Bailouts

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…

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):

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):

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…

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):

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…

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…

It really is amazing that anybody takes New York Times columnist Paul Krugman seriously. Consider the following factual misrepresentations in what he wrote Friday:

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…

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:

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):

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…

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):

Something rather shocking happened on MSNBC Wednesday. Not only was a compliment given to a Republican, but on the "Dylan Ratigan Show," it was said by a Washington Post columnist about a GOPer that is actually admired by conservatives (video follows with transcript and commentary):