Economy

CNN’s Larry King equated efforts against further regulation of the banking industry to letting the mentally ill run their psych wards on his program on Monday. King pressed conservative columnist S. E. Cupp: “Banks are lobbying against a bill to tighten regulatory controls. Are you going to let the inmates run the asylum? You don’t think we should regulate banks?” [audio clips from the segment…

The Associated Press today reported on an AP-GfK poll showing that a majority of Americans believe, in the words of the AP headline "action on climate will heat up economy, jobs." The headline was misleading, however, in that it gave readers the impression that the public is firmly behind the creation of what the Obama administration has dubbed the "green economy."When asked what effect they…

The exposure of ClimateGate and the impending failure of the Copenhagen climate summit have the global warming community on the ropes. And to add insult to their injury, Sen. James Inhofe, R-Okla., has taken his one-man truth squad to Copenhagen, to continue to underscore just how absurd the idea of anthropogenic global warming is. That has drawn the ire of the left, which knows it's losing…

It's a good thing New York Times columnist Thomas Friedman wasn't a used car salesman because CNBC "Squawk on the Street" co-host Mark Haines would have driven off the lot in a lemon. Friedman appeared on the Dec. 14 broadcast of "Squawk on the Street" to promote the paperback release of his book, "Hot, Flat, and Crowded." And once again, he made the case the United States is lagging behind in…

If there's a Ground Zero for America's foreclosure mess outside of much of California and metro Las Vegas, it's probably Cleveland, the Northeast Ohio city known in most of the rest of the state as the Mistake on the Lake. The Cleveland Plain Dealer's Mark Gillespie got out from behind his desk, committed some good old-fashioned journalism, and went looking for the mistakes that exacerbated the…

At the top of Monday’s CBS Early Show, co-host Harry Smith enthusiastically proclaimed: “A frustrated President Obama gets set to read the riot act to the heads of America’s top banks.” Minutes later, Smith claimed it would be a “tough day for America’s biggest bankers” as the President planned to admonish them over executive compensation and lending practices at a White House meeting.  White…

On his first day as the new co-anchor of Good Morning America, former Clinton aide turned journalist George Stephanopoulos lobbied for a windfall profits tax on the bonuses of bankers. Also on Monday’s program, senior White House advisor David Axelrod reminded viewers of Stephanopoulos’ liberal background. [Audio available here.] After the rookie GMA host asserted that Axelrod "has an office…

In a Washington Post opinion piece published on December 6, longtime expansionary entitlement program apologists Peter Edelman and Barbara Ehrenreich ripped into the 1996 welfare reform law and its alleged effect on the poor during the struggling economy of the past two years. In the course of their rant, Edelman and Ehrenreich told readers something that the rest of the press has largely…

In his 1981 inaugural address, former President Ronald Reagan said, "Government is not the solution to our problems; government is the problem." Nearly 29 years later, that still holds true according to CNBC "Mad Money" host Jim Cramer and former Federal Reserve Chairman Alan Greenspan. Both Cramer and Greenspan were guests on NBC's Dec. 13 "Meet the Press" and although neither was making a vain…

One of the favorite talking points that often comes from Fox News detractors is the claim that the News Corp (NASDAQ:NWSA) cable news is somehow an organ of the Republican Party. It's a claim that former White House Communications Director Anita Dunn made, along with countless other accusations from prominent Democrats. However, these Democrats would be doing themselves and their audiences a…

A sign reading "Welcome to Obamaville Colorado's Fastest Growing Community" appeared at a homeless tent city in Colorado Springs this week.You probably didn't hear about it because outside of two Colorado television stations nobody found this newsworthy.By contrast, when word got out in March of a tent city in Sacramento, California, news media couldn't get enough of the story.Is it because that…

Has anyone else noticed how chilling it has been during the past few days? Not chilly (though it's been that too). Chilling. On Monday, the U.S. Environmental Protection Agency declared, in the Associated Press's words, that "greenhouse gas emissions are a danger and must be regulated." The AP, in the item just linked, and many other news outlets carried U.S. Chamber of Commerce President and…

In his coverage of Uncle Sam's November Monthly Treasury Statement released yesterday, the Associated Press's Martin Crutsinger reached the wire service's usual quota of errors and misstatements. But what's remarkable is that the AP reporter's article seems to betray a belief that the country is still in a recession. Fascinating. Along the way, Crutsinger omitted the fact that November's deficit…

There has been a lot of media focus dedicated to the alleged Tiger Woods scandal - even so much that when examined quantitatively, it overshadows more serious issues. So what will the net result of this media scrutiny be for Tiger? CNBC's sports reporter, Darren Rovell, took a crack at answering that on the Dec. 10 broadcast of "Squawk Box." "It's 12 straight days in the [New York] Post right…