Recession

Democrats are at it again, claiming that Republicans, particularly House Republicans, are sabotaging the economy, while ignoring the quite effective job President Barack Obama has done to ruin the economy both on his own (regulatory and anti-fossil fuel hostility, wasteful green "investments," etc.) and with the help of Congressional Democrats when they controlled both Houses of Congress (…

Appearing as a panel member on Sunday's Face the Nation on CBS, Time magazine's Rana Foroohar - identified as assistant managing editor in charge of economics and business on Time's Web site - lamented that she was "sad" at how much taxes are being discussed as she asserted that "one thing that's not going to get us some kind of a growth boom is a tax cut," and then called for more government…

Syndicated columnist Charles Krauthammer said Monday that President Obama's proposal to extend the Bush tax cuts for everyone making under $250,000 a year represents a critical white flag. Appearing on Fox News's Special Report, Krauthammer said, "It’s a declaration that he’s surrendered on the state of the economy and on the issue of his stewardship of it."

On Friday's The Ed Show, MSNBC analyst Richard Wolffe - formerly of Newsweek - compared Mitt Romney's economic plan to a "pre-9/11" mentality as he went along with substitute host Michael Eric Dyson's complaint that Republicans are being "clearly obstuctionist" against President Obama's economic agenda. Dyson asked the question:

Liberal media's love for higher taxes is a thing of legends. On Inside Washington Friday, PBS's perpetually pandering pundit Mark Shields told viewers that since 1991, "21 years, Republicans have not voted for a single broad-based tax increase, and that’s become the theology of the party, the ideology of the party, the definition of the party, and that is irresponsible" (video follows with…

It might sound ridiculous, but Time magazine writer Michael Crowley actually grumbled in an article on Monday that the GOP presidential candidate is “One-Note Mitt” Romney, whose campaign defines this year's election as merely “a referendum on Obama's handling of the economy.” The author then noted that with “almost comical discipline,” Romney “steers virtually every topic” back to the…

The Associated Press's Christopher Rugaber was in mischaracterization mode again today in his coverage of the Business Roundtable's quarterly economic outlook release. After duly noting that the percentage of big company CEOs planning to add workers and purchase additional capital equipment over the next six months had declined (from 42% to 36% and from 48% to 43%, respectively), Rugaber…

During the 1980s, despite data which even then was telling them they were wrong, it became a mantra of a desperate establishment press that the booming economy under Ronald Reagan really wasn't that impressive because so many of the new jobs created were part-time or temporary. The data was not then readily available for temps, but it certainly was for part-time vs. full-time employment. It…

We at NewsBusters have been calling MSNBC's Chris Matthews a sycophant for Barack Obama since at least February 2008 when the so-called journalist bragged on the air about getting a thrill up his leg at the sound of the former junior senator from Illinois' voice. It was therefore quite pleasing to hear former Republican National Committee chairman Michael Steele tell the Hardball host that to…

In an interview with Republican Pennsylvania Senator Pat Toomey on her Tuesday MSNBC show, host Andrea Mitchell attempted to use a new Federal Reserve report showing massive wealth loss for the American middle class to promote President Obama's agenda: "Does that, in fact, justify what the President has been saying...about the need for more help and the need for more stimulus?" Toomey…

A new economic report from the Federal Reserve doesn't offer much hope. On the front page of The Washington Post,  Ylan Q. Mui underlined "the Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992."    Furthermore, "the data represent[s] one of…

President Obama made quite a gaffe Friday when just one week after the Labor Department announced horrid jobs numbers for May, he claimed "the private sector is doing fine." Appearing on CBS's This Morning Monday, New York Times columnist and unashamed Obama shill Paul Krugman covered for the current White House resident saying, "He screwed up the line" (video follows with transcribed…

The $82 billion auto bailout has been a Crony Socialist nightmare mess. We’re going to lose at least $30 billion on the deal.  And that’s only if the Barack Obama Administration’s math can be trusted - a dicey proposition at best. The Administration eviscerated two hundred-plus years of bankruptcy law, throwing bond holders over the side to over-reward their United Auto Workers shock force…

Fareed Zakaria on Sunday actually asked former Obama Chief of Staff Rahm Emanuel if the president should "run a campaign against a do-nothing Republican Congress." Such actually transpired on CNN's Fareed Zakaria GPS, a program hysterically presented by the so-called "Most Trusted Name In News" (video follows with transcript and commentary):