Economy

Sen. James Inhofe (R-Okla.) took to the Senate floor today to draw attention to a video of a top EPA official saying the EPA’s “philosophy” is to “crucify” and “make examples” of oil and gas companies - just as the Romans crucified random citizens in areas they conquered to ensure obedience. Inhofe quoted a little-watched video from 2010 of Environmental Protection Agency (EPA) official,…

The Washington, D.C.-based Tax Foundation does a yeoman's job of keeping track of how much we're paying in taxes and who's paying what. It turns out that American taxpayers worked this year from Jan. 1 to April 17, 107 days, to earn enough money to pay their federal, state and local tax bills. That statistic requires some clarification, and I ask my readers to help me examine it. According to…

As of 1:30 p.m., what follows was a story only at Big Government, The Blaze, and the Daily Caller. The news is that an Indiana union has expanded the scope of an already-filed lawsuit by claiming that the Hoosier State's recently enacted right to work law violates the Thirteenth Amendment's prohibition against slavery because it forces unions to work beside and negotiate on behalf of workers…

Over a combined total of nine and a half hours of programming, CBS, NBC and ABC allowed a mere 72 seconds of coverage to the news, Monday, that Social Security will go bankrupt three years earlier than previously expected. ABC's World News and NBC's Nightly News skipped the subject entirely. The same networks that offered copious amounts of stories to a vague threat of future global warming…

Yesterday the trustees who oversee Social Security announced that "the program's trust fund will be depleted by 2033 -- three years earlier than projected last year." "Never since the 1983 reforms have we come as close to the point of trust fund depletion as we are right now," trustee Charles Blahous said. But alas, the Washington Post shuffled that story over to page A3 rather than the front…

It would appear that if you're an op-ed columnist at the New York Times, you can make up just about any outrageous claim and not get called on it by anyone responsible (if there is such a thing) at the Old Gray Lady. The column in question, Joseph P. Kennedy II's "The High Cost of Gambling on Oil," goes back two weeks to April 10, but deserves a closer look for two reasons. First Kennedy, who…

At Bloomberg Business Week, the distortion of what the Social Security system's trustees told the public on Monday began with its headline and opening sentence. The headline: "Social Security Fund to Run Out in '35: Trustees." Any reader would assume that the reference is to the situation with the retirement and disability programs combined, as both are collectively referred to as "Social…

For over a year, the Left and their media minions have dishonestly claimed Congressman Paul Ryan's (R-Wisc.) proposed budgets would "end Medicare as we know it." At the end of a discussion about Monday's report from the Medicare trustees predicting the program goes bankrupt in 2024, Special Report host Bret Baier got NPR's Mara Liasson to admit Medicare will end as we know it even if Congress…

In the campaign to ensure that anyone with a proposal to actually do something about the federal government's out-of-control spending gets demonized, while incumbent Barack Obama and his party go scot-free for proposing nothing beyond the autopilot, budget-free situation of the past three years, Andrew Taylor at the Associated Press, aka the Administration's Press, went after Republican…

Just 49 percent of homeowners in America now believe their home is worth more than they paid for it. Rasmussen Reports has asked that question for years, and it has never before fallen below the 50 percent mark. This represents a sea change in personal finances that challenges core assumptions about the way our economy works.

ABC News contributor Donna Brazile on Sunday - like so many Obama-loving media members have in recent months - said, "The president can't control gas prices." This led George Will to marvelously ask of his This Week co-panelist, "If he can stop the seas from rising, why can't he bring down gas prices?" (video follows with transcript and commentary):

It has become clear what the Obama campaign's strategy for trying to win states like Michigan and Ohio is and will continue to be. In three steps, it's as follows: 1) Pretend that the states' Republican governors, John Kasich in Ohio and Rick Snyder in Michigan, who both succeeded free-spending Democrats who presided over stagnant economies, have had nothing to do with their increased…

Disgraced former MSNBC and Current TV anchor Keith Olbermann suggested Sunday there's a conspiracy to drive up gas prices in order to harm President Obama. Such was said on ABC's This Week in response to host George Stephanopoulos's question regarding the impact speculation has on what consumers pay at the pump (video follows with transcript and commentary):

The Wall Street Journal's Peggy Noonan appearing on ABC's This Week Sunday gave Keith Olbermann a much-needed education on what living in a capitalist country is all about. When the disgraced former Countdown host said, "It’s a very large view right now that business has never been viewed less favorably in this country," Noonan scolded, "There is a lot of people who think businessmen create…