Economy

Jim Cramer, a Democrat and Wall Street insider, made a statement on CNBC's "Squawk Box" Friday morning that most definitely turned heads in the White House. Speaking about the disappointing data released by the Conference Board, Cramer said that traders hate President Obama "like Jimmy Carter was hated" because they believe he's "destroying this country" (video follows with transcript and…

MSNBC ranter extraordinaire Dylan Ratigan is no fan of "crony capitalism" -- when businessmen get government to help them socialize the risk of their ventures through government subsidies or bailouts, leaving taxpayers on the hook for failure while reaping the benefits of government largesse. The Obama administration's handling of solar energy firm Solyndra is a perfect example of same. Yet…

On Friday's NBC Today, correspondent Tom Costello described how "Nearly one in six Americans is living in poverty. 16 million are children. That's 3 million more than three years ago." However, nowhere in his report on the growing problem did he mention the Obama administration's failed economic policies as a cause. Instead, Costello lamented over possible cuts to government welfare programs…

Last Thursday, President Obama unveiled his "American Jobs Act" to a joint session of Congress with a new plan for job creation. The plan takes a Keynesian approach, much like his previous stimulus bills, but with little success from them, it seems that Obama's American Jobs Act is not so much an economic plan as a political plan for his reelection. Obama and his advisors recognize that they…

This was going to be a relatively quick post about the good news, as announced by the Castle Coalition in a Tuesday press release after being teased a few days earlier by "Little Pink House" author Jeff Benedict, that a Lifetime Channel movie is going to be made about the Kelo vs. New London eminent domain drama. Then along came "culture blogger" Alyssa Rosenberg over at the hard-left…

Two out of three CBS local affiliate political reporters featured on Thursday's Early Show bluntly stated that President Obama faces "major uphill battle" in recapturing key states for the 2012 election. Anchor Chris Wragge noted the "all-time low" approval rating for the President, while an Ohio journalist highlighted how a Democratic strategist thought Obama was "feeling more Carter than…

New York Times White House reporter Jackie Calmes and Binyamin Appelbaum reported Wednesday on Obama’s latest big-spending “stimulus” proposal, “Bigger Economic Role for Washington,” enthused that the chance of some of it coming law “could have a substantial effect on economic growth and unemployment....could add 100,000 to 150,000 jobs a month over the next year, according to estimates from…

Darlene Superville's Associated Press report earlier this evening on President Obama's visit to North Carolina ("Obama touts jobs bill benefits for small business") had an interesting final paragraph. Concerning Obama's openness to compromise on his "jobs plan" (otherwise known as "spend now, pay for with taxes later"), she wrote: "President Obama has made clear he'd sign a portion of the…

On the September 14 edition of MSNBC's "Hardball," host Chris Matthews admitted to socialist Sen. Bernie Sanders (I-Vt.) that it "sounds Marxist" but he truly believes that automation in the economy has killed jobs by replacing human clerks in CVS and camera operators at MSNBC with "robots" [video follows page break; click here for MP3 audio]:

Last night at 11:31 p.m., as shown here at the Columbus Dispatch, the Associated Press's Beth Fouhy was treating the special congressional electoral contest in NY-09 as if Democrat David Weprin would likely fend off the challenge from Republican Bob Turner. The 11:31 p.m. time stamp appears to be accurate, since only about a half-hour earlier, at 10:56 p.m., Fouhy put up a brief item at an AP…

On Monday, the Tarrance Group released a poll showing that 74 percent of American voters believe "that businesses and consumers are over-regulated." What's more, "another two thirds (67%) believe that regulations have increased over the past few years. These percentages include majorities of all partisan affiliations, with 91% of Republicans, 75% of Independents and 58% of Democrats saying…

Deroy Murdock has an excellent column at National Review Online holding up the Reagan economic record vs. Barack Obama's. It's an excellent read. An excerpt follows the page break. Leave us your thoughts in the comments section:

Appearing on Tuesday's The Ed Show, MSNBC political analyst Jonathan Alter urged both liberals - euphemistically calling them "progressives" - and non-liberals to support President Obama's economic plan and advised Obama to "fight, fight, fight," and argue that Republican opposition would mean they are "standing in the way of you getting a job." After host Ed Schultz asked Alter about the GOP…

The August Monthly Treasury Statement released by the government today reveals that Uncle Sam ran a $134.2 billion deficit in August. That figure was $44.7 billion, or 48%, higher than the $90.5 billion deficit seen in August 2010. The year-over-year deficit increase occurred because outlays increased by 19% to over $303 billion, while receipts went up by 3% to $169 billion. Gee, that wasn't…