Economy

CNN "Newsroom" anchor Kyra Phillips reported the "breaking news" about July's unemployment data just after 9 a.m. Aug. 6. Misreported would be more accurate. "We begin with the breaking news this morning on a broken economy. We have new evidence of just how feeble the recovery is and how many Americans have nothing to show for it," Phillips said. "The nation's unemployment rate has…

Bad economic news just keeps piling up. Today, the news about jobless claims from the AP:Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had…

It seems that not even the truth can possibly overturn the narrative that President Obama and the Democrats in Congress have brought transparency to Washington.Last Wednesday I wrote about how the Dodd-Frank financial regulatory bill Obama signed into law last month contains a provision exempting the Securities and Exchange Commission from Freedom of Information Act requests. Such an exemption…

Good Morning America's Jon Karl on Tuesday highlighted a new report by two Republican senators on extreme examples of waste in the stimulus bill. Karl rattled off some eye catching data: "$71,000 for researchers at Wake Forest University to see how monkeys react under the influence of cocaine." The ABC journalist informed viewers that Senators John McCain and Tom Coburn released their new report…

As a small number of so-called "moderate Democrats" voice opposition to raising taxes in the middle of a weak economic recovery, a movement is surfacing in the liberal media to shout them down and force the expiration of the Bush tax cuts. One such voice is Fareed Zakaria who used the Sunday CNN program bearing his name as well as a Washington Post op-ed Monday to make his dishonest case.…

What a fine group of happy warriors! Right Online 2010 turned out over 1,000 like-minded activists from over 30 states. These passionate folks walked the over-100 degree streets of Las Vegas to educate voters that November Is Coming.Should the Democrats be worried? No. They should be resigned. The real worry-warts should be Republicans consistently intent on selling out their principles. Be…

George Will and Paul Krugman had another showdown about fiscal policy on Sunday, and the ABC contributor made it crystal clear to viewers that he doesn't agree with the perilously liberal New York Times columnist.As the Roundtable segment of "This Week" moved to a discussion of whether more economic stimulus is needed versus deficit reduction, Krugman made his predictable request for the former.…

During the past week, MSNBC’s Ed Schultz had trouble acknowledging that allowing a tax cut to expire, in effect, is a tax increase, as he debated on the Ed Show the issue of whether the tax cuts passed during the Bush administration – due to expire at the end of this year – should be extended beyond 2010. On Tuesday’s show, even while noting that the top marginal rates would increase from 35 to…

So last week, in the Rose Garden, President Obama paraded out three jobless folks, using their plight to implore Congress to extend unemployment benefits. One of them was a delightful woman named Leslie Macko. Here’s what he said about her. “We need to pass it for Leslie Macko who lost her job at a fitness center last year and has been looking for work ever since because she eligible for…

PBS recently responded to accusations of a liberal slant to its July 23 Need to Know program which featured satirist Andy Borowitz making fun of Sarah Palin’s intelligence as the show's executive director Shelley Lewis claimed that, because the previous week's episode had featured a segment that was critical of President Obama, the program in reality has been balanced in going after political…

It would appear that someone at CNBC listened to the Mark Levin Show on Thursday. Either that, or someone at the network paid attention to his or her e-mail alerts and read my post that went up in the wee hours Friday morning (at NewsBusters; at BizzyBlog). Likely in response to our criticisms, CNBC has revised and "clarified" a report by CNBC staff writer Jeffrey Cox. The network's revised and…

Hey, it's Friday night. Time to kick back and enjoy some—unintentional—humor, courtesy Ed Schultz.Big Ed sees soup lines around the corner if we "continue to follow the Republicans" [sic].  His solution to stave off disaster?  The extension of unemployment benefits. . .  . "endlessly."Say Ed, are you aware that FDR's New Deal socialism failed to dent the Depression?