Economy

Based on the view of a single economist, ABC portrayed the agreement by world powers, at the G-20 summit in Toronto, to pursue fiscal sanity over the accelerated government spending urged by President Barack Obama, as a threat the well-being of the American people. “President Obama lost an argument today with other world leaders, and some economists say that could plunge the world into a second…

As pathetic as Joe Biden's thin-skinned "Why do you have to be such a smart-a**" comment to a Milwaukee-area custard shop manager was yesterday (covered at NewsBusters; at BizzyBlog), it wasn't even the Vice President's worst Wisconsin Saturday moment. A far worse moment, in terms of familiarity with the truth, occurred as Biden rewrote history and unilaterally revised economic growth upward in…

Matt Drudge is currently linking to the YouTube version (also carried at Real Clear Politics) of Milwaukee TV station WISN's report on Vice President Joe Biden's visit to a Greenfield, Wisconsin custard shop. In it, you can hear the following exchange between Biden and the Kopp's Custard manager: Biden: What do we owe you? Manager: Don't worry. It's on us. ... (inaudible) ... Lower our taxes and…

The Los Angeles Times on Thursday published a blockbuster report concerning California welfare recipients using state-issued debit cards at casino ATMs to be able to instantly gamble with taxpayer dollars."The cards, provided by the Department of Social Services to help recipients feed and clothe their families, work in automated teller machines at 32 of 58 tribal casinos and 47 of 90 state-…

On Thursday, a new unemployment bill died in Congress as Senator Ben Nelson (D-Neb.) joined Republicans on the grounds that government spending can't go on forever. Instead of reporting both sides, the media couldn't seem to hide their anger. The bill was called a "jobless aid" package that "governors were counting on" to help "the poor" across the nation. Almost all news reports began from the…

This is one of those "I told you so" moments conservatives should really be out publicizing: The $787-billion stimulus passed early 2009 - it's not working. And on CNBC's June 25 broadcast of "The Call," CME Group floor reporter Rick Santelli explained that all government spending is not created equal, and President Obama's so-called stimulus spending was for government payrolls and not the…

Fresh off his Tea Party cover story in the June 24 Weekly Standard, CNBC's Rick Santelli foresees what could be classified as an economic black hole for the United States of America.On the network's June 24 broadcast of "Strategy Session," the CME Group reporter explained how the country could be headed down the same path and face the economic calamity the Japanese faced in what is known as the…

As Interior Secretary Ken Salazar prepares a new moratorium on offshore oil drilling after the last one was shot down by a federal judge Wednesday, lost on the media seems to be Salazar's dishonesty in promoting the policy thus far. Very few have reported that he misrepresented the position of a team of experts designed to look into the costs and benefits of the moratorium.In reality, the seven-…

While defending the Obama administration as a champion for small business owners, MSNBC host Ed Schultz revealed that his construction company more than doubled its number of employees in the past year – thanks to the stimulus bill."We've gone from eight employees to 20 employees in the past year, because of the stimulus package," he said of his construction company. "We've put some people back…

"[Carly Fiorina's] position on taxation would deprive women of childcare."The Hyde Amendment "penalizes poor women terribly.""You can't be a feminist who says other women can't" have an abortion.These are just some of the outrageous statements left-wing feminist Gloria Steinem made during an interview with CBS anchor Katie Couric on the latest installment of "@katiecouric," which was posted to…

Via the Associated Press (link may be dynamic and subject to change):  A federal judge in New Orleans has blocked a six-month moratorium on new deepwater drilling projects that was imposed in response to the massive Gulf oil spill. The White House says President Barack Obama's administration will appeal. Several companies that ferry people and supplies and provide other services to offshore…

In a recent interview, House Majority Leader Steny Hoyer (D-Md.) said that the Bush tax cuts that affect the middle class should not be considered "totally sacrosanct." The number two Democrat in the House of Representatives "acknowledg[ed] that it would be difficult to reduce long-term deficits without breaking President Obama's pledge to protect families earning less than $250,000 a year,"…

Late last year, a story carried by the wire service AFP reported on an announcement by Venezuela's Hugo Chavez that his government would launch "a new chain of government-run, cut-rate retail stores that will sell everything from food to cars to clothing." Chavez reportedly said that these "discount socialist stores" would show people "what a real market is all about, not those speculative, money…

On the June 20th edition of Sunday Morning, CBS reporter Richard Schlesinger conducted a glowing interview with pay czar Kenneth Feinberg, lauding him as someone who speaks with "moral authority" and who has "become an expert assessor of the value of life itself." Feinberg, who will now be in charge of distributing the $20 billion BP has pledged for the oil spill, previously worked with President…