Bailouts

So more government isn’t the answer to all of our problems? For a brief moment, that seemed to be the message Huffington Post editor-in-chief and co-founder Arianna Huffington was conveying.  On CNBC’s Oct. 5 broadcast of “Squawk Box,” Huffington, author of “Third World America” explained what she thought the role of government should be in an American economic system. Now whether she was…

Government/General Motors saw its total vehicle sales fall in September to 173,031 from 185,105 in August. At the same time, Ford's sales increased from to 157,327 to 160,375. Thus, what was an almost 28,000-vehicle lead for GM in August shrank by more than half to less than 13,000 in September. No one has a crystal ball, of course, but if GM falls and Ford surges by similar amounts in October,…

New York Times correspondent Thomas Friedman is clearly unhappy about the Tea Party, so much so that he considers the movement "not that important."Instead, he envisions another group, "which stretches from centrist Republicans to independents right through to centrist Democrats," sitting silently out there in America waiting for the right leader to emerge.So wrote Friedman Wednesday in his "The…

You would think someone in the U.S. establishment press would be following Uncle Sam's progress or lack thereof in getting out from under its investment in Citigroup, especially since the government promised that it would be fully divested from the bank holding company by the end of this year. From all appearances, you would be wrong. It looks like the government may not be able to keep that year…

In the earlier paragraphs of a Friday report on the recently passed small business lending bill at the Associated Press, reporter Pallavi Gogoi gave readers the impression that Congress's allegedly noble intentions might be thwarted because banks and businesses who should apparently be grateful for the "help" don't want it. Gogoi gives no direct indication that the bill involves government "…

For the second week in a row Charles Krauthammer has gotten into a heated debate with the Washington Post's Colby King on the PBS program "Inside Washington."This time it was about the effectiveness of President Obama's stimulus plan. "These guys have had a year and a half and people are not happy with the results," said Krauthammer. "$1 trillion of stimulus it disappeared and there is nothing to…

A recurring theme from liberal media members as we approach the midterm elections is that Americans have to vote for Democrats in November so the nation doesn't go back to the way things were when Republicans ran everything.A perfect example is New York Times columnist Paul Krugman who on Friday penned a piece called "Downhill With the G.O.P.":Never mind the war on terror, the party's main…

"Greed, for lack of a better word, is good." That was the defining line of Oliver Stone's 1987 film "Wall Street," and his attack on the financial system that the news media would use for decades to portray businessmen as villains. The theme Stone wants viewers to take away from his sequel, "Wall Street: Money Never Sleeps," was tucked away in the credits of his film on a greenback. "In…

One of the Left's most esteemed economists, the liberal Center for Economic and Policy Research's Dean Baker, claimed Monday the "Second Great Depression," the term given to what many believed the country was heading for if drastic government action wasn't taken in the fall of 2008, was all a fiction created by Wall Street to get bailed out.In Baker's view published at the unashamedly liberal…

"This is what we are to expect, and it's going to get worse between now and November."That's how NewsBusters publisher and Media Research Center President Brent Bozell reacted this morning on Fox Business Network's "Varney & Company" to the media's drumbeat of criticism regarding Tea Party-backed Republican nominees for office this November.Bozell agreed with host Stuart Varney that the media…

I tried to find a nicer way to put it in the headline. But I can't. At the Associated Press, Economics Writer Martin Crutsinger's apparent plug-and-play report less than an hour after the issuance of Uncle Sam's August Monthly Treasury Statement on Monday (his item is time-stamped at 2:56 p.m., which follows the Treasury Department's 2:00 p.m. release by less than an hour) contains three…

Interviewing White House senior adviser Valerie Jarrett yesterday, The View's liberal co-hosts repelled Elisabeth Hasslebeck's tough questions on President Obama's failed economic agenda by changing the subject and ignoring their conservative colleague's criticism.Refuting the claim that the economy is "certainly moving in the right direction" despite dismal unemployment numbers, Hasselbeck asked…

As NewsBusters has previously reported, liberal Internet publisher Arianna Huffington is breathtakingly ignorant when it comes to basic economic theory.On Sunday, she proved it again by making an absolute fool of herself on ABC's "This Week." With the "Roundtable" segment beginning on the subject of the economy, Huffington noted how the failure of the banking bailout to stimulate growth was "…

For general discussion and debate. Possible talking point: Here's change you can believe in!The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.Census figures for 2009 - the recession-ravaged first year of the Democrat's…