Recession

Darn that economy. Why won't it behave? Doesn't it realize that Barack Obama has more important things to do than worry about its health and well-being? That's the tone I get from a story headline at the Associated Press, aka the Administration's Press, about how "ECONOMIC JITTERS COMPETE WITH OBAMA AGENDA." The poor guy; he has to pay attention to something he must have thought he could keep…

Economic activity in the U.S., turned negative in the fourth quarter of 2012 according to the Commerce Department, just one day after a huge drop in consumer confidence was announced. This took the media entirely by surprise. It was the first time the economy went into negative territory since the recession ended. But this significant report was completely ignored by NBC “Nightly News,”…

Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year. "We are now Europe," he declared on CNBC's Squawk Box.

ABC and CNN contributor Donna Brazile - posing as one of Barack Obama's trusted defenders in the media like she always does! - got a much-needed education Sunday about the President's profligate spending. Countering Brazile's propaganda on ABC's This Week, George Will said, "A dollar spent on A cannot be spent on B...This is our future. We're going to be an assisted living home with an Army.…

A week ago, Associated Press reporters and their articles' headlines described the nation's job market in positive terms. An early a.m. report on Janaury carried this headline: "U.S. job market resilient despite budget fight." Later that same morning, just before the government's release of that day's employment report, there was this: "Jobs report expected to show underlying economic strength…

Here’s something I bet you thought you’d never see at the perilously liberal Huffington Post. In a Dean Baker article published Tuesday with the astonishing title “There Is No Santa Claus and Bill Clinton Was Not an Economic Savior,” the second sentence read, “Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals,…

Back in the days when journalists practiced journalism, they would be on the alert for record-breaking news, whether positive or negative. These days, at least when it comes to the economy, it seems that they struggle to find positive records and ignore obvious negative ones right in front of their faces. A case in point is today's Associated Press report on November's Monthly Treasury…

Tuesday's CBS This Morning played up the union-led protests against a proposed right-to-work law in Michigan. Elaine Quijano claimed "the protests here in Michigan...[will] likely only get bigger." Quijano added that "they're planning to return today in record numbers - protesters determined to defend one of the biggest union strongholds in the country." The correspondent loaded her report…

As Colonel Kurtz said at the end of Apocalypse Now: “the horror, the horror.”  That sentiment encapsulated New York Times Republican David Brooks and syndicated columnist Mark Shields’ reactions to the rejection of the UN treaty on the rights of the disabled in the Senate last week.  Brooks called it “embarrassment for the country” – while Shields called it “a profile in cowardice.”  Regardless…

Former Speaker of the House Newt Gingrich on Sunday gave Lawrence O'Donnell a much-needed education on the economic impact of the Bill Clinton tax hikes in the '90s. As O'Donnell precipitated the exchange, he perfectly demonstrated why MSNBC commentators are far too liberally biased to be invited on NBC's Meet the Press (video follows with transcript and commentary):

Where’s my bacon, Obama?  That's the attitude of Councilwoman JoAnn Watson, who said that in appreciation for Detroit having voted for the president, Obama should bail out the financially insolvent. In fact, Watson says, “that’s what you do” when your friends help you out.  Alas, the country sees the incompetence and the entitlement that has ruined Detroit.  Just because you helped get the…

During the December 4 edition of the PBS NewsHour, anchor Gwen Ifill decided to give a lofty eight minute and forty second interview to Obama cheerleader and Nobel laureate Paul Krugman so he can try to convince us that the fiscal cliff isn’t that big of a deal.  Of course, in his estimation, Democratic proposals for higher taxes and higher spending were serious, while Republican alternatives…

Actor and activist Ed Asner is the narrator of a new video called “Tax the Rich: An Animated Fairy Tale.” It was produced by the California Federation of Teachers (video follows with transcribed highlights and commentary):

Deck the halls! The Obamas were Christmas shopping on "Small Business Saturday," and spurring economic growth with their consumer spending.  Economic activity that may come to an abrupt end if we take the plunge off the fiscal cliff. CBSNews.com reporter Lindsey Boerma wrote on November 24 about the outing detailing how, “accompanied by his daughters Sasha and Malia, the president journeyed…