Taxes

Wednesday's CBS This Morning played up the supposedly gargantuan cuts in government spending that would go into the effect if the sequester goes into effect on March 1. Charlie Rose trumpeted the "massive spending cuts" set to take effect, while Gayle King underlined that the "deep automatic spending cuts" were quickly approaching. But neither anchor pointed out that $85 billion in cuts come…

It appears not everyone in America is as enthralled with Barack Obama's economic policies as his fans in the media. When NBC Tonight Show host Jay Leno made a joke about the president not understanding economics, the studio audience cheered, applauded, and whistled (video follows with transcript and commentary):

MSNBC's Chris Matthews is starting to get completely unhinged. On Tuesday's Hardball, he accused Republicans of using "Cold War CIA tactics to destabilize our own country" (video follows with transcript and commentary):

Syndicated columnist George Will appears all for Congress allowing sequestration to reduce spending on March 1. Appearing on ABC's This Week Sunday, Will said it would be appropriate given the "utter contempt with which Washington treats taxpayers' money."

Last night in his State of the Union speech, President Barack Obama claimed: "Nothing I'm proposing tonight should increase our deficit by a single dime." Even considering the inclusion of "should" as a wiggle word, that's a laughable claim. Politico's Glenn Thrush is one among what will surely turn out to be a legion of pundits and reporters who will ignore Obama's deficit promise while…

Senator Marco Rubio (R-Fl.) gave the Republican response to the President's State of the Union address Tuesday, and not surprisingly, he came out swinging. Maybe his best comment was, "Mr. President, I don’t oppose your plans because I want to protect the rich. I oppose your plans because I want to protect my neighbors."

Dr. Ben Carson has received little coverage in traditional media outlets for a speech he gave last Thursday at a prayer breakfast in which he advocated a flat tax and health savings accounts to improve the American economy and the health care system, respectively. The little attention he has gotten has been negative, with the media indignant that the world renowned neurosurgeon dared to "…

Congressman Charles Rangel (D-N.Y.) and Fox News's Sean Hannity had a very entertaining debate about taxes Monday evening. When Hannity told the Congressman he pays 60 cents in taxes on every dollar he makes, Rangel said, "It means that you need yourself a good accountant" leading Hannity to marvelously reply, "Charlie, if I used your accountant I'd be on the verge of getting in trouble in…

Despite his awful track record and penchant for making stuff up when it fits his agenda, New York Times columnist Paul Krugman is one of the liberal media's most beloved economic darlings. That's why it was quite a shock to see former Newsweek editor Evan Thomas slam him on PBS's Inside Washington Friday (video follows with transcript and commentary):

It wasn’t the embarrassing kiss-up debacle CBS’s Steve Kroft delivered a week ago from the White House, but CBS Evening News anchor Scott Pelley, in his late afternoon pre-Super Bowl sit down with Barack Obama, hardly tackled the President. He cued him up to elaborate on allowing women in combat and gays to take part in the Boy Scouts, in between prompting Obama to explain why tax revenue…

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…

Over the past few years, Paul Krugman has become known as one of the most rabid leftists prominent in the national political scene. He is, as George Will once described him, famous for believing that anyone who disagrees with him is “a knave or corrupt or a corrupt knave.” What you may not know, however, is that that the very angry leftist New York Times columnist has actually diverged quite…

Yesterday (at NewsBusters; at BizzyBlog), reacting to a disgracefully biased January 27 report by Andrew Taylor at the Associated Press, aka the Administration's Press, on the "no budget, no pay" provision in debt-ceiling legislation passed by the House, I wrote that "Taylor’s report is historically bad ... Sadly, I believe AP can do much worse during the next several years — and probably will…

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.