Economy

Come to think of it, Schultz has a point. This type of thing spells trouble for Democrats. On his radio show yesterday, Schultz was talking with a caller about unemployment when he said something that demonstrated how liberals hold mixed feelings when people make the transition from dependency on government to gainful employment --

Despite 9.6 percent unemployment nationally, with some areas of the country suffering far worse than that, the New York Times editorial board believes state governments must raise taxes to balance their budgets:

CNN's Kathleen Parker and Eliot Spitzer endorsed Matt Taibbi's bashing of conservatives on their Monday program. Spitzer marveled over the Rolling Stone editor's "brilliant" label of the Tea Party as "15 million pissed-off white people sent chasing after Mexicans on Medicaid." This was the second straight evening that the network brought on an anti-conservative author to promote their latest…

The Wall Street Journal can't seem to decide whether Sarah Palin is knowledgable on monetary policy or not. WSJ reporter Sudeep Reddy criticized Palin's "inflation hyperbole" in an article Tuesday, claiming that, contrary to Palin's claims, "Grocery prices haven’t risen all that significantly." "Do Wall Street Journal reporters read the Wall Street Journal?" Palin shot back in a Facebook…

A current headline at an Associated Press story (saved here at my web host in case it's updated) has to be seen to be believed: G20 leaders meet amid strains as US splashes cash "Splashes cash"? If the AP's headline writer was trying to be cute, it didn't work for me. Sadly, replacing "splashes" with "trashes" might have been more appropriate, but of course less "funny."

On NPR's Morning Edition on Monday, anchor Steve Inskeep welcomed a regular guest, Wall Street Journal economics editor David Wessel (from the liberal news side, not the conservative opinion-page side). The new Congress is already too "shrill" and "ugly" with libertarian argument against Federal Reserve chairman Ben Bernanke's printing money to buy government bonds: INSKEEP: Rand Paul is a…

Bill Press this weekend said Barack Obama has created more jobs in the past 20 months than George W. Bush did in his entire eight years in office. As readers will see from the actual data compiled by the Bureau of Labor Statistics, Press's comments made on the "McLaughlin Group" were so false it's laughable (video follows with transcript and commentary):

They're back, they have their media water-carriers in place, and the Obama administration is smack dab in the middle of it. The United Nations is pushing for countries in the developed world to keep their "promise" to, in the worlds of Charles J. Hanley at the Associated Press,  "raise up to $100 billion a year in new money for poorer countries to cope with climate change and reduce their…

Darn. If only the midterm elections had been held after Friday's Employment Situation Report instead of before, the results might have been very different. Apparently that's what the Associated Press's Liz Sidoti (pictured at the top right at this post's home page tease) wants us to believe, as she ended her borderline bitter take on the origins of Congressional Republicans' successful…

It's strange how this "mandate" thing works, at least at the Associated Press. In Ohio, Republican John Kasich defeated incumbent Democratic Governor Ted Strickland on Tuesday with a victory margin of about 2.5%, or almost 100,000 votes. Strickland is the first incumbent Buckeye State governor to lose a reelection bid since Democrat John Gilligan lost to Republican Jim Rhodes in 1974. In that…

During her 1PM ET show on MSNBC on Friday, host Andrea Mitchell decried President Obama showing willingness to extend all the Bush tax cuts: "We got the big hint from Robert Gibbs yesterday that that is now on the table as far as the President's concerned. How does extending tax cuts for the very – the wealthy, the millionaires, how does that help the unemployed?" Mitchell directed that…

The Bureau of Labor Statistics released the unemployment numbers for October showing “fantastic” gains of 151,000 jobs, according to MSNBC, and an unchanged 9.6 unemployment rate. CNN’s Christine Romans called it a “good report,” during “American Morning” and noted that it was the “first time in a very, very long time” enough jobs had been added in one month to keep up with new entrants…

On Thursday's CBS Early Show, co-host Harry Smith saw Republican goals to limit government spending as antithetical to improving the economy: "How do you unleash the economy and not spend any money, oh, by the way, because that's the other mandate, is don't increase the deficit and don't – don't – 'I don't want one more cent of tax on me.'" Smith put the question to Time magazine Washington…

Lawrence "Crazy Larry" O'Donnell was back to his former self during MSNBC's Election Night coverage Tuesday. During the 9 p.m. EDT hour the MSNBC anchor claimed that if Rand Paul holds to his "principles" and filibusters an attempt to raise the debt ceiling, it would destroy the United States' credit rating and possibly spark a worldwide depression. O'Donnell also pressed House Minority Whip…