Economy

Bill O'Reilly on Wednesday smacked down Bill Maher when the comedian blamed Barack Obama's bad poll numbers on racism.In the first part of his much-anticipated interview with the "Real Time" host, O'Reilly asked Maher's opinion on why the public seems to have soured on the President. After blaming Obama's woes on everyone but Obama himself, Maher said, "Of course a lot of it is racially..."Maher…

New York Times correspondent Thomas Friedman is clearly unhappy about the Tea Party, so much so that he considers the movement "not that important."Instead, he envisions another group, "which stretches from centrist Republicans to independents right through to centrist Democrats," sitting silently out there in America waiting for the right leader to emerge.So wrote Friedman Wednesday in his "The…

Today's report from The Conference Board shows that consumer confidence fell steeply in September: The Conference Board Consumer Confidence Index®, which had improved in August, retreated in September. The Index now stands at 48.5 (1985=100), down from 53.2 in August. In a report issued in the run-up to the Board's release (go to the text which follows the "Breaking News Update" here; saved at…

Chris Matthews thinks American businesses are refusing to spend money in order to intentionally harm the economy as part of a long-term plot to "screw" President Obama.Such political paranoia was actually uttered on Monday's "Hardball" as the host chatted with Eugene Robinson of the Washington Post and Charles Mahtesian of Politico.Readers are strongly advised to prepare themselves for the kind…

On CBS's Sunday Morning, correspondent Martha Teichner promoted left-wing class warfare talking points from former Clinton Labor Secretary Robert Reich: "[He] in a new book points out another ominous parallel between the Great Depression and the 'Great Recession,' its cause." Reich proclaimed: "More and more of the income that was generated by the economy went to people at the top." [Audio…

With its dwindling readership, Time magazine is fast becoming a museum piece. What better way is there to celebrate than for the publication to bring to its few readers' attention other strange curiosities? Three weeks into his cross-country Election Road Trip, Joe Klein filed a Swampland blog post  shortly after noon Eastern time today from Sebastopol, California, where he found a true rarity, a…

It’s a really skewed view of the relationship between citizens and the government – that anything you earn and get to keep by not paying to the government in the form of taxes is a show of benevolence from the government. But that’s apparently the view of Richard H. Thaler, professor at the University of Chicago. In the Sept. 26 New York Times, Thaler, declares that tax cuts are a gift in his…

Interviewing David Axelrod on Sunday’s This Week, Christiane Amanpour asked him to explain why “people don't appreciate some of the amazing legislative agenda” that President Barack Obama has “accomplished,” then with Senator Mitch McConnell she denigrated Republican Senate candidates who are Tea Party favorites: “Are you not afraid that their somewhat, one would say, some might say bizarre…

You would think someone in the U.S. establishment press would be following Uncle Sam's progress or lack thereof in getting out from under its investment in Citigroup, especially since the government promised that it would be fully divested from the bank holding company by the end of this year. From all appearances, you would be wrong. It looks like the government may not be able to keep that year…

September 2010 might go down in history as the month America's comedians took over the Democrat Party.From upcoming political rallies by Jon Stewart and Stephen Colbert to the latter testifying before Congress and the media waiting breathlessly for Bill Maher to release another video of Delaware Republican senatorial candidate Christine O'Donnell, our world has surely taken a giant step towards…

In the earlier paragraphs of a Friday report on the recently passed small business lending bill at the Associated Press, reporter Pallavi Gogoi gave readers the impression that Congress's allegedly noble intentions might be thwarted because banks and businesses who should apparently be grateful for the "help" don't want it. Gogoi gives no direct indication that the bill involves government "…

For the second week in a row Charles Krauthammer has gotten into a heated debate with the Washington Post's Colby King on the PBS program "Inside Washington."This time it was about the effectiveness of President Obama's stimulus plan. "These guys have had a year and a half and people are not happy with the results," said Krauthammer. "$1 trillion of stimulus it disappeared and there is nothing to…

An organization once headed by former Obama administration official Van Jones tried it. Other so-called grassroots organizations have given it a shot. Now Rep. Anthony Weiner, D-N.Y., with the power of Congress in tow, has taken his best shot to shut Glenn Beck down. But so far it isn’t really working. On Sept. 23, Weiner called a representative from Santa Monica, Calif.-based Goldline to…

A recurring theme from liberal media members as we approach the midterm elections is that Americans have to vote for Democrats in November so the nation doesn't go back to the way things were when Republicans ran everything.A perfect example is New York Times columnist Paul Krugman who on Friday penned a piece called "Downhill With the G.O.P.":Never mind the war on terror, the party's main…