Economy

Today's announcement there were 167,000 net new jobs in December (196,000 counting revisions to prior months), and that the unemployment rate held steady at 4.5%, made me wonder how job growth during the Bush prosperity compares to job growth during comparable periods in the 1990s. The answer -- Pretty darn well:

Two days before Democrats open the new Congress in the majority, CNN business reporter Ali Velshi echoed their liberal talking points on the minimum wage.See my story here. Liberal activists and Democratic spokesmen are quick to argue that the minimum wage is too low and unfair. But on the January 2 “American Morning,” that argument came from a CNN business reporter.While CNN’s Ali Velshi did…

I considered making Paul Krugman's column, "Helping the Poor, the British Way", my subject of this Christmas Day. I even had a snappy headline sussed out: "Let It Snow Socialism". But when it comes to using the message of the day to berate the United States, Krugman can't hold a Christmas candle to James Carroll of the Boston Globe.Krugman took a glancing shot: "It’s the season for…

A rather extraordinary conclusion was reached by members of the panel on Sunday’s “The Chris Matthews Show” – the economy is strong. What makes this so earth shattering? Well, because the host prior to the elections – which, by the way, were only about seven weeks ago – regularly talked about how badly the economy was doing, and didn’t challenge those espousing similarly bearish viewpoints. Yet,…

Last year, I sensed that journalists in general prefer to call this time of the year in commerce that of "holiday shopping" instead of "Christmas shopping," but that when it came to people losing their jobs, they preferred to describe layoffs as relating to "Christmas."My instincts were proven correct, as you can see below from the results of three different sets of Google News searches in…

The Boston Globe can't put two and two together on immigration. Just last week it wrung its editorial hands over the fact that illegal immigrants are taking jobs away from. But naturally it didn't make the logical connection and call for a crackdown on illegal immigration. Then today, the paper lends its pages to a union official who, when it comes to illegals, sees only employers, with nary…

It goes without saying that if you're the Commander-in-Chief, among the first people whose criticism you'd want to take into account would be . . . Hollywood movie stars. At least, that would seem to be Chris Matthews's opinion.Have a look at this video clip from this afternoon's Hardball.The specific object of Chris's ire was the president's suggestion at his press conference today that…