Economy

Throughout George W. Bush's presidency, insults were doled out repeatedly about the commander-in-chief and that was just a fact of life for the highest-ranking public official in the land. However, now there's a new president, there seems to be a different standard on how you talk about a president. CNN's Rick Sanchez, the host of the 3 p.m. hour of "CNN Newsroom" on April 2 took offense to…

At the top of the 3:00PM EST hour of live coverage on MSNBC, anchor Norah O’Donnell and Politico executive editor Jim VandeHei were practically tripping over themselves declaring Barack Obama the "rock star" of Europe in the wake of the G-20 summit. O’Donnell began by asking: "Can we gauge this meeting as a success?" VandeHei replied: "I think early indications are it probably was a big success…

With the G20 meeting in London, there have been raucous protests - clashes with police in riot gear, destruction of property at nearby banks and even the death of one man from a heart attack. And the media have gone out of their way to cover every sordid detail. To former Speaker of the House Newt Gingrich, the media's flag-to-flag coverage of the G20 protests are a glaring contrast to the…

On Tuesday, both USA Today and the Associated Press highlighted guarded optimism that seemed a bit beyond the justifiable after the release of March's sales results for the auto industry. Though there is perhaps some cause for hope, both reports made more out of the industry's roughly 25% sales pickup from February to March (compared to a typical 20% in previous years) than was justified. More…

Get an abortion. In her April 1 blog post, Bonnie Erbe, contributing editor to U.S. News and World Report and host of PBS' "To the Contrary," gave that advice to pregnant moms who are wondering how to raise a child on a strained budget. It wasn't a tasteless April Fool's Day joke. She's serious. Erbe keyed her argument around the situation of an unwed, pregnant mother of three who…

“There is so much to cover on this day,” ABC anchor Charles Gibson announced Tuesday night from London as the network anchors and reporters reflected their awe over how, as NBC anchor Brian Williams put it, “In a marathon, the President meets with the leaders of Britain, Russia, China, then the Queen, and the summit hasn't started yet.” NBC's Chuck Todd then admired how “the President was able to…

It's no secret the Bush administration used fear tactics to push the $700-billion Troubled Asset Relief Program (TARP) through Congress last fall. Both members of the House and the Senate have come out after the fact and disclosed the details. However, the method the Treasury Department employed to get banks to go along with the TARP bailout breached legal boundaries to the point of "extortion…

Socialist International President George Papandreou has a lot in common with President Barack Obama. Both the world leaders have called for nations to come together to solve the global recession and both claim it is necessary to focus on a green economy. Papandreou, who is likely to become Greece's next Prime Minister, was encouraged by Obama's "very new signal" about global goals for…

The Associated Press did a masterful job of portraying Republican Governors as perpetrating "noncompliance" for how they want to spend Obama's education stimulus money. But, even as the AP spends the top half of a story wagging fingers at those nasty Republicans for not spending Obama's generous gift the right way, buried in the story it is revealed that the fault is really with how the stimulus…

The day President Barack Obama arrived in London, the broadcast network evening newscasts on Tuesday night noted that he faces some tough challenges from other leaders who are not as enthralled with him as are their citizens, but ABC and CBS went out of their way to point out how Obama is more popular than was former President Bush. From London, ABC anchor Charles Gibson highlighted the American…

As you might expect, Jon Stewart and CNN commentator Jack Cafferty’s combined act on Monday’s Daily Show consisted of some serious discussion of the economy intermixed with unoriginal jabs at former President George W. Bush’s speech pattern and high praise for the Obamas. Stewart even half-jokingly suggested that if Obama “doesn’t do well,” (perish the thought!), “we can still blame it on Bush” […

Just a few short months ago, New York Times' liberal economics columnist Paul Krugman had high hopes for new President Obama and urged him to act like "Franklin Delano" Roosevelt.But even the billions of dollars in government spending to fix the financial crisis, efforts to limit executive compensation and the recent ouster of General Motors CEO haven't pacified Krugman.According to Newsweek's…

On the March 28 World News Saturday, ABC correspondent John Hendren observed that the "pure adulation" formerly shown for President Obama in Europe has now faded as the President prepares for the G-20 summit in London to convince the group of economic superpowers to adopt his plans to increase spending to stimulate the economy. After anchor Dan Harris introduced the report noting that "Mr. Obama…

The budget put together in Albany by New York State lawmakers, packed with skyrocketing tax increases and new taxes, appears to have picked up some casualties two days before it goes into effect. The casualties are the coffers of the Empire State and the Big Apple, which will not be collecting anticipated tax revenue from talk king Rush Limbaugh very much longer. Limbaugh announced his departure…