Economy

Worried about a potential slippery slope with the Obama administration dictating what people are paid in the private sector - TARP bailout or no TARP bailout? Message from CNBC's Jim Cramer: Get over it. On CNBC's Oct. 21 "Street Signs," the "Mad Money" host ripped into Wall Street executives that objected to the government dictating the rules of compensation. Opponents argue these pay…

  Showing that Reverends Al Sharpton and Jesse Jackson have become interchangeable, in the 2:00PM ET hour on MSNBC, anchor Contessa Brewer mistakenly introduced Jackson as Sharpton: “Joining me now to talk about this and the nation’s real problem of joblessness, the Reverend Al Sharpton....I’m so sorry, the – the script in front of me said Reverend Al Sharpton...I know who you are, Reverend…

Want to make a big splash to bolster your chances in a political campaign? A tried and true strategy for some attorneys general has been to champion a populist position by exploiting the legal system for publicity. Just look at the lead up to the launch of former New York AG Eliot Spitzer gubernatorial campaign with his attacks on Wall Street. And that appears to be the playbook California…

MSNBC's David Shuster declared yesterday's fake Chamber of Commerce presser at the National Press Club the "Best prank of [the] week" on his Twitter page shortly before 5:30 p.m. EDT today. He added a link taking readers to the left-leaning blog Talking Points Memo.A group of liberal environmentalist activists punked some journalists by throwing a press conference claiming to represent the…

On Oct. 20, Media Research Center Vice President of Business & Culture, appeared on the Fox Business Network to discuss recent calls from journalists and liberals for government intervention in America's ailing newspaper industry. "I can hardly believe that the Washington Post would publish an editorial asking for a taxpayer bailout of newspapers," said host Stuart Varney. "Tell me I…

Though its $1.4 trillion red-ink result was mostly known well ahead of its final issuance, the Treasury Department either conveniently got its year-end accounting work done in time for a Friday afternoon release of the final Monthly Treasury Statement, or held it until that time. Last year's report was released on Wednesday, October 15. The final statement shows receipts of $2.105 trillion, "…

Liberal New York Times columnist Gail Collins appeared on Monday’s Good Morning America to complain that one of the biggest unresolved issues for women is a lack of government-provided pre and after-school care for children. She complained, "And we still have not come near dealing with the question of who takes care of the kids if both parents are out working." Highlighting the favorite bogeyman…

In an October 16, 2009, article in the Boston Globe, staffer Andrea Estes makes the eye-opening assertion that the economy in Massachusetts is "generally improving." Facts and reality suggest otherwise. Consider:In 2009 alone, unemployment in Massachusetts has swelled from 7.4% (Jan. 2009) to 9.3% (Sept. 2009)."[L]ocal aid to cities and towns [is] already down more than $700 million from the…

Lately there's has been an anti-Wall Street sentiment, propagated by the media that has become exacerbated as the Dow Jones Industrial Average (DJIA) hit 10,000 Oct. 14. On CNBC's Oct. 15 "Street Signs," Jim Cramer, host of "Mad Money," was asked by fill-in host Melissa Francis what he thought about the outrage over Wall Street hitting its stride, while unemployment continues to rise. "What did…

You might think that the three major networks would look favorably upon the Dow Jones Industrial Average (DJIA) breaking through the symbolic 10,000 mark. After all, it they could use it as an opportunity to spin the news as a victory for Barack Obama and his economic policies. But that wasn't the case. Instead ABC, CBS and NBC used the occasion to point out that the rich on Wall Street are…

How many times have we heard President Barack Obama or high-ranking members of his administration lament the fact that the president "inherited" a recession? Quite a few, if anyone is keeping track. Now the Dow Jones Industrial Average (DJIA) has broken through the 10,000-point barrier. But that begs the question given the inevitable credit Obama will get from the media and other supporters for…

Eight months after President Obama signed a stimulus package worth $787 billion, less than half the funds have been spent and nearly half of Americans want the remainder to be repealed. Of course, that hasn't stopped the mainstream media from pushing for more. Recall that before the first bill was even signed, Reuters hailed a statement from billionaire George Soros warning that it wouldn't…

It's an odd natural occurrence when you put MSNBC "Hardball" host Chris Matthews and CNBC "Mad Money" host Jim Cramer together, but when it happens they seem to draw some obvious conclusions - albeit nearly 10 months too late.  Back in January, Cramer appeared on Matthews' show. They both expressed their concern over the $787-billion stimulus, which eventually passed and asked if it really was…

Let's see. A Big 4 independent public accounting firm vs. the Democratic Party's go-to health care economics guy. Who has more presumptive credibility? It's more than a little offensive to see the people whose party gave us entitlement programs with multitrillion-dollar unfunded liabilities (Social Security and Medicare), pension plans that are completely unsustainable (the federal government…