Economy

Jonathan Alter was an early accuser of new President George W. Bush when he and VP Cheney began to try to warn the country that an economic downturn was well underway as he was taking office. As Bush tried to warn the nation, the media jumped all over him for "talking down the economy." Yet, as we watch the reporting of Obama's current down talking of the economy, the media has said nothing…

Democrats, including president-elect Barack Obama and Senate Banking Committee Chairman Christopher Dodd, received more money in campaign contributions from Fannie Mae and Freddie Mac than any other members of Congress.You couldn't tell that from an Associated Press article published Sunday which completely blamed Republicans for the lack of regulation and oversight of Freddie Mac.In fact, when…

The failure of American media to properly vet the political beliefs of Barack Obama during the just concluded presidential campaign was on full display Sunday when the president-elect made clear just how much of a socialist he really is, and did so with nary a challenge from "Meet the Press" moderator Tom Brokaw.Makes you wonder what the results might have been on November 4 if the press had done…

If you needed any more proof that liberal media members don't give a darn about the state of the economy or the American people, and instead just want to raise taxes, you got it Sunday when Tom Brokaw advocated gas prices, which have plummeted recently, be kept at $4 a gallon with government keeping the added cost. Coming just two days after it was announced that America lost over 500,000 jobs in…

Given the flap that ensued when he famously told Joe the Plumber that he wanted to "spread the wealth," I figured Barack Obama wouldn't be making such a suggestion again anytime soon.  I figured wrong.Pres.-elect Obama to Tom Brokaw on today's Meet The Press:I think the important principle, because sometimes when we start talking about taxes, and I say I want a more balanced tax code, people…

Those who thought that President-elect Obama's pre-Thanksgiving promise to "create or save jobs," appropriately satirized by Mark Finkelstein at NewsBusters on November 24, might have been another one of the Oh-So-(in)Articulate One's "inartful" statements should know that it has become standard fare in Obama speeches.In related news, Uncle Sam told us Friday that over 136 million seasonally…

I suppose the Associated Press wants us all to feel sorry for Mexico. With so many illegals here either having trouble finding work or actually returning home, Mexico is finding that its citizens illegally in the US have fewer American dollars to send home. AP says the "situation is so serious" that the Mexican government is trying to create new programs to reinforce ties between illegals here…

Only a professor, preferably a sociology professor, one with way too much time on his hands, could have come up with this one.  His solution to the Detroit crisis that has the Big Three automakers on the brink of bye-bye?  Unionize their foreign competitors manufacturing in the USA!Now why didn't we think of that?  Because we're not Jonathan Cutler, associate professor of sociology at Wesleyan…

If you needed any more proof climate alarmists are an extraordinarily deluded bunch that will do anything to protect their dogma, you got it Saturday when a 56-page report on military strategy incited ire because it included two paragraphs on global warming that don't perfectly fit Nobel Laureate Al Gore's agenda.In fact, all the brouhaha was largely about one sentence: "In many respects,…

Then candidate Barack Obama listens to Arizona Gov. Janet Napolitano during an economic discussion in June 2008 in Chicago, Illinois. Obama recently named Napolitano head of the Dept. of Homeland Security.(AFP/Getty Images/File/Jeff Haynes)  

In today's coverage of Uncle Sam's Employment Situation Report, the Associated Press's Jeannine Aversa showed no real curiosity as to why November's seasonally adjusted job loss was so much higher than September's or October's. There's a reason for that.  I have noted for quite a while (previous NB-posted examples are here, here, and here) that the business press, led by AP, has repeatedly and…

Always irreverent, Tucker Carlson seems freer than ever to aim a few jabs at his network and the people that work there.  On today's Morning Joe, Tucker landed a one-two punch. With all the talk focusing on Detroit, Carlson let the cat out of the bag that NBC is implementing layoffs of its own.  Tucker played off that news, tweaking Chris Matthews along the way, by announcing that he too was…

"Talk about too big to fail," said managing editor of Time Richard Stengel on MSNBC's "Morning Joe" Dec. 4, who was on the program promoting the latest cover story for the magazine entitled, "The Case for Saving Detroit." Stengel: "I find the fact that so many Americans are unsympathetic to Detroit to be kind of amazing," Stengel said: We make the case that in fact the, you know, the Big…