Economy

MSNBC's Martin Bashir has only been on the job for a few days, but the newly-minted anchor is already letting his liberal flag fly. On his eponymous program today, Bashir was dumbfounded as to why Congress is reluctant to hike taxes on the rich and end tax deductions for oil companies. "Why won't Congress simply do what the people want?" lamented Bashir, interviewing Sen. Bernie Sanders (I-…

Philip Elliott at the Obama White House's state-compliant wire service reports, and distorts (bolds are mine): Barbour says Obama cheers for higher gas prices   Mississippi Gov. Haley Barbour, a potential presidential contender, accused the Obama administration Wednesday of favoring a run-up in gas prices to prod consumers to buy more fuel-efficient cars.   Barbour cited…

Jon Stewart's latest anti-conservative screed included a satirical defense of top income earners and a tongue-in-cheek plea for teachers to pay their fair share, in the wake of the Wisconsin protests. On Monday's "Daily Show," the Comedy Central host offered a shallow assessment of the entire Wisconsin situation with not a single critical look at the state's public sector unions. Stewart's…

Retired Service Employees International Union President Andy Stern was recently interviewed by Journolist organizer and Washington Post staff writer Ezra "the Constitution is confusing because it was written more than a hundred years ago" Klein. In response to a question from Klein about "the animosity between unions and workplaces" (that is what Klein says he said), Stern made an interesting…

As gas prices rose in 2008, network reporters mentioned President Bush in 15 times as many stories than they brought up President Obama in a similar period in 2011. Bush drew gallons of coverage in 2008. Comparing a 20-day span of rising gas prices in 2008 to 24 days of rising prices in February 2011, the Business & Media Institute found the networks did more than 2 ½ times as many…

Joe Scarborough's "intuitive gut reaction" to the mess in Wisconsin is that Gov. Walker's holdout against union pleas for collective bargaining "seems kind of un-American" to him. It supposedly pained the self-described small-government conservative to say it, but he held to his opinion on Monday's "Morning Joe." "I'm going to get killed for saying this," Scarborough hesitantly prefaced…

Late last week (covered at NewsBusters; at BizzyBlog), a Goldman Sachs economist issued a dire warning cutting current-year federal spending by a measly $61 billion, or about 1.75% of the administration's full-year projected spending total, would significantly reduce economic growth in the coming quarters. If this were so, the economy would booming beyond belief right now, given that the Obama…

Shades of bitter-clingers! Chuck Todd has developed an interesting device to delegitimize support for Gov. Scott Walker, depicting his backers as uneducated, frustrated, blue-collar people who are willing to "lash out at government workers." Yup, there's no respectable basis to support Walker and his call for reforms on a collective bargaining system that has nearly wrecked Wisconsin and…

Thursday, an odd warning emanated from the halls of the supposedly esteemed investment firm known as Goldman Sachs: If Uncle Sam spends $61 billion less during the second half of the current fiscal year, and ends the year with "only" $3.758 trillion in spending instead of the administration's anticipated $3.819 trillion, economic growth will be seriously harmed. Yesterday, similar nonsense…

Cincinnati Enquirer reporter Malia Rulon seems to have misplaced her objectivity when she prepared a February 21 front-page report on legislation passed by the House that would reduce projected spending during the current fiscal year by $61 billion. Later in this post, I will present evidence showing that Ms. Rulon's objectivity has likely been missing in action for many years. This amount…

Although it would be unfair to characterize Derek Kravitz's report at the Associated Press this morning on the Census Bureau's new home sales report as anything but bleak, the AP reporter missed what should have been the most obvious stat: The 19,000 new homes actually sold nationwide in January 2011 (i.e., not seasonally adjusted, real number) is the lowest for any single month on record in…

Good Morning America news anchor Juju Chang on Thursday made a goof that could surprise her morning show audience. Discussing instability in the Middle East, the reporter claimed that oil prices have been pushed above "$100 per gallon." Obviously, Chang meant that oil prices are now over $100 per barrel. The current national average for a gallon of regular gasoline is $3.22. (See below for…

James Taranto could be the best columnist around.  Every day at his Best of the Web at the Wall Street Journal online, Taranto turns out an original, often unconventional, conservative take on the news, regularly managing to leaven the message with humor. Rush today rightly extolled Taranto's column of yesterday, in which he made the point that there is a vast, inherent difference between…

At the risk of giddy over-optimism, I have the hunch that the American voting public is beginning to demand legislating that actually deals with the nation's problems. There is creeping — still ambiguous — evidence of this, starting with the national polling data. I argued last December that President Barack Obama's support for the extension of the Bush tax cuts would not end up helping him…