Economy

It is one matter if a president stakes out a smart position within a heated political debate, but it is another matter when members of the press believe so and shower him with positive coverage. CNN's John King complimented President Obama on Thursday's Anderson Cooper 360 for having "positioned himself smartly here in the middle" on the debt ceiling debate. King painted the president as a…

Yesterday on "The Fix", a politics blog of the Washington Post, Chris Cillizza and Aaron Blake wrote "Five Members to watch in the House debt ceiling vote."  One of the five is Rep. Jim Matheson (D-UT).  He's described as a potential "yes" vote for Speaker John Boehner's (R-OH) debt ceiling bill: Matheson, a Democrat, has managed to keep his Republican-leaning Utah seat by voting very…

A trend is emerging on MSNBC's "Morning Joe," whereby guests make inflammatory statements likening conservatives to terrorists, and none of the co-hosts insist on a more elevated level of dialogue. Following in the footsteps of Newsweek's Tina Brown and Rep. Steny Hoyer (D-Md.), two MSNBC analysts called conservatives in Congress "economic terrorists" and "crazy" on Friday, yet none of the…

"Millionaires and billionaires," President Obama says derisively, must make more "sacrifices" and live by the same rules the rest of America lives by. But there are seven little words that will never appear on the White House teleprompter: "And that means you, too, George Soros." For all his (and his wife's) bashing of greedy Wall Street hedge-fund managers, Obama has shown nothing but love…

This morning, Christopher Rugaber's coverage of the news from Uncle Sam's Bureau of Economic Analysis about the growth in the nation's Gross Domestic Product (GDP) at the Associated Press appropriately characterized it as indicative of a "sharp slowdown" and "extremely bad" (via a quoted economist). Today's report carried an advance estimate of second-quarter growth of an annualized 1.3%. As…

"When, oh, when is a Republican going to stand up" and call the liberal media on their lies about the debt ceiling debate, NewsBusters publisher Brent Bozell lamented on this morning's "Fox & Friends." Bozell was reacting to a clip of Sen. Jon Kyl (R-Ariz.) answering a misleading and biased question by CBS's Bob Schieffer (video follows page break; MP3 audio here):  

MSNBC's Joe Scarborough on Friday took some well-deserved shots at New York Times columnist Paul Krugman. After "Morning Joe's" Mika Brzezinski read bits of Krugman's most recent rant against "Republican extremism," her co-host responded, "If you’re a blogger, and you’re still living in your mom’s basement, and you got Cheetos all over the keyboard, you type in your underwear...you look at…

 Appearing as a guest on Thursday’s Last Word with Lawrence O’Donnell on MSNBC, the Huffington Post’s Sam Stein suggested that the budget plan that the House Republican leadership is trying to pass would harm the economy, and, as if the government did not take in lots of tax revenue already, referred to the absence of a tax increase as "no revenues." Stein:

On three occasions between July 22 and July 26, 2011, CBS's Bob Schieffer carried water for President Obama when he echoed the Democrat's inaccurate claim about Social Security: "Millions of Americans...may not get their next [Social Security] check if the debt ceiling crisis is not resolved." In reality, there is enough federal revenues and authorized expenditures to pay for the program [audio…

Even Socialist Sen. Bernie Sanders (I-Vt.) believes the government can still pay out social security checks if the debt ceiling is not raised, but CNN highlighted disgruntled seniors Thursday who fear the opposite. CNN correspondent Sandra Endo reported live from a senior center and emphasized that the citizens were "scared," "worried," and "angry" about possibly not receiving their Social…

During the current debt ceiling debate, have the media told you what your personal share of the national debt would be after the ceiling is hiked? Yeah. I didn't think so. But when it was a midterm election year in which Democrats thrashed President George W. Bush and the GOP on overspending, it was a different story.

Chris Matthews' infatuation with John McCain has returned. The day after the Republican senator bashed his own party, knocking "Hobbit" Tea Partiers, the Hardball anchor on Thursday lauded him as "great" and even suggested McCain as a MSNBC guest host: "...He can substitute for me some night with that kind of talk!" The former GOP presidential nominee criticized 2010 Senate candidates…

The latest polls show the people are not happy with President Obama's handling of budget matters, but Republicans look even worse. And yet, while the GOP delivers one idea after another, Obama has offered nothing, instead just attacking, attacking, attacking, blaming everyone but himself in utter denial of the reality that no man on the face of this Earth is more responsible for our debt…

Two "alert" emails hit my inbox this morning concerning the Department of Labor's just-released unemployment claims report. The one I expected came from CNNMoney.com, which read: "Initial unemployment claims fall below 400,000 for the first time in more than 3 months, dropping 24,000 to 398,000 in latest week." The other one came from USAToday.com, which does not ordinarily issue alerts when…