Economy

Yesterday, the Department of Labor announced that it had certified "more than 18,000 former Hostess workers around the country as eligible to apply for Trade Adjustment Assistance." I'll save excerpts from DOL's inane announcement for after the jump. The story has garnered some local coverage in areas affected by Hostess plant closures late last year, including a couple of regional Associated…

I am indebted to Amity Shlaes for gently correcting a joke of mine that dates back to July 8, 1972. On that date in the New York Times, I joshed that President Calvin Coolidge "probably spent more time napping than any president in the nation's history" and therefore was a successful president. My joke was a play on an earlier joke by H. L. Mencken, and now Shlaes has corrected both of us. She…

This goes back about ten days, and I originally missed it. Fortunately, though, an Investor's Business Daily editorial got around to mentioning Rick Perry's visit to California last week in an effort to lure businesses to the more commerce-friendly environs of Texas. Associated Press report Juliet Williams and her story's headline writer were not amused by Perry's aggressiveness. Williams…

While the President and his media minions are trying to scare everyone into thinking that if the sequestration on federal spending goes through on March 1 it will be the end of the world, conservative columnist Charles Krauthammer had a different view Wednesday. Appearing on Fox News's Special Report, Krauthammer said, "This is the most ridiculously hyped Armageddon since the Mayan calendar…

Wednesday's CBS This Morning played up the supposedly gargantuan cuts in government spending that would go into the effect if the sequester goes into effect on March 1. Charlie Rose trumpeted the "massive spending cuts" set to take effect, while Gayle King underlined that the "deep automatic spending cuts" were quickly approaching. But neither anchor pointed out that $85 billion in cuts come…

After hyping the "draconian" sequester cuts set to take place March 1, CNN kept up its frenzy on Tuesday afternoon by spreading government hysteria over the $85 billion spending reduction. Headlines sounded alarms like "Medicine, Food at Risk," "Travel Nightmare In the Making," and "U.S. justice system in jeopardy." "President Obama is warning of dire consequences for all of us if lawmakers…

It appears not everyone in America is as enthralled with Barack Obama's economic policies as his fans in the media. When NBC Tonight Show host Jay Leno made a joke about the president not understanding economics, the studio audience cheered, applauded, and whistled (video follows with transcript and commentary):

MSNBC's Chris Matthews is starting to get completely unhinged. On Tuesday's Hardball, he accused Republicans of using "Cold War CIA tactics to destabilize our own country" (video follows with transcript and commentary):

On the front of Saturday's Business section, New York Times economics reporter Annie Lowrey flatteringly quoted unlabeled left-wing French economist Emmanuel Saez, who may be the Times' favorite economist, in yet another hang-wringer on the evils of income inequality and the dreaded 1%: "Incomes Flat In Recovery, But Not For the 1%." In an October 2012 article Lowrey termed Saez, who favors…

Even though the upcoming sequester cuts amount to only $85 billion, compared to $16 trillion of U.S. debt, CNN hyped the deleterious effects of the cuts to the economy by comparing them to the recent asteroid that just missed earth. "Watch out. Like the asteroid headed to earth, they're coming. $86 billion in automatic budget cuts," anchor Carol Costello warned. And "draconian" was in the…

Instead of doing the work they were supposed to be doing last night -- i.e., following their publication's mission statement, which is (or maybe was) to "turn ... reporters (i.e., themselves) loose on the subject we love: national politics" -- Jim VandeHei and Mike Allen spent over 1,800 words whining. Their disingenuous complaint: The Obama administration supposedly has insurmountable…

Last Friday’s All Things Considered segment on NPR was a real treat because David Brooks was absent, and therefore, couldn’t be his squishy self alongside liberal columnist E.J. Dionne.  National Review’s Mona Charen, a real conservative, filled in for the New York Times pseudo-Republican, and effectively countered Dionne’s Obama cheerleading. The two were asked by host Robert Siegel to…

During yesterday’s edition of Fox News Sunday, Washington Post editor Bob Woodward, who wrote the book "The Price of Politics" on how Obama handled the debt-ceiling fiasco in 2011, explained again to his media colleagues that it was a White House initiative to use a hatchet with these budgetary matters in the form of sequestration. When Fox host Chris Wallace suggested the news media would…

Liz Sidoti's offering this morning at the Associated Press, which is clearly a serious competitor for Worst AP Item Ever, carries the "column" label. As such, I suppose we're expected to accept the idea that the "analysis" offered is hers alone. But you would think that the self-described "essential global news network" would have enough business judgment to review a reporter's work to make…