Economy

Rep. Barney Frank (D-Mass.) chats with Treasury Secretary Tim Geithner before a hearing on AIG chaired by Frank on March 24, 2009.

Reacting to a 12:30PM EST Thursday press conference in which House Republicans unveiled an alternative budget plan to President Obama’s, MSNBC’s Contessa Brewer seemed to be annoyed that the GOP interrupted coverage of the President’s virtual town hall meeting: "And moments ago, Republican leaders got together for a news conference. They said they would unveil what they called their alternative…

President Barack Obama doesn't have to do too much to impress ABC News. A little more than five weeks after the fill-in anchor of World News effused over two-week-old photos of Obama “serving cookies” on Super Bowl night while an awed George Stephanopoulos glowed over how “these are just remarkable....we've never really seen anything like this before in real time,” on Thursday night the newscast…

Gallup has issued two polls in the past couple of weeks showing that the reality is breaking through the non-stop, years-long propaganda blitz known properly known as the Great Global Warming Hoax (characterized by me since January 2007 as globaloney): On March 11, the pollster told us that "Although a majority of Americans believe the seriousness of global warming is either correctly portrayed…

Want a little populist outrage?  There's nothing like hearing it from a multi-millionaire advertising mogul with a spot on CNBC. Donny Deutsch, the host of "The Big Idea," a show the network has shelved, explained to viewers on the March 25 broadcast of "CNBC Reports" he wants measures put in place to keep prevent people he regards as "idiots" from making $10 million a year. "The issue is even…

For over six months, bankers, traders, financial institution employees, and anybody in any way associated with Wall Street have been eviscerated by the media as greedy, lying crooks.Considering this, and how shortly after his inauguration, President Barack Obama said this isn't the time for people to be worried about profits, one has to wonder what kind of reaction the left and their media…

It is one thing - as Rush Limbaugh has been vilified for - to say you have a desire for the president to fail, but what about accusing the president of wanting his own policies to fail? That's what Fox News Channel's Dick Morris said on the March 25 broadcast of "Your World with Neil Cavuto." According to Morris, those who are criticizing Obama for his spending, including Daniel Hannan, who…

There is a somewhat amusing article on CNN.com right now. It's not amusing for its wit but for the fact that CNN and Senior White House Correspondent Ed Henry think they need to explain away the "tough exchange" that Henry and Obama engaged in during Tuesday's press conference. Also amusing is the fact that Henry seems to be apologizing to The One for simply doing his job. Finally, it's amusing…

On Wednesday’s Countdown show, the duo of MSNBC host Keith Olbermann and new CNBC contributor Howard Dean delivered a gem of both double standard and apparent amnesia as both generalized about the inappropriateness of calling any President a "fascist." As Dean was interviewed by Olbermann, who famously called President Bush a "fascist" in a "Special Comment" rant last year which was even picked…

Has the federal government exceeded, or is it on the verge of exceeding its constitutional authority with the recent series of events connected to rescuing an ailing banking system? Although Rep. Michele Bachmann, R-Minn., was ridiculed for raising that question in a congressional hearing on March 24, conservative talk show host, constitutional lawyer and legal commentator Mark Levin, told Fox…

On Wednesday’s CBS Early Show, co-host Maggie Rodriguez discussed President Obama’s Tuesday night press conference with Republican Senator Richard Shelby and asked: "The President will head to Capitol Hill today to sell his budget and last night he wondered why Republicans who have been critical of it haven't come up with an alternative budget. What's the answer?"After Shelby explained that…

ABC's George Stephanopoulos appeared on Wednesday's "Good Morning America" to laud Barack Obama's "confident" Tuesday night press conference as reminiscent of a "law seminar." The "This Week" host then cooed, "The President used to be a law professor." He enthused, "I would say overall, though, a good performance, about an A-." (As noted by the MRC's Brent Baker, Stephanopoulos also appeared on…

Talk about unintended consequences. All this populist anger ginned up by congressional Democrats, the media and the Obama administration is going to hinder the Treasury Department's strategy to rescue the banking system. Paul Krugman, the liberal New York Times columnist and winner of the 2008 Nobel Prize in economics explained to Bloomberg News on March 24 that this is just what is happening…