Economy

Yesterday President Obama held court with a receptive suburban liberal audience in a backyard in Northern Virginia. Covering the story, the Washington Post assigned the article front-page real estate in the September 14 Metro section.While Theresa Vargas and Nia-Malika Henderson  noted that the group was a "partisan audience of about 30 people" which was ridiculed by Republican detractors as a "…

New York Times reporter Robert Pear ought to consider moonlighting as a stand-up comic in the tradition of Steven Wright. Wright's deadpan delivery is legendary. Pear's deadpan lines in his article about the immense paperwork burden heading the economy's way in the form of requiring IRS 1099 forms to be issued to each and every person paid $600 or more during the course of a calendar year for…

Republican strategist Ron Christie on Monday demonstrated why Keith Olbermann is smart to not have conservatives on his program, for most MSNBC hosts are just not up to the challenge.Appearing on the "Ed Show" to address some comments Newt Gingrich recently made about President Obama, Christie refuted former Air America host Jack Rice's contention that Gingrich was being racist."I disagree with…

Mark Shields on Friday demonstrated just how far a liberal media member is willing to go to support President Obama and the Democrat Party.Appearing on PBS's "Inside Washington," Shields actually made the case that despite a 9.6 percent unemployment rate, and growing fears of a double dip recession, Americans should be uplifted by the fact that more private sector jobs have been created this year…

As NewsBusters has previously reported, liberal Internet publisher Arianna Huffington is breathtakingly ignorant when it comes to basic economic theory.On Sunday, she proved it again by making an absolute fool of herself on ABC's "This Week." With the "Roundtable" segment beginning on the subject of the economy, Huffington noted how the failure of the banking bailout to stimulate growth was "…

For general discussion and debate. Possible talking point: Here's change you can believe in!The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.Census figures for 2009 - the recession-ravaged first year of the Democrat's…

Though its true nature was largely ignored by the local media at the event (noted on Tuesday at NewsBusters; at BizzyBlog), Ted Strickland's unhinged Labor Day speech at the AFL-CIO's annual picnic at Cincinnat's Coney Island has, with the help of the Republican Governors Association (RGA), garnered quite a bit of statewide attention. During his rant, Democrat Strickland denounced the Republican…

It seems reasonable from their coverage in anticipation of the Census Bureua's release of income and poverty statistics this week that Hope Yen and Liz Sidoti of the Associated Press have a roof over their heads and aren't particularly worried about where their next meal is coming from. If so, good for them; may those circumstances continue. What's remarkable, though, is how a government report…

Whenever President Barack Obama defends what his presidency to date, specifically on economic issues, he'll speak of inheriting a bad economy from the previous administration, and then assures listeners of his intention to make the economy his top priority. So why hasn't he done it? Why have there been other distractions like cap-and-trade, ObamaCare, bailouts, etc. and not a push for a real…

What if reporters hunting and pecking for happy economic news are playing up incomplete government reports? Take this AP story by Jeannine Aversa on hopes rising over jobless claims: The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren't resorting to deeper layoffs even as the economy has lost momentum.The…

Recently, the economic news has been troubling. The latest jobs report showed another month with net losses, GDP was revised downward to a "tepid" 1.6 percent for the second quarter and others sectors like housing have still shown signs of weakness. Obama's "recovery summer" came to a close with 14.9 million Americans unemployed and many worried about the overall economy. Some politicians…

For the record, here are the first and fourth sentences from the Federal Reserve's Beige Book released earlier this afternoon: Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July through the end of August, but with widespread signs of a deceleration compared with preceding periods. ... However, the…

To many, it's hardly a revelation to most, but when someone keeps taking the same action over and over again, even to his detriment, it can reveal a lot about that individual's belief system. This was an observation CNBC "Squawk Box" host Joe Kernen made about the Obama administration's willingness to embrace a populist "soak the rich" tactic against the wealthy in the United States, even…

ABC’s Diane Sawyer gave Arianna Huffington a rare gift on Tuesday night: An entire World News segment devoted to promoting the left-winger’s new book, Third World America: How Our Politicians Are Abandoning the Middle Class and Betraying the American Dream, and her Huffington Post site. Though a matching ABCNews.com posting described Huffington as a “liberal commentator,” no iteration of liberal…