Recession

60 Minutes on Sunday did an absolutely touching segment about homeless people living in cars and trucks in Florida. One such unfortunate soul was Arielle Metzger, a 15-year-old girl with more self-confidence and pride than those carping and whining about what they're supposedly entitled to in Occupy encampments around the country (video follows with transcript and commentary):

President Obama's various remarks at the Asia-Pacific Economic Cooperation CEO business summit in Honolulu over the weekend show he is simply incapable of growing in office. In just a few short statements, we saw many of the familiar practices through which he has alienated such a large percentage of the American people and damaged the economy. Away from his teleprompter, he treated us to…

The European Union might completely fall apart any day now as the countries in that region implode under their massive debt. Despite this, CNN's Fareed Zakaria offered another America-hating love letter to the struggling continent Sunday actually claiming, "The American dream seems to be thriving in Europe not at home" (video follows with transcript and commentary):

It's truly delicious when the outfit which calls itself the Essential Global News Network essentially admits that a certain economic theory which begins with a "K" has become such an undesirable word -- almost an epithet -- that it avoids its mention. That was the case with a pathetic critique of GOP candidates' economic plans written up by the wire service's Charles Babington on Sunday. When…

The easy catch in former Obama administration economic adviser Austan Goolsbee's Thursday interview on MSNBC's "Morning Joe," as reported by the Politico's Tim Mak, is that he believes that "if given a second chance he would not have backed the Cash for Clunkers program or the home buyer tax credit." Goolsbee's excuse for his changed position -- that the administration didn't think the recovery…

UPDATE, 4 p.m.: NB gets results? The Lowe's story is currently #10 on the AP's Business home page (saved here). It's a good thing I heard this on the radio at about 11:00 a.m., because I might otherwise have missed it. With yours truly's opinion along for the ride, I'll let readers judge whether the news of the Lowe's home improvement chain announcing that it will close 20 stores and cut its…

On Friday's Inside Washington on PBS, regular panel member Nina Totenberg of NPR incorrectly claimed that the "top tenth of one percent" of income earners in America "controls something like 20 or 30 percent" of the nation's income, and went on to characterize the economic situation as being worse than it has been in "hundreds of years," as she suggested income gaps were at a level that "people…

Just how far are the media willing to go to get Barack Obama reelected? As conservative author Ann Coulter told Fox News's Sean Hannity Friday evening, "He will have the entire mainstream media bucking for him and they will lie about the economy. 'Oh, it's a turnaround, don't stop him now'" (video follows with transcript and commentary):

NewsBusters on Wednesday shared a list of the top ten richest celebrities that have so far expressed their support for the Occupy Wall Street movement. Currently in ninth place is actor Tim Robbins who recently told protesters, "You can't rip people off that long and expect to get away with it," (video follows with transcript and commentary):

Former House Speaker Newt Gingrich during Tuesday's Republican presidential debate once again went after one of his favorite targets - the media. In response to a question about the Occupy Wall Street protests, Gingrich said, "Everybody in the media who wants to go after the business community ought to start by going after the politicians who have been at the heart of the sickness which is…

Yesterday, in a different post about long-term unemployment, I wrote: "Of all the reality-denying aspects of Obama administration press coverage, the usually implicit but occasionally explicit assertion that he and his people are just helpless bystanders in an economic calamiity is easily among the most annoying." Bloomberg's Mike Dorning triggered the annoyance meter today with an "analysis…

Many right-thinking Americans have been wondering when Obama-loving news outlets would notice that even Democrats don't support the president's new jobs bill. On Monday, the truth came from a surprising source - the Associated Press:

As shown in Part 1, this afternoon's report on long-term unemployment at the Associated Press by Sam Hananel attempted to create the impression but provided no actual evidence for the notion that complaints by many who have been unemployed for an extended time period that many employers are reluctant to consider and sometimes even refuse to consider their employment inquiries and applications…

Barack Obama took a lot of heat last week for saying America has "gotten a little soft." Not from Fareed Zakaria who when not advising the president on foreign policy acts as one of his propaganda czars every Sunday on CNN (video follows with transcript and commentary):