Economy

[UPDATED BELOW] Three times on Tuesday morning, CNN mentioned sequester cuts as a possible culprit behind the security breach at the Navy Yard that led to Monday's shooting there. A CNN headline actually read "Did Government Cuts Put Lives at Risk?" This came after a former Navy commander warned on CNN that blaming the sequester was "very premature." And just before noon, correspondent Dana…

Within hours of the shootings at the Washington, D.C., Navy Yard Monday, Barack Obama took to the airwaves to amongst other things attack Republicans. On Fox News’s Special Report, Brit Hume said, “I think that this president tends to engage in partisan attacks from the platform at the White House more than any president I can remember.”

If President Barack Obama is losing Al Hunt, there is definitely trouble in Lefty-land. But let's not go too far. In the midst of leveling criticisms at Obama as "bordering on incompetence," the former host of CNN's Capital Gang and executive editor at Bloomberg News, who is now a Bloomberg View columnist and host of a Bloomberg TV's Political Capital Sunday news show, cited three examples of…

One thing which is almost as reliable as the sun rising in the east is the Associated Press, aka the Adminstration's Press, putting a better face on the federal government's fiscal situation than it deserves when a Democrat is in the White House. Almost as reliable is the arrival in a related report of some kind of statement about spending cuts which describes them as "deep," "steep," or some…

Have you witnessed Republicans “using extortion and blackmail?” The Washington Post’s Bob Woodward apparently has, and claimed on NBC’s Meet the Press Sunday that some House GOPers are using such methods to defund ObamaCare (video follows with transcript and commentary):

Imagine a major news network anchor, in 1985, telling President Reagan that five years into his presidency rising income inequality wasn’t his fault. Ludicrous, given how the media used the term Reaganomics to denigrate his policies, policies far more successful than President Obama’s in turning around an inherited poor economy.  Yet in a sit-down with Barack Obama for ABC’s This Week,…

Most of America’s media think President Obama's 2009 bailout of General Motors and Chrysler was a huge success. Former Massachusetts Democratic Congressman Barney Frank threw cold water on this meme on NBC’s Meet the Press Sunday correctly informing viewers that the auto bailout lost money for the federal government. By contrast, we made money from George W. Bush's 2008 bank bailout (video…

It's almost amusing to watch writers like Christopher Rugaber at the Associated Press, aka the Administration's Press, pretend not to understand why the economy isn't growing as much as one would "expect" based on the number of jobs being added each month and falling weekly unemployment claims. In a Thursday story which was mostly worthless because the incompletely collected government data…

I guess we should acknowledge a tiny improvement when an ordinarily in-the-tank apparatchik like Jim Kuhnhenn at the Associated Press expresses even the slightest bit of skepticism about a White House claim. But let's not take it too far. Kuhnhenn is reporting in a brief "Big Story" item this morning that President Obama "is laying claim to an economic turnaround and warning Republicans not…

A recent NBC News/Wall Street Journal poll stumbled across a very interesting finding: 44 percent of respondents said they did not think Congress should raise the debt ceiling before the U.S. reaches it in October, while only half as many (22 percent) said Congress should raise it. On Friday, Andrea Mitchell reported that finding on her eponymous MSNBC program Andrea Mitchell Reports, but she…

CNN's Carol Costello is quite cozy with striking fast food workers who want the minimum wage at $15 an hour, but she is openly hostile with restaurant and retail executives. On Friday, Costello repeatedly badgered a retail executive over why Walmart wouldn't raise wages for D.C. employees even though some other businesses wouldn't have to. Sounding like a broken record, Costello didn't offer…

To lift themselves out of poverty, developing nations would do well to pursue a free market economic model. What's more, free markets are actually biblically justifiable and ultimately of greatest moral and material benefit to human beings compared with centrally-planned or socialistic models. In other words, there is a Christian case for free markets and free enterprise. That's the argument…

Appearing as a panel member on Sunday's Melissa Harris-Perry show on MSNBC, liberal columnist and former CNN correspondent Bob Franken accused those who complain about "class warfare" against the wealthy of themselves waging "class warfare," but in their case, "against everybody but the super rich class." Franken's negative interpretation of those who support capitalism came after host…

 All three networks on Tuesday and Wednesday touted a new report showing the gap between the wealthiest one percent of Americans and everyone else has grown to its widest level since the Great Depression. Yet, none of them mentioned that Barack Obama was president for the last five years, the time in which the disparity grew so large. In contrast, ABC, NBC and CBS hammered Mitt Romney in 2012…