With the sequester looming, the impending budget cuts have got the left screaming the end of the world is just around the corner. In a blog published on Feb. 27, co-founder, CEO, and Editor-in-Chief Henry Blodget predicted that our economy was “crappy” because of cutting back government spending. He also posed that this was the problem with European countries like Greece and England.
The problem, according to Blodget is that “we reduce economic growth” which then will “put more people out of work” when there are government spending cuts. Oddly absent from this article was any mention of how increased taxes affect businesses and consumer spending.
Yesterday at the Associated Press, aka the Administration's Press, the headline at reporter Jim Kuhnhenn's story on President Obama's latest excuse to add more bureaucrats to the government payroll ("Obama wants to target oil market manipulation") presupposed the existence of oil market manipulation when none has been proven. In 850 words, he didn't find any space for critics of the move, who include the Daily Ticker's Henry Blodget, CEO of Business Insider, using descriptions like "embarrassing," "give me a break," "smoke and mirrors," and "a crock." Finding contrary opinion is something Kuhnhenn would almost definitely have done with an economy-related move of a Republican or conservative president.
Before getting to Blodget, let's look at what the government itself had to say to everyday Americans about what influences gas prices just two months ago at the USA.gov blog (bolds are mine):