Economy

Paul Krugman vs. Jon Stewart. The New York Times columnist and economist put his utter lack of humor on display in a Saturday afternoon blog post in which he attacked as lazy and unprofessional the host of the Daily Show. Stewart's sin? Daring to mock the trillion-dollar platinum coin as a solution to the debt ceiling crisis. Here's Krugman on "Lazy Jon Stewart": Oh, dear. Jon Stewart took on…

New York Times labor reporter Steven Greenhouse celebrates Occupy Wall Street ideas like the "Robin Hood tax" in his reporting, so it's no surprise his Sunday Review "news analysis," "Productivity Climbs, But Wages Stagnate," pushed unvarnished left-wing ideas from economists who want a much higher minimum wage, strengthening unions, and higher taxes (in Greenhouse's euphemism, "a more…

The self-described "essential global news network" known as the Associated Press, more aptly characterized as the Administration's Press, has from all appearances chosen to minimize the exposure given to Friday's letter from four Senate Democrats to President Obama encouraging him to unilaterally increase the nation's debt ceiling if Congress fails to do so. A search on Harry Reid's last name…

A week ago, Associated Press reporters and their articles' headlines described the nation's job market in positive terms. An early a.m. report on Janaury carried this headline: "U.S. job market resilient despite budget fight." Later that same morning, just before the government's release of that day's employment report, there was this: "Jobs report expected to show underlying economic strength…

"Congress could lower individual rates across the board by 44 percent and come up with the same amount of revenue if it eliminated all tax breaks" Washington Post reporter Josh Hicks noted in a January 10. Given the ongoing battles over taxes, spending, and the national debt in Congress, you'd think this would be worthy of front-page placement in the Post. Editors apparently disagreed, placing…

The left must think Treasury Secretary Tim Geithner is a magician, since they think funds to evade the debt ceiling can be conjured up in the form of a platinum coin. The left-wing blogosphere has been promoting a loony idea to prevent the GOP from being able to cut spending in debt ceiling negotiations. The idea has gained traction with a Bloomberg News contributor and well-known liberal…

While the media were quick to point out how Garden State Republicans were quick to criticize the House Republican leadership for not calling a vote on Sandy relief before the expiration of the 112th Congress, you probably haven't heard about how a potential Democratic challenger to Chris Christie has gotten into hot water for saying the Republican governor "prayed a lot" for the devastating…

Ohioans can give thanks this week for at least one thing: Former Democratic Governor Ted Strickland has announced that won't be challenging incumbent John Kasich in 2014. During 2008 and 2009, Strickland's second and third years in office, the Buckeye State lost 420,000 jobs and saw its unemployment rate zoom from 5.7 percent to 10.6 percent, performances which were worse than nearly every…

Only at MSNBC would you see a segment entitled “by the numbers” that left out the most important figure: the price tag to the American taxpayer.   Such was the case on Monday morning, with MSNBC Live host Thomas Roberts gushing over the different activities the President Obama and his family participated in during their Christmas vacation in Hawaii.  The “numbers” Roberts referred to was not…

George Will had an interesting take on the fiscal cliff agreement reached by Congress and the White House last week. Appearing on ABC’s This Week, Will said, “I think people will look back on this deal as where liberalism passed an apogee and went into decline” (video follows with transcript and commentary):

George Will spoke an inconvenient truth about the media Sunday that should have everyone of its members sitting up and taking notice. Appearing on ABC’s This Week, Will said, “The journalistic narrative about Washington today is 180 degrees wrong” (video follows with transcript and commentary):

CNN’s Candy Crowley asked a question of Sen. Dick Durbin (D-Ill.) on State of the Union Sunday that should have all American wage earners quaking in their boots. “Do you think that taxes have been raised enough on the wealthy?” (video follows with transcript and commentary):

One would think that a newspaper which in its view has largely made its reputation on publishing leaked government documents and revealing government secrets would have been a bit more excited about being the sole receipient of a report from the State of New York indicating that hydraulic fracturing, or "fracking," is safe. The State had already sat on the report for a year. The Times…

On Wednesday, as President Obama signed -- er, auto-penned -- the legislation preventing the onset of the "fiscal cliff" passed by Congress the previous day, the establishment press was busy understating its impact. A Friday evening Wall Street Journal editorial (note: not a regular news report) in today's print edition lays out the gory details. But first, I will cite four examples of…