Economy

On Monday, President Obama tapped Thomas Perez, currently the head of the Civil Rights Division in the Justice Department, to take the helm at the Department of Labor, replacing outgoing Secretary Hilda Solis.  This will be the third controversial Cabinet appointment after Brennan and Hagel.  In covering the story, Peter Baker of the New York Times mentioned Republican opposition to his…

If you peruse the Washington Post online, you’d notice that the top five stories didn’t even mention Harry Reid’s egregious comments about the seven Marines that were killed in Nevada yesterday.  Likewise, although the fatal training accident itself was reported on page A3, Reid's comments were nowhere in the March 20 print edition. On the Senate floor yesterday, Reid suggested a link between…

Much of the press is describing the EU's demand that Cyprus seize a portion of bank account holders' deposits, a demand rejected yesterday by the island nation's legislature, as a "tax." I think it's reasonable to suggest that this characterization is designed to minimize the frightening authoritarianism the EU has just attempted. In a bit of a pleasant surprise, one organization openly…

A lengthy – 3,500 word – anguished expose on the front page of Sunday’s Washington Post, “Hungering for a new month to begin,” about how people in Woonsocket, Rhode Island race to the grocery stores on the first of the month to spend their Supplemental Nutrition Assistance Program (SNAP) payment, yet run out of food long before the month ends, didn’t offer a word about President Obama’s…

New host, same loopy logic. Ed Schultz is gone from his weekday MSNBC slot, but the show's name lives on until Chris Hayes comes on board next month. Sitting in for Schultz tonight was the never-at-a-loss-for-words Michael Eric Dyson.   Discussing Elizabeth Warren's latest Senate hearing stunt, on the minimum wage, Dyson gushed "wouldn't that be great" if the minimum wage were raised to $22…

Syndicated columnist Charles Krauthammer said Tuesday that America is "headed the way of Cyprus." Such was said on Fox News's Special Report near the end of a discussion about the state of California retroactively collecting taxes and interest after a court struck down a pro-business initiative established years ago.

As NewsBusters previously reported, HBO's Bill Maher said Friday that liberals could lose him because of the combined federal and state income taxes he now pays as a California resident. Conservative talk radio host Rush Limbaugh had some fun with this Tuesday saying, "It's amazing the things liberals do not know" (transcript follows with commentary):

The scare tactics that Democrats from President Obama on down have employed to wring political benefit out of the sequester have apparently hit a despicable new low.  In comments made about the deaths overnight of seven U.S. Marines in a training incident in Nevada, Senate Majority Leader Harry Reid, Dem from Nevada, reportedly suggested that we may see more such incidents because the sequester…

At the Washington Post's Post Politics blog on Monday, Juliet Eilperin revealed that the White House has notified participants invited to the April 1 Easter Egg Roll that the event "is subject to cancellation due to funding uncertainty surrounding the Executive Office of the President and other federal agencies." Eilperin only considered the White House's latest obvious example of "no petty…

"If ever the mainstream media reaches a point where they recognize that if we destroy this nation and destroy the economy, they, too, will be destroyed, I think at that point they will start asking the tough questions and helping to move the population in the right direction." So predicted Dr. Benjamin Carson on Fox News's Hannity Monday (video follows with transcript and commentary):

There's a reason why Media Research Center sister site CNS News had to put out a story about how much the government has spent so far this year -- $1.505 tillion -- after Wednesday's release of the February Monthly Treasury Statement: Two of the three major wire services failed to report that obviously important number, and the third saved it for their writeup's final sentence. What follows…

The official Monthly Treasury Statement for February came out Wednesday showing a deficit for the month of $204 billion, basically the same as the Congressional Budget Office predicted several days earlier. The reported deficit through five months of the fiscal year is $494 billion, down from $580 billion a year earlier. That February result was an "improvement" of $28 billion over the $232…

New York Times economics reporter Annie Lowrey's "news analysis" on Wednesday downplayed the gargantuan national debt: "Dispute Over a Balanced Budget Is Philosophical as Much as Fiscal." Lowrey, who on March 2 called the hard-to-detect budget cuts of sequestration "painful and stupid," gave the game away in her lead sentence, signaling that she doesn't really think that enormous debt is much…

In an interview with former Bill Clinton adviser George Stephanopoulos at ABC (transcript here), President Barack Obama claimed that “We don’t have an immediate crisis in terms of debt." Despite his claim, no one can know that for sure, but it's at least consistent with what he said during the 2012 presidential campaign ("we don't have to worry about it short term"). Obama's elaboration on…