Economy

The MSM have already begun circling the wagons around their guy. Like a secular priest, Chris Cuomo this morning absolved Barack Obama of any responsibility for yesterday's stock market nosedive, the largest post-election drop in history.Cuomo offered his absolution while chatting about the economy with Good Morning America co-host Diane Sawyer today.DIANE SAWYER: First we've got to start with…

Californians by very wide margins defeated two green initiatives that anthropogenic global warming enthusiasts in the media and in legislative houses across the fruited plain should take heed...but will they?To begin with, Proposition 7 would have required utilities to generate 40 percent of their power from renewable energy by 2020 and 50 percent by 2025.Proposition 10 would have created $5…

As election results rolled in, the hosts on CNBC's election coverage speculated what a win by Democratic presidential nominee Sen. Barack Obama might mean. CNBC "Kudlow & Company" host Larry Kudlow warned Obama shouldn't misinterpret the election results to unleash an attack on vital parts of the economy. "My point is Obama can not go far to the left if he is winning states like Ohio and…

Perhaps this is coming a little late with the election already underway, but the idea the current economy is as threatened as it was during the Great Depression is unfounded, according to the Nov. 4 USA Today. "Failed banks. Panicked markets. Rising unemployment. For students of history, or people of a certain age, it all has an all-too-familiar ring. Is this another Great Depression? Not yet,"…

If the Republicans had a few more spokesmen like Haley Barbour, the political landscape might look a lot different.  The Mississippi governor's down-home good humor and razor-sharp wit are a formidable combination. Barbour's killer combo of skills was on display on this evening's Hardball.  When Chris Matthews challenged his criticism of Obama's tax credit plan, Barbour good-naturedly backed him…

Obama’s Flips Head to Head With His Flops What the Lord Sayeth He then taketh Away… sometimes the very next day! If this video doesn’t show clearly how the media has allowed Obama to shamelessly flip flop on the issues, nothing does. Sometimes even from day to day Obama “nuanced” his way from one side of an issue to the other. Yet, the media never called him on it.

Reporter Clive Crook really likes Barack Obama and in a November 3 op-ed practically endorsed him for president. But, the Financial Times reporter worries, the Illinois senator has some loopy economic ideas. Yes, your just read that correctly. A reporter for one of the Anglosphere's well-respected financial newspapers admits he'd vote for Obama were he an American citizen -- Crook is a subject of…

According to one UCLA economist, the U.S. is economically sound, but people have panicked because of "scary" warnings surrounding the $700 billion bailout. "Periods of crisis often beget bad policies," Lee E. Ohanian, an economist at the University of California, Los Angeles (UCLA) said in an interview with Reason.tv. The professor stressed that six weeks ago the fundamentals of the economy…

Wall Street is definitely watching all those polls the networks keep touting. CNBC's Erin Burnett told MSNBC's "Morning Joe" that Wall Street was predicting that Sen. Barack Obama will win the presidency, but an upset from Sen. John McCain might boost it: This market has priced in Obama, has not priced in McCain. Some people say that if McCain were to have an upset and win the market…

In reporting the speech by Gov. Sarah Palin in Ohio today, CNN’s Political Ticker tried to spin her question about Obama’s coal comment as old news when it clearly isn’t. Palin asked why we are just now finding out about the interview where Barack Obama said he had hoped to bankrupt the coal industry but CNN termed this interview and Obama’s startling admission as “months-old coal comments” in an…

Washington Post reporter Sholnn Freeman frontloaded his October 31 business section front page article, "Airfare Surcharges Stay Despite Oil Price Drop," not on examining the valid business reasons for why some airlines retain the fee but in citing a liberal politician seeking to grandstand the issue.:When oil prices were rising rapidly, many financially-strapped airlines started adding special…

I'm guessing that Paul Krugman and David Brooks don't hang out that much together.  So when both turn up on the New York Times op-ed page this morning with columns calling for massive government spending, I'm assuming they came to their conclusions independently.  My working hypothesis: if Krugman and Brooks agree on something this important, they must be wrong.Here's Krugman's prescription,…