Economy

Former New York Times economics reporter Eduardo Porter’s signed NYT editorial Monday left no doubt where his political sympathies lay: "A Budget Without Core Purposes, Taxation Without Compassion." President Obama trusts America’s generous and compassionate nature, that our rugged individualism is tempered by a belief that we’re all connected. In his speech on budget reform on April 13, he…

So with the news that Atlas Shrugged: Part 1 is underperforming and leaving theaters rather than expanding, it’s unclear whether producer John Aglialoro will be able to produce the planned sequels for the adaptation of Ayn Rand’s most famous and controversial work. Name recognition from one of the bestselling books of the past century, still a chart-topper due its appeal to libertarians and…

New facts released by the office of House Budget Chairman Paul Ryan, R-Wis., reveal a hidden tax increase in President Obama's budget proposal. Obama's plan would, these facts demonstrate, impose a 20 percent increase in the top income tax rate - a significantly greater increase than the president has admitted. The news media fancies itself a watchdog, so if the president is going to…

This morning, Associated Press reporters Ricardo Alonso Zaldivar and Stephen Ohlemacher went back to an AP-GfK poll yours truly thoroughly discredited on May 11 (at NewsBusters; at BizzyBlog). That's when the AP's Liz Sidoti and Jennifer Agiesta laughably claimed that President Obama's approval had jumped to 60%. This time, Alonso-Zaldivar and Ohlemacher didn't "merely" revisit a poll with an…

"Has the state's tax burden on homeowners become great enough to start looking at taxing 'intangible' property as well?" That's how Larry Lange opened his May 22 article for the Seattle P-I website. While Lange did note conservatives are not keen on the idea and Republicans have alternative ideas for Washington State tax reform, Lange failed to consider how taxing stocks, bonds, loans,…

I’ve written several articles skewering HBO for producing political projects destined to air immediately prior to the 2012 election, where the vast majority of the cast and crew are passionate Barack Obama supporters, and where the content is aimed at the Democrat’s two favorite Republican villains: Sarah Palin and Dick Cheney. So, when I sat down to watch HBO’s Too Big to Fail, I prepared…

In a post time-stamped on Saturday at 12:16 p.m., CNNMoney.com has a story (HT Ed Driscoll via the PJ Tatler) headlined "Florida and Texas in jobs p*ssing match" (except that there's an "i" where I typed an asterisk). Since the story has been up for at least 12 hours (maybe longer, given that the its URL is dated May 20; Update, May 22, 5 p.m.: The comments at a cached CNN Political Ticker…

In their coverage of Herman Cain's official announcement that he is a candidate for the Republican nomination for President of the United States, Associated Press reporters Shannon McCaffrey and Greg Bluestein limited their description of Cain's tenure as chief executive of Godfather's Pizza to the following: He worked at Coca-Cola, Pillsbury and Burger King before taking the helm of the…

If you had any questions as to why Dylan Ratigan belongs on MSNBC rather than CNBC they were all answered Friday night. Appearing on HBO's "Real Time," Ratigan presented himself as a far-left commentator telling the audience of devout liberals, "This entire rhetoric machine from the Republican Party is predicated on an abandonment of arithmetic and fact" (video follows with transcript and…

Kind of disappointing--nothing about Republicans head-butting widows or knocking the crutches from the arms of the disabled.  Even so, let's give Damon Silvers credit: the union boss did claim that Republicans "literally deny clothing to foster kids to give rich people tax cuts." AFL-CIO honcho Damon Silvers made the hysterically hyperbolic claim on Cenk Uygur's MSNBC show this evening.…

Earlier today, NB's Tim Graham noted that the establishment press has given the silent treatment to a study by Timothy Conley of the University of Western Ontario and Bill Dupor of Ohio State University showing that the stimulus plan passed in February 2009 was a major net economic loser. In the first paragraph of the study, the authors revealed their core estimate that  the American Recovery…

On the front page of Wednesday’s Investor’s Business Daily, reporter David Hogberg reported that a new study found President Obama’s “stimulus” plan “may have destroyed or forestalled employment, including more than 1 million private-sector jobs.” Destroyed or forestalled? Our media only cites studies which estimate the number of jobs Team Obama “saved or created.” Economists Timothy Conley…

Reuters slanted towards the critics of McDonald's in a Thursday report about a petition calling on the fast food giant to retire mascot Ronald McDonald and to give up its signature Happy Meal for kids. Correspondent Debra Sherman even went so far to spotlight how the CEO of a medical company which produces "cholesterol-lowering statins and...heart stents" sits on the board of McDonald's.…

Anyone whose eyes have been glued to certain news outlets for the last 24 hours has probably heard almost nothing about one of the most offensive political advertisements in recent memory. That's because most major networks have largely failed to cover a video portraying Rep. Paul Ryan's budget plan as literally throwing grandma off a cliff. While ABC, MSNBC, and CNN continue to ignore the…