Economy

Two days before Democrats open the new Congress in the majority, CNN business reporter Ali Velshi echoed their liberal talking points on the minimum wage.See my story here. Liberal activists and Democratic spokesmen are quick to argue that the minimum wage is too low and unfair. But on the January 2 “American Morning,” that argument came from a CNN business reporter.While CNN’s Ali Velshi did…

I considered making Paul Krugman's column, "Helping the Poor, the British Way", my subject of this Christmas Day. I even had a snappy headline sussed out: "Let It Snow Socialism". But when it comes to using the message of the day to berate the United States, Krugman can't hold a Christmas candle to James Carroll of the Boston Globe.Krugman took a glancing shot: "It’s the season for…

A rather extraordinary conclusion was reached by members of the panel on Sunday’s “The Chris Matthews Show” – the economy is strong. What makes this so earth shattering? Well, because the host prior to the elections – which, by the way, were only about seven weeks ago – regularly talked about how badly the economy was doing, and didn’t challenge those espousing similarly bearish viewpoints. Yet,…

Last year, I sensed that journalists in general prefer to call this time of the year in commerce that of "holiday shopping" instead of "Christmas shopping," but that when it came to people losing their jobs, they preferred to describe layoffs as relating to "Christmas."My instincts were proven correct, as you can see below from the results of three different sets of Google News searches in…

The Boston Globe can't put two and two together on immigration. Just last week it wrung its editorial hands over the fact that illegal immigrants are taking jobs away from. But naturally it didn't make the logical connection and call for a crackdown on illegal immigration. Then today, the paper lends its pages to a union official who, when it comes to illegals, sees only employers, with nary…

It goes without saying that if you're the Commander-in-Chief, among the first people whose criticism you'd want to take into account would be . . . Hollywood movie stars. At least, that would seem to be Chris Matthews's opinion.Have a look at this video clip from this afternoon's Hardball.The specific object of Chris's ire was the president's suggestion at his press conference today that…

When Santa came to Wall Street this year, the media cried and pouted.     With the Dow Jones Industrial Average at an all-time high and commodities markets experiencing one of their best years in decades, Wall Street firms were feeling especially merry this year. The media responded as if they had seen Jacob Marley’s ghost.NBC’s John Seigenthaler gloomily downplayed Wall Streeters’ good fortunes…

As noted in a Wednesday subscription-only editorial, Nancy Pelosi already has the steeply progressive tax system Democrats want: The Top 1% Pay 35% Maybe our liberal friends are onto something. They keep saying the rich should pay more taxes, and it turns out the rich already are! That's one of the valuable lessons from the IRS's annual study of income tax data, just released for 2004.…