Bailouts

I guess after about a year and a half of dancing around the truth, the Associated Press decided that confession of some of the truth about Government/General Motors is good for the soul. Conveniently, the AP's de facto partial confession, delivered via reporter Sharon Silke Carty, comes as the success of the company's initial public offering seems assured. Carty's confession consists of…

Sen. Chuck Schumer (D-N.Y.) on Sunday claimed the President's stimulus plan combined with 2008's Troubled Assets Relief Program resulted in ten million jobs being saved. Such was actually said on CBS's "Face the Nation" (video follows with transcript and commentary):

UPDATE AT END OF POST: Krugman tries to clarify what he said. Although he was likely taking a swipe at former governor Sarah Palin with the reference, Paul Krugman on Sunday recommended "death panels" as a means of helping to balance the federal budget. In a Roundtable discussion on ABC's "This Week," the New York Times columnist said of what recently came out of the President's deficit…

Glenn Beck has been a favorite punching bag for liberal media members since he moved from HLN to Fox News and started getting huge ratings. The folks at NBC's "Saturday Night Live" have also been on this Beck bashing bandwagon, which made the following sequence during Saturday's opening sketch rather surprising (video follows with transcript and commentary):

CNN's Kathleen Parker and Eliot Spitzer endorsed Matt Taibbi's bashing of conservatives on their Monday program. Spitzer marveled over the Rolling Stone editor's "brilliant" label of the Tea Party as "15 million pissed-off white people sent chasing after Mexicans on Medicaid." This was the second straight evening that the network brought on an anti-conservative author to promote their latest…

Darn. If only the midterm elections had been held after Friday's Employment Situation Report instead of before, the results might have been very different. Apparently that's what the Associated Press's Liz Sidoti (pictured at the top right at this post's home page tease) wants us to believe, as she ended her borderline bitter take on the origins of Congressional Republicans' successful…

When a Democrat or leftist makes an ill-advised remark, it seems that there's a three-stage process at the Associated Press, and perhaps in most other establishment press outlets, for handling it. It goes roughly like this: Stage 1 - Ignore it as long as you can. If there isn't much outcry, keep ignoring it. Stage 2 - If there ends up being enough of an outcry from conservatives or…

Only the New York Times could burn through 2,500 words about Japan's economy and not use the word "stimulus." The Old Gray Lady's Martin Fackler did refer to Fed Chair Ben Bernanke's just-announced second attempt to "stimulate" economy, but dodged the central lesson: The government created the Japanese people's malaise, and our government, despite Japan's experience, seems determined to do the…

Steven Rattner, the first Obama car czar who allegedly "bribed a political consultant to win business from New York's pension fund for his former investment firm," was extremely close this week to cutting a deal with the Securities and Exchange Commission (SEC), only to see that agreement held up this week to the intervention of New York Attorney General and Democratic gubernatorial candidate…

There is a simple explanation for President Obama's dismal approval ratings, but ABC's George Stephanopoulos fails to comprehend it. Appearing on the October 13 "O'Reilly Factor," the former Clinton adviser peddled multiple theories to explain Obama's unpopularity, but neglected to consider the possibility that the president has simply failed to connect with the general public. "As far as…

Following up on yesterday's post ("Government/General Motors, UAW Hose Long-Time Members Twice in Two Weeks"; at NewsBusters; at BizzyBlog) -- What a "revolting" development this is, as reported in the Detroit News: GM Orion assembly workers to picket UAW over two-tier wage structure In an unprecedented move, Government/General Motors and the UAW are imposing a two-tiered wage structure…

There are times when you have to wonder whether liberal shills in the media are are just ignorant or dishonest. Monday is one of those times. Consider Nobel laureate Paul Krugman's most recent column in the New York Times entitled "Hey, Small Spender" wherein the man the Left considers to be one of the economic geniuses of our time argues that federal spending really hasn't increased under…

George Will on Sunday once again proved how little Nobel laureate Paul Krugman actually knows about economics. As the Roundtable segment of ABC’s “This Week” approached its conclusion, host Christiane Amanpour referred to French Finance Minister Christine Lagarde’s claim earlier in the program that her country’s economy is already growing and doesn’t need any further stimulus spending.…

Solidarity, schmolidarity.  It was one thing when the United Auto Workers agreed many years ago to temporary "two-tiered" wage structures at the plants of Detroit's Big Three automakers. After all, it was argued, they'll be brought up to a level of full pay and benefits in several years, and new employees aren't as productive as the veterans.