Economy

Weighing the pros and cons of a plan, particularly one that could cost $1 trillion taxpayer dollars, should mean all perspectives were considered. But that wasn't what it meant to CNN in one Jan. 9 segment in the 8 a.m. hour. Viewers were right to expect balance as "Pros and Cons of Obama's Stimulus" flashed on the screen and John Roberts said, "President-elect Barack Obama is warning of a dire…

Nobel laureate on arcane trade matters, former Enron adviser, and New York Times columnist Paul Krugman is at it again. In his latest Times column ("The Obama Gap"), he chides President-elect Barack Obama for not being ambitious enough in his stimulus plan, and, heaven forbid, for including tax cuts in the mix. He complains that Obama is only committing to much less than half of what's necessary…

In a news report that sounded like an Obama campaign commercial, CBS Early Show correspondent Kelly Wallace declared: "Facing the most serious economic crisis since the Great Depression, the Obama Administration is asking for the biggest stimulus plan in history. An estimated $775 billion to prop up a very sick economy." In the report, Wallace cited Nariman Behravesh, chief economist for Global…

Is the New York Times only months away from declaring bankruptcy?What happens to the journalism industry if the answer is "Yes?"Such questions were posed by the Atlantic in its January/February edition:

Maybe Rachel Maddow watched one too many clips of Bill Clinton during the '92 campaign claiming George H.W. had "driven the economy into a ditch" and that things were as bad as they'd been since the Depression.  In the course of trying to lower expectations for Obama to the max on her show tonight, and tracing the history of the economies previous presidents inherited, Maddow claimed that "…

Prompted by the CBO's forecast of a $1.2 trillion annual federal budget deficit, the NBC Nightly News on Wednesday commiserated with the challenge ahead for the incoming President. “On our broadcast tonight, facing facts,” Brian Williams teased, “President-elect Obama confronts the hard realities he's up against, deficits as far as the eye can see.” A dire Williams proceeded to lead with how…

A link to a story in the New London (CT) Day (story will be available for only a few days) arrived in my e-mail yesterday thanks to a Google alert:Deed Gives NL Building A New AddressItalian Dramatic Club outlived street it used to be on in fort areaThe story stands as a bitter reminder of the blatant favoritism that took place during the sad saga of Susette Kelo and her neighbors in the Ft.…

"Good Morning America" news anchor Chris Cuomo on Tuesday actually challenged liberal House member Barney Frank over how Congress has spent the bailout money. At one point, after the host implored Frank to think of the American taxpayers, the irritated congressman commanded, "I'm sorry, sir, but- I'm sorry, if you keep interrupting we cannot have a coherent conversation." Frank would later rage…

To say that President Vaclav Klaus of the Czech Republic is not liked by Euro-elitists is a grand understatement. European media has generally bent over backwards to give European Union politicians and bureaucrats in Brussels respect and the benefit of the doubt. If there is a voter referendum that enhances EU power, the press is for it, and those in countries like Ireland who reject its advances…

In its opening half-hour, Good Morning America found time to tell us—twice—that Pres.-elect Obama choked up with emotion as he viewed his packed-up old home. But somehow ABC never got around to mentioning that a possible pay-to-play scheme was behind Bill Richardson's bye-bye as Commerce Secretary nominee.After the show-opening roll in which the president elect was shown heading to DC, Robin…

Reuters ran a little flak for Barack Obama trying to help dull the outrageous expectations placed on The One by his irrationally exuberant adherents in theirs headlined "Congress faces historic challenges" -- As if no other Congress has faced "historic challenges" before? Reuters assures us, though, that times are so bad that we should not expect Obama to live up to any of his outlandish promises…

During a report on Friday’s Situation Room, CNN correspondent Susan Roesgen failed to mention the left-wing affiliation of the “activists” who were protesting near the Chicago home of President-elect Barack Obama. She only labeled them as “pro-Obama” and that they “promote a list of campaign promises they want Obama to remember -- promises to bring the troops home, to stop foreclosures, to make a…