Economy

MSNBC's Martin Bashir tag-teamed with liberal pundit Jared Bernstein to slam Herman Cain and Rick Perry's tax plans today, insisting that both are a sop to the "rich" and an act of "class warfare" against the middle class. An onscreen bio graphic noted that Bernstein used to work for Vice President Biden, but that fact would go unnoted for any listeners to the program via MSNBC's SiriusXM…

The Occupy Wall Street demonstrators are demanding "people before profits" — as if profit motivation were the source of mankind's troubles — when it's often the absence of profit motivation that's the true villain. First, let's get both the definition and magnitude of profits out of the way. Profits represent the residual claim earned by entrepreneurs. They're what are left after other…

The next time Joe Scarborough mocks the intellectual capacity of a Republican presidential candidate, he should recall the truly atrocious arithmetic skills he demonstrated on national television October 26, 2011. Discussing an anti-poverty program with guest Christie Hefner, the co-host of Morning Joe actually said half of one sixth is one third (video follows with partial transcript and…

The morning shows of ABC, CBS, and NBC on Tuesday devoted just 19 seconds to the arrests of 75 people in northern California, after police evicted Occupy Oakland from their encampment in front of city hall there.  The Early Show devoted a news brief to the story during its last half hour, noting the violent reaction from some of the protesters. Good Morning America and the Today show both…

President Obama couldn't have chosen a more fitting slogan than "We can't wait" to promote his latest legislative elixir for our ailing economy. What could be cleverer than to employ double meaning in aid of doublespeak? CBS News reports that Obama will use the phrase to sell his jobs bill and to justify his plan to take unilateral executive action on the economy.

Journalistic outlets, which were all too eager to accuse the Tea Party of bigotry, have been mostly silent in response to examples of anti-Semitism at the Occupy Wall Street (OWS) protests. Incidents caught on tape and the urging of the Anti-Defamation League to stop anti-Jewish bigotry have yielded very little coverage. Since October 1st, a Nexis search reveals no discussion of anti-…

We have entered a new phase of the endless Occupy Wall Street sleepover. Not working is hard work. After a month of tying up the police, generating mounds of trash, railing against Jews while holding up "Nazi Bankers" signs, grappling with pervs, rapists and thieves in their ranks, communing with avowed communists, and hobnobbing with 1 percenter celebrities donning 99 percenter costumes (phew…

If you didn't know any better (actually, I think I do), you would think that perhaps Cristina Silva at the Associated Press is doing all she can to minimize the tourism-damaging things President Barack Obama has said about Las Vegas while tasked with reporting on his upcoming visit there. Three times in her short afternoon report -- once in the item's headline and twice in the item's first…

MSNBC congressional correspondent Luke Russert today refused to parrot MSNBC host Martin Bashir's left-wing talking points about House Republicans and their proposal to boost the economy and spur job creation. "This week, Eric Cantor will introduce a jobs bill of his own, so what exactly should we expect?" Bashir rhetorically asked viewers as he introduced his "Divided We Fall" segment,…

A notable moment on Morning Joe today, as Joe Scarborough called out Mika Brzezinski on her double standard when it comes to criticizing politicians for their over-the-top remarks. Setting Scarborough off was Brzezinski's defense of Joe Biden's allegation that crime, including rape, would increase if Republicans don't vote for President Obama's latest tax-raising stimulus plan.  Joe claimed…

At the top of Monday's NBC Today, co-host Matt Lauer touted a new plan to address the housing crisis: "After a series of foreign policy victories, President Obama is hitting the road to sell his plan to help turn around the struggling economy and today the focus is on the housing market." Lauer later wondered to chief White House correspondent Chuck Todd if the plan would, "help politically…

If Herman Cain has been harshly criticized for his 9-9-9 plan, which includes a 9% national sales tax, should we expect Robert Frank to come under fire? After all, on Morning Joe today, the Cornell University professor proposed a progressive consumption tax that could go to . . . 100% on the rich. Frank's notion is that the very high rates would discourage the rich from building "mansions" […

Yesterday, in what appears to have been a not particularly sweat-breaking research enterprise, blogger Don Surber at the Charleston Daily Mail demonstrated that the Richard Muller, a Berkley scientist who the Washington Post's Brad Plumer declared to be a "cliimate skeptic," has been a believer in human-caused global warming -- since the 1980s. Muller convinced Plumer that as a result of…

During the roundtable segment on Sunday's Meet the Press, NBC's Andrea Mitchell typically acted as Barack Obama's press secretary defending the President from any and all criticism lodged by other panelists. Apparently having witnessed enough shameless advocacy from a so-called journalist, when Mitchell used the Occupy Wall Street movement to defend Obama's economic policies, former…