Economy

Is President Barack Obama's administration showing hints it is losing confidence in Treasury Secretary Timothy Geithner? CNBC's Larry Kudlow said the signs are suggesting as much. The host of "The Kudlow Report" said in an appearance with CNBC On-Air Editor Charlie Gasparino on his March 17 broadcast that a statement put out earlier today by the administration, and placed at the top of the…

The anger and outrage over $165 million in bonuses paid out to American International Group (AIG) executives has many upset and outraged, but it also has some scratching their head wondering where that same emotion is over the entire government spending/bailout culture that has encapsulated Washington, D.C. Earlier on March 17, CNBC reporter Rick Santelli suggested on CNBC's "Squawk Box" some of…

Business and Media Institute's Dan Gainor appeared on Fox Business News "Money for Breakfast" March 17 to discuss the Obama economic team's performance in the administration's first 50 days. Gainor dubbed Treasury Secretary Tim Geithner "the worst" because "when he came out and talked about the housing plan that he didn't have, the markets tanked." Ben Bernanke, Federal Reserve Chairman…

Since his now-famous Chicago Tea Party outburst from the floor of the Chicago Mercantile Exchange in February, CNBC's Rick Santelli had seemingly disappeared from the spotlight. However, on CNBC's March 17 "Squawk Box," Santelli, using similar theatrics, noted that the Obama administration as been very concerned about $165 million in bonuses paid out to American International Group (AIG)…

Near the end of the 3:00PM EST hour on MSNBC on Monday, anchor Norah O’Donnell attacked former Vice President Dick Cheney for arguing that the Bush administration should not be blamed for the economic crisis, exclaiming: "Can't blame the Bush administration? Well, let me show you this. The unemployment rate during the Bush administration rose from 4.2% to 7.6%. Poverty jumped from 32.9 million…

The Obama administration is just flummoxed by the burdens of power, ABC's George Stephanopoulos fretted on Monday's World News. Discussing the public backlash over how AIG used bailout funds to pay bonuses, Stephanopoulos related that the White House feels “caught in a bind” between “populist anger” and appeasing the business community which only causes negative public reaction. “It's a tough…

All the current outrage and attention to bonuses paid out to employees of institutions that received federal bailout money is misplaced, according to an analyst that appeared on CNBC Asia on March 16.  The media is making much of the news that American International Group (AIG) executives are receiving compensation in the form of bonuses. But Kirby Daley, senior strategist at the Newedge Group…

At the top of Monday’s CBS Early Show, co-host Julie Chen declared: "Optimism offensive. An upbeat Ben Bernanke tells '60 Minutes' the economy could turn around within nine months." Chen later introduced the segment on the Obama administration’s new economic optimism: "...from bleak to bright. The Obama administration has switched its tone and is now saying the economy is on the road to recovery…

Barney Frank was allowed, by NBC's Meredith Vieira, to go on a tear against AIG for wasting bailout money on corporate bonuses, on Monday's "Today" show, yet Vieira never once interrupted Frank to point out his own wasteful stimulus spending on earmarks going to Frank's home district, including $1 million for scallop research. Vieira also didn't interject when Frank blamed the Bush administration…

Newsweek has some prescriptions to save us all. We should live like it's 1899 instead of 2009. Don't use a dryer for your clothes, chop your own wood for heating fuel, buy a black and white TV because it's "just as good," and don't get the Internet or cable TV. Sheese, talk about a kill-joy! Of course, the piece by Steve Tuttle isn't all stone-ageie, new-ageiness. Some of the points Tuttle…

Since CNBC's Rick Santelli first suggested a Chicago Tea Party to protest President Obama's plans to "stimulate" the economy and bailout homeowners through unrestrained government spending, organized demonstrations have been occurring across the fruited plain.In fact, as Glenn Reynolds reported moments ago, there's one happening today in Cincinnati.  Unfortunately, unless you frequent…

The current “money mess” is “primarily because we've spent or authorized more money on the Iraq war (its sixth anniversary is next Thursday) than we're putting into the stimulus program,” USA Today founder Al Neuharth contended in his weekly “Plain Talk” column on Friday. While “many Democrats as well as nearly all Republicans in Congress gave Bush” the authority to go to war in Iraq, “by…