Economy

Do you believe Rep. Paul Ryan when he says we only have a few years left to get our fiscal house in order, or we're going to face European-type austerity? How about the co-chairmen of the bipartisan deficit commission, Alan Simpson and Erskine Bowles, who have essentially issued the same warning? Have you taken a hard look at President Obama's 10-year budget with a view to whether it would…

Bernie, put down the bong! On Cenk Uygur's MSNBC show this evening, Bernie Sanders, the socialist senator from Vermont who caucuses with the Dems, claimed that rich Americans "have not contributed one nickel to deficit reduction." Cenk of course failed to challenge Sander's certifiably silly assertion. View video after the jump.

Michael Powell’s New York Times story on the latest job figures made the lead slot in Saturday’s Times, with a headline portraying a revitalized Obama and a defensive G.O.P. “U.S. Posts A Gain Of 216,000 Jobs, A Lift For Obama -- Private Sector On Rise -- As Jobless Rate Falls to 8.8%, White House Warns G.O.P.” One might not think an 8.8% unemployment rate would be cause for swagger and…

"We can't leave our troops on the beach." Ilario Pantano, a former sniper, sat in my office, rolling his shirtsleeve back down after showing me the United States Marine Corps tattoo on his arm. He wasn't showing off. He was making a point. "If my country is worth dying for, it's worth fighting for." Which is what brought him to Washington. He's put his life on the line in the Marines, and…

Veronique de Rugy is an economist you should get to know, for she is doing fabulous work at George Mason's Mercatus Center. On Friday, she appeared on Bloomberg TV to debunk some myths about debt and deficits while publishing an accompanying must-read piece at Reason (video follows):

Congressman Paul Ryan (R-Wisc.) previewed the GOP's 2012 budget proposal on "Fox News Sunday" today. For those that missed it, here's the complete 15-minute interview with Chris Wallace (video follows with transcript):

New York Times columnist Paul Krugman was in his predictable defend Obama at all costs mode on Sunday's "This Week." When former Bush administration official Torie Clarke said unemployment remains high because the private sector is concerned about future regulations, the Nobel Laureate scoffed, "All of this stuff about uncertainty is just a myth being made up to blame this on Obama" (video…

Even though the goings-on in Wisconsin this year connected with collective-bargaining rights legislation have been front-page news nationwide for well over a month, the Associated Press has apparently concluded that folks outside the Badger State couldn't possibly be interested in real threats of serious violence issued against Republican legislators who voted for it -- and their families.…

On her eponymous program today, MSNBC's Andrea Mitchell carried water for the Obama administration, warning viewers that not raising the debt ceiling would result in a "crisis" that would "stop the recovery." Interviewing Politico's Roger Simon, the NBC News chief foreign affairs correspondent argued that Republican opposition to empowering the federal government to borrow beyond its $14.3…

The network morning shows on Friday ignored a front page report in the New York times that government regulators have casually approved very generous compensation packages for executives at the troubled Fannie Mae and Freddie Mac. Times reporter Gretchen Morgenson explained, “The companies, whose fates are to be decided by Congress this year, paid a combined $17 million to their chief…

The media are hard at work spinning today's jobs report for maximum political advantage for the White House. Witness Los Angeles Times reporter James Oliphant, who has filed an article for publication in tomorrow's paper entitled, "Drop in unemployment doesn't mesh with Republicans' script." Here's how Oliphant opened his April 2 story:

On Wednesday's All Things Considered, NPR's Ari Shapiro acted as a stenographer for the Obama administration's energy proposals. Shapiro played four clips from the President's recent speech on the issue, and another from a sympathetic environmentalist. Even the lone clip from an oil industry representative came from someone who "supports the move to invest in biofuels and clean energy." At…

Former Clinton Labor Secretary Robert Reich, in a column appearing at Business Insider, says that we're heading in the direction of a "double-dip" -- and though he doesn't follow it with the word "recession," it's obvious he's not talking about an ice-cream cone. It's also obvious that he's less than pleased with the media spin that things are really okay. Along the way, Reich had to go back…

Senate Minority Leader Mitch McConnell (R-Ky.) announced moments ago that all 47 Senate Republicans co-sponsored a balanced budget amendment to the Constitution. As Human Events reported Thursday: