Economy

In an interview with former Clinton Labor Secretary Robert Reich on Monday's CBS Early Show, co-host Erica Hill wondered if higher gas prices in the wake of Mideast unrest were the result of some sort of fraud: "We've seen prices skyrocket....Is the public right to feel taken advantage of in some ways here, or even scammed?" Even the liberal Reich didn't accept the premise: "Well look, a lot…

One doesn’t often see the New York Times reporting on laws and regulations that hurt business, so when you do you can assume there’s a liberal twist in the tale. From Bozeman, Mont., Denver bureau chief Kirk Johnson notified readers on the front of Sunday’s National section that “A Boon to the Economy Faces Repeal in Montana.” The “repeal” involves repealing the state’s six-year-old medical…

The unemployment rate finally dropped below 9 percent in February 2011, after 21 months at that rate or higher. The Labor Department reported March 4 that the rate had dropped 0.1 percent to 8.9 percent. The New York Times called it a “notable” improvement, but in 1983, the Times was downbeat about better jobs news. “The economic waiting game may soon be over, as businesses signal that they…

New York Times columnist Paul Krugman doesn't believe education is the key to solving America's economic woes. Quite the contrary, in his recent article "Degrees and Dollars," the Nobel Laureate argued that the path to a more prosperous nation is for unions to have increased bargaining power and for everyone to have "free" healthcare:

Does a sycophantic devotion to the President make liberal media members lose all connection to reality? Before you answer, consider that on Friday, Newsweek's Eleanor Clift and liberal radio host Bill Press actually said on PBS's "McLaughlin Group" the U.S. auto industry is stronger than it ever was (video follows with transcript and commentary):

Shep Smith: putting the liberal balance into Fox News Channel's fair-and-balanced reporting . . . On Fox Report this evening, Shep sneered at Gov. Walker's budget-repair bill, sniffing at it as "so-called" reform, sarcastically adding that as far as union members facing layoffs are concerned, "it's no repair to them." Later, interviewing FNC's White House correspondent Mike Emanuel, a…

The left-wing comedian Jon Stewart is at it again after ripping conservative Republicans for going after public sector collective bargaining. Stewart updated the situation in Wisconsin Thursday night on the "Daily Show," reporting on Wisconsin Gov. Scott Walker introducing his new budget proposals. "He has put public sector unions on notice, and particularly teachers, that the gravy train…

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…