Economy

The New Republic’s senior editor Jonathan Chait wrote an interesting op-ed on Sunday determined to prove that President Bush’s tax cuts in 2001 and 2003 haven’t resulted in increased tax revenues (hat tip to Dave Pierre), while also attempting to make the case that tax hikes are better fiscal policy. The article’s title was “Bush’s Silly Budget Logic,” which is quite apropos given the fuzzy math…

Those of us that study the economy and how it is reported by the drive-by media are constantly amazed by how those covering financial issues continually misrepresent statistics to advance their agenda. No finer recent example has occurred than on “The Chris Matthews Show” Sunday when the host bemoaned new highs set by the Dow Jones Industrial Average last week as not accurately reflecting what is…

Air America is grasping for straws in some mighty odd places. A mass email from Air America host Thom Hartmann today touts the parallels between the plight of the bankrupt left-wing radio network and, of all things, Fox News Channel [FNC] and the Washington Times.Excerpts:"There are times when doing the profitable thing is also doing the right thing. That's certainly what Roger Ailes and Rupert…

NewsBusters publisher Brent Bozell, President of the Media Research Center, appeared Monday on CNBC's "Kudlow and Company" where he discussed how the media are misreporting the economy.The segment, in which Bozell appeared with Mark Weisbrot of the Center for Economic and Policy Research, was prompted by a new Special Report study from the MRC's Business & Media Institute, "Bad News Bears:…

ABC anchor Charles Gibson doesn't have much of a nose for business it appears. In an interview with Philadelphia Inquirer reporter Gail Shister, he asserts that if the broadcast networks stopped running advertisements for products that target older viewers (denture cleaners, medication, etc.) and started running ads for products younger viewers like (cars, vacations, etc.) the younger folks…