Economy

H/t texascajunWe can debate the propriety of mentioning the name of banks that might be in financial trouble.  But one thing appears clear to Chris Cuomo [file photo]: it would be wrong to mention the name of a Democrat who could be in hot water.  Wouldn't want to cause a run on the Dem's political capital, after all. Cuomo's discretion was on display during today's Good Morning America. …

Hitting full panic mode on Tuesday night, ABC anchor Charles Gibson teased World News: “Markets are gyrating, inflation is rising, banks are closing. Consumer pessimism is at an all-time high.” Actually, only one bank. Gibson explained “we are going to devote a large part of our broadcast tonight to the economy because the news each day seems unrelentingly bad.” It certainly is on television news…

I received this CNNMoney.com e-mail just before 6 PM ET: Hmmm. So they think it's all on Ben's shoulders. The headline at the Associated Press's coverage by Adam Schreck says that the drop was due to "bad economic news." But at least one person quoted earlier today (11:26 a.m., according to the link; HT NixGuy) had a different view, and he said what he said to CNNMoney.com, the same outfit that…

Update (13:40 EDT): You can see in bold some of the questions I thought particularly biased. I've clipped Mark Smith's first question about turning the thermostat down and driving less and posted that video on EyeBlast.tv. You can find it embedded at right. [Official White House transcript available here.] 10:17 EDT: President Bush will hold a press conference in a few minutes, I'll be watching…

That must be some crystal ball Reuters reporters Jeremy Pelofsky and Tom Doggett have. They somehow know that George W. Bush's Executive Order lifting an Executive Branch ban on offshore drilling will work out to be "largely symbolic" -- even though Congress's ban will expire on September 30 unless it's proactively renewed. Further, Pelofsky and Doggett seem to almost know that since Barack…

Mika Brzezinski might be an Obama backer, but she really should sit down with Hillary Clinton. The woman who turned $1,000 into $100,000 could clue her in to the workings of the commodities markets.  Be it cattle or crude oil, the concept's the same: these are "futures" markets in which prices are set on traders' expectations of what conditions will be some time down the road.Mika's need for…

Democratic Sen. Chris Dodd of Connecticut, chairman of the Senate Banking Committee, has remained largely unhurt by the controversy over his "sweetheart" deal with mortgage lender Countrywide. But CNBC's "Squawk Box" co-host Carl Quintanilla finally bucked the media trend of ignoring the scandal and brought the loan up in an interview July 14. Dodd appeared on CNBC's "Squawk Box" in the wake…

Remember the grief Dick Cheney received in late 2000, and then President Bush in early 2001, when they were accused of “talking down the economy”? We already know from history that the economy had already slipped into negative growth during the third quarter of 2000; so it's fair to say in hindsight that Cheney and Bush were actually observing reality. Specifically, Cheney's 2000 statement was…

In the wake of former Sen. Phil Gramm's statements earlier this week about this being a nation full of whiners, the good folks at ABC's "Good Morning America" brought on a consumer psychologist Sunday to discuss whether or not the McCain advisor had a point.Shockingly, not only did Kit Yarrow tell host Kate Snow that "the way consumers feel about things is very emotional," but also these "…

On Saturday, Ben Stein accused the media of whipping the nation into a frenzy concerning how the economy is doing. On Sunday, ABC's George Stephanopoulos proved his point.While talking to California Governor Arnold Schwarzenegger on "This Week," Stephanopoulos actually said of the economy, with a straight face no less, "In the last four years it's gone more down than up."I kid you not (photo…

Does the Washington Post agree with former Sen. Phil Gramm's recent assessment that "We have sort of become a nation of whiners" when it comes to the economy?After all, the Post published an op-ed Saturday by economic historian Amity Shlaes entitled "Phil Gramm is Right." Although readers are strongly encouraged to review the entire marvelous piece, the following are some of the highlights (…

Days after former Sen. Phil Gramm told the Washington Times that "We have sort of become a nation of whiners" when it comes to the economy, Ben Stein claimed, "It's the media that is whipping us into this frenzy."Deliciously, this came just minutes after a Democrat strategist actually said, "We are in the toughest economic time we have ever been in this country." As such, I would make the case…

MSNBC has recently taken their negativity to a whole new level of fear mongering with a promotional ad peddling their election coverage. The ad features reporter Andrea Mitchell narrating the voiceover:People really care because our kids are falling behind in school. Because health care is no longer affordable, we’re at war, the American economy is in trouble.While MSNBC had a bullpen of biased…