Corporate Spending on Perks 'Egregious'? What about the Feds
As debate rages across the country about whether it is reasonable to reduce federal spending in light of the fact that the federal government is spending more than eight times what it takes in, the same publications willing to defend that spending often simultaneously criticize spending by businesses that make a profit. One such story ran in publications nationwide this week, including the…
Where Did the Fed Foreign Lending Story Go
Last Friday, in what one would think would be a bombshell story headlined "Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak," Bloomberg's Bradley Keoun and Craig Torres reported that foreign banks secretly and routinely tapping the Federal Reserve's "discount window" lending program, primarily in 2008 and 2009. Some specifics:
"(The) loans protected a lender to local…
Debunking Debt and Deficit Myths
Veronique de Rugy is an economist you should get to know, for she is doing fabulous work at George Mason's Mercatus Center.
On Friday, she appeared on Bloomberg TV to debunk some myths about debt and deficits while publishing an accompanying must-read piece at Reason (video follows):
Rep. Paul Ryan Previews 2012 GOP Budget on Fox News Sunday
Congressman Paul Ryan (R-Wisc.) previewed the GOP's 2012 budget proposal on "Fox News Sunday" today.
For those that missed it, here's the complete 15-minute interview with Chris Wallace (video follows with transcript):
Krugman: 'All This Stuff About Uncertainty is a Myth Made Up to Blame
New York Times columnist Paul Krugman was in his predictable defend Obama at all costs mode on Sunday's "This Week."
When former Bush administration official Torie Clarke said unemployment remains high because the private sector is concerned about future regulations, the Nobel Laureate scoffed, "All of this stuff about uncertainty is just a myth being made up to blame this on Obama" (video…
Krauthammer Mocks 'Inside Washington' Host's Claim Tea Party Wants 'Bi
A consistent media meme in the past few months has been that Republicans are asking for Draconian cuts to the federal budget.
On Friday's "Inside Washington," Charles Krauthammer didn't let the host get away with furthering this nonsense (video follows with transcript and commentary):
Reich Touts FDR's Mid-1930s Depression-Era Growth; He and the Press Ig
Former Clinton Labor Secretary Robert Reich, in a column appearing at Business Insider, says that we're heading in the direction of a "double-dip" -- and though he doesn't follow it with the word "recession," it's obvious he's not talking about an ice-cream cone. It's also obvious that he's less than pleased with the media spin that things are really okay.
Along the way, Reich had to go back…
Chris Matthews and Robert Reich Ironically Discuss 'Republican Lies Ab
Former Clinton labor secretary Robert Reich wrote a truly nonsensical piece for the Huffington Post Tuesday ironically called "The Republicans' Big Lies About Jobs."
MSNBC's Chris Matthews must have loved this tripe and its sophomoric title for he invited the Berkeley professor on Wednesday's "Hardball" so that the pair could put on a clinic in liberal economic fantasy (video follows with…
Krugman Completely Misrepresents Herbert Hoover as Well as British Eco
It really is amazing that anybody takes New York Times columnist Paul Krugman seriously.
Consider the following factual misrepresentations in what he wrote Friday:
How Long Will the AP and the Establishment Press Downplay Consumer Cza
You begin to get an idea of how poorly served the news-consuming public is by the Associated Press when you compare its "reporting" on Obama czar Elizabeth Warren's appearance tomorrow before the House Financial Services Committee to an information-packed editorial -- yes, an editorial -- in the Wall Street Journal this morning.
You can read all of the over 750 words in the unbylined AP…
Paul Krugman: America's Not Broke - We Can Still Borrow Money
If banks and credit card companies are willing to lend you money, does that mean you're not broke?
According to Nobel laureate Paul Krugman, America is doing just fine financially because we're having no problem borrowing money:
Eleanor Clift and Bill Press: 'U.S. Auto Industry Stronger Than It Eve
Does a sycophantic devotion to the President make liberal media members lose all connection to reality?
Before you answer, consider that on Friday, Newsweek's Eleanor Clift and liberal radio host Bill Press actually said on PBS's "McLaughlin Group" the U.S. auto industry is stronger than it ever was (video follows with transcript and commentary):
The Oscars: Class Warfare Wins Best Liberal Issue
You just knew Hollywood couldn't get through an Oscars broadcast without subjecting viewers to self-important statements of left-wing politics. War, AIDS, gay marriage, global warming - pick a liberal hobby horse and chances are an entertainer used the Academy Awards to give America his or her opinion on it.
This year, the cause du jour was class warfare, as reflected in shills for organized…
Krauthammer Rips Krugman's Claim Republicans Are Stealing Food From Ba
New York Times columnist Paul Krugman on Friday made the idiotic claim that House Republicans are stealing food from babies and pregnant women.
Later that evening, appearing on PBS's "Inside Washington," syndicated columnist Charles Krauthammer demonstrated just how foolish Krugman's assertion was (video follows with transcript and commentary):
