Recession

Saturday's New York Times front-page story by Shaila Dewan from Columbia, S.C., was a hostile profile of the state's conservative Republican Gov. Mark Sanford, who has been unpopular on the Times news pages ever since he dared challenge Barack Obama's expensive spending ideas.Dewan mocked Sanford's "extreme" frugality (an odd thing to make fun of in these recessionary times) in "Rejecting Aid,…

Although CNBC "Mad Money" host Jim Cramer has backed off his hyperbolic attacks on President Barack Obama ever since his "Daily Show" appearance, he's shown that he's not afraid to take on the Democratic-controlled Congress. So, to give credit where credit is due, the "Mad Money" host dedicated an entire segment to the Employee Free Choice Act, aka card check and how its passage by Congress…

No one can accuse News Corp. CEO Rupert Murdoch of being an economic cheerleader, despite his net worth of $4 billion according to Forbes magazine. In an interview with Fox News Channel and Fox Business Network anchor Neil Cavuto on April 2, Murdoch was not hopeful the financial markets would recover their value within the next 12 months. "Look, I'm not a market expert," Murdoch said. "I would…

For the second time in a week, CNBC's Rick Santelli faced down one of the standard-bearers of liberalism.First, he explained to Huffington Post editor and founder Arianna Huffington on the March 31 "Squawk Box" that markets are more efficient in correcting economic hardship, in the banking and housing sectors. On CNBC's April 3 "The Call," Santelli took on University of California at Berkeley…

It came and went - and some might not have even noticed it - despite the seriousness of its use. On April 2, CNBC's Jim Cramer proclaimed the Depression over. Throughout that day, the "Mad Money" host told viewers of MSNBC's "Morning Joe," CNBC's "Street Signs" and finally on his own program that the Depression was over and that we were on the verge of a bull run for the financial markets. "We…

[UPDATE, 6:45PM ET: For those who only lightly skimmed or otherwise did not notice earlier, this is an April Fools Day edition of Notable Quotables. All of the quotes were made up by various MRC staffers. I hope you enjoyed the parody.] For those of you who enjoy reading MRC’s Notable Quotables newsletter, featuring the most outrageous (and sometimes humorous) quotes in the liberal media, our…

Just a few short months ago, New York Times' liberal economics columnist Paul Krugman had high hopes for new President Obama and urged him to act like "Franklin Delano" Roosevelt.But even the billions of dollars in government spending to fix the financial crisis, efforts to limit executive compensation and the recent ouster of General Motors CEO haven't pacified Krugman.According to Newsweek's…

File this one under Liberal Guilt Syndrome.In the second hour of MSNBC’s “Morning Joe”, correspondent Savannah Guthrie gave a live report on the upcoming G-20 summit from London. This was a fairly straightforward report, hitting on issues that the major parties were interested in hammering out – the French want more financial regulation, for example. And then, at the very end of the report,…

Should the voters in St. Louis feel guilty? If you're a CNN viewer, you would assume so.  A segment that aired on CNN's March 29 "State of the Union" looked at some of the cutbacks that will go in effect on March 30 to the St. Louis bus and light rail systems. "Metro faces a more than $50 million budget gap, two dozen bus routes are being eliminated, others shortened or put on less frequent…

It is one thing - as Rush Limbaugh has been vilified for - to say you have a desire for the president to fail, but what about accusing the president of wanting his own policies to fail? That's what Fox News Channel's Dick Morris said on the March 25 broadcast of "Your World with Neil Cavuto." According to Morris, those who are criticizing Obama for his spending, including Daniel Hannan, who…

On Wednesday’s Countdown show, the duo of MSNBC host Keith Olbermann and new CNBC contributor Howard Dean delivered a gem of both double standard and apparent amnesia as both generalized about the inappropriateness of calling any President a "fascist." As Dean was interviewed by Olbermann, who famously called President Bush a "fascist" in a "Special Comment" rant last year which was even picked…

The AP is reporting on a near avalanche of newspapers that are either closing down their print operations or making severe cuts. Apparently things aren't looking up for old media:The pall looming over U.S. newspapers grew even darker Monday as Gannett Co. informed most of its employees that they will have to take another week of unpaid leave this spring, while a Michigan daily unveiled plans to…

Talk about unintended consequences. All this populist anger ginned up by congressional Democrats, the media and the Obama administration is going to hinder the Treasury Department's strategy to rescue the banking system. Paul Krugman, the liberal New York Times columnist and winner of the 2008 Nobel Prize in economics explained to Bloomberg News on March 24 that this is just what is happening…

Perhaps this post could be headlined "CNBC Continues to Atone for Its Outspoken Obama Criticism." As if announcing Democratic National Committee chairman and former Vermont Gov. Howard Dean as a "CNBC contributor" weren't enough, CNBC has invited the editor in chief of one of the its biggest critics to guest co-host one of CNBC's most popular shows. Originally reported in a status update from…