Economy

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…

This is the fifth year I have looked into how the establishment media treats these two topics: The use of "Christmas shopping season" vs. "holiday shopping season" (the AP photo at right uses "holiday" and not "shopping," even though there is a C-C-, Chr-Chr-Christmas tree in the picture). The frequency of Christmas and holiday layoff references. I have done three sets of simple Google News…

There's certainly an argument to be made that college football's Bowl Championship Series (BCS) isn't an ideal system, but just to what degree should the federal government come in and regulate this multi-billion dollar industry? According to Andy Staples, a writer for Sports Illustrated's Web site, SI.com who appeared on the Fox News Channel's Dec. 9 "Studio B," the industry should be revamped…

Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2009 list: 10. CBS, NY Times Support Ecuadorian Shakedown of U.S. oil company9. Media Fail to Scrutinize Obama's Job Claims  8. Government Stimulus is the Answer to Our Economic Problems7. No Tax Increases for the Middle Class6. The Recession was Over ... by July…

Every now and then, we at NewsBusters like to point out a solid piece of journalism, instances where the media report news that cuts against the liberal narrative of the world that the MSM usually churn out.And so today, I thought I'd pass along how USA Today noted today that "Fast-food standards for meat top those for school lunches" (h/t NB intern Mike Sargent ):In the past three years, the…

Comedy Central's Jon Stewart used crude sexual humor Monday to bash President Obama's jobs summit.After playing a videotape of the President asking those in attendance at last Thursday's forum "for specific recommendations that can be implemented that will spur on job growth as quickly as possible," Stewart offered a somewhat vulgar idea.Delicately paraphrased, "The Daily Show" host suggested…

Blogger Doug Ross got to the news of the Congressional Budget Office's Monthly Budget Report (PDF) over the weekend, quite accurately observing that the establishment news coverage of its content barely existed. The results of searches at the Associated Press's raw feed page on "Congressional Budget Office" (not in quotes) and "CBO" confirm Doug's observation, as no result returned relates to…

A defensive Robin Roberts on Monday lauded the potential passage of any kind of health care bill as a "historic moment," seeming to bristle at Bill O’Reilly’s grade of a D for the President’s performance on this issue. The Fox News host appeared on Good Morning America to award Barack Obama a D, C and B, overall. O’Reilly bluntly assessed, "Health care, I'd say D as in dog...But, you can't be…