Economy

The L.A. Times took upon itself a difficult task. The chore: to make it seem like Obama is in control of Congress at the same time that Speaker of the House Nancy Pelosi is still a powerhouse there. The truth of the matter is that Barack Obama has revealed little influence over the Democrat majority in the House of Representatives but the Times wants to make it seem as if Obama is firmly in…

On Monday night, Katie Couric teased the CBS Evening News by trumpeting how “the stock market soars as the Treasury rolls out a new plan to rescue America's banks,” and then leading: “The Treasury put out the details today of a plan to rescue America's banks and Wall Street responded with two thumbs up and a triple-digit rally.” Six weeks ago, however, when the Dow plunged 382 points in reaction…

It's the latest ailment of the left - CNBC derangement syndrome. Since CNBC's Rick Santelli and Jim Cramer took an outspoken stance on the shortcomings of the Obama administration, left-wing storefronts have been popping up all over the place wanting to capitalize on the network after it took a vicious attack from Comedy Central "The Daily Show" host Jon Stewart. After CNBC "Squawk on the…

On Saturday's "Good Morning America," co-anchor Bill Weir and reporter Gigi Stone actually took a look at whether or not it's a good idea to tax CEO bonuses and what effect it could have on Wall Street. While much of the mainstream media have been playing off populist anger over bonuses, Weir teased the segment by wondering, "With tempers flaring over executive payouts, Congress considers cutting…

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…