Economy

"It's not just a bad deal. This is really an insulting deal. What Geithner offered, what you showed on the screen, Robert E. Lee was offered easier terms at Appomattox and he lost the Civil War." So said syndicated Charles Krauthammer on Fox News's Special Report about the budget proposal Treasury Secretary Timothy Geithner put on the table Thursday to avoid the looming fiscal cliff.

A search at the Associated Press's national website on Warren Buffett's last name at about 5 p.m. ET returned two recent items which are still present there. Each item (here and here) mentions the Obama Fan of Omaha's idea to "impose a minimum tax of 30 percent on income between $1 million and $10 million, and a 35 percent rate for income above that." Neither mentions the pathetically small…

NewsBusters publisher Brent Bozell appeared on the November 28 edition of CNBC's Kudlow Report, in his capacity as chairman of For America. Kudlow brought the Media Research Center founder on to discuss the fiscal cliff and the need for Republicans to stand firm on opposing tax hikes, especially in light of the liberal media's tag-teaming with Democrats. "I can't hardly pick up a newspaper or…

On Thursday's CBS This Morning, new White House correspondent and former Fox News journalist Major Garrett bucked the "militantly non-partisan" label he gave himself over a year ago when he hyped the President's supposed populist stand in the fiscal cliff negotiations with top leaders in Congress: "President Obama is adamant about protecting existing income tax rates for middle-income earners…

Once again, CNN pressed a Republican to support income tax hikes. On Thursday, Starting Point co-hosts Brooke Baldwin and John Berman tried to paint GOP opposition to tax increases as at odds with the American people and a financial expert. "So here is one of the biggest guys in finance on the planet saying that maybe a tax rate increase should be part of a deal. Does he have a point? Can't…

Norah O'Donnell and Charlie Rose tossed softball questions at Democratic Senator Amy Klobuchar on Wednesday's CBS This Morning on the looming fiscal cliff, just two days after they hounded Republican Senator Bob Corker on the same issue. Rose casually mentioned to Senator Klobuchar how "the President believes you can't get there by deduction. You have to raise [tax] rates. Is that your view?" O…

Welcome to the pretzel logic of liberal environmental protection: In order to "save" owls, the Obama administration is going to shoot them dead. This is not — I repeat not — an Onion parody.

In an interview with CBS News anchor Scott Pelley last week, Goldman Sachs chairman and CEO Lloyd Blankfein immediately brought up a highly sensitive subject that liberals in the media and highest levels of government refuse to acknowledge: entitlement spending on Social Security, Medicare, and Medicaid are unsustainable at their current rate and need significant reform to ensure those programs…

On Tuesday, Piers Morgan lashed out at "intransigent" Republicans and lectured RNC chair Reince Priebus that now is the time to compromise and increase taxes "to the benefit of the American national interest." "But you Republicans led by Grover Norquist are absolutely intransigent about allowing any raise in taxation, and yet the American public want you to do it," Morgan lectured Priebus.…

The real news in today's new-home sales information published by the Census Bureau is that September's previously reported 389,000 in seasonally adjusted annual sales was written down by over 5 percent to 369,000. Hmm -- The higher figure, aggressively touted as the highest in 2-1/2 years by the Associated Press and other establishment media outlets, was reported on October 24, just 13 days…

It’s the Republicans who are in a bind.  They’re beholden to the will of the evil genius Grover Norquist.  They’re scared to death of The Club for Growth. That's the trite liberal media narrative that CBSNews.com's  Brian Montopoli furthered earlier this morning in a piece in which he forecast that the Republicans, and only Republicans, are in for a bruising in the coming weeks should a "fiscal…

As the media push Republicans to raise taxes, anti-tax advocate Grover Norquist has been taking a pounding. This may have reached a high point Tuesday when MSNBC's Chris Matthews and former Senator Alan Simpson (R-WY.) actually joked about Norquist drowning (video follows with transcript and commentary):

For quite a while now, there has been a media focus (ironic considering the TV reporters and anchors are mostly 1 percenters) on an allegedly growing gap between the wealthiest Americans and those of more modest means. Unfortunately, this is only a partial picture since income is much more predicated on stock market growth and not related to many other facets of the economy. Writing at the…

It was almost a month ago that the New York and New Jersey coastlines were mercilessly pummeled by Hurricane Sandy. Immediately following the storm, the liberal media spin went into overdrive commending the leadership and compassion Obama displayed in the aftermath. But reports have been surfacing since the election, revealing how conditions in the afflicted regions are still not much improved…