Economy

Weekend coverage emanating from Minnesota via Reuters and the Associated Press is doing its level best to run interference for Democratic Governor Mark Dayton, who has chosen to shut down the government rather than sign a budget which does not include tax increases.

On Thursday's CBS Evening News and Friday's Early Show, CBS glossed over President Obama's aim to break a campaign promise with a proposal to raise taxes on people who make less than $250,000 a year. Both Chip Reid and Bill Plante noted that "the White House is also insisting on...a limit on deductions for people...making more than $200,000 a year," but didn't reference the Democrat's 2008 tax…

Conservative Congressman Joe Walsh of Illinois twice called out the media for protecting President Obama on Thursday night's In the Arena, and told host Eliot Spitzer to his face that "you're doing a much better job of making [Obama's] case than he did." Before the interview began, CNN excoriated the verbal war on Capitol Hill that ensued after Obama's criticism of Republicans in his press…

On Thursday's NBC Nightly News, anchor Brian Williams praised China's high-speed rail system and lamented that United States had not done the same: "China is rocketing ahead of the U.S. with high-speed rail. And it has a lot of people wondering how long we can keep chugging along the same old track." Touting the completion of a new rail line between Beijing and Shanghai, Williams proclaimed…

On the July 1 edition of "Martin Bashir," the MSNBC anchor after which the show is named made a statement that reveals a great deal about his worldview. [Video after break]

With a month to go before the next supposedly "drop dead date" regarding the nation's debt ceiling, liberal media members are out in force with hysterical claims about the world ending if Congress isn't free to spend more money it doesn't have. Ever the faithful shill, New York Times columnist Paul Krugman did his part Friday cautioning that any spending cuts at this time "would destroy…

Unfortunately for Dylan Ratigan, close only counts in horseshoes and hand grenades. The MSNBC anchor nearly stumbled onto a valid point on Thursday's "Dylan Ratigan Show" – reporting that California's new Internet sales tax could cost thousands of jobs and millions in tax revenue – until he proposed solving this dilemma with a national Internet sales tax.

NBC's Today and CBS's Early Show on Thursday turned to Obama advisor David Plouffe on Thursday to offer his spin on the President's 67-minute presser on Wednesday, instead of interviewing Republicans. Both shows failed to press their guest about Obama's part in raising the nation's debt. NBC's Matt Lauer did toss some hardball questions at Plouffe on the President's "ownership" of the economy…

Jon Stewart Wednesday finally stopped responding to the aftermath of his performance on "Fox News Sunday" and tried to make amends with a somewhat bipartisan segment bashing the President for his budget solutions as well as both parties for not getting anything done. Toward the end of the opening "Daily Show" sketch, after a video clip of Senate Majority Leader Harry Reid saying, "My…

  When Mark Halperin asked if the seven-second delay was working prior to offering his observation on President Obama's performance at his press conference of yesterday, Joe Scarborough and Mika Brzezinski seemed to assume he was joking, and invited the normally mild-mannered pundit to proceed.  But it immediately became obvious that the joke was on the Morning Joe hosts, because when he…

The "NBC Nightly News" mentioned the corporate jet tax loophole twice in its report concerning Barack Obama's press conference Wednesday. Unfortunately, Brian Williams and Chuck Todd neglected to inform viewers that this loophole was part of the President's stimulus package in 2009 (video follows with commentary):

It is said that there are no atheists in foxholes. In that context, the recent rise in oil prices seems to have turned the Obama administration into true believers (at least rhetorically) when it comes to the best method to keep gas prices down and the American economy growing. With oil at more than $100 a barrel, the White House announced last week that it was going to increase oil supply by…

Apparently, a pledge to reduce the deficit and cap spending long-term and vote for a strict balanced budget amendment is an extreme measure. CNN correspondent Jim Acosta, reporting on the conservative "Cut, Cap, Balance Pledge," quipped that "it's not exactly cut, cap, and balance. It may be more body-slam and pile-driver." The pledge, sponsored by numerous grassroots conservative groups,…

Having friends in Washington is one of the quickest and dirtiest paths to success, but when President Barack Obama is the one helping you out by discriminately favoring your company's products over others, very few in the media seem to care. Flashback to the early 2000s during former President George Bush's first term. The mainstream media pounced on former Vice President Dick Cheney's…