Economy

To show how foolishly hyperbolic the Old Media and the ignorati in our universities are, the Associated Press issued a dire report that breathlessly informed us all that Barack Obama is facing a "nation in crisis" and it's all "just like Lincoln and FDR." The AP even gets an historically illiterate university professor to sonorously declare how Obama is "one step away" from Lincoln and FDR. But…

Talk about "change." The latest version of president-elect Barack Obama's ever-evolving ideas for "community service" promises to pass out quite a bit of it to America's college students. The "America Serves" (link is to Google cache) and "Service" sections of Team Obama's Change.gov site have, uh, changed quite a bit over the past day or so after many, including Kerry Picket of Newsbusters,…

"The government is doing what it can. They've learned the lessons of the 30s. And the lesson of the 30s was to put ideology aside and do whatever you can to bail it out," New York Times Chief Financial Correspondent Floyd Norris said in an Oct. 8 video on the publication's Web site entitled "Echoes from a Dismal Past." "I agree with you," economics reporter Louis Uchitelle said, also…

Now that he's President-elect Barack Obama's new chief of staff, according to various Nov. 6 media reports, will Rep. Rahm Emanuel, D-Ill., face the same scrutiny Karl Rove did when he was named Bush's deputy chief of staff? More importantly, will the media take note the tie Emanuel had to the now taxpayer-owned, failed government-sponsored enterprise Freddie Mac? Emanuel, who was a senior…

Drastic times call for drastic measures, and CNBC's Jim Cramer has a drastic measure that probably won't sit well with border enforcement proponents. On Nov. 5 the host of CNBC's "Mad Money" detailed for his audience how he would save the economy serving under Democratic President-elect Barack Obama - under the facetious assumption he could be SEC chairman, Federal Reserve chairman and Treasury…

The first term of President Barack Obama will bring nationalized health care, attacks on the coal industry, higher government spending and higher taxes, according to Business & Media Institute Vice President Dan Gainor.On “Fox & Friends” Nov. 6, Gainor highlighted BMI’s most recent Special Report, America 2012, a look at what some of Obama’s major policies proposals will do to the…

The MSM have already begun circling the wagons around their guy. Like a secular priest, Chris Cuomo this morning absolved Barack Obama of any responsibility for yesterday's stock market nosedive, the largest post-election drop in history.Cuomo offered his absolution while chatting about the economy with Good Morning America co-host Diane Sawyer today.DIANE SAWYER: First we've got to start with…

Californians by very wide margins defeated two green initiatives that anthropogenic global warming enthusiasts in the media and in legislative houses across the fruited plain should take heed...but will they?To begin with, Proposition 7 would have required utilities to generate 40 percent of their power from renewable energy by 2020 and 50 percent by 2025.Proposition 10 would have created $5…

As election results rolled in, the hosts on CNBC's election coverage speculated what a win by Democratic presidential nominee Sen. Barack Obama might mean. CNBC "Kudlow & Company" host Larry Kudlow warned Obama shouldn't misinterpret the election results to unleash an attack on vital parts of the economy. "My point is Obama can not go far to the left if he is winning states like Ohio and…

Perhaps this is coming a little late with the election already underway, but the idea the current economy is as threatened as it was during the Great Depression is unfounded, according to the Nov. 4 USA Today. "Failed banks. Panicked markets. Rising unemployment. For students of history, or people of a certain age, it all has an all-too-familiar ring. Is this another Great Depression? Not yet,"…

If the Republicans had a few more spokesmen like Haley Barbour, the political landscape might look a lot different.  The Mississippi governor's down-home good humor and razor-sharp wit are a formidable combination. Barbour's killer combo of skills was on display on this evening's Hardball.  When Chris Matthews challenged his criticism of Obama's tax credit plan, Barbour good-naturedly backed him…

Obama’s Flips Head to Head With His Flops What the Lord Sayeth He then taketh Away… sometimes the very next day! If this video doesn’t show clearly how the media has allowed Obama to shamelessly flip flop on the issues, nothing does. Sometimes even from day to day Obama “nuanced” his way from one side of an issue to the other. Yet, the media never called him on it.