Economy

On Saturday, March 28, "World Wildlife Fund is asking individuals, businesses, governments and organizations around the world to turn off their lights for one hour – Earth Hour – to make a global statement of concern about climate change and to demonstrate commitment to finding solutions." Of course, the UN has endorsed it. Scroll through the list of supporters and you'll find among them many of…

Anyone who has followed the decline of General Motors and Chrysler since the two companies received a combined $17-plus billion in bailout money in December won't be surprised at the news that they need more -- or at the government's convenient weekend timing of the news. The financial cliff on which Chrysler stands was a given by the time its first bailout installment arrived. But, as shown in…

When Jon Stewart eviscerated Jim Cramer for not doing a better job of warning Americans about the looming financial crisis, the "Mad Money" host should have brought videos and transcripts of some of his highly-publicized rants in order to thoroughly disprove the comedian's premise.In fact, as former investigative reporter turned actor and producer Dan Gifford revealed at Big Hollywood Sunday,…

On Friday, MSNBC's Rachel Maddow accurately blamed a bill enacted in 1999 for today's financial crisis, but in so doing exclusively pointed accusatory fingers at its Republican sponsors while totally ignoring the overwhelming Democrat support it received in both Chambers of Congress. Maybe even more egregious, she chose not to address it being signed into law by President Bill Clinton until a…

Disgraced former New York Governor Eliot Spitzer clearly sees the current AIG bonus controversy as an opportunity to redeem his reputation. The Associated Press's Michael Hill provided rehabilitation assistance in his Friday report. Spitzer is best remembered for resigning as the Empire State's chief executive after being caught patronizing high-priced prostitutes over a period of several years,…

Back on March 15, Noel Sheppard noted that the San Francisco Chronicle completely ignored the thousands of average Americans that came together in Cincinnati, Ohio to protest Obama's unprecedented take over of the US economy. The Cincinnati Tea Party truly was massive but is just one of the many dozens of Tea Party protests that have occurred -- and are continuing to occur -- all across the…

"PROMISES, PROMISES: Obama rhetoric, reality clash" is today's offering from Liz Sidoti, the Associated Press White House correspondent.  The piece begins with a harsh assessment:Barack Obama's optimistic campaign rhetoric has crashed headlong into the stark reality of governing.In office two months, he has backpedaled on an array of issues, gingerly shifting positions as circumstances dictate…

Mark March 21, 2009, as the day pigs flew and hell froze over: the shamelessly liberal New York Times columnist Paul Krugman actually criticized the Obama administration.I kid you not.Unfortunately, he did so at his blog at the New York Times website, which means far fewer people will see his critique than if it had been published in print.But as it seems foolish to look a gift horse in the mouth…

For the second day in a row, CNBC "Squawk on the Street" co-host Mark Haines took on a Democratic congressman over the issue that American International Group (AIG) paid out too much in bonuses for a company that received federal bailout money. On March 19, Haines took on alleged tax cheat Charles Rangel, questioning whether or not he should be dictating tax policy while the House Ethics…

Afraid that the AIG executive bonus bailout just may be the demise of the Democratic Party, MSNBC’s Chief White House Correspondent Chuck Todd trivialized the death of Terry Schiavo by suggesting the fight over Schiavo’s life was the demise of the Republican party. Host Andrea Mitchell, Gene Robinson, and Chuck Todd were discussing Treasury Secretary Tim Geithner’s survival of the AIG scandal…

Former President George W. Bush is personally responsible for the current financial crisis and should give every penny of his family fortune to the American people as a result.So proclaimed financial advisor Suze Orman in an article published Friday at WWD.  Ironically, the piece also pointed out that Orman didn't foresee the collapse of the financial services industry, and not only continued to…

Two March 19 editorials on Obama's failure to create post-partisanship in D.C., both from lefties, can't be farther apart from each other in their conclusions. Marc Dunkelman's in U.S. News blames everyone but Obama for the failure to invent that mythic bipartisan Washington while Mort Kondracke's Real Clear Politics piece lays the fault squarely at Obama's door step.But, the differences in the…

Did you know that AIG, aka American International Group, is an American company?Well, on NBC's "Tonight Show" Wednesday, Jay Leno didn't, and the supposedly brilliant Keith Olbermann wasn't sure.Imagine that.A company that has been a hot topic in the news for at least the past six months, and these guys not only didn't know it was American, but also thought its initials stood for American "…

In the wake of the American International Group (AIG) bonus controversy, some have called the plans of congressional leaders to tax those bonuses at a rate of 90-100 percent "legislating with a vengeance." However, Chairman of the House Ways and Means Committee Rep. Charles Rangel, D-N.Y., insists that doing this is a necessity, despite the premise that retroactively taxing anything is a…