Economy

Just a few short months ago, New York Times' liberal economics columnist Paul Krugman had high hopes for new President Obama and urged him to act like "Franklin Delano" Roosevelt.But even the billions of dollars in government spending to fix the financial crisis, efforts to limit executive compensation and the recent ouster of General Motors CEO haven't pacified Krugman.According to Newsweek's…

On the March 28 World News Saturday, ABC correspondent John Hendren observed that the "pure adulation" formerly shown for President Obama in Europe has now faded as the President prepares for the G-20 summit in London to convince the group of economic superpowers to adopt his plans to increase spending to stimulate the economy. After anchor Dan Harris introduced the report noting that "Mr. Obama…

The budget put together in Albany by New York State lawmakers, packed with skyrocketing tax increases and new taxes, appears to have picked up some casualties two days before it goes into effect. The casualties are the coffers of the Empire State and the Big Apple, which will not be collecting anticipated tax revenue from talk king Rush Limbaugh very much longer. Limbaugh announced his departure…

File this one under Liberal Guilt Syndrome.In the second hour of MSNBC’s “Morning Joe”, correspondent Savannah Guthrie gave a live report on the upcoming G-20 summit from London. This was a fairly straightforward report, hitting on issues that the major parties were interested in hammering out – the French want more financial regulation, for example. And then, at the very end of the report,…

Both have loyal following, but their fans are on opposite sides of the political spectrum. CNBC's Rick Santelli rose to prominence earlier this year when he railed against President Barack Obama's policies on live TV from the floor of the Chicago Mercantile Exchange. He's a hit with conservatives staging tea parties to protest the bailout culture in Washington throughout the country.  Arianna…

Is it okay to call them socialists yet? (/sarc)And to think we were "only" worried about having a known Tax Cheat overseeing everyone's taxes.With Barney Frank's help, Treasury Secretary Tim Geithner is trying to expand his power (and by inference that of his Dear Leader boss) well beyond that. The "Pay for Performance Act," which has already gotten out of committee, would give him veto power…

There is plenty of evidence that many environmental activists are, at bottom, dangerous extremists who have deluded themselves into believing that the earth's population must be radically reduced if humanity is to survive. There is also growing evidence that this far-out viewpoint is more widely accepted among so-called mainstream environmentalists than the establishment media would have us…

Yesterday, in the process of passing on news that bloggers such as Ed Morrissey at Hot Air and outfits like the Heritage Foundation were onto earlier, Bloomberg's Kevin Hassett delivered a stinging indictment of the establishment media for being asleep at the switch (the sole exception appears to be a video report at PBS). But while he does a good job identifying the problem and indicting…

Fox News Channel host Glenn Beck has already shown he's a rating success and is leaving a mark in cable news. However, he may have pulled one of his most successful performances yet. Beck interviewed Connecticut Attorney General Richard Blumenthal on his March 30 broadcast. But, the radio and TV host took the opportunity to tell Blumenthal what he thought of his investigation into the bonuses…

After General Motors (NYSE:GM) Chairman and CEO Rick Wagoner was forced out by President Barack Obama, Wall Street is betting bank CEO firings will be the next shoe to drop.  CNBC's New York Stock Exchange floor reporter Bob Pisani told viewers of CNBC's March 30 "Street Signs" the market's actions, with the Dow Jones Industrial Average (DJIA) dropping as much as 300 points, are reflect, in part…

While reporting on President Obama forcing General Motors CEO Richard Wagoner to resign, on Monday’s CBS Early Show, co-host Harry Smith happily declared: "It's the end of the road for GM's CEO, Rick Wagoner, ousted by President Obama as the White House demands more from the U.S. auto industry...we saw Bob Schieffer's interview with Barack Obama Sunday Morning and he said we need more from the…

Did you feel the earth shake under your feet in the past couple of hours?It's because GM CEO Rick Wagoner has resigned...at the request of President Barack Obama.As reported moments ago by Politico (h/t NBer AgentAmerican):

CBS's Bob Schieffer devoted about half of his Face the Nation interview, with President Barack Obama, to Pakistan and Afghanistan, but on Iraq he failed to point out Obama's opposition to the surge as he hoped: “Are things going well enough there now that you may consider speeding up the withdrawal of troops from Iraq?” On violence in Mexico, Schieffer pushed a blame America first line,…

Just hours after MSNBC "Hardball" host Chris Matthews calls Rep. Michele Bachmann, R-Minn., the "Mata Hari of Minnesota" and Rolling Stone editor Matt Taibbi says "a guy huffing glue out of a paper bag" was making more sense the Bachmann, MSNBC "Countdown" host Keith Olbermann comes in for clean-up duties.On the March 27 broadcast "Countdown," Olbermann confirms that Michele Bachmann Derangement…