Economy

In a report meant to cover Uncle Sam's release of June's Monthly Treasury Statement, Associated Press reporter Martin Crutsinger went well beyond the wire service's normally lazy, slanted reporting in this area.In his report's apparent final incarnation early Tuesday morning, the AP writer:Told us the amount of June's deficit ($94.3 billion), but didn't disclose the figures for June's receipts ($…

Steven Rattner, a former New York Times reporter whose short tenure as Obama's so-called car czar "came under a cloud in April when details of alleged influence-peddling surfaced," announced his resignation yesterday, the Washington Post's Peter Whoriskey and Tomoeh Murakami Tse reported today.Yet despite President Obama's penchant for naming numerous policy czars, news of the resignation was…

If Palin Derangement Syndrome-afflicted media members thought the Alaska Governor's surprising pre-Fourth of July announcement meant she was getting out of politics, her op-ed in Tuesday's Washington Post should change their minds.In a scathing rebuke of the Obama administration, Sarah Palin took off the gloves to attack the recently House-passed American Clean Energy and Security Act,…

Democrat strategist Bob Shrum on Sunday not only praised Reaganomics, but used it as an example as why Americans should be patient in allowing President Obama's stimulus plan to take effect. During the panel discussion on Sunday's "Meet the Press," host David Gregory asked his guests, "Why shouldn't the Republicans, who certainly spent a long time spending a lot of government money and under…

An editorial in yesterday's Wall Street Journal bemoaned the fact that the state-run health system in Massachusetts is failing, and that its implosion isn't common knowledge.Formally known as CommonwealthCare, the Massachusetts scheme has the political name of "RomneyCare," in "honor" of the Bay State governor and former presidential candidate who championed its passage in 2006.The Journal…

If you listened to any top-of-the-hour radio newscast yesterday, you probably heard that General Motors has exited from bankruptcy, with the company promising to really, really do better this time around.You more than likely didn't hear anything about how much government money it has taken to enable GM to survive and reemerge. That's because original story sources like the Associated Press put…

CNBC "Mad Money" host Jim Cramer often showcases erratic and unpredictable behavior and the same goes sometimes for his analysis of the stock market. While the economy continues to struggle through the recession, the forward-looking indicators known as the financial markets continue to perplex Cramer for not going up when some positive signs, also known as "green shoots" by the financial media,…

This was inevitable.  When the Obama administration effectively took over General Motors, Obama-friendly media hacks were going to tout the company's products . . .And so it was that on his MSNBC show this evening, Ed Schultz offered up an unpaid infomercial for GM's new Camaro.  Most grotesque was Schultz's boast that the Camaro was outselling the Ford Mustang. Take that, private-sector company…

Good Morning America's Jonathan Karl on Friday provided a questioning, skeptical analysis of how stimulus money is being spent on road signs promoting the legislation. At one point, the correspondent quipped, "But for now, the signs seem easier to create than jobs." However, former Clinton aide-turned journalist George Stephanopoulos provided White House spin on the total amount of stimulus money…

He's Got It Is this what Time magazine meant with their July 6th cover, What Barack Obama Can Learn From FDR?Not one to let "a serious crisis to go to waste," Franklin Delano Roosevelt used the onset of the Great Depression as an excuse to immediately begin delivering New Deal dollars in unprecedented amounts - with laser-like political precision to…

Joe Biden is coming to Cincinnati to tout the stimulus plan. A local TV station is thrilled.If this is considered a good way to use stimulus money, we're in $800 billion worth of big trouble:The entire nation is about to get a look at exactly how federal stimulus money is being spent in the Tri-State. Tomorrow morning, Vice-President Joe Biden will be in Northside to look at how that neighborhood…