Economy

Back on Christmas Eve of 2009, Obama's Treasury Dept. said it would lift the limits on what the federal government could provide in "emergency aid" to Fannie Mae and Freddie Mac - without seeking Congressional permission.  Very few reporters noticed, except for The Washington Post's Zachary Goldfarb who reported the story on Christmas Day and CNBC CME Group reporter and tea party inspiration…

Is it "crossing the line" to ban salt from use in restaurant kitchens? That's what MSNBC's Tamron Hall asked of her viewers shortly before 3 p.m. on March 11. To discuss the issue, she interviewed New York State Assemblyman Felix Ortiz (D) on his proposed legislation calling for a ban of salt use in Empire State restaurant kitchens. Each violation would carry a $1,000 fine.Hall failed to balance…

The sour economy has forced many Americans to tighten belts, and everyday Americans expect the same from their government. But that's practically unconscionable to the Washington Post as witnessed by its March 10 article, "Va.budget plan would shrink general spending to 2006 levels."* Here's how Post staffers Rosalind Helderman and Fredrick Kunkle launched into their lament of the pending budget…

On Tuesday's Newsroom, CNN's Tony Harris applied liberal thinking on race to the unemployment rate, speculating if the debate over jobs would change if whites were out of work like minorities were: "I wonder what the discussion about jobs in this country would be like if the rate of white unemployment in this country was, say 15, 16 percent, as it is for African-Americans."Harris brought up the…

A report released Monday says that California's new global warming law will increase unemployment in the Golden State.The announcement was in stark contrast to continual claims by the Left and their media minions that proposed cap and trade legislation at the federal level will result in an explosion in green jobs.As reported by the Los Angeles Times Wednesday, the nation's most populated state,…

Rush mentioned this on the air as his show opened. It comes from the Associated Press, in a later paragraph of an Obama cheerleading item ("Obama pitches health plan in spirited appearance"; AP picture at right is from that story) by Julie Pace and David Espo. The paragraph in question opens by giving readers the impression that either Pace, Espo, or another AP person has actually seen language…

The economics of personality? The concept defies logic not to mention the laws of finance and accounting, but according to Newsweek's Eleanor Clift it wasn't the combination of President Ronald Reagan's attack on inflation and his low tax rates on individuals and businesses - but his personality that rescued the economy from the malaise of the early 1980s. On the "The McLaughlin Group" March 7…

It's bad enough that the Obama administration ("Obama administration encouraged by steady unemployment rate") and Harry Reid (see video snippet at link) both tried to pretend that February's Employment Situation Report issued by Uncle Sam's Bureau of Labor Statistics, which showed that the official unemployment rate was the same as January's 9.7% and that 36,000 seasonally adjusted jobs had been…

Perhaps President Barack Obama might have preferred New York Times columnist Tom Friedman to reserve these comments for their golf outings together, but has Friedman recognized this path toward a larger government is unsustainable? On MSNBC's March 5 "Morning Joe," host Joe Scarborough recounted his childhood in the early 1970s and the poor economy. He explained there was a different focus -…

When a political editor declares that U.S. Senator Jim Bunning (R-Ky) makes "even former Vice President Dick Cheney seem warm and fuzzy," you know that the mainstream media are reaching for the long knives.  Associate editor of The Hill A.B. Stoddard wrote in yesterday's "Bunning’s gift to Dems:"Bunning’s blowup was indeed a gift to bewildered Democrats on more than one level. It portrayed…

It's been proven time and again in over two hundred years of recorded American history, but some people still don't get it - the government is not the most efficient spender of money. On CNBC's March 4 "Squawk Box," in the midst of reporting jobless claims and productivity data, the network's senior economics reporter Steve Liesman offered the suggestion that since some banks were increasing…

In the past 72 hours, NewsBusters has called attention to roughly 10 print and broadcast media items ripping into Jim Bunning for daring to stop a spending bill in the Senate. Beyond that, it appears that no establishment media outlet has raised a few self-evident points made in a Wednesday Wall Street Journal editorial, proving yet again that the paper's editorials are as much a real news…

ABC on Wednesday continued to berate Senator Jim Bunning for daring to hold up a $10 billion spending bill, despite the fact that the Kentucky Republican has since allowed the unemployment legislation to pass. Reporter Jonathan Karl piled on, "Even after the deal was struck, Democrats lashed out at Bunning for causing such a mess." Karl replayed video of him harassing Bunning on Capitol Hill and…

Just days after Rick Sanchez and his producer asked for "hardship stories" online, CNN's Anderson Cooper 360 program on Tuesday looked for people who have lost their unemployment benefits due to Republican Senator Jim Bunning's opposition to a $10 billion emergency measure which would have extended benefits.The unsigned entry on the AC360 blog, which was posted on Tuesday afternoon, first…