Economy

Matt Lauer invited on two Senate supporters and no opponents of Barack Obama's stimulus bill, on Monday's "Today" show and asked pro-stimulus bill questions to his guests, even chiding those who opposed it, when he asked Republican Senator Susan Collins about two of her GOP colleagues who are against it: "So what do you get that those two are not getting?" Lauer, also depicted a gloomy picture…

With the turndown in the economy and the crisis in the financial services industry, capitalism bashing has become all the rage at mainstream media outlets.From making fun of corporate jets to lambasting executive pay, liberal press members are creating a cottage industry blaming all the world's problems on the free market.Unfortunately, there are economic consequences for this "Capitalism…

ABC's George Stephanopoulos was puzzled on Sunday's This Week when new Republican National Committee Chairman Michael Steele saw a difference between government-created temporary “make work” jobs and jobs created by the private sector: “I guess I don't really understand that distinction.” When Steele charged that “what this administration is talking about is making work,” Stephanopoulos…

Former Sen. Tom Daschle might have been forced to withdraw his name as President Obama's Health and Human Services secretary last week, but his tax problems were far less egregious than Timothy Geithner's, the man just confirmed as the Secretary of the Treasury.In fact, according to Pulitzer Prize winning Vanity Fair contributing editors James Steele and Donald Barlett, Geithner's offenses were…

As the financial crisis hit last September, NewsBusters regularly informed readers of the truth behind the matter, and that media assertions the Bush administration was to blame were politically motivated falsehoods intentionally designed to get Barack Obama elected president.On Saturday, the financial publication Barron's offered readers an editorial by Hoover Institution visiting fellow Scott S…

While the Obama administration and its media minions castigate financial industry executives for their so-called greedy ways, a couple of inconvenient truths are going largely un- or under-reported: one bank being criticized for a lavish convention in Las Vegas was forced to take TARP money in October, while another is trying to pay back the funds to regain its autonomy.As the press had a field…

Who cares if we're like Bill Murray in Groundhog Day, careening in his pickup toward the brink of the rock quarry?  At least we're moving fast!That seemed to be Claire Shipman's logic in urging speed in the implementation of the stimulus plan. The ABC correspondent made her curious comment today during the roundtable segment of This Week.CLAIRE SHIPMAN: Don't you think that, I mean as George […

Newsweek's Jon Meacham and Evan Thomas are tired of all this talk of socialism. We need to stop talking about yesterday's news, they say, and embrace the great new fact that America is already a socialist country. They chortle that America is just like France. Meacham and Thomas chide Sean Hannity for using socialism as a dirty word because it "seems strangely beside the point." The pair is…

Globaloney religionists have hailed the ascension of Barack Obama to the presidency as their answer to the worldwide "crisis" of global climate change so dangerously confronting us. During his pedestrian inaugural address Obama played his role of high priest of the eco movement to perfection saying that we will be the leaders in a global effort to "roll back the specter of a warming planet." All…

Stimulometer on the Rachel Maddow Show, MSNBC, February 5, 2009.

Roughly five months after Joe Biden informed the nation that paying higher taxes is patriotic, it now appears radically increasing government spending and the federal debt is as well.At least that's what one gets from a New York Times piece Saturday applauding a Senate compromise on President Barack Obama's stimulus package.Here are the paragraphs where patriotism was prominently mentioned (…

Say goodbye to hope and change. It's time to embrace the politics of doom and gloom. MSNBC host Contessa Brewer, in an interview that seemed a lot like a lobbying campaign for the stimulus set for a vote in the U.S. Senate, quizzed Sen. John Barrasso, R-Wyo., about the possibility that his vote against a stimulus bill could send the country spiraling into a Depression - and endanger the public's…

He might be on the Forbes list of billionaires with a net worth of $1.3 billion and he may appear frequently in the financial media, but Pimco's Bill Gross doesn't have a grasp of how much "trillions" are. Gross recently called for a massive government intervention or face certain catastrophe.  "This economy requires support from the government, a check from the government in some form or…

Just one night after CEO Donald Trump told "Larry King Live" viewers that the U.S. is in a "Depression," Suze Orman, personal finance expert and host of her own show, started talking about people in bread lines - but she wasn't making a historical reference. According to Orman there are people in bread lines right now, some of them white collar workers:"There are some people who can't find a job…