Budget

On the same day the Commerce Department dramatically revised down second quarter Gross Domestic Product estimates, New York Times columnist David Brooks published a stinging rebuke of Obama economic policies."The American stimulus package was supposed to create a 'summer of recovery,' according to Obama administration officials," wrote Brooks. "Job growth was supposed to be surging at up to 500,…

As the Obama administration’s “Recovery Summer” crumbles, CBS’s Early Show on Thursday noted how the poor economic data has made many Americans deeply pessimistic about the future, with 37% saying that the economy “is in permanent decline.”So does that mean Obama's $862 billion stimulus is a failure? Not according to economist Mark Zandi, who was interviewed by co-host Erica Hill. Zandi asserted…

It has now been five days since Politico's Ben Smith published a powerpoint presentation created by an amalgamation of powerful left wing interest groups, conceding that two of the central arguments for passing ObamaCare - that it will lower the deficit and will reduce health care costs - have failed. For a group of organizations integral to the passage of the law, that was a stunning admission. …

The New York Times on Tuesday declared what most conservatives knew would happen if Democrats took control of both Congress and the White House: "more Americans - and not just the rich - are going to have to pay more taxes."In its editorial comically titled "A Real Debate on Taxes," the Times predictably argued for a total elimination of the Bush tax cuts, although it favored some partial delay…

On Monday's Situation Room, CNN's Jeffrey Toobin used dire language to describe a federal judge's decision which struck down federal funding for embryonic stem cell research: "The bottom line is this is a major setback for stem cell research and for the Obama administration....it will certainly cut way back on federal funding." Anchor Suzanne Malveaux labeled it a "potential wedge issue."Malveaux…

David Gregory on Sunday finally got an answer to his question about extending the Bush tax cuts, but it certainly wasn't what he was expecting.For those that have been watching "Meet the Press" this month, the host has been grilling his conservative guests about this issue ever since former Federal Reserve Chairman Alan Greenspan told him on August 1 that tax cuts don't pay for themselves.Having…

George Will on Sunday gave Robert Reich a much-needed history lesson about deficit spending and liberal myths concerning Franklin Delano Roosevelt and Herbert Hoover.As the Roundtable segment on ABC's "This Week" moved to the current state of the economy, Reich predictably called for another stimulus package. "You can't even talk about stimulus because people say, 'Oh, that would create a deficit…

Are even the most liberal media members starting to realize the administration's "Recovery Summer" campaign was a complete joke?Such appears to be the case for New York Times columnist Bob Herbert who on Saturday published a piece absolutely excoriating President Obama for not exclusively focusing on jobs after his inauguration last year:The Obama administration seems to be feeling sorry for…

Keith Olbermann on Thursday cherry-picked an article by former Speaker of the House Newt Gingrich to make a pathetic case that Republicans are targeting and blaming unemployed Americans for the country's economic woes.In his opening "Countdown" segment on MSNBC, the host began, "When it came time to invade, Republicans used cherry-picked intelligence to make the case for war in Iraq. Now, they`re…

Ed Schultz on Thursday blamed Republicans for all the unemployed people living in America today.As he began the most recent installment of the "Ed Show" on MSNBC, the host said, "The Republican Party has been on a crusade against the middle class and the poor for the last 30 years. We're now seeing the wreckage of that race to the bottom line culture."He disgracefully continued, "Today a…

Comedian Jon Stewart on Wednesday joined the growing liberal chorus attacking Republicans for their concerns about rising taxes and exploding budget deficits. The only thing different about the "Daily Show" host's approach was that he needed vulgarity to make his point. Potentially even worse, Stewart in his opening segment Wednesday actually used CNN's Fareed Zakaria to support his view that…

While ABC and NBC ignored a Monday USA Today report that found a significant gap in compensation between public and private sector employees, on Tuesday's CBS Evening News, correspondent Sharyl Attkisson provided a full story: "While many Americans have suffered pay cuts or job losses, one group is bucking the trend – federal workers." Attkisson described how the "analysis finds that federal…

For approaching ten years, America's media have depicted the tax cuts implemented by former President George W. Bush as almost exclusively favoring the rich.This dishonest characterization has picked up steam recently as these tax cuts are about to expire, and the tax-loving press have campaigned for their departure as if a plague on the society.For his part, President Obama is advocating the…