Economy

One of the more persistent myths in this country is that lower income people are liberals. Anyone who's spent more than a weekend in the Midwest, South, or West can tell you that in many places, it's the richer neighborhoods that tend to vote Democrat.The fact that the left now has money (and lots of it) has significant benefits for it but there are downsides, especially if you're one of those…

If this isn't junk science, then nothing meets the requirement to be called such! A new, money wasting university "study" was written about by New Scientist Magazine (on their website newscientist.com) this month that was presented as a "surprising discovery" somehow "proving" that people secretly love to pay taxes. And people wonder why "science" can be so easily scoffed at these days... or why…

What do you get when you add a liberal think tank study, another liberal “expert, and CBS “Evening News?” You get a doom-and-gloom story about baby boomers remaining in the work force as “an economic necessity” that ignores relevant information.“The 78 million baby boomers are starting to think about retirement, but for many of them, that’s all they’ll be able to do. Think about it. Two new…

Our friends at Investor's Business Daily are taking a seven-part look at the media's incompetence in reporting market:Media bias has been detected in other studies, but this series raises an additional possibility – media incompetence in analyzing and explaining how the economy and financial markets work.Installments will cover how the media report on subjects like tax cuts, deficits, trade and…

Time magazine's "Swampland" blog last week gave former Rep. Majority Leader Dick Armey (R-Tex.) a platform as guest blogger and left-wing readers quickly pounced with all the juvenile invective they could muster. One commenter to Armey's valedictory post wished that Armey would eat sh*t and die, albeit saying so with more flowery language: "May you engage in coprophagy, then shuffle off this…

Longtime readers of The Wall Street Journal's editorial pages know three things: The paper's editorials and opinion columns are usually among the best anywhere -- and not just on business and economics. The Journal has for years had every reason to be proud of the fact, as the late Robert Bartley noted, that it is one of the few papers readers would buy for its opinion pages. The Journal has…

Give Food Stamp Challenge organizers in Michigan and New Haven, Connecticut some credit. We'll probably never know whether they figured it out on their own, or perhaps read of other organizers' errors when they were pointed out by syndicated columnist Mona Charen and by yours truly (at NewsBusters here and here; at BizzyBlog here and here). But unlike their comrades in most other cities and…

The Associated Press, in an unbylined article, had this to say about yesterday's Institute for Supply Management Non-Manufacturing Report (see first bullet below regarding the bolded words): U.S. Service Sector Expands Tuesday June 5, 11:20 AM EDT NEW YORK (AP) — The nation's service sector expanded at a faster-than-expected pace in May, suggesting it could help sustain broader economic growth…