Economy

It is crunch time for President Barack Obama and Democrats. The writing on the wall suggests the president and his party will suffer severe losses and will ultimately lose control of one, if not two chambers of Congress in November. And this was something Obama addressed in a Labor Day speech in Milwaukee on Sept. 6, but he also complained about how he has been personally treated by his critics…

CNN's Rick Sanchez took a very strong position about a White House promise on Monday only to have to backtrack and admit he was wrong 45 minutes later.During Monday's "Rick's List," Sanchez challenged Republican National Committee communications director Doug Heye about his claim that the Obama administration said the unemployment rate wouldn't exceed eight percent if Congress enacted the…

It's interesting, and more than a little frustrating, to see how inflammatory words in speeches delivered by liberal and leftist politicians that might cast them in a bad light don't seem to make much news. One such example occurred in a speech yesterday at Cincinnati's Coney Island, on the occasion of the AFL-CIO's huge annual picnic there. At that event, Ohio Governor Ted Strickland lashed out…

On Tuesday's CBS Early Show, co-host Harry Smith touted President Obama's economic proposals and portrayed Republicans as obstructionist: "Obama's new plan. The President proposes to spend $50 billion on roads, airports, and railways and offers businesses a $200 billion tax cut. But the GOP says not so fast."Later, Smith introduced a report by senior White House correspondent Bill Plante: "With…

As the not-so "recovery summer" draws to an end, many are scratching heads, wondering what it will take for the economy to pull out of this recession. According to Maria Bartiromo, host of CNBC's "Closing Bell," it will be political change in Washington, D.C. In an appearance on NBC's Sept. 7 "Today," she said the best stimulus would be a Republican-controlled House of Representatives. "This…

Erin Burnett, one of CNBC's famed "money honeys," exaggerated the relative strength of the economy Sunday in order to boost the success of President Obama's stimulus plan.Appearing on NBC's "Meet the Press," Burnett several times characterized this economic recovery as not only far stronger than any of the indicators suggest, but also "faster" than those in the recent past."Our recovery started…

National Review's Rich Lowry on Sunday had a classic debate with Washington Post columnist E.J. Dionne about whether or not the tax cuts implemented by former President George W. Bush should be allowed to expire.Dionne agrees with President Obama that they should only be extended for folks making less than $250,000 a year; Lowry thinks that raising anyone's taxes right now could send the country…

Obama administration Labor Secretary Hilda Solis (pictured at right with what I would guess is her ideal car of the future) shamelessly used Labor Day weekend as an opportunity to score political points. In a presentation that was more a political stump speech than an informative presentation, Solis recited a litany of alleged accomplishments. Many of them have no relationship to what her…

In a post at National Review Online's Battle '10 blog last night, Mytheos Holt commented on a report seen at the Huffington Post: HuffPo Panics about GOP Sweep of Ohio Looks like the Huffington Post is buying into the “As Ohio goes, so goes the nation” meme this election cycle, based on a story out today. The HuffPo item is by Liz Sidoti. But Sidoti is a national politics writer for the…

Filling in for Bob Schieffer as host of Face the Nation, Early Show co-host Harry Smith brought his liberal sensibilities to the Sunday show, pressing his economic panel to agree the Bush tax cuts should not be extended, the stimulus was too small and so another would be wise – even suggesting a return to an FDR-era government make-work jobs program: “What about, say, something like a new WPA?” …

New York Times columnist Tom Friedman on Sunday accused Barack Obama of badly misreading his Election Day mandate, and said the current White House is the worst communicating administration he's ever seen.Appearing on the Roundtable segment of ABC's "This Week," Friedman blasted the President saying, "I'm for more health care. I'm glad we've extended it to more Americans. But the fact is there's…

Jay Leno on Friday ribbed Barack Obama, Bill and Hillary Clinton, and the poor state of the economy.In his opening monologue on the "Tonight Show," the comedian began with a lot of politics first joking about the President's Middle East peace talks, then moving to the war in Afghanistan, and eventually a poke at airline security.On the day the Labor Department announced an uptick in the…

The following headline appeared at Time.com shortly after the release of Friday's jobs report:What's Good About Rising Unemployment What should jump out at the eagle-eyed reader is that headline didn't end with a question mark.Time senior writer Stephen Gandel was actually making the case that the rising unemployment rate was good news.Watch just how far a liberal media member is willing to go…

Can you imagine what would happen to the economy if top wage earners were taxed at 70 to 90 percent?Former Clinton Labor Secretary Robert Reich can, and he thinks it's a great idea.To be sure, many Americans were concerned that giving Democrats control of the executive and legislative branches of our government during an economic crisis could usher back in socialist tendencies first seen in this…