Economy

Barack Obama has done something no other president has done in the five months after his election.He and his pals Nancy Pelosi and Harry Reid laid the groundwork for this achievement back in June when they created what I have since last July been calling the POR (Pelosi-Obama-Reid) Economy, so it is fair to say that Obama's accomplishment, spanning November 2008 through March 2009, belongs to him…

The New York Observer has noticed an interesting new trend at The New York Times. Its something that we have rarely, if ever, seen from The Times in it's long history. In fact, we are used to seeing a defiant and rather confident Times:There was a time when The New York Times never had to say anything back. If the newspaper caught hell for a story in the popular media, editors at the paper could…

Since former Vermont Gov. Howard Dean stepped down as the chairman of the Democratic National Committee, he has ventured into other opportunities. One of those opportunities was to be a business pundit for the financial news channel CNBC, even though Dean's background prior to politics was in medicine. But just over a week later, in an e-mail dated April 2 to MoveOn.org mailing list subscribers…

For The New York Times economic scene section for March 31, David Leonhardt came across with one of the most amazing admissions about Obama that I've ever seen in the Times. Namely that Barack Obama is just like Hitler. Now, many of you may be solemnly shaking your head in agreement, but in so doing you would be missing why the Times was comparing Obama to Hitler. You see, Leonhardt didn't mean…

Truth to power? Give me a break.Mark Levin mentioned a report by McClatchy's Steven Thomma tonight on his show. When I heard Levin read from it, I assumed that when I went to the web page that McClatchy would label it as "analysis," or "background," or something similar.Nope. Apparently, it's supposed to be a straight news story.Thomma writes as if world peace and civility were salvaged because…

The broadcast networks continued their infatuation Thursday night with Michelle Obama as ABC anchor Charles Gibson teased: “Center stage. With substance and style, the First Lady steps onto the world stage, becoming something of a mega-star.” He soon equated her popularity with Jacqueline Kennedy, the last First Lady to so enchant the press. On NBC, Dawna Friesen trumpeted how “she has dazzled…

Throughout George W. Bush's presidency, insults were doled out repeatedly about the commander-in-chief and that was just a fact of life for the highest-ranking public official in the land. However, now there's a new president, there seems to be a different standard on how you talk about a president. CNN's Rick Sanchez, the host of the 3 p.m. hour of "CNN Newsroom" on April 2 took offense to…

At the top of the 3:00PM EST hour of live coverage on MSNBC, anchor Norah O’Donnell and Politico executive editor Jim VandeHei were practically tripping over themselves declaring Barack Obama the "rock star" of Europe in the wake of the G-20 summit. O’Donnell began by asking: "Can we gauge this meeting as a success?" VandeHei replied: "I think early indications are it probably was a big success…

With the G20 meeting in London, there have been raucous protests - clashes with police in riot gear, destruction of property at nearby banks and even the death of one man from a heart attack. And the media have gone out of their way to cover every sordid detail. To former Speaker of the House Newt Gingrich, the media's flag-to-flag coverage of the G20 protests are a glaring contrast to the…

On Tuesday, both USA Today and the Associated Press highlighted guarded optimism that seemed a bit beyond the justifiable after the release of March's sales results for the auto industry. Though there is perhaps some cause for hope, both reports made more out of the industry's roughly 25% sales pickup from February to March (compared to a typical 20% in previous years) than was justified. More…

Get an abortion. In her April 1 blog post, Bonnie Erbe, contributing editor to U.S. News and World Report and host of PBS' "To the Contrary," gave that advice to pregnant moms who are wondering how to raise a child on a strained budget. It wasn't a tasteless April Fool's Day joke. She's serious. Erbe keyed her argument around the situation of an unwed, pregnant mother of three who…

“There is so much to cover on this day,” ABC anchor Charles Gibson announced Tuesday night from London as the network anchors and reporters reflected their awe over how, as NBC anchor Brian Williams put it, “In a marathon, the President meets with the leaders of Britain, Russia, China, then the Queen, and the summit hasn't started yet.” NBC's Chuck Todd then admired how “the President was able to…

It's no secret the Bush administration used fear tactics to push the $700-billion Troubled Asset Relief Program (TARP) through Congress last fall. Both members of the House and the Senate have come out after the fact and disclosed the details. However, the method the Treasury Department employed to get banks to go along with the TARP bailout breached legal boundaries to the point of "extortion…