Not News: Mediocre Economy Has Cost Americans Thousands Each

October 31st, 2015 10:47 PM
On Thursday, the government reported that the nation's economy turned in yet another quarter of poor economic performance, estimating that its gross domestic product grew at an annual rate of 1.5 percent in the third quarter. The business press almost universally downplayed the news, and told readers that the fourth quarter will be better. No one talked about how much the tepid growth of the…

AP Story Fails to Tag NY Co-op's Crackup As an Obamacare Failure

October 31st, 2015 9:17 PM
Many of the state cooperative health insurers, or "co-ops," set up under the provisions of the Affordable Care Act, aka Obamacare, have gotten into serious financial trouble quite quickly. Almost half have cracked up completely. Specifically, as noted at Forbes.com on Thursday morning, "[O]f the 24 Obamacare co-ops funded with federal tax dollars, one (Vermont’s) never got approval to sell…

Blogger Kevin Drum: ‘Virtually No Scandal’ In Obama White House

October 31st, 2015 6:34 PM
Even though Mother Jones blogger Kevin Drum describes Charles Krauthammer as a “hardcore conservative,” he suggested in a Friday post that Krauthammer is too enlightened to be on the same page as most right-wingers regarding Obama White House scandals. When Krauthammer argued recently against the effort to impeach IRS commissioner John Koskinen, he commented that on matters including the IRS/Tea…

Reuters Report on Weak Personal Spending Has Key Errors and Omissions

October 30th, 2015 2:12 PM
The government's Personal Income and Outlays report for September bore more evidence of a slowing economy. Consumer spending rose by only 0.1 percent, trailing expectations of 0.2 percent. That's troubling news, given that the optimists believe that strong consumer spending will supposedly drive stronger fourth-quarter economic growth. Lucia Mutikani's coverage at Reuters made a common error in…

Childish CNBC Rates Grade Level of GOP Candidates' Speech Patterns

October 29th, 2015 3:50 PM
It would appear that CNBC isn't going to take the criticism of its debate panelists' awful conduct last night lying down. In what appears to be an all too predictable immature response to the dressing-downs several Republican presidential candidates administered to certain of their moderators as a result of their juvenile behavior and insulting questions — particularly John Harwood and Carl …
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CNBC’s Harwood Declares Obama’s Economy Is ‘Strongest in the World'

October 28th, 2015 7:24 PM
Continuing to come unhinged and flash his liberal colors in the first CNBC Republican presidential debate on Wednesday, co-moderator John Harwood pontificated that President Obama has made the United States economy “the strongest in the world.”
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David Corn on Ben Carson: 'There Are Serious Issues About His Faith'

October 27th, 2015 7:51 PM
David Corn claims that there are "serious issues" about Ben Carson's Seventh Day Adventism faith. Great point, David. After all, for twenty years, Carson sat in the pews of a preacher who spewed "God damn America" hatred, a pastor that Carson chose to officiate his marriage and baptize his children. Oh, wait: that wasn't Carson. It was Barack Obama, who chose Jeremiah "Chickens Coming Home to…

AP Story on Awful Durable Goods Report Goes Quickly Into Hiding

October 27th, 2015 3:08 PM
If you're a few hours late catching up on reports on economic data at the Associated Press, one of the best ways to determine whether the news was good or disappointing is to see whether the story's headline and opening blurb are still present about four hours later among the wire service's "Top (usually 10) Business News" items. The good-news items will usually still be there; the disappointing…
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Watch Out for Shenanigans! CNBC Debate Moderator's Most Biased Moments

October 27th, 2015 1:46 PM
The RNC may regret its approval of John Harwood as lead moderator for Wednesday night’s GOP presidential debate on CNBC if recent history is any guide. The CNBC anchor and New York Times columnist admitted he and a producer helped make Rick Perry’s infamous “oops” moment even worse.

Coverage of UAW-GM Tentative Agreement Perpetuates 'Concessions' Myth

October 26th, 2015 11:28 AM
Late Sunday evening, the United Auto Workers and General Motors reached a tentative four-year agreement shortly before the union's 11:59 p.m. strike deadline. The agreement was expected, simply because the financial and political blowback of a strike at a company bailed out by taxpayers at a cost running into tens of billion of dollars back in 2009 would have been severe. Also expected: the…
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Sharpton Shuts Down Republican Saying Hillary Lied About Benghazi

October 25th, 2015 9:04 AM
Talk about an inconvenient truth . . . Don't know if we've ever witnessed such a blatant suppression of facts--even on MSNBC. Republican strategist Jessica Proud was a guest this morning on Al Sharpton's MSNBC show, which has been turfed out of its weekday slot and relegated to the early Sunday-morning wilderness. When discussion turned to the Benghazi hearing, Proud pointed out that Hillary,…

Trudeaumania Part Deux Grips the Associated Press

October 23rd, 2015 1:02 AM
The folks at the Associated Press aren't even trying to disguise how pleased they are after Canada's most recent elections swept the Liberal Party into power after almost a decade in the wilderness. They're claiming that victorious Prime Minister Justin Trudeau seems destined to ignite the second installment of "Trudeaumania," the late-1960s press anointing which accompanied his father Pierre…

NY Times Finds Employees Saying 'No' to Insurance Despite Obamacare

Business
October 22nd, 2015 3:44 PM
Ten months after the bureaucratic nightmare Obamacare was passed, there is even more evidence of its failure to live up to the promises made about it. Just like you can lead a horse to water but not force him to drink, you can make employers offer insurance, but you can’t force their employees to buy it. The media promoted the Affordable Care Act, but one liberal paper is now admitting another…
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CNN Gushes Over Biden's 'Fitting Sign-Off' in Deciding Not to Run

October 21st, 2015 2:13 PM
CNN's Jim Acosta sang Vice President Joe Biden's praises on Wednesday's Legal View, mere moments after the Democrat announced that he was not running for president: "It was extraordinary political theater to be out here...it was unbelievable to see us all called together at the very last minute to witness what we just saw. But, in many ways, it was a kind of a fitting sign-off for this vice…