Economy

Someone should explain to ABC: it ain't "dirty" if it's true.  GMA got the collective vapors this morning over the robo-calls the RNC and McCain campaign are making, informing voters of Barack Obama's close association with unrepentant terrorist Bill Ayers.  In GMA's book, there's no real difference between these calls—which Cokie Roberts alluded to as "dirtier" tactics—and the calls made against…

After smearing Joe the Plumber on Friday’s CBS Early Show, co-host Harry Smith turned to a group of his own hand selected ‘average Joes’ to defend Barack Obama’s tax plan: "I'll tell you, we have assembled a panel of 'average Joes.' Joe the plumber, the most famous person in America now. Well, we have five Joes here this morning, from various walks of life, and we're going to put their incomes to…

Story after story on the full-year results for the federal budget refers to the size of the full-year deficit for the fiscal year that just ended on September 30 ($455 billion), and how it compares to last year's deficit ($162 billion). Almost none of them talk about why the deficit ballooned. I wonder why? Could it be because the Democrat-controlled Congress of Nancy Pelosi and Harry Reid…

Barack Obama speaks with Joe-the-Plumber Wurzelbacher on October 12, 2008 in Holland, Ohio. (AFP/Getty Images/Joe Raedle)  

On Friday’s CBS Early Show, correspondent Jeff Glor reported on the role of Joe the Plumber, a.k.a. Joe Wurzelbacher, in the presidential campaign: "The McCain campaign is using Wurzelbacher to say their opponent would raise taxes. Though it turns out, Wurzelbacher himself owes nearly $1,200 in back taxes and his annual tax bill would actually go down under Obama's plan." Glor then added: "Obama…

You might know Barack Obama as the most liberal member of the Senate, a hyper-partisan who toed the Harry Reid line an amazing 97% of the time. But Andrea Mitchell sees in Obama a bipartisan president in the making. Appearing on Morning Joe today, Mitchell came close to speaking of an Obama presidency as a given, just managing to curb her enthusiasm. And wait till you see the people she cited…

When the Dow hit below 8,000, the media went nuts, crying the economy was on the brink of collapse. But a lot of that same economy is still doing quite well, despite the mainstream media. Businessman Dan Kennedy, a new columnist with the Business & Media Institute, shows how skewed the standard view really is. Between 91 and 94 percent of all home mortgages in the United States are current,…

ABC's "View" co-host Joy Behar dismissively called Joe Wurzelbacher's [Joe the Plumber] dream of owning a plumbing company a "fantasy" on the October 16 program. Co-host Elisabeth Hasselbeck called her out on it (audio available here):JOY BEHAR, co-host: Joe the Plumber doesn't have a business yet, he's fantasizing about a business he's going to have.ELISABETH HASSELBECK, co-host: Fantasizing?!…

"McCain Used Joe Wurzelbacher to Depict His Tax Plan; Ironically He Is in Line for Obama's Tax Plan," insists the subheader for an October 16 ABCNews.com story by Imaeyen Ibanga. The reporter pushed the Obama campaign talking points that as it stands right now "Joe the Plumber" would be a beneficiary of Illinois senator's tax plans:Wurzelbacher has become the focal point of the presidential…

At the top of Thursday’s CBS Early Show, co-host Maggie Rodriguez claimed that Joe Wurzelbacher, the Ohio plumber who criticized Obama’s tax policy, was upset that McCain mentioned him in Wednesday’s debate: "This is the small businessman first mentioned by John McCain, but then referenced repeatedly by both candidates. I had a chance to speak with Joe after the debate and he told me he did not…

Gee, and I thought I might be pushing the envelope on September 28 when I expressed concern that the "bailout" with the made-up $700 billion price tag that turned into the pork-loaded "bailout" with the made-up $850 billion price tag "blackmail" (though "extortion" may be the more appropriate word). It is clear that this is indeed the case, at least twice over. First, there were the threats made…

The Nobel committee can stop looking for next year winner of the Nobel prize in economics and hand the thing right now to Harold Myerson.  The WaPo columnist's effort of today, Gods That Failed, is Krugmanesque, reading like an extended gloat at the expense of believers in free markets. Ha-ha, mocks Myerson, your god of unregulated capitalism is dead.  Just like Communism failed, so has your…

On Tuesday’s CBS Early Show, co-host Harry Smith talked to former New York City Mayor Rudy Giuliani and asked about negative attacks in the campaign: "Alright, one of the things that's happened in the McCain campaign over the last couple of days is the personal attacks seem to have at least subsided or quieted down a little bit. Do you think, in the long run, this might actually have been a fatal…