Economy

The headline this afternoon at the Associated Press to a report by Sam Hananel attempted to create the impression that complaints by many who have been unemployed for an extended time period that many employers are reluctant to consider and sometimes even refuse to consider their employment inquiries and applications equals support for provisions in President Obama's American Jobs Act which…

Barack Obama took a lot of heat last week for saying America has "gotten a little soft." Not from Fareed Zakaria who when not advising the president on foreign policy acts as one of his propaganda czars every Sunday on CNN (video follows with transcript and commentary):

You would think that an Associated Press story about the Congressional Budget Office's preliminary estimate of the federal government's full fiscal year results would include things like total federal collections and total spending during the year and how they compared to the previous year. Don't be silly. If the AP let numbers that big -- and their direction -- get into its report, readers…

The U.S. unemployment rate in September was 9.1%, a terrible statistic and a symptom of a profoundly damaged economy. Anticipating Friday's jobs report, CNBC Squawk Box co-host and New York Times reporter Andrew Ross Sorkin wondered whether the bad economic news had already reached a point where it would be "almost impossible" for President Obama to be re-elected. "Remember when people used…

Appearing on Friday's NBC Today, Meet the Press host David Gregory discussed the political impact of the Wall Street protests and wondered: "How does the President try to harness this anger, this sense of unfairness about the economy, about income inequality in this country, about the middle class stagnating for the past 30 years? That's what the President wants to try to tap into here."…

The media said there was "good" but "not great" news on the unemployment front in September with 103,000 jobs added, according to the Bureau of Labor Statistics. The unemployment rate remained 9.1 percent. But even with that growth, Obama's jobs promises have fallen far short. His economic policies were supposed to create 4 million jobs by the end of 2010. Now, ten months later the economy…

In a report filed at the Los Angeles Times's Politics Now blog earlier today, Washington Bureau reporter James Oliphant relayed a number of whoppers delivered by Vice President Joe Biden without anything resembling a challenge. In Part 1, I noted how Biden, who in August described Tea Party sympathizers as "terrorists" and in September as "barbarians," today spoke in complimentary terms of how…

In a report filed at the Los Angeles Times's Politics Now blog earlier today, Washington Bureau reporter James Oliphant relayed a number of whoppers delivered by Vice President Joe Biden without anything resembling a challenge. In Part 1, I noted how Biden, who in August described Tea Party sympathizers as "terrorists" and in September as "barbarians," today spoke in complimentary terms of how…

In a report filed at the Los Angeles Times's Politics Now blog earlier today, Washington Bureau reporter James Oliphant relayed a number of whoppers delivered by Vice President Joe Biden without anything resembling a challenge. Breaking Biden's bilge into three sections, they involve his claim about the historical origins of the Tea Party, which Biden characterized as a collection of "…

CNN's financial guru Ali Velshi admitted that the press didn't really challenge President Obama's proposal for tax hikes after his Thursday press conference on his jobs bill. Velshi, perhaps going soft himself, noted during the 12 p.m. hour that Obama's speech "seemed like a bit of an economics lesson" how the President attacked Republicans and their demands on the count that they don't create…

CBS's Erica Hill let DNC Chair Rep. Debbie Wasserman Schultz bash congressional Republicans unopposed on Thursday's Early Show. Hill also failed to ask the Florida Democrat about her eye-opening claim on Wednesday that "anyone" can see that the economy is improving "and now, we've begun to turn the corner." The anchor brought on Wasserman Schultz, the morning show's only political guest, for…

Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security's problems is not the same as calling for the abandonment of its recipients. Instead, it's a call to take actions now, while there's time to avert a disaster. Let's look at it. The term was derived from the scheme…

The network newscasts on Wednesday downplayed Democratic obstruction of Barack Obama's jobs bill, offering only minor coverage. Good Morning America and Early Show allowed brief mentions. In an otherwise unrelated segment, GMA's Jon Karl admitted that the President "has a problem with [congressional] Democrats." Karl added, "Senate Majority Leader Harry Reid said yesterday, he does not plan…

A number of Democratic members of Congress came out Wednesday throwing their support behind the protest known as Occupy Wall Street. Fox News's Neil Cavuto interviewed one of them on Your World marvelously asking Rep. Dennis Kucinich (D-Oh.), "So why didn’t you celebrate when Tea Partiers were running around the country and protesting all the spending and protesting the budget and the debt…