently not the reason for his detonation.  What, then, set Scarborough off?This Scarborough eruption was brought to you by…

It is interesting, instructive, and a little disheartening to notice that the foreign press is much more shocked than the U.S. press is by the arrogance and expense of the Obama's "date night" that cost the taxpayers nearly one million dollars last week. The Australian and British press, for instance, scoffed at the absurd cost of the one night visit to New York that Obama "sacrificed" for but…

Roll Call is reporting that during the typical Friday afternoon document dump -- a practice used to hide actions that might prove somewhat embarrassing to the White House -- the administration quietly announced that some of the former restrictions on lobbying ballyhooed about during the late campaign have been lifted. And now, we have to wonder: will the media notice this sudden change? I mean, a…

"Dealergate" is a term referring to a collection of evidence indicating that dealership termination decisions at bankrupt Chrysler may have been based on factors other than maximizing the chances that the company, post-bankruptcy, will be viable and profitable. Josh Painter at RedState has a roundup focusing on what have been the primary concerns, which continue to be vetted by Doug Ross (here,…