Economy

One of the economy's more important bellwethers has been on a steep year-long decline which shows no signs of abating this year. It's barely news, and much of the sparse reporting seen has been incomplete and sloppy. Truckinginfo.com reported today that "January was a tough month for truck manufacturers as Class 8 truck orders were down 35% compared to the previous month, according to a…

Liberal propaganda ruins everything, even comic books.   The January edition of Captain America featured a reptilian supervillain named Viper who sounded a lot like Republican presidential candidates. Viper ranted about American exceptionalism and said, “Someone has to make America marvelous again.” He also complained about “overreaching government” oppressing businesses and asked, “Where in the…

On Friday's Real Time with Bill Maher, GOP presidential candidates Marco Rubio and Ted Cruz were both on the receiving end of HBO comedian Bill Maher's latest anti-conservative vitriol as he called Cruz a "creep" and a "practiced liar" while comparing Rubio's religious beliefs to those of the terrorist group ISIS.

A Sunday morning report by Associated Press political writer John O'Connor acts as if the the sordid history of fiscal irresponsibility in the State of Illinois is a new development brought on by a stubborn Republican governor in just the past seven months. What hogwash. The state has had a large backlog of delinquent unpaid bills for a decade, if not longer. Five years ago, a Democratic…

In trying to explain the current situation in Venezuela, the Washington Post's Matt O'Brien, in a post at the paper's Wonkblog, also inadvertently identified two reasons why authoritarian socialist tyrants like Huge Chavez and Nicolas Maduro are able to achieve and retain power. The formula is simple: When you first gain power, garner international and media goodwill by giving stuff away, like…

Observers can be excused for thinking that the politicial establishment is preparing the battlespace to convince us plebes that progress and economic growth are overrated. (That's sort of odd for people who call themselves "progressives," but making sense is not their strong suit.) How interesting, for example, that Northwestern University economist Robert Gordon's book, The Rise and Fall of…

As has been its habit during the Obama administration when the economy turns in a poor performance, the press's coverage of yesterday's report on U.S. economic growth focused on how much better next quarter's news will supposedly be. Especially in this instance, the beat reporters and pundits should have looked at whether or not yesterday's initial result will hold up, or whether it's likely to…

Friday morning, the government reported that the economy grew at a pathetic annual rate of 0.7 percent in last year's final quarter. As it did in covering the disappointing Christmas shopping season, the business press partially blamed yesterday's awful result on the weather, i.e., warm weather.

The Associated Press may be down to one person in the whole wide world who will tell its economics reporters what they want to hear when the federal government releases economic data. That's what you almost have to conclude after reading the wire service's reports on two of Thursday's major releases, namely last week's initial unemployment claims and December's durable goods orders and shipments…

The hype machine was in overdrive at the Associated Press on Wednesday as economics reporter Josh Boak covered the government's mid-morning release on new-home sales. Boak opened by writing that "Americans rushed to buy new homes in December at the strongest pace in 10 months." Good heavens, we're talking about only 38,000 individuals or families, or about 0.031 percent of the nation's roughly…

Critics who warned in 2010 that the odious Dodd-Frank law's Consumer Financial Protection Bureau would become a rogue agency which would become a largely unaccountable behemoth on a mission to create problems where none exist could not have been more correct. Sadly, searches on terms relevant to one of the agency's latest controversies involving the distribution of funds in a two year-old auto-…

If you only read establishment press reports, you might (finally) know about the "unexpectedly" competitive race for the Democratic Party's presidential nomination, but you would have no sense of the deep concern within the left's ranks about their unsavory choices. Card-carrying lefty Dana Milbank, from his perch at the Washington Post, laid that near-panic bare in his Tuesday evening column.…

When in doubt, blame Reagan -- all-purpose ethos of liberal radio host Thom Hartmann. Anyone listening to Hartmann's program, among the most popular in that increasingly desolate landscape known as liberal radio, won't wait long before he slams Ronald Reagan for all manner of economic sin.  

Disabled, divorced, with a degree, working several jobs yet making less than $10,000 a year. Struggling to pay bills. Unable to buy presents for her children. Waiting for her disability to come through. Dependent on her parents. That was the sad story that a woman told Bernie Sanders at an event in Iowa yesterday. On today's Morning Joe, after airing that clip, a visibly moved Mika Brzezinski…