Investor's Business Daily
When 2020 Democratic presidential candidate and Senator Elizabeth Warren first proposed an annual wealth tax, she claimed it would be just “a little piece,” “a little portion” of the “bazillion” they’ve made.New evidence from her own economists revealed that her constitutionally-challenged two percent (or higher) annual wealth tax would take far more than a little. Try half or more.
Jobs growth has been one of the brightest economic growth points under President Donald Trump’s administration. Even the year after many economists anticipated the U.S. was “at or near” full employment, monthly jobs gains continued to add up.
What hasn’t added up is the evening news shows giving the president or his policies credit for helping spur that jobs boom.
An obviously agenda-driven report on extreme poverty from the Office of the United Nations High Commissioner for Human Rights accuses the U.S. under the Trump administration of, in the UN group's words, "becoming a champion of inequality." It also claims that, because of its policies, "the American dream is rapidly becoming the American illusion." As one might expect, many the press have eagerly relayed the UN group's Trump-blaming findings, even though the statistics undergirding the UN group's efforts predate Donald Trump's inauguration.
On Sunday's Fox & Friends, House Intelligence Committee Chairman Devin Nunes assessed that committee's Democratic minority memo issued Saturday in response to the Republican memo published in early February as "scary." He also had harsh words for the establishment press, which has dishonestly pretended that the Dems' memo refutes the GOP's effort: "The media in this country is dead."
There's a lot of competition for this dubious distinction, but the media's treatment of President Donald Trump's decision to end certain Obamacare subsidy payments to insurance companies is perhaps the most blatant example of comprehensive bias on a single topic seen during the past week. Apparently, the press realizes that acknowledging how Trump's justification for ending the subsidies is airtight on a legal and constitutional basis would force them to admit that the Obama administration's payment of those subsidies for several years was illegal — and we can't have that. The worst offender in this regard was the Associated Press.
A new poll released on Monday by Investor’s Business Daily reported that a firm majority of American’s have not only become “weary” of seeing the media’s negative Trump coverage, but also that the liberal media have been cemented as the “opposition party” to Trump.
An attempt by the Associated Press to smear Tom Price, nominated by Donald Trump as the next HHS Secretary, began Wednesday after the opening round of a Senate committee hearing. As of this writing, the wire service is up to its third such entry. The misleading reporting and hostility have increased with each dispatch.
Obama administration officials, their designated flacks, and even President Barack Obama himself have spent the past several days defending the Affordable Care Act, aka Obamacare. Tuesday afternoon, Health & Human Services Secretary Sylvia Burwell visited CNN's Wolf Blitzer, who simply let his guest say what she wanted to without answering his questions, spouting half-truths and falsehoods in the process.
Never let it be said that the folks at the Associated Press aren't on top of the news, making sure that readers as well as subscribers who use AP copy in their radio and TV broadcasts learn the most important developments of the day.
That's sarcasm, folks. Friday evening, in a story primarily about the FBI's grant of immunity to longtime Hillary Clinton assistant Cheryl Mills, the AP's Michael Biesecker blandly informed readers — in Paragraph 22 of 25 — that, in regards to her illegal and improperly secured private server, "The new FBI documents (released Friday) also reveal that Clinton occasionally exchanged messages with President Barack Obama, who used a pseudonymous email address." That's it. Nothing unusual here. Now move along.
"Firsts" — first man on the moon, first black president, first state to legalize something which was previously a crime, etc. — are supposed to be a big deal, right?
Tuesday evening, the Houston Chronicle reported a first in the entire history of organized labor in the U.S., and the national press is ignoring it. That's likely because it's really bad news for Big Labor. The jury verdict in a lawsuit filed by PJS Janitorial Services against the Service Employees International Union (SEIU) represents "the first time that a jury has found against a union in a business defamation or disparagement case."
Tuesday morning, Fox Business's Stuart Varney appeared on Fox News Channel's Fox & Friends program to discuss what he called the "terminal decline" in the financial viability and even availability of health plans being provided under the Affordable Care Act, aka Obamacare.
Brian Kilmeade called it "the most under-reported major story in the country by far." A Friday Investors Business Daily editorial described the situation as a "market meltdown," and further noted that the Obama administration is putting a happy face on huge rate hikes by reassuring us that higher subsidies, i.e., more tax dollars, will cover the increases most customers see.
After 52 percent of voters in Great Britain cast their ballots in favor of leaving the European Union on June 23, financial commentators around the world, particularly in the U.S., predicted ugly economic tidings for the UK.
People who swallowed the gloom and doom whole must have been especially surprised early Friday morning when Bloomberg News published a piece headlined "Pro-Leave Economists Can Smell Vindication." Keeping hope for bad news alive, the caption underneath the piece's accompanying video reads, "Brexit Effect Missing So Far From U.K. Economic Data." Sorry, guys, it isn't just that bad news is missing. It's that the news out of the UK has been very good — "unexpectedly," of course.