Economy

Well, I guess when you think you're going to sell 45,000 cars and you're on track to achieve about 25% of that, something's gotta give. Something gave today, as Government/General Motors announced a temporary suspension of production of the company's centerpiece of environmental correctness, the Chevy Volt, and the layoff of 1,300 employees. Oh, and as readers will see in the Examiner.com…

The three networks have, thus far, skipped Tuesday's revelation by Energy Secretary Steven Chu that the "overall goal" of the Obama administration isn't to get gas prices down. This is despite the fact that ABC, NBC and CBS have previously focused on the rising gasoline prices in general. Politico reported, Tuesday, "The Energy Department isn't working to lower gasoline prices directly,…

Sometime in the next few weeks, the average price of a gallon of gasoline is likely to top $3.85, headed to $4. When it does, gasoline will cost $2 more per gallon than it did on the day Barack Obama became president. In his 2008 campaign, Obama often assailed President George W. Bush for "high" gas prices, but voters who thought Obama's criticism of high gas prices under Bush meant the…

Liberal New York Times economics reporter turned left-wing editorial board member Eduardo Porter has published his first “Economic Scene” column, taking over from David Leonhardt, who is now Washington bureau chief. Porter is known at Times Watch for his embrace of Occupy Wall Street and for calling Mexican media mogul Carlos Slim a "thief" and "robber baron" in a 2007 editorial -- before…

On CNBC's Behind the Money blog on Wednesday, Fast Money executive producer John Melloy promoted a left-leaning theory as to why the stock market has been on the rise lately: "While President Obama may not be Wall Street's ideal candidate, stock prices are rising on growing expectations he will be re-elected this November." Melloy pointed to long-term political certainty as a reason for…

Comedian Jon Stewart apparently thinks the economy is just fine and that any news outlet that says otherwise must be doing it because they don't want President Obama to get reelected. Even more preposterous, on Tuesday's Daily Show, the host did an entire segment on how Fox News reporting the national debt, unemployment, and rising gas prices is all a Republican National Committee conspiracy…

On Tuesday's CBS This Morning, Charlie Rose lobbed a series of questions from the left at Republican Congressman Paul Ryan. Rose wondered if the recent trend towards social issues in the Republican presidential race was "troubling." The Wisconsin Republican replied, "It's not troubling for me, and...I think that's more about the media, and maybe the Democrats, who are trying to move it in that…

At the Associated Press, covering today's durable goods report from the Census Bureau, Martin Crutsinger wrote that "Orders for durable goods fell 4 percent last month." No they didn't. They fell by a seasonally adjusted 4%. The raw data before seasonal adjustment says that they fell by over 15%:  

Imagine if a Republican campaign organization attempted to raise money by going after billionaire Barack Obama fan Warren Buffett by claiming that Buffett is making a lot of money at the pump because of higher gas prices. The press would immediately pounce and say that it's not true, because even though Buffett could be benefiting from the President's cancellation of the Keystone Pipeline, the…

At the Associated Press on Thursday, reporter Chris Tomlinson clearly took the side of statist environmentalists in covering the Texas Supreme Court's decision recognizing the right of landowners to pump water flowing through their property underground. Tomlinson's sub-headline said that the court "approved" the idea, and his text claimed that it had "expanded property owner's rights." All…

An AP report by Rachel Zoll brought to our attention by a NewsBusters tipster headlines a truly weird assertion about GOP presidential candidate Rick Santorum ("Santorum benefits from mistaken religious identity"), and submits as evidence an item in a Christian magazine which in turn has its own weird headline ("Catholic Politicians You Thought Were Evangelical"). It turns out that the…

As NewsBusters has been reporting, America's media currently feel it's their job to make sure soaring gas prices don't negatively impact Barack Obama's chances of reelection. NPR's Nina Totenberg did her part on Friday's Inside Washington saying, "Politicians don't control this" (video follows with transcript and commentary):

The Associated Press, aka the Administration's Press, and designated drone Derek Kravitz clearly haven't tired of putting smiley-faces on the ongoing, relentlessly awful conditions in the new-home market. As shown on February 17 (at NewsBusters; at BizzyBlog), the number of single-family homes under construction is barely above its all-time low (since records have been kept), while January's…

Appearing on the February 23 Hannity on Fox News for the weekly Media Mash segment, Media Research Center president Brent Bozell exposed the media attempts to downplay high gas prices and refusal to hold President Obama accountable for the rising energy costs. "Why is it, Brent, do you think the media is not so interested" in noting skyrocketing gas prices under President Obama's watch,…