Economy

Christian Science Monitor reveals what most economists have known for years. Free Market ProjectFor years, the media have been telling Americans the economy, though growing, is not producing good jobs. From Lou Dobbs’ continuous rant at CNN about “The War on the Middle Class” to the Washington Post’s E. J. Dionne claiming in a February 21 op-ed that “The decline of manufacturing employment…

CBS and ABC played to petty jealousies on Thursday night. Both aired silly stories which contrasted the large retirement package, earned by former ExxonMobil Chairman and CEO Lee Raymond, with the average retiree income or the burden rising gas prices supposedly put on a typical family. CBS Evening News anchor Bob Schieffer announced: “The average American enters the golden years -- retirement…

In November, famed television host Oprah Winfrey was gushing over the possible presidential candidacy of Hillary Clinton (D-NY) at the International Emmy Awards ceremony. Unfortunately, it appears that these two prominent liberal women don’t share the same view concerning wealth in our nation, for one panders as if she hates it – lavish book contracts and futures trading forays aside – while the…

In the past couple of weeks as illegal immigration has dominated the front pages and the lead stories of virtually every network’s evening news program, you haven’t been able to swing a gato muerto without hitting some pundit or broadcaster discussing the “unwanted jobs” being taken by undocumented workers. In fact, according to LexisNexis, there have been over two hundred news reports since this…

The Bush administration and all Americans got great news on the economic front Friday when the Department of Labor's Bureau of Labor Statistics reported 211,000 jobs were added in March while the unemployment rate fell to 4.7 percent, the lowest level in four-and-a-half years. Yet NBC didn't see a booming economy. “President Bush used the jobs numbers as a starting point for a new push to try to…