Economy

(See the Update within the post.) It's not too difficult to determine where the sympathy of the Associated Press's Christopher Wills resides in the aftermath of the Democrat-controlled legislature's passage in Illinois of steep, "temporary" four-year income and corporate tax increases. Wills cited neighboring states as "gleefully plot(ting)" to take business away from Illinois, claimed that…

Man, it is getting really deep around here -- and no, I'm not talking about the snow, though there is no shortage of it here in Southwestern Ohio. What's really deep is the claim by current Government/General Motors Chairman and CEO Daniel Akerson that because of the company's government-engineered, unsecured bondholder-shortchanging trip through bankruptcy, "we lost roughly a year in terms…

Despite the complete and thorough debunking of the media’s attempt to link common political discourse with the actions of a deranged lunatic in Tucson, one Congresswoman is taking politically correct rhetoric to ridiculous lows (h/t Michelle Malkin).  Rep. Chellie Pingree (D-ME) took to the Huffington Post to voice her opinion on the Gabrielle Giffords assassination attempt.  She starts…

Okay, who slipped truth serum into Evan Thomas's coffee? On Friday, Newsweek's "Editor at Large" (according to his bio here) appeared on "Inside Washington" (link to entire show is here; transcript not yet available). After being cued up with a softball from host Gordon Peterson about how supposedly great Friday's news about the drop in the national unemployment rate was (uh, not exactly,…

You don’t find many “gems” on a Saturday morning. It’s a lazy day, getting ready for football and a late breakfast---then Cokie Roberts, speaking on ABC’s Good Morning America, dropped the bomb. Roberts has apparently bought into the far-left's conspiracy theory that Republicans simply do not want to see Americans get jobs. Yep. Republicans are more interested in defeating old media’s Dear…

Despite virtually all economists and the Chairman of the Federal Reserve finding Friday's unemployment report disappointing, MSNBC's Ed Schultz parroted President Obama's take that the numbers released by the Labor Department were good news. The "Ed Show" host crowed so gleefully about the much-maligned data that he even said it was evidence the 2009 stimulus package worked (video follows…

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: