Economy

"Good Morning America" news anchor Chris Cuomo on Tuesday actually challenged liberal House member Barney Frank over how Congress has spent the bailout money. At one point, after the host implored Frank to think of the American taxpayers, the irritated congressman commanded, "I'm sorry, sir, but- I'm sorry, if you keep interrupting we cannot have a coherent conversation." Frank would later rage…

To say that President Vaclav Klaus of the Czech Republic is not liked by Euro-elitists is a grand understatement. European media has generally bent over backwards to give European Union politicians and bureaucrats in Brussels respect and the benefit of the doubt. If there is a voter referendum that enhances EU power, the press is for it, and those in countries like Ireland who reject its advances…

In its opening half-hour, Good Morning America found time to tell us—twice—that Pres.-elect Obama choked up with emotion as he viewed his packed-up old home. But somehow ABC never got around to mentioning that a possible pay-to-play scheme was behind Bill Richardson's bye-bye as Commerce Secretary nominee.After the show-opening roll in which the president elect was shown heading to DC, Robin…

Reuters ran a little flak for Barack Obama trying to help dull the outrageous expectations placed on The One by his irrationally exuberant adherents in theirs headlined "Congress faces historic challenges" -- As if no other Congress has faced "historic challenges" before? Reuters assures us, though, that times are so bad that we should not expect Obama to live up to any of his outlandish promises…

During a report on Friday’s Situation Room, CNN correspondent Susan Roesgen failed to mention the left-wing affiliation of the “activists” who were protesting near the Chicago home of President-elect Barack Obama. She only labeled them as “pro-Obama” and that they “promote a list of campaign promises they want Obama to remember -- promises to bring the troops home, to stop foreclosures, to make a…

GMAC may be in financial trouble, but that isn't stopping the auto lender-turned-bank holding company from maintaining its corporate sponsorships. The question is - will anyone notice?  In October, GMAC (NYSE:GKM) changed its legal status so that it would be eligible for TARP funds passed by Congress. Late last month, GMAC was approved to receive a $5 billion lifeline from the U.S. government.…

Some call it "the dead tree edition" of the news media. But as 2009 dawns, trees may not be the only casualties.Newspaper companies as an investment are less lucrative than they once were. Alan D. Mutter, a Silicon Valley CEO, pointed out on his blog that newspaper companies took a hit in 2008 in terms of share value to the tune of $64 billion. "In the worst year in history for publishers,…

If exaggerated reports of global economic distress act to further dampen consumer confidence and actually worsen the situation, can press outlets be held legally liable?Such was espoused by a corporate lawyer Thursday in response to a poll that found 77 percent of Americans "think the financial press is making the economic crisis worse by projecting fear into people's minds."As reported by…

Ever since the financial services industry totally melted down in September, anti-free market media have pointed an accusatory finger at deregulation as the primary cause of bank, brokerage firm, and insurance company failures.Yet, as press outlets across the fruited plain deal with declining revenues and layoffs, some believe a looser anti-trust environment could be the solution.Even more…

Ronald Reagan once said:Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.  Is there no finer example of this concept than our government's hundred year relationship with the American auto industry?Before you answer, consider the following Wall Street Journal editorial published…

Michelle Malkin called it, as did several NewsBusters commenters. Their prediction was that newspapers on the brink would be asking for government bailouts.It came to pass in late November that seven Connecticut legislators asked the state's Department of Economic and Community Development for help in keeping the New Britain Herald and the Bristol Press afloat. A JPEG of the full letter with…

On Sunday’s Face the Nation on CBS, fill-in host Chip Reid discussed the economic crisis with left-wing economist and New York Times columnist Paul Krugman, wondering: "I know you've been arguing for a more progressive government for a long time and obviously at difficult times like this, I don't want to suggest that a recession is a good thing. But if looking back at this five years, or some…

The ostensible subject was Caroline Kennedy. But in the course of, you know, discussing Kennedy's foundering effort to, you know, be anointed senator, Mika Brzezinski said something of more enduring interest.  The Morning Joe co-host provided a telling glimpse into the liberal mindset, as Brzezinski cast her vote for Big Mommy government.Host Joe Scarborough observed that New York Gov. David…