Economy

He might be on the Forbes list of billionaires with a net worth of $1.3 billion and he may appear frequently in the financial media, but Pimco's Bill Gross doesn't have a grasp of how much "trillions" are. Gross recently called for a massive government intervention or face certain catastrophe.  "This economy requires support from the government, a check from the government in some form or…

Just one night after CEO Donald Trump told "Larry King Live" viewers that the U.S. is in a "Depression," Suze Orman, personal finance expert and host of her own show, started talking about people in bread lines - but she wasn't making a historical reference. According to Orman there are people in bread lines right now, some of them white collar workers:"There are some people who can't find a job…

On Thursday’s CBS Evening News, correspondent Chip Reid touted a new CBS News poll that portrayed Barack Obama as being more bipartisan on the current "stimulus" spending bill being debated in Congress, than Republicans: "The new CBS News poll shows 81 percent of Americans think the president is trying for bipartisanship, but less than half say congressional Republicans and Democrats are doing…

Have you ever wondered how the geniuses who report business news know why the stock market opens or closes up or down on any given day -- especially when they venture into political explanations? I received this e-mail from CNN just after the markets opened: Gosh, those e-mail drafters at CNN are smart. Who knew that the markets want the stimulus package so bad? Can't you hear, senators? The…

Chris Matthews is rooting for Barack Obama to get his so-called stimulus package passed so much, he offered him advice on how to sell it, on Thursday night's "Hardball," and cautioned him if he doesn’t succeed in that sales job he'll "let us down." Matthews, the former Jimmy Carter speechwriter, offered the following piece of advice to Obama on the February 5 edition of "Hardball":

It's time to wave the white flag and surrender to "post-partisan" unity. Yes, it's time for conservatives to abandon core principles and just allow the Pelosi/Reid/Obama pork-a-palooza, also known as the stimulus or the American Recovery and Reinvestment Bill of 2009, to pass into law. At least that's what one Newsweek columnist would have conservatives do. Now is not the time for political…

On Thursday's "Today" show NBC reporters offered little skepticism of Barack Obama's dictations to corporate America, instead buttressing Obama soundbites with sloganeering as, Meredith Vieira declared, "President Obama lashing out at Wall Street and clamping down on corporate fat cats," and Savannah Guthrie underlined, "The President bashed Wall Street," and "took a shot across the bow." The "…

While most of the liberal media gush and fawn over President Barack Obama's plans to radically expand government while imposing constraints on the private sector and ridiculing companies for actually wanting to make a profit -- oh the humanity!!! -- Fox News's Glenn Beck Wednesday night asked a question that should be on the minds of all Americans:When did socialism become a happy thing for us?…

During an interview of President Obama on Tuesday’s Anderson Cooper 360, CNN’s Anderson Cooper included a number of tough questions, compared to his gentle treatment of the Democrat almost a year ago, but concluded  with three softball questions on the executive’s search for a family dog, his new limo, and his cigarette habit. The anchor asked the president if he had “lost some of that moral high…

If former President George W. Bush said 500 million Americans are losing their jobs each month, do you think media would report it?Probably every hour on the hour until all 300 million Americans had heard about it, right?Well, during a press conference on an undetermined date, House Speaker Nancy Pelosi (D-Cali.) -- you know, the second in line for presidential succession right behind the vice…

Here are the January 2009 results (source articles - Detroit Free Press, Associated Press; December 2008 results on the right are from this USA Today report [scroll to bottom left at article]): General Motors - Down 48.9%Ford - Down 40.3%Chrysler - Down 54.8%Toyota - Down 31.7%Honda - Down 27.9%Nissan - Down 29.7%Relatively minor players Subaru and Hyundai posted gains (that's right) of 8% and…

I suspect most readers' first reaction to this will be, "There's no way George W. Bush would ever have gotten this level of sympathy from an Associated Press writer."You see, poor Barack Obama was having a hard time and getting stressed out after his first two weeks on the job. So he "escaped" with his wife to a Washington, DC public school.The Associated Press's ever-sympathetic (or, I should…

Conservatives, including the Business & Media Institute, have criticized President Barack Obama's mathematics and language regarding job creation. CNN's Ed Henry brought up that same criticism on Feb. 2 during "Anderson Cooper 360°.""[T]here are now questions about how many jobs Mr. Obama is promising to create," Ed Henry told viewers of the broadcast. Henry used three separate video clips of…

It hardly balances all of the airtime given to liberal proponents of President Obama’s plans for massive government spending as “stimulus,” but an actual network news program actually presented a single story outlining the conservative free-market approach to today’s economic problems. On Saturday’s Good Morning America, ABC correspondent John Hendren examined what he termed “a growing movement…