Business Coverage

Since Obama took office, there's been a leftward swing toward increased regulation. The news media have supported that tilt, generally failing to demand explanations for high profile failures of government regulators. From the financial crisis to the Gulf oil spill, a recent string of problems exposed serious failures of government regulators that are supposed to protect the public. But…

A few weeks ago (covered at NewsBusters; at BizzyBlog), the Associated Press tried to pass off a poll it had conducted with its partner GfK Roper Public Affairs and Media (inexplicably held for 40 days) as showing that "Americans (are) shifting to US cars." Actually looking at the poll's detailed results revealed that Americans are "shifting to US cars" made by Ford, and either shifting away or…

Believe it or not, there are some who still fail to grasp the notion that the legacy media are overwhelmingly liberal. They act shocked when the media do what they usually do -- toe the liberal line -- and search in vain for some way to explain the apparent bias."Does the Media Care About Unemployment?" asked Kevin Drum, a writer for the liberal Mother Jones. Drum postulated that that "the media…

It's the American way, right? It is patriotic to exercise the 1st Amendment by petitioning the government for a redress of grievances - unless of course your effort has a tie to some corporation or lobbying interest. Then regardless of its size, it's phony baloney Astroturf activism. While groups like the George Soros-funded MoveOn.org have managed to elude the "Astroturf" moniker, from its…

If a conservative or Republican uttered the nonsense to be revealed shortly, we'd justifiably never hear the end of it on the late-night comedy shows and elsewhere. As it is, former car czar Steve Rattner's "creative" term for fibbing has and probably will continue to get little coverage outside of Detroit. Rattner's risible rendition of reality spewed forth before he spoke at a Federal…

Most economists are not susceptible to partisanship in their work, a new scholarly study finds. But anyone who reads Paul Krugman's columns in the New York Times will hardly be surprised to learn he is a glaring exception to the study's findings. He consistently changes his fiscal views depending on the party in power."Krugman has changed his tune in a significant way regarding the budget deficit…

The anti-capitalist left seems to despise all privately owned media outlets as hopelessly servile lackeys of the robber barons. But even through this dark lens, Fox News is still the worst. Raccoondog on the Daily Kos says in the wake of the Gulf oil spill that it is "by design a criminal enterprise" and Sarah Palin is guilty of "criminal imbecility." [Image at top right also from Daily Kos.]…

The man who predicted the bursting of the housing bubble as well as 2008's economic collapse says that what happened in the markets around the world today is just the next stage in the financial crisis."The first stage was this massive re-leveraging of the private sector that led to the financial crisis and which has responded now with a massive re-leveraging of public sectors with budget…

Usually, the crazy rantings of MSNBC host Keith Olbermann can be dismissed as the norm and easily ignored. But on May 5, Olbermann gave a glimpse of an obsession with former Vice President Dick Cheney - a man that has been out of office for 471 days - that was just too bizarre to let go.  Although Olbermann didn't outright absolve the Obama administration for not responding quick enough to the…

Have you seen the new General Motors commercial? In it, CEO Ed Whitacre highlights the taxpayer-funded bailout GM received and then brags: "We have repaid our government loan, in full with interest, five years ahead of the original schedule." That advertisement (Watch it here) gives the impression that A) GM is financially stable and able to repay its debts B) the government bailout was…

There's no question Fox News is killing its competition in the ratings. And the reason is quite simple according to Rupert Murdoch, the CEO of News Corp. (NASDAQ: NWSA), the parent company of Fox News. On Fox News Channel's May 4 "Your World with Neil Cavuto," Murdoch credited the success of Fox News to the void it fills as people are concerned about the political direction of the nation. He…

Although to ask this question is to invite with a good degree of criticism, it is still worth asking: Is Obama administration's approach to publicly reprimanding private industry cause for concern? On CNBC's May 4 "Squawk Box," host Michelle Caruso-Cabrera raised this point and asked Washington correspondent John Harwood if White House Press Secretary Robert Gibbs' recent statement BP was a…

Hosting a debate segment this morning between  Republican strategist Alex Conant and Democratic strategist Mo Elleithee that examined the political dimensions of the aftermath of the Gulf oil spill, MSNBC's Tamron Hall played soundbites from two politicians with rather divergent views on offshore drilling. The first was liberal Gov. Arnold Schwarzenegger (R-Calif.) opposing expanding offshore…