Economy

In a q and a with George Stephanopoulos on Saturday's World News, ABC anchor David Muir decided to sum up President Barack Obama's week in Europe by displaying a picture of jovial Italian Prime Minister Silvio Berlusconi and Russian President Dmitry Medvedev arm-in-arm with President Barack Obama during the G-20 group photo session, an image Muir contended showed how “other heads of state are…

Although CNBC "Mad Money" host Jim Cramer has backed off his hyperbolic attacks on President Barack Obama ever since his "Daily Show" appearance, he's shown that he's not afraid to take on the Democratic-controlled Congress. So, to give credit where credit is due, the "Mad Money" host dedicated an entire segment to the Employee Free Choice Act, aka card check and how its passage by Congress…

No one can accuse News Corp. CEO Rupert Murdoch of being an economic cheerleader, despite his net worth of $4 billion according to Forbes magazine. In an interview with Fox News Channel and Fox Business Network anchor Neil Cavuto on April 2, Murdoch was not hopeful the financial markets would recover their value within the next 12 months. "Look, I'm not a market expert," Murdoch said. "I would…

Reacting with indignation to David Frum's assessment that President Barack Obama was a “failure” at the G-20 summit because European leaders “rebuffed” his quest to get them to follow his lead in enacting massive deficit spending, an aghast ABC News veteran Sam Donaldson sputtered that the change in “tone” from former President Bush was more important than substance: The last President we had…

For the second time in a week, CNBC's Rick Santelli faced down one of the standard-bearers of liberalism.First, he explained to Huffington Post editor and founder Arianna Huffington on the March 31 "Squawk Box" that markets are more efficient in correcting economic hardship, in the banking and housing sectors. On CNBC's April 3 "The Call," Santelli took on University of California at Berkeley…

Will There Be a Corresponding Media Call to Pitchforks?Please don't halt respiratory activity in the waiting. Freddie Mac and Fannie Mae are two public-private partnerships known as Government Sponsored Entities (GSEs).  Wherein the executive staff, populated with woefully unqualified, egregiously overpaid political crony appointees, get to play housing market roulette with the House's (read: OUR…

It came and went - and some might not have even noticed it - despite the seriousness of its use. On April 2, CNBC's Jim Cramer proclaimed the Depression over. Throughout that day, the "Mad Money" host told viewers of MSNBC's "Morning Joe," CNBC's "Street Signs" and finally on his own program that the Depression was over and that we were on the verge of a bull run for the financial markets. "We…

Barack Obama has done something no other president has done in the five months after his election.He and his pals Nancy Pelosi and Harry Reid laid the groundwork for this achievement back in June when they created what I have since last July been calling the POR (Pelosi-Obama-Reid) Economy, so it is fair to say that Obama's accomplishment, spanning November 2008 through March 2009, belongs to him…

The New York Observer has noticed an interesting new trend at The New York Times. Its something that we have rarely, if ever, seen from The Times in it's long history. In fact, we are used to seeing a defiant and rather confident Times:There was a time when The New York Times never had to say anything back. If the newspaper caught hell for a story in the popular media, editors at the paper could…

Since former Vermont Gov. Howard Dean stepped down as the chairman of the Democratic National Committee, he has ventured into other opportunities. One of those opportunities was to be a business pundit for the financial news channel CNBC, even though Dean's background prior to politics was in medicine. But just over a week later, in an e-mail dated April 2 to MoveOn.org mailing list subscribers…

For The New York Times economic scene section for March 31, David Leonhardt came across with one of the most amazing admissions about Obama that I've ever seen in the Times. Namely that Barack Obama is just like Hitler. Now, many of you may be solemnly shaking your head in agreement, but in so doing you would be missing why the Times was comparing Obama to Hitler. You see, Leonhardt didn't mean…

Truth to power? Give me a break.Mark Levin mentioned a report by McClatchy's Steven Thomma tonight on his show. When I heard Levin read from it, I assumed that when I went to the web page that McClatchy would label it as "analysis," or "background," or something similar.Nope. Apparently, it's supposed to be a straight news story.Thomma writes as if world peace and civility were salvaged because…

The broadcast networks continued their infatuation Thursday night with Michelle Obama as ABC anchor Charles Gibson teased: “Center stage. With substance and style, the First Lady steps onto the world stage, becoming something of a mega-star.” He soon equated her popularity with Jacqueline Kennedy, the last First Lady to so enchant the press. On NBC, Dawna Friesen trumpeted how “she has dazzled…