Economy

In an attempt to boost flagging approval ratings, President Barack Obama announced a series of initiatives aimed at helping out the middle class on Jan. 25, two days ahead of his State of the Union address. The networks, which have protected him from public outrage for months, praised the initiative. NBC heralded the move, giving Obama credit for "getting the message" Jan. 25. CBS's Katie Couric…

Since Ron Reagan, son of former President Ronald Reagan, would probably be the first to admit his political view are widely divergent from his father's it seems strange that he would put words in the Gipper's mouth about current events.   However, the younger Reagan spoke for his father on HLN's Jan. 26 "The Joy Behar Show." Host Joy Behar asked Reagan what his father would have thought about…

On the eve of President Obama's first State of the Union address, the lead story in Wednesday's New York Times by Jackie Calmes focused on Obama's abrupt transformation into a born-again deficit hawk: "Obama, On Own, To Set Up Panel On Nation's Debt."In a related video, Calmes played along with Obama's sudden about-face, claiming "the president wants to make deficit reduction a big part of his…

Sometimes getting hung up on percentage increases causes one to miss what's going on with the actual numbers. Such is the case in a January 26 front page story by USA Today's Richard Wolf. USAT's is the only recent original coverage I have found thus far relating to increases in the national welfare rolls during the recession. (An unbylined story at UPI merely reports on what USAT's Wolf wrote…

Good Morning America’s George Stephanopoulos played defense for the White House on Tuesday. While talking with John McCain about Obama’s 2010 proposals, he sounded annoyed that the Senator’s ideas for job creation would include tax cuts: "But, those tax cuts are going to increase the deficit, aren't they, sir?" After McCain declared his opposition to Democrat spending proposals, the host pressed…

It was initially thought the election of President Barack Obama was just going to hit your pocketbook in the form of higher taxes. But if the past several days are any indication, the president has found another way to hit it - by attacking your stock portfolio. On CNBC's Jan. 25 "Mad Money," host Jim Cramer advised his viewers to be aware of this and to strategically position their stock…

Diane Sawyer's interview with President Barack Obama wasn't nearly as sycophantic as the one conducted last Wednesday by George Stephanopoulos, with Sawyer posing mostly informational inquiries about the direction he'll set out in the State of the Union speech as she also raised the huge deficits and whether all future meetings about health care will “be on C-SPAN” as he had pledged? But she…

It's curious to see people in the mainstream media try to make sense of the Tea Party movement. The New York Times, which once called the Tea Parties a psychological phenomenon rather than a political movement, has now changed its tune. In the wake of the stunning upset by Scott Brown in the Jan. 19 Massachusetts special election to fill the seat vacated by Ted Kennedy's death, the Times is…

On his segment of CNN Newroom today, anchor Ali Velshi cited a CNN/Opinion Research poll showing that only a quarter of Americans believe Obama's stimulus program has wasted little or no money.  He then set up an interview with a pro-stimulus academic:Let's talk about this with Kenneth Rogoff, professor of public policy and economics at Harvard University. Ken, you have looked at this very, very…

Is the luster finally wearing off the love affair between the White House press corps and President Barack Obama? It is, if CBS White House correspondent Chip Reid's analysis of President Barack Obama's latest Wall Street proposals is anything to go by. Reid appeared on the Fox Business Network's Jan. 25 "Imus in the Morning" program and offered an update on the president's financial and…

Poor Joe Klein wishes he could give a lecture to average Americans -- the "Too Dumb to Thrive" who probably don't read his magazine's Swampland blog anyway -- on the virtues of Obamanomics. Of course, they'd probably be too stupid to understand the enlightened Mr. Anonymous, especially Fox News viewers. Indeed, at least in Klein's mind, these alleged ignorant boobs are practically an existential…

It's amazing how Bernard Condon and Tim Paradis of the Associated Press managed to hang the same label on totally opposite political positions in their report on the situation in the stock market late this afternoon.According to the AP pair, Scott Brown's U.S. Senate win in Massachusetts was due to a "wave of populism," at the same time as President Obama is supposedly planning to use "populist…

Rush Limbaugh is so reviled by the left, that even when he agrees with liberals and issues facts supporting their arguments, they criticize him and demand an apology.The latest such group to deride Limbaugh for supposedly offensive comments that they themselves have supported is the Anti-Defamation League. The ADL has called on Limbaugh to apologize for suggesting that the Obama Administration's…

Two Democrats on Sunday blamed the soaring budget deficit on George W. Bush, and ABC's Terry Moran didn't challenge either one of them.First up on "This Week" was senior White House adviser David Axelrod who told substitute host Moran, "President Clinton left a $237 billion surplus, President Obama received a $1.3 trillion deficit." Moran didn't challenge this, nor did he press Sen. Robert…