Economy

To add an exclamation point to Brad Wilmouth's great post last night ("ABC Pushes for Tax Hike on Capital Gains, Ignores Likelihood of Tax Revenue Loss") -- in ignoring the likelihood that raising the capital gains tax rate would reduce capital gains tax collections, the network also "somehow" forgot now-retired World News Tonight anchor Charles Gibson's aggressive questioning on the topic…

It seems that Associated Press Business Writer David K. Randall made a bad call yesterday. But he only has himself to blame for engaging in what he should have known was wishful thinking. Shortly after the government's report on economic growth during the fourth quarter of 2010 came in with an annualized 3.2% reading, Randall put out this this short report: Stocks edge up after stronger…

On Wednesday's CBS Evening News, anchor Katie Couric proclaimed: "The federal commission that investigated the financial meltdown has reportedly concluded it could have been avoided. The New York Times says a report due out tomorrow finds plenty of fault to go around, including mismanagement by corporations and lax regulation by the government." Couric made sure to point out: "The report…

Last week, the president wrote in the Wall Street Journal an article titled "Toward a 21st-Century Regulatory System" in which he announced that he had issued an executive order to review all government regulations on a cost-benefit ratio basis. In itself, this is a good idea, although the president makes it explicit that the cost-benefit analysis must take account of — as benefits — intangible…

To those who follow the news fairly closely and look at underlying reports, CNN's email alerts are sometimes entertaining. Much less frequently are the accurate and informative. Even though they tend not to realize it, those who don't follow the news closely and attempt to stay informed by relying on CNN's alerts are regularly deceived by the network that used to call itself "the most trusted…

Of the three evening newscasts, only NBC's Chuck Todd on Wednesday offered no critical analysis of Barack Obama's call for both new spending and deficit reduction. ABC's Jake Tapper actually investigated the proposed plans and concluded, "...It almost looks like a wash between his new ideas for cutting and his new ideas for spending." CBS's Chip Reid also highlighted Republican opposition and…

David Gergen not surprisingly believes that increased federal spending on education - or "investments" as Democrats like to say - is essential irrespective of our nation's current fiscal crisis. On "Anderson Cooper 360" following the President's State of the Union address, former Bush press secretary Ari Fleischer did his darnedest to explain to the CNN senior political analyst that our…

This past summer, I covered a strange new metric popping up in job reports being provided by the Department of Energy; not jobs created or jobs saved, but rather - lives touched. ...(a) GAO report shows that the phrase ‘jobs created’ or ‘jobs saved’ is no longer the term of choice.  They have decided to go with – wait for it – ‘lives touched’.  

The President that expanded the role, scope, and size of the federal government more than all that came before him or since is unquestionably Franklin Delano Roosevelt. Yet on Tuesday, moments after calling Congresswoman Michele Bachmann a "balloon head," MSNBC's Chris Matthews actually said FDR "bailed out capitalism in the '30s" (video follows with transcript and commentary):

What's with the New York Times and its inability to practice what it preaches when it comes to avoiding gun-filled images and rhetoric?  A few days ago I noted how the Times had placed a bullet-riddled ad for a violent video game right on its online op-ed page. Now comes this Times headline: "Republicans’ Budget Man Draws Fire".  That is of course a metaphorical invocation of someone who by…

In a Monday Associated Press dispatch, reporter Tom Krisher virtually celebrated the idea that Government/General Motors "may be Number 1 again," with happy talk of "dethroning" and "overtaking" Toyota. Nowhere did Krisher mention the inconvenient fact that Toyota's revenues dwarf GM's to the point where comparing unit sales is an absurd waste of time. Specifically:

 On Sunday’s Good Morning America on ABC, during a discussion of President Obama’s upcoming State of the Union Address, as guest Mike Paul of MGP and Associates PR argued that Obama needs to talk about forming a "partnership" with businesses and cutting taxes, co-anchor Dan Harris fretted that there would be "political risk" in Obama getting too close to business. Harris: "Isn't there some…

For years, Democrats and their media minions have maintained that the economic boom of the '90s was caused by the fiscal policies of President Bill Clinton, in particular his 1993 income tax hike. Appearing on ABC's "This Week" Sunday, New York Times columnist Paul Krugman shockingly said what conservatives have been claiming all along (video follows with transcript and commentary):

Since its inception, NewsBusters has informed readers of the tendency of liberal media members to completely make up economic data when it fits their agenda. Not surprisingly, this happened on Friday's "Real Time" when host Bill Maher brought up Reaganomics and MSNBC's Rachel Maddow proudly told - she even stood up to tell this whopper! - a 100 percent falsehood about income gains during that…