Economy

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…

A prominent CNBC personality that had been outspoken about the media's role in the current financial crisis, himself included, has reportedly left CNBC. A spokesman for CNBC told NewsBusters Dylan Ratigan, the co-creator of one of the network's most popular shows, "Fast Money," is leaving the network effective March 27. "Dylan told us that he is leaving CNBC effective today," CNBC spokesman…

It's has been in the news a lot lately, and the prospects of a global currency have Max Keiser, Huffington Post blogger and host of BBC World's "The Oracle," giving dire warnings of the consequences if China or other countries were to make a push for it. Keiser appeared on Al-Jazeera English's March 27 "Inside Story" to discuss the possibilities of a global currency. Host Darren Jordon asked…

Rep. Barney Frank (D-Mass.) chats with Treasury Secretary Tim Geithner before a hearing on AIG chaired by Frank on March 24, 2009.

Reacting to a 12:30PM EST Thursday press conference in which House Republicans unveiled an alternative budget plan to President Obama’s, MSNBC’s Contessa Brewer seemed to be annoyed that the GOP interrupted coverage of the President’s virtual town hall meeting: "And moments ago, Republican leaders got together for a news conference. They said they would unveil what they called their alternative…

President Barack Obama doesn't have to do too much to impress ABC News. A little more than five weeks after the fill-in anchor of World News effused over two-week-old photos of Obama “serving cookies” on Super Bowl night while an awed George Stephanopoulos glowed over how “these are just remarkable....we've never really seen anything like this before in real time,” on Thursday night the newscast…

Gallup has issued two polls in the past couple of weeks showing that the reality is breaking through the non-stop, years-long propaganda blitz known properly known as the Great Global Warming Hoax (characterized by me since January 2007 as globaloney): On March 11, the pollster told us that "Although a majority of Americans believe the seriousness of global warming is either correctly portrayed…

Want a little populist outrage?  There's nothing like hearing it from a multi-millionaire advertising mogul with a spot on CNBC. Donny Deutsch, the host of "The Big Idea," a show the network has shelved, explained to viewers on the March 25 broadcast of "CNBC Reports" he wants measures put in place to keep prevent people he regards as "idiots" from making $10 million a year. "The issue is even…

For over six months, bankers, traders, financial institution employees, and anybody in any way associated with Wall Street have been eviscerated by the media as greedy, lying crooks.Considering this, and how shortly after his inauguration, President Barack Obama said this isn't the time for people to be worried about profits, one has to wonder what kind of reaction the left and their media…

It is one thing - as Rush Limbaugh has been vilified for - to say you have a desire for the president to fail, but what about accusing the president of wanting his own policies to fail? That's what Fox News Channel's Dick Morris said on the March 25 broadcast of "Your World with Neil Cavuto." According to Morris, those who are criticizing Obama for his spending, including Daniel Hannan, who…