Economy

The latest issue of Newsweek featured an almost 4,000 word article – written by Evan Thomas and Richard Wolffe, with assistance from Holly Bailey, Daniel Klaidman, Eleanor Clift, Michael Hirsh and John Barry – that painted a pretty bleak picture of President Bush as possibly being “the most isolated president in modern history.” The authors referred to Bush as being in a “bubble” that blocks out…

A recent report  published by the Gallup Organization stated: “a majority of U.S. investors continue to describe the current economy as being ‘in a slowdown’ or ‘recession’ as opposed to being ‘in a recovery’ or ‘sustained expansion.’” Regardless of continuously strong economic reports, such bearish assessments have been regularly portrayed by public opinion polls for several years. During this…

“I know, Dan, the President’s giving a speech on the economy coming up, but there are people, including Alan Greenspan of the Fed, and also the GAO, the top auditor in the country, who have said with these deficits, these mounting deficits, it is simply hard to look at this economy as anything but on thin ice, no matter what. No new taxes?” -- Good Morning America's Diane Sawyer to Dan Bartlett,…

The media’s pessimistic holiday shopping forecasts fail to register with reality.Don't miss my latest at the Free Market Project:  Contrary to the media’s pessimistic forecasts for the Christmas shopping season reported by the Free Market Project in late October, strong retail sales this Thanksgiving weekend got the annual end-of-the-year buying bonanza off to a bang. In fact, the economic data…

Don't miss my latest writing for the Free Market Project: Media claims about a “housing bubble” are nothing new. Since before the 9/11 terror attacks, the media have been calling the housing market a “bubble” while predicting an imminent, devastating decline. Not only have they been wrong in forecasting such a top, they have thoroughly mischaracterized what an investment bubble is. Now that the…

You've come to Newsbusters because you want to see a concrete example of liberal bias. Who delivers that better than the New York Times? This is reality. We're 4 years out from the worst attack since Pearl Harbor, post dot-com crash, we've had more hurricanes than any year since some old man first started keeping track, and we just about had a major U.S. city -- an economically important city…

Strong "Black Friday" showings across America were given short shrift by the Washington Post this "Cyber Monday" which buried the story in a four-paragraph blurb on page A10 in the District and Maryland home edition. But not only were the numbers good in comparison to last year, they far surprassed the expectations of the National Retail Federation (NRF), the industry group which analyzes and…

For those who missed it, the Federal Open Market Committee released minutes from its November 1 meeting on Tuesday, and the stock market rallied as a result. Yet, depending upon which Associated Press story you read, you were either elated or despondent. For instance, the AP’s Michael J. Martinez began his report: “Stocks extended their rally yesterday after the Fed's latest take on the economy…