Economy

Reporting Thursday from Capitol Hill, MSNBC congressional correspondent Luke Russert touted a likely win for Senate Democrats on the Financial Reform Bill, saying it would be a "huge victory.""Obviously, [President Obama] ran on the slogan 'Change you can believe in,' with health care reform and financial regulatory reform," Russert commented, thus tying the passage of the financial reform bill…

UPDATE - 7/15, 7:00 PM: Politico makes a nearly identical argument. Ace tears it to shreads. Details below. The folks at ABC News are confused. Democrats are passing all this awesome legislation, they posit, so why are Americans acting so hostile and looking to hand Congress to the GOP? The key problems, ABC's Z. Byron Wolf deduces, are that Democrats simply have not embraced liberalism enough…

MSNBC's Dylan Ratigan appeared on Morning Joe, Wednesday, to dismiss Barack Obama as a "little boy" in the eyes of Wall Street and to assert the President "just bends over," rather than stand up to the financial industry. [Audio available here.]The charged language surprised host Joe Scarborough who sputtered, "You know, I was so uncomfortable with a couple of the things you said and then the…

Liberal talk radio host Bill Press says President Obama's poll numbers are down because Americans are spoiled, impatient children that want everything solved yesterday.After describing to his listeners Tuesday all the fabulous accomplishments this president has made since taking office in January 2009, Press admonished the citizenry for giving the White House resident poor grades for his efforts…

Once again, it's clear that reading editorials and op-eds at publications like the Wall Street Journal and Investors Business Daily becomes a requirement to be truly informed when a Democratic administration in power. On July 6, Peter Ferrara at IBD noted that the annual report from the trustees of the Social Security and Medicare system is long overdue, and wondered why: Are Overdue Reports…

Good Morning America's George Stephanopoulos on Tuesday spun a new ABC News/Washington Post poll, emphasizing problems for the Republican Party over dour news for Barack Obama. The co-host ignored a finding that likely voters want the GOP to take control of Congress by a margin of 56 to 41. He did, however, repeat the lower number of registered voters who prefer the Republicans, 51 percent.…

On Saturday's CBS Evening News, anchor Jeff Glor decided what should be at the top of Congress's agenda as it returned from the July 4th recess: "Congress returns to Washington next week to face a big backlog of unfinished business, and topping the list is the future of unemployment benefits."In a report that followed, senior White House correspondent Bill Plante chided elected officials for…

While Washington lawmakers may be deadlocked over extending unemployment benefits, the liberal media are picking up the slack and helping unemployed individuals find more government help. In a July 13 story on CNNMoney.com, reporter Hibah Yousuf profiled two individuals who've been unemployed for over 99 weeks, the maximum number of weeks a person is eligible for unemployment benefits. Yousuf…

An outraged electorate has just handed Japan's ruling party its hat in elections for half of the seats in the upper house of that country's parliament in a direct reversal of election results from a year ago. Opposition parties made major gains. The results constitute a resounding rejection of a massive value-added tax increase proposed by a guy whose immediate predecessor of the same party…

Leave it to Dylan Ratigan, one of the star personalities at MSNBC who seems to be constantly looking for a reason to be angry. On his July 12 show, Ratigan posed his view on how trade between China and the United States operates. According to Ratigan, importing products where labor costs are significantly lower is akin to slavery. He specifically named Foxconn, a company that manufactures…

The financial regulations package recently passed by the House of Representatives would create a new diversity overseer at each of the major federal financial regulatory agencies, including the new ones created by the legislation itself. This new office, called the Office of Minority and Women Inclusion, would take over from any existing diversity or civil rights office already working at…

After pushing manmade global warming for years, the folks at Newsweek appear to be cooling on the idea.Prominently placed at the front page of the magazine's website Monday was a large, overhead picture of what appeared to be a golf fairway or park with the following headline in green:A Green Retreat: Why the Environment is No Longer a Surefire Political WinnerEven more surprising was the…

Channeling her inner Nancy Pelosi, Rachel Maddow on Sunday actually said extending unemployment benefits is "the most stimulative thing you can do" to help the ailing economy.Appearing on the panel discussion of NBC's "Meet the Press," Maddow boldly presented a liberal view of economics that only the current House Speaker would be proud of."I think that most Americans also, though, understand the…

I was quite surprised to see the difference in tone between two different Associated Press reports on retail sales Thursday. The earlier article, unbylined and time-stamped at 10:43 a.m. at MSNBC (HT Hot Air), has the headline "Nation’s retailers post tepid June sales" and this subheadline: "Concerns about back-to-school shopping, health of recovery." It is decidedly downbeat. The later AP item…