Economy

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…

When the legislators and good-government people who drafted the law requiring the Government Accountability Office (GAO) to audit and render an opinion on the financial statements of the federal government as a whole and the major departments within it, they must have known that early-year results would not be very pleasant. But I also suspect that they thought the shame of being exposed as…

To those who have spent time following new reports emanating from the Associated Press, it's not exactly a secret that many of the alleged journalists who work there are having difficulty with the idea that there will be a new Republican majority in the House during the next two years. A further annoyance is that many members of that majority, especially the newer ones, hold sensible,…

 Appearing as a guest on Monday’s Parker-Spitzer on CNN, Chrystia Freeland of Reuters claimed that the European economy is at an advantage compared to the U.S. because of America’s lack of universal health care. But, when fellow guest Will Cain of the National Review pointed out that America’s economy outperforms Europe, Freeland was only able to name one nation in Europe - Germany - whose…

In its reports about the U.S. homebuilding industry and new home sales, the Associated Press has gotten lazy and/or deliberately deceptive. In doing so, it is giving readers, listeners and viewers at its subscribing outlets a completely incorrect impression that the industry and market are getting off the mat after recently being in their worst shape, in their words, "in 47 years." After…

2010 will be by far the worst ever in the 48 years records of new home sales have been kept, and there is little if any reason to believe things will get better soon. The news on existing home sales has hardly been better, given the price reductions sellers have had to make to move their homes. Graphics will follow shortly indicating just how bad the market for new and existing homes has been…

As Barack Obama took his legislative victory lap Tuesday, he boldly claimed this was "the most productive postelection period we've had in decades" and "the most productive two years that we've had in generations." Not caring what "productive" means, media across the country dutifully parroted the President as the following video created by the folks at Breitbart TV marvelously demonstrates…

Someone check the cider bowl at the New York Times Christmas party.  Looks like it was spiked with some wacky wassail weed, and that Paul Krugman drank deep—very deep—from it. In his Humbug Express column today, the honoree of a fringe Scandinavian leftist group claimed—apparently lost in the throes of cider-induced delusions—that the left's ability to promulgate its propaganda is dwarfed by…

If you only read CNNMoney.com's Dec. 17 attack on the tax cut deal you might think that Congressman Mike Pence, R-Ind., opposed extending the Bush-era tax cuts because of the cost. But that's not the case. CNNMoney senior writer Chris Isidore wrote the article: "Costliest stimulus, weakest payoff" attacking the tax deal Congress passed. Using the Congressional Budget Office (CBO) figures…