CBS ‘Early Show’ Touts ‘Historic’ Energy Bill
The Democrats were finally able to get something passed in Congress, a new energy bill that mandates car gas mileage and bans the incandescent light bulb, and on Wednesday’s CBS "Early Show," co-host Julie Chen described it as, "Congress's historic move to get rid of gas guzzlers." Co-host Harry Smith began the "historic" theme at the top of the show: Later this morning, the president will sign a…
Cali's Budget Crunch Commentators Avoid Looking at the Welfare Rolls
Barely four years after California's historic recall of sitting Governor Gray Davis and Arnold Schwarzenegger's landslide election to replace him, the Golden State is, again, in a budget crunch of its own making. Oh, it's not as bad as the Gray days -- yet. The $35 billion budget deficit Davis papered over long enough to win reelection in 2002 over Bill Simon, with the help of the state's…
Rich Pay More Taxes Since Bush Elected Contrary to Media Meme
You know all that nonsense the media have been spewing that the Bush tax cuts caused the rich to get richer and the poor to get poorer? Well, the Internal Revenue Service and the Congressional Budget Office have published tax and income numbers for 2005, and the press couldn't be any more wrong. In fact, it's almost as if the media get their data from Democrat presidential candidates, and…
CNN’s Gupta: SanFran ‘Sugary Drink Tax’ Needed to Offset Corn Su
The market is good for corn farmers right now. Corn prices are reaching highs because of the increased demand for food and as of late, the increased demand for corn-based ethanol. The price of corn is at an 11-year high. Its $4.38-a-bushel price tag is fueling food inflation, according to the December 17 "CBS Evening News." However, that's contrary to what CNN Chief Medical Correspondent Dr…
Low Clothing Sales Foreshadow End of the World
If you watched the news in the last 24 hours, you'd think women's clothing sales were the barometer for the economy. All three major networks reported a 6-percent decrease in women's apparel sales this holiday season, calling the figure "ominous," "worrisome" and "a big deal." The only problem is that the corporation reporting the figures, Mastercard, didn't say it was that big of a deal. In fact…
Harwood: Huck's Economic-Conservative Opponents Churchless Tax-Cut Wor
You'd hardly expect the chief Washington correspondent of business channel CNBC to negatively stereotype economic conservatives. But appearing on today's Morning Joe, the urbane John Harwood did just that.View video here.JOE SCARBOROUGH: [Huckabee is] a different type of evangelical. It's not the evangelical in American politics that's traditionally been very conservative economically. Obviously…
CNN’s Chetry Questions Hillary on Boston Globe’s Endorsement of Ob
Prior to her "tear" question, which Mika Brzezinski asked only minutes before on MSNBC, CNN’s Kiran Chetry did direct one tough question to Hillary Clinton on Monday's "American Morning," concerning the Boston Globe’s endorsement of Barack Obama and the paper’s criticism of her campaign. "'The Boston Globe' endorsed Senator Obama, saying about you, in fact, 'her approach is needlessly defensive,…
Kelo-New London Update: Media Ignores Yet Another Six-Month Delay
As I said two weeks ago (at NewsBusters; at BizzyBlog): As an exemplar of a government-run enterprise stuck in the mud, it’s hard to come with a better example than what is happening in the area that was the subject of the infamous Kelo v. New London ruling in 2005. Nearly 2-1/2 years after the US Supreme Court ruled that the city could evict Susette Kelo and other holdouts from their homes, and…
Drudge: 'Hell Day as Press Turns Vicious' on Federal Budget
This is up on Drudge at the moment: Yes, the viciousness is being directed at Democrats for not being spendthrift enough. It's too early to tell whether President Bush and congressional Republicans have outmaneuvered the Democratic congressional majority, but it's looking that way. Old Media doesn't like it, and their inability to successfully buck up their side, one bit. In the Washington Post'…
BMI's Top 10 Economic Myths of
That's right folks, it's that time of year. There was plenty of economic bias in 2007 and the Business & Media Institute had a hard time whittling it down to just a top 10 list, but we did it.10. Airlines are solely to blame for the unfriendly skies.Media myth: Blame the airlines for all those flight delays; never mind the obsolete government-run agency creating the gridlock.9. Consumer…
