Economy

CNBC's Jim Cramer appeared with Matt Lauer, on Tuesday's Today show to pronounce that big business is warming to President Obama as he cheered: "This is a new president. The market is up 12 percent since he changed his ways. He doesn't say he's changed his ways, but boy business sure feels he has." Cramer even went on to predict the economy would be recovered by the 2012 election as Obama was…

MSNBC's Ed Schultz began his show Monday railing against American corporations sitting on trillions of dollars of cash while refusing to exhibit "economic patriotism" by using those funds to add to their payrolls. In a demonstration of classic liberal hypocrisy, the host of the "Ed Show" finished his program calling AOL's purchase of the Huffington Post "a big f-in deal" while not once asking…

According to Brett J. Blackledge at the Associated Press, when it comes to unspent stimulus money, cue the MC Hammer ("U Can't Touch This") and go away. In a Friday "analysis" in the wire service's "Spin Meter" category (HT Sweetness & Light), Blackledge, using words which clearly communicate which side he's on, in essence tells those whose goal it is to reduce federal spending to a more…

Former Reagan Chief of Staff James Baker on Sunday took issue with having the 40th President blamed for financial deregulation. When "Meet the Press" host David Gregory brought this up at the end of his program, Baker replied, "[The deregulation of the financial industry didn't occur on Ronald Reagan's watch, it occurred for the most part, I think, on Bill Clinton's watch" (video follows with…

April 1984 was the U.S. economy's 19th post-recession month while Ronald Reagan was President. It was a month during which the government initially reported that the unemployment rate remained at 7.7%, while the number of jobs added was 269,000. By the time the government made all its subsequent revisions over the next few years, the final jobs-added figure was 363,000. On May 5, 1984, in an…

Someone needs to tell the Associated Press's Jeannine Aversa and Christopher Rugaber that just because the number of unemployed people declines, it doesn't mean that they "found work." That must be what the pair believes. Their error-riddled and suspect supposition-driven Friday afternoon report, whose title predictably focused on the unemployment-rate drop while ignoring the pathetic…

As NewsBusters previously reported, CNBC's Rick Santelli was very disappointed by Friday's jobs report from the Labor Department showing a surprising decline in the unemployment rate to 9.0 percent. Disappointing is hardly the word I would use for buried inside the numbers was another huge decline in the size of the American labor force that should have economists and government officials…

Oops, they did it again. President Obama's grabby-handed environmental bureaucrats have earned yet another spanking from the federal judiciary over their "determined disregard" of the rule of law. Isn't it time to give these misbehaving government hooligans a permanent timeout? Federal judge Martin Feldman in Louisiana excoriated the Obama Interior Department Wednesday for defying his May…

Jobs are heading up and down at the same time. The Bureau of Labor Statistics announced the morning of Feb. 4 that only 36,000 jobs were added in the month of January, but the unemployment rate dropped from 9.4 percent to 9.0 percent. The mainstream news media will likely latch on to the dropping unemployment rate, despite job gains that were less than one-fourth of the consensus estimate of…

Here's a modest proposal for liberals who say they support job creation: Stop smearing successful, law-abiding private companies whose values don't comport with yours. I'm looking at you, New York Times. Chick-fil-A is an American success story. Founded by Georgian entrepreneur Truett Cathy in 1946, the family-owned chicken-sandwich chain is one of the country's largest fast-food businesses.…

On Tuesday's "Daily Show," liberal comedian Jon Stewart flashed a smirk and wondered why the conservative base of the Republican Party is "so easily ignitable." The comedian hosted former Republican Party chair Michael Steele, who recounted the story of how he had to go about "re-igniting our base" after the party lost the White House and fell further into the minority in Congress in 2008. "…

Ed Schultz on Tuesday spent a great deal of time blaming the crisis in Egypt on rising food prices tying commodity inflation to former President George H.W. Bush and Wall Street speculators. Not once in over fifteen minutes of air time were the name Bill Clinton or the two bills he signed into law that deregulated the financial services and commodity futures industries mentioned (videos…

Time magazine's Bryan Walsh couldn't write up a story on the need for more electricity in developing countries without shoe-horning in a dire warning about climate change. In a January 31st story entitled "Building a Country by Switching on the Lights," Walsh initially warned readers that in addition to the problems of fighting malaria and improving infrastructure that there was "a blind spot…

On Wednesday, the Associated Press's Andrew Taylor covered the latest deficit projections released by the Congressional Budget Office. In his treatment of the predicted unemployment rate, Taylor betrayed no concern whatsoever about the plight of the millions of unemployed who are in that position largely because the Obama administration attempted to bring about an economic recovery through…