Economy

NBC's Meredith Vieira on Thursday conducted a defensive interview with Fox News contributor Dick Morris, at one point skeptically wondering if "the Republican tactic from this point on" would be "to sit and watch Obama fail." Later, when Morris pointed out the problems with the Canadian health care system, the Today host retorted, "But, the President clearly has said that's not the road he's…

Either "CNBC Reports" anchor Dennis Kneale has a flair for the dramatic or he upset a lot of people in the blogosphere with his biting critique of the blogosphere's negativity on the economy. On the July 1 broadcast of "CNBC Reports," Kneale responded to harsh, angry criticism from bloggers - even pointing out blogs like the Huffington Post, with an openly left-of-center perspective. "Last…

Fox News's Stuart Varney had a heated debate Wednesday with Air America's Mike Papantonio about the state of the economy and the effectiveness of the $787 billion stimulus package.Subbing for Neil Cavuto on Wednesday's "Your World," Varney tried repeatedly to get his liberal guest to admit that porkulus hasn't worked and that the economy is getting worse.Papantonio wasn't having any of that…

As NewsBusters has been reporting, Obama-loving media have been very quick to point out how recent unemployment reports from the Labor Department, though showing HUGE job losses, have been better than analysts expected.The most absurd example was two months ago when a 539,000 decrease in nonfarm payrolls was applauded by many media outlets as being good news. With that in mind, the Labor…

Got this e-mail earlier this afternoon, which pretty much says it all about ABC's news priorities:The links in the e-mail are after the jump.

As we near the end of June, which is supposed to be one of the four biggest months for federal tax collections (January, April, and September are the others), it is clear that the serious receipts shortfalls are not only continuing, but have caused the March 20 projections of the administration and the Congressional Budget Office (CBO) to be outdated.Media coverage of the ongoing receipts dive…

At one point during her new MSNBC show today, Dr. Nancy Snyderman proclaimed: "the White House, their health care agenda continues to be our agenda."Snyderman would probably say she meant it only in terms of the subject matter the show will cover, not its point of view.  But she was, if unintentionally, revealing a larger truth.  Just in time for the Obama admin's push on health care, MSNBC has…

The recent midterm election drubbing of leftist legislative allies of Argentinan power couple President Cristina Fernandez de Kirchner and husband (and former president) Nestor Kirchner is partly thanks to the imperial designs of power-hungry former U.S. President George W. Bush and the consensus-building ethos of Barack Obama. Or so Time magazine's Tim Padgett asserts without evidence in a June…

The government of Hungary voted to cut income taxes Monday to pull itself out of recession, and America's media for the most part ignored it.At the same time, German chancellor Angela Merkel is pushing for lower taxes to help her nation's economy, and our press have similarly been less than enthusiastic about sharing the news.One of the exceptions in both cases is the Wall Street Journal which…

ABC's online "The Note" describes itself as "Washington's Original and Most Influential Tipsheet." ABC News's Senior Political Reporter Richard Klein is its current content creator. We'll see how influential "The Note" really is if what Klein writes about the machinations behind the attempt to make us forget that the Obama stimulus plan was supposedly going to be making some kind of difference…

Those who have followed my posts for a while know that I have a particularly low regard for the work of MarketWatch's Rex Nutting (pictured at right). It goes back to the pre-housing mess days when he tried to tell me that the the drop in housing prices would look like the 75%-plus drop in the NASDAQ from 2000-2002 or the collapse of Dutch tulip prices centuries ago. As of April 2009, according …

For Time Magazine, Kevin O'Leary has decided that he's figured out why California is in such a budget mess. Is it because the state indulges over generous social programs, or always has some of the highest taxes in the nation, or because the denizens of its capitol in Sacramento are paragons of waste, fraud and theft? Nope. It's because California has Proposition 13, a measure that prevents state…

(Photo is of the martyred "Neda")In a passionate Wall Street Journal op-ed this morning ("Silence Has Consequences for Iran"), former Spanish Prime Minister José Aznar who, in case anyone cares, serves on the board of WSJ parent News Corp., says that "It would be a shame .... if our passivity gave carte blanche to a tyrannical regime to finish off the dissidents and persist with its revolutionary…