Economy

Unless you are hopelessly liberal and/or drinking WAY too much Kool-Aid, you are fully aware that President Obama and his Democrat minions on Capitol Hill can't get enough money from the so-called rich to pay for all the programs they're proposing.On Saturday, such an inconvenient truth was actually revealed by none other than the New York Times:"This idea that everything new that government…

A year ago, when the government reported second quarter Gross Domestic Product (GDP) doubled from the first quarter to 1.9 percent, the CBS Evening News centered a story around what Katie Couric described as “disappointing” news while ABC and NBC didn't utter a syllable about the GDP jump. But Friday night, with a different President in office, Couric crowed a one percent decline in the 2009…

Life in the Workers' Paradise of Cuba is a bit less than perfect these days. So is the absurd headline that begins an Associated Press story by writer Will Weissert:Oh come on.

Reporting on the Obama administration’s ‘Cash for Clunkers’ car buying program running out of money, CBS correspondent Nancy Cordes offered a mixed message: "‘Cash for Clunkers’ has been such a runaway success....The program is so popular...word spread it would be suspended...because of fears that sales would soon swallow up the $1 billion for rebates the government had set aside."At the top of…

In an open letter sent today to ABC News President David Westin, NewsBusters.org Publisher Brent Bozell questioned the ethics of ABC as a "news" network and wondered "how in the world can anyone take ABC seriously" after it was announced that ABC News has hired Democratic donor Dr. Richard Besser to be their new Senior Medical Editor.The letter begins here, and continues in its entirety below the…

The zoo I'm referring to is the Franklin Park Zoo (FPZ), not the Massachusetts state legislature, although the slang version of the word's meaning likely applies there as well.As reported in a July 10 Boston Globe story, in reaction to Patrick's line-item veto of $4 million of the FPZ's $6.5 million annual subsidy, Zoo New England, which runs the FPZ's two zoo sites, ".... in a written statement…

Newsweek magazine had yesterday a web exclusive entitled "What Green Jobs?"  Subtitled:  "Washington is spending $60 billion to create the careers of the future, but not a single green job yet exists. Obama's 'green czar' explains."The Leftist publication deserves some plaudits for exploring this $60 billion gaping hole in the $787 billion "stimulus" package President Barack Obama signed into law…

It worked for President Barack Obama in the 2008 presidential election, when he took tax cuts - a conservative issue - and made it his own. Now, liberals are employing a similar tactic in promoting their health care agenda. But Rep. Paul Ryan, R-Wisc., isn't having it. He called out Katrina vanden Heuvel, editor of the left wing The Nation magazine and MSNBC guest co-host, for attempting it in…

The Bloomberg administration in New York has happened upon an idea for at least partially solving the city's homeless problem: Buy them tickets to get to the homes of relatives in the U.S. or abroad who will take them in.Along the way, the New York Times's coverage of the story throws out an estimate of annual costs to take care of a homeless family that is either ridiculously high, or indicative…

In late April, the Associated Press's Calvin Woodward, in a "Fact Check" report ("Obama disowns deficit he helped shape"), hit President Barack Obama's claims that he and his party don't deserve much of the blame for the size of this year's deficit pretty hard. It was such a surprise that I wondered who had put truth serum in his coffee.Well, you might have guessed it would be Calvin Woodard…

CNBC "Mad Money" host Jim Cramer credits lack of government regulation with a recent market jump in technology stocks. The tech-heavy NASDAQ composite (NASDAQ) shot upward 3 percent, from July 8 through July 23, even defying other market indexes that had down days in the same time period. Cramer theorized on his July 23 show that the tech sector during that time period, despite the setback on…

[Update, 8:24 pm Eastern: Audio and video clips from the interview added.]CNN’s Wolf Blitzer was a bit surprised by Rudy Giuliani’s answer during Wednesday’s Situation Room, after asking the former mayor to reassess his prediction last year about “on-the-job training” for a President Obama. Blitzer inquired whether his “worst fears [had] come true.” Giuliani answered, “In many respects, it’s much…

During an interview with CBS Evening News anchor Katie Couric on Tuesday, President Obama defended the administration’s handling of the economy: "nobody...anticipated that in the first three months, we would lose 700,000 jobs per month...the severity and the depth of the recession was something that, you know, really exceeded everybody's expectations."However, on the February 6 Evening News,…