Economy

On Tuesday’s CBS Early Show, co-host Maggie Rodriguez spoke with FDIC Chairwoman Shelia Bair and asked: "I can't think of a better morning to have you here, because all the talk is about the bank and if you look at the cover of The Washington Post, there it is, the n-word, 'nationalization,' which you have said you would be surprised if we get to that point. But isn't it maybe going to be a…

Tuesday's "Good Morning America" ignored the liberal leanings of a Florida attorney who is instructing people on how to stall home foreclosures. In the segment, reporter Jim Avila showcased individuals who have drawn out the process by demanding that banks produce the original note to their home (which has often been sold in loan packages that are then traded on Wall Street). At no time did he…

After eight years of blaming everything that came out of our nation's capitol on George W. Bush, the New York Times is suddenly separating the White House from the government.Such was immediately apparent in the Times front page story Tuesday addressing the mounting pressure being exerted on Washington to come up with more bailout funds for companies and industries in financial trouble.The…

As rumors of nationalization swirl about Bank of America (NYSE:BAC) and Citigroup (NYSE:C), the market indices have fallen. On Feb. 23, Larry Kudlow, co-host of CNBC's "The Call," asked CNBC Chicago Mercantile floor reporter Rick Santelli if the government should be involved in propping these troubled banks. Santelli made waves on CNBC's Feb. 19 "Squawk Box" railing against the Obama…

Americans increasingly see the danger in Barack Obama's scheme to spend our way out of economic difficulty.  So for the mainstream media, it's all hands on deck to bolster confidence in Obama and his decisions.  The dependable Jonathan Alter reports for duty in the March 2 Newsweek, also posted on the magazine's Web site.  Titled "America’s New Shrink: Chin up, everyone. This president is well…

Imagine for a moment John McCain was President, and few of the people on the task force he created to repair the crumbling auto industry owned American cars. Would that be a public relations nightmare?Well, an article published Monday by the Detroit News revealed that most of Barack Obama's newly announced Presidential Task Force on the Auto Industry don't patronize the companies they've been…

Advantage Rick Santelli -- and Larry Kudlow. CNBC reporter Santelli's Thursday morning "Shout Heard Round the World" (CNBC's term) objecting to the Obama administration's mortgage modification program on the floor of the Chicago Mercantile Exchange quickly went viral, and struck two nerves. First, it ignited a groundswell of support from the over 90% of the of the nation that pays its bills and…

The Associated Press's Jennifer Loven is now the President of the White House Correspondents Association (picture at right is from the WHCA web site). Loven was the first person on President Obama's preselected list of those permitted to ask a question at his February prime-time press briefing. Whether she received this top placement because of her office, or because of her years of George Bush-…

The Minneapolis Star Tribune is often called the "Red Star" Tribune by residents of Minneapolis for its long-time, virulently left-wing outlook. Many has been the time when the editorial board of the Star Trib has carried water for political candidates shilling for big labor. The STrib endorsed Obama for president for his supposed fiscal responsibility as well as his focus on the working classes…

During the 3:00PM EST hour of MSNBC news coverage, anchor Norah O’Donnell discovered the source of sexism in the Middle East was not Islamic fundamentalism, but rather, capitalism: "And to another big story, is oil behind sexism in the Middle East? It's a provocative new theory out there today, suggesting the real culprit of the lower status of women in the Middle East is because of the region's…

Will wonders ever cease? First, a NBC network airs its Chicago Mercantile Exchange floor reporter making a call to action against all the populism that has inundated the political dialogue over the past six months. Now, the same reporter, Rick Santelli, has been invited by White House Press Secretary Robert Gibbs to the White House. On CNBC's "Street Signs" Feb. 20, Santelli told viewers he…

On Friday’s Newsroom program, CNN anchor Heidi Collins failed to mention ACORN’s role in sponsoring a rally against foreclosures in an Oakland, California neighborhood. During her brief, video clips from the protest clearly showed the presence of the group’s signs, name, and logo.Collins characterized the rally as “[a]nger over the foreclosure crisis pouring out into the streets of Oakland,…

Updated below: Lucasfilm rep says Lucas backs Obama's economic policy, tax hikes on rich.Noting that "the cornerstone of American capitalism is that you can make as much money as you want when you work for a company," filmmaker George Lucas told CNSNews.com*, adding that he thinks salary caps for corporate executives should be decided by corporate boards of directors, not politicians:I think it…