Economy

On Thursday, MSNBC's Chuck Todd, in the introduction to his "Daily Rundown" program, characterized both the response to the Obama administration's barricading of the World War II Memorial and Harry Reid's response to a question about helping children with cancer by funding the National Institutes for Health ("Why would we want to do that?") as "manufactured outrage." World War II ended in 1945,…

“U.S. Government Shutdown Threatening Housing Recovery,” screams the Oct. 2 headline of a shutdown scare screed in Bloomberg BusinessWeek. Wade into the story, however, and we see that what’s really at hand is a mere delay of processing of mortgages because of some employees furloughed at the Federal Housing Administration.

Sometimes Congressmen say the darnedest things. Toward the end of a heated debate with CNN's Carol Costello about the government shutdown and ObamaCare, Rep. Todd Rokita (R-Ind.) brought up the media as part of the problem adding, "Carol, you're beautiful but you have to be honest as well" (video follows with transcript and commentary):

Quick: how much were Social Security, Medicaid and food stamps cut by the sequester? Zero, you say?  Those programs were exempted from sequester cuts, and Medicare was reduced by only 2%? Correctomundo!   So what was Andrea Mitchell thinking when she claimed on her MSNBC show that the sequester "gutted" social programs? You tell me.  View the video after the jump.

Jay Leno clearly isn’t pleased with the government shutdown. On Wednesday’s Tonight Show, the host spent most of his opening monologue railing against the President and Congress concluding with him holding a sign up that read “F U Politicians” (video follows with transcript and absolutely no need for additional commentary):

Politico's Dylan Byers is determined to tell us that we didn't see and hear what we really saw and heard, and that Matt Drudge is a filthy liar (Update, 8:20 a.m., Oct. 3: as well as Real Clear Politics —"Reid To CNN's Dana Bash: 'Why Would We Want To' Help One Kid With Cancer?") for relaying what CNN's Dana Bash saw and heard — and reported. Today, after Senate Majority Leader Harry Reid…

As I noted in a previous previous post today (at NewsBusters; at BizzyBlog), a CNNMoney.com email tried to spin a 0.4% decline in the Dow Jones Industrial Average and tiny drops of less than 0.1% in the S&P 500 and the NASDAQ into proof that the government shutdown and the "looming U.S. default" were having awful effects on investors. Given that the ADP Employment Report today was a…

NASDAQ.com says that the Dow Jones Industrial Average closed down 58.56 points today. The S&P 500 lost 1.13 points, while the NASDAQ lost 2.96 points. In percentage terms, those losses were 0.39%, 0.07%, and 0.08%, respectively. Even though there's usually a large element of speculation relating to why the broad markets go up or down on any given day, the pretend know-it-alls at CNNMoney.…

  As Barack Obama wrapped up a speech from the White House on Tuesday, reporter Jon Karl of ABC actually shouted a tough question at the President, wondering, "...If you won't negotiate, how can you get a solution? How can you bring an end to this if you won't talk to the congressional leaders?" [See video below. MP3 audio here.] Anchor George Stephanopoulos noted that "Obama ignor[ed] a…

Brett Zongker, the reporter the Associated Press assigned to cover the World War II Memorial story yesterday in Washington, apparently felt compelled to try to find someone who would exclusively blame Congress for the memorial's closure. He failed, but pretended that he succeeded. For those unfamiliar with the story, in an overrecation to the partial government shutdown, the White House,…

If NBC’s Tonight Show audience is any indication. Americans aren’t buying into the media’s hysteria concerning the government shutdown. Quite the contrary, when host Jay Leno asked, “How many are worried about the government shutdown,” not one person in the studio audience applauded (video follows with transcript and commentary):

The shutdown fearmongering continues apace, and Time magazine is dutifully passing along the administration's talking points. Here's the latest: the government work stoppage could drive cash-starved spies into the arms of other countries. It would make otherwise patriotic Americans become traitors. Denver Nicks hacked out the short four-paragraph item this morning, excerpted in full below the…

On Tuesday, Julia Ioffe, senior editor for the liberal New Republic publication, all but suggested that President Obama needed to use military force against Tea Party conservatives in Congress. Ioffe likened the current federal government shutdown to the 1993 constitutional crisis in Russia, where then-President Boris Yeltsin ultimately ended the impasse by dissolving the parliament, and had…

Just when you think liberal radio host Mike Malloy can't say anything crazier than he already has, out comes another gem. On Monday as the President and his Party were refusing to compromise with House Republicans thereby setting the wheels in motion for a government shutdown, Malloy called the GOP "religious psychopaths" who "want women to get cancer," "girls to get sexually transmitted…