Economy

You've probably noticed that those prices at the pump have risen considerably over the last month or so. But don't worry! It's not that big a deal! Well, according to Yahoo! Finance's Daniel Gross, that is. Why? Well, Americans are consuming less gas per capita than a few years ago, cars are more fuel efficient, and people are just plain getting weary of more and more traffic (and, hence, are…

 Appearing as a guest on Friday’s Countdown show on MSNBC, Washington Post staff writer and Newsweek columnist Ezra Klein defended Obamacare and warned Republicans against attempting to repeal the law as he contended that some provisions are popular with the public. After host Keith Olbermann asked if Democrats should "relish rejoining the fight over health care reform" because it could hurt…

Well, that didn't take long. AP reporters Calvin Woodward and Andrew Taylor answered the bell and came out swinging at the Republican House within hours after John Boehner was sworn in as Speaker, accusing the GOP of supposedly breaking a number of core promises. As usual when the wire service covers Republicans, there's no shortage of inconsistency bordering on hypocrisy coming from AP's…

President Obama has taken an admirable stand for fiscal austerity, and blasted attempts to yet again raise the debt ceiling, which currently stands at $14.3 trillion (with a T) - or roughly the GDP of the United States. Said the president: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its…

As she debated conservative rocker Ted Nugent on a special edition of CNN’s Anderson Cooper 360 on Wednesday during the 9:00 p.m. hour, liberal comedian Roseanne Barr tagged Sarah Palin a "loon" and a "traitor to this country" and, although she apologized later, called Palin’s followers the "dumbest people on Earth," and described them as being "on the government dole." Barr: "I think she's a…

Tuesday's "Morning Joe" panel on MSNBC played the class warfare card, highlighting tension between the American middle class and the richest Americans who profit from the global economy. Impassioned co-hosts Joe Scarborough and Mika Brzezinski gave credence to middle class frustration at the widening gap between them and the ultra-rich. The Atlantic magazine's editor-in-chief James…

In his report on the escalating dispute between the State of Texas and the U.S. Environmental Protection Agency, one thing you cannot accuse Ramit Plushnick-Masti of the Associated Press of being is a master of understatement. He claims that "Both sides and conservation groups agree the battle has put the health of Texas residents and the environment at risk." Really? The only problem is that…

What kind of an idiot must you be to believe that tax cuts have an equal dollar for dollar negative impact on a government budget as spending increases do? The most obvious answer given the charge of this website is a liberal media member, and the Washington Post's E.J. Dionne nicely proved this point with his column Monday:

John Lindsay might have been the worst mayor in NYC history. Epitome of the limousine liberal, Lindsay nearly bankrupted the Big Apple. But that hasn't stopped Jon Meacham from lauding Lindsay as  "one of the greatest mayors in New York history."  The former Newsweek editor bestowed the honorific title while appearing on today's Morning Joe. Meacham's comment came in the context of grouping…

Despite the bipartisan tax cuts orchestrated by the White House and Congress - and heralded by most Wall Street analysts! - in December, calls for tax hikes by liberal news outlets will be prevalent in the new year. Confirming this was the New York Times on Sunday pounding this drum with predictable certitude in an editorial simply titled "The Economy in 2011":

No matter how long I analyze liberal media thinking, it never ceases to amaze me. Consider if you will the following paragraph from E.J. Dionne's column in Thursday's Washington Post:

Gas prices are "soaring" again, crossing the $3-a-gallon threshold on Dec. 23 for the first time since Oct. 17, 2008. Back then the benchmark was a relief as prices plunged from the highest price ever of $4.11. Pump prices have been climbing all month, yet network reports downplayed the pain and suffering of consumers. Jim Axelrod of CBS called it "bad news" after reporting some positive…

Next time Barack Obama is looking for a character reference, there's at least one person he can count on: Savannah Guthrie . . . On Morning Joe today, the NBC White House correspondent personally vouched for PBO, saying "I know the president looks at [middle-class tax cuts] as a moral issue." View video after the jump.

Not that it's a big surprise, but it seems that the answer to "How do we spin Christmas shopping season?" at the New York Times depends on which party occupies the Oval Office in Washington. Monday, The Times's Stephanie Clifford, with the help of two other reporters, blew the holiday sales horn. Here are the first few paragraphs of her report, entitled "Retail Sales Rebound, Beating…