Economy

Remember that $787-billion stimulus passed last year, the one that was supposed to keep unemployment from hitting double digits by invigorating a new green economy?  Well it hasn't exactly worked. Conventional wisdom would suggest not trying it again. Based on the nearly 10 percent unemployment, it's obvious Keynesian economic policies, where the government is a major force in an economy, don't…

Cheering some Republican support for Democratic financial reform legislation on Wednesday, CBS Early Show co-host Maggie Rodriguez declared: "encouraging news out of Washington, that after a week or so of attacking this financial bill that the Democrats are proposing to regulate Wall Street, Republicans are changing their tone and they seem to be wanting to come on board." Rodriguez turned to…

The Wall Street Journal's headline and reporter Jeff Bennett's opening paragraph concerning Chrysler Corporation's first announcement of financial results since 2007 got right to the key points: Chrysler Reports $4 Billion Loss Since Exiting Bankruptcy Chrysler Group LLC lost nearly $4 billion since exiting bankruptcy last year, but the company reported a first-quarter operating profit this…

President Obama has extensive ties to Goldman Sachs. Yet even given record-breaking financial contributions and sketchy relationships between Goldman executives and Obama officials at the highest level, the mainstream media will not afford Obama the same scrutiny it gave to George W. Bush during the collapse of Enron.Obama's inflation-adjusted $1,007,370.85 in contributions from Goldman employees…

Surprise: NBC finally found a business it likes - even a business decision it likes: companies that help homeowners who decide to walk away from their mortgages. "New figures show foreclosures in the U.S. are up about 35-percent from a year ago," Matt Lauer kicked off an April 20 segment of "Today" that encouraged homeowners - even those financially comfortable - to simply walk away. "And a…

It's pretty obvious that oftentimes the media and the Democratic Party work in concert to marginalize opposition of a common goal. ABC's George Stephanopoulos working with White House Chief of Staff Rahm Emanuel was just one example. The question is, how far will the media and Democrats take it?  According to Rep. Michele Bachmann, R-Minn., if the passage of ObamaCare is evidence, they're…

On the surface, it's one of the Associated Press's better dispatches from the real world on the state of the economy as people are experiencing it. Datelined in Twinsburg, Ohio, Megan Barr's Monday morning report, "Recession is ending? Some Americans don't buy it," does a good job of mixing macro and micro elements, painting a picture of a struggling town, a non-improving state economy (now…

Liberals are all too often eager to charge conservative personalities of using hyperbole to gain a political advantage, especially when it contradicts their world view - whether it's suggesting the Obama administration is taking the country down the path of socialism, fascism or any other -ism. However, it could be argued there's a different set of standards for those same people when they want…

Talk about running interference. On Wednesday, Congressman Henry Waxman cancelled hearings, or what Michelle Malkin referred to as "show trials" in her Friday syndicated column, designed to put the spotlight on companies that dared to do what they legally had to do in response to the passage of ObamaCare: tell the public the estimated impact on their bottom lines relating to a specific tax law…

Watch the latest business video at <a href="http://video.foxbusiness.com/">video.foxbusiness.com</a>It is virtually impossible to separate economics from politics, and politics from a society's culture - but…

MSNBC's Monica Novotny on Friday highlighted a dubious Vanity Fair piece lamenting the "cost" of the Republican Party opposing Barack Obama's agenda. The News Live host talked to writers Duff McDonald and Peter Keating about their contention that the "party of no" has cost taxpayers $1.34 billion. Apparently, the GOP and various conservative organizations total this much by not supporting health…

The media is still having trouble understanding the Tea Party movement and what it is protesting, even though its roots are clear.  On Feb. 19, 2009 during CNBC's "Squawk Box," Rick Santelli made his famous rant heard around the world, calling for a so-called tea party-style revolt. And that helped fuel the growth of a Tea Party movement that has resulted in more than 600 protests this April 15…

Whenever you are bored or in need of a good laugh, help yourself to some mainstream media coverage of the economy under President Obama. Each month we at NewsBusters wonder how the recession will be spun anew, and each month news outlets act with increasing hilarity. First up for April was an earnest little piece by USA Today writer Matt Krantz published Thursday. Krantz insisted on reporting "…