Recession

Syndicated columnist Charles Krauthammer on Friday said one of those truly memorable lines he comes up with from time to time. Speaking about Barack Obama's decision to give his jobs creation plan before a joint session of Congress next week, Krauthammer told the host of PBS's "Inside Washington," "The same way the Federal Reserve is debasing our real currency he’s debasing the currency of…

Somebody better tell incoming MSNBC host Chris Hayes the network giving him his own show later this month doesn't cotton to commentators disrespecting President Obama. On Thursday's "The Last Word," Hayes told host Lawrence O'Donnell the current White House resident can't run his reelection campaign like Franklin Delano Roosevelt did in 1936 because FDR actually had a strong economic record…

Poor President Obama. There's only so much he can do to lift the economy. He's tried so much already, yet somehow it just hasn't worked. Now his options are limited by those darned Republican demands for "fiscal austerity" and a "tight debt ceiling" (of "only" $2.4 trillion) which was only raised by enough to get him through his reelection effort (in 14-1/2 months). This is the utter garbage…

In his Friday column ("Failing Forward"), published in Saturday's print edition, the New York Times's Charles Blow really blew it in attempting to relay an abortion-related statistic from the abortion-supportive Alan Guttmacher Institute. Blow wrote (shown here) that "the unintended pregnancy rate has jumped 50 percent since 1994." The Times has since corrected the column to reflect what the…

In "Ben Bernanke Embraces Obama's Reality-Based Presidency," Time's Michael Grunwald posited that Republican presidential contender Rick Perry is divorced from reality, especially when it comes to the best policies to fix the economy. Grunwald opened with snark...

Maybe AP stands for "Alternative Planet." In an early version of Julie Pace's coverage of President Obama's selection of Alan Krueger to be the next head of the White House Council of Economic Advisers, the following paragraph appeared (bolds are mine):

George Will and Donna Brazile had a telling exchange on ABC's "This Week" Sunday. After Will listed all the excuses President Obama makes for the poor economy, Brazile said, "I thought you were going to mention media" leading Will to smartly retort, "They're not his problem" (video follows with transcript and commentary):

Republican presidential candidates are meeting too many businessmen in their travels and too few unemployed folks or working-class wage earners, at least in the eyes of the Washington Post. Post staffer Philip Rucker lamented in his 23-paragraph August 25 story that in a recent "50-minute session" with voters in New Hampshire that former Gov. Mitt Romney (R-Mass.) -- who "is campaigning to be…

It often amazes that liberals in this country revere New York Times columnist Paul Krugman as being an expert economist. Take for example Friday's intellectually challenged piece entitled "Bernanke's Perry Problem" in which the Nobel laureate accused prominent Republicans such as the Texas governor and Wisconsin Congressman Paul Ryan of preventing the Federal Reserve chairman from enacting…

As NewsBusters reported, America's media last week gushed and fawned over billionaire Warren Buffett's call for higher taxes on the rich. On Monday, Harvey Golub, the former CEO of American Express, responded to the Oracle of Omaha in a Wall Street Journal op-ed that reveals a side of this tax story media refuse to share with the American people:

Economist Ben Stein had some harsh words for Republican presidential candidate Rick Perry on "CBS Sunday Morning." Responding to comments the Texas governor made earlier in the week concerning Federal Reserve Chairman Ben Bernanke, Stein said, "I hope he'll get some moderation in his speech, and some lessons in economics, and soon" (video follows with transcript and commentary):

As government spending supporters in the media press for a new, bolder stimulus plan to get the economy going, they love to refer to the Depression Era Hoover Dam as a shining moment in Keynesian economics. When this surfaced on ABC's "This Week" Sunday, George Will marvelously noted, "You couldn't build the Hoover Dam today because they'd discover a snail darter in the Colorado River and…

As NewsBusters has been reporting, the Obama-loving media have largely been gushing and fawning over the current White House resident taking a vacation on Martha's Vineyard as the economy appears to be heading into a double-dip recession. Giving an interesting insight into the President's decision to not call Congress back from its summer break to tackle the problems facing the nation was New…

Establishment press reporters will insist from now until the cows come home that they play it straight. Their actions all too often belie their claims. One such face-hitting example came yesterday in Associated Press reporter Chris Rugaber's coverage of the government's Regional and State Employment and Unemployment report. If it weren't already given away in this post's title, veteran media…