Recession

While you were watching Rand Paul's historic filibuster and the debate surrounding budget sequestration, an economic theory battle was waging between two of the nation's foremost liberal economists Paul Krugman and Jeffrey Sachs. In his most recent salvo published at the Huffington Post Saturday, Sachs spoke heresy to Obama-lovers across the fruited plain including Krugman claiming that…

The Coalition for the Homeless released a report Tuesday finding a record number of people living in homeless shelters in New York City. For some reason, the New York Times chose not to report it.

New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had an at times heated discussion about budget deficits, debt, and the economy on PBS's Charlie Rose Monday evening. At one point Krugman got so rattled by the facts that he actually said Scarborough quoting what he had said in the past was making an ad hominem attack against him (video follows with transcript and commentary):

Chris Matthews asked a question Sunday that should truly offend people on both sides of the aisle. During the syndicated program bearing his name, Matthews asked his panel, "Has President Obama put himself at political risk if the big cuts do not wreak havoc?" (video follows with transcript and commentary):

CNBC's Maria Bartiromo made a statement Sunday about all of the fearmongering concerning the looming budget sequester that people on both sides of the aisle should pay attention to. Appearing on NBC's Meet the Press, Bartiromo said, "I think Wall Street is seeing this as scare tactics because if the market really believed that the economy was going to be paralyzed on March 1 we would not be…

Senator Rand Paul (R-Ky.) had some harsh words Friday for all the fearmongering going on around the country concerning the looming sequester next week. Appearing on Fox News's Happening Now, Paul said, "Balderdash. It’s untrue, unfair, dishonest, disingenuous. The president is making stuff up" (video follows with transcript and commentary):

I am indebted to Amity Shlaes for gently correcting a joke of mine that dates back to July 8, 1972. On that date in the New York Times, I joshed that President Calvin Coolidge "probably spent more time napping than any president in the nation's history" and therefore was a successful president. My joke was a play on an earlier joke by H. L. Mencken, and now Shlaes has corrected both of us. She…

It appears not everyone in America is as enthralled with Barack Obama's economic policies as his fans in the media. When NBC Tonight Show host Jay Leno made a joke about the president not understanding economics, the studio audience cheered, applauded, and whistled (video follows with transcript and commentary):

Leave it to CBS News to push a liberal talking point as evidence of a national consensus on a highly contentious political issue.  Such was the case on February 5, when CBS This Morning brought on former General Motors CEO Ed Whitacre to push to Obama administration’s decision to help bail out General Motors and Chrysler. Speaking to Whitacre on Tuesday, co-host Charlie Rose introduced the…

Darn that economy. Why won't it behave? Doesn't it realize that Barack Obama has more important things to do than worry about its health and well-being? That's the tone I get from a story headline at the Associated Press, aka the Administration's Press, about how "ECONOMIC JITTERS COMPETE WITH OBAMA AGENDA." The poor guy; he has to pay attention to something he must have thought he could keep…

Economic activity in the U.S., turned negative in the fourth quarter of 2012 according to the Commerce Department, just one day after a huge drop in consumer confidence was announced. This took the media entirely by surprise. It was the first time the economy went into negative territory since the recession ended. But this significant report was completely ignored by NBC “Nightly News,”…

Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year. "We are now Europe," he declared on CNBC's Squawk Box.

ABC and CNN contributor Donna Brazile - posing as one of Barack Obama's trusted defenders in the media like she always does! - got a much-needed education Sunday about the President's profligate spending. Countering Brazile's propaganda on ABC's This Week, George Will said, "A dollar spent on A cannot be spent on B...This is our future. We're going to be an assisted living home with an Army.…

A week ago, Associated Press reporters and their articles' headlines described the nation's job market in positive terms. An early a.m. report on Janaury carried this headline: "U.S. job market resilient despite budget fight." Later that same morning, just before the government's release of that day's employment report, there was this: "Jobs report expected to show underlying economic strength…