Recession

Tuesday's CBS This Morning played up the union-led protests against a proposed right-to-work law in Michigan. Elaine Quijano claimed "the protests here in Michigan...[will] likely only get bigger." Quijano added that "they're planning to return today in record numbers - protesters determined to defend one of the biggest union strongholds in the country." The correspondent loaded her report…

As Colonel Kurtz said at the end of Apocalypse Now: “the horror, the horror.”  That sentiment encapsulated New York Times Republican David Brooks and syndicated columnist Mark Shields’ reactions to the rejection of the UN treaty on the rights of the disabled in the Senate last week.  Brooks called it “embarrassment for the country” – while Shields called it “a profile in cowardice.”  Regardless…

Former Speaker of the House Newt Gingrich on Sunday gave Lawrence O'Donnell a much-needed education on the economic impact of the Bill Clinton tax hikes in the '90s. As O'Donnell precipitated the exchange, he perfectly demonstrated why MSNBC commentators are far too liberally biased to be invited on NBC's Meet the Press (video follows with transcript and commentary):

Where’s my bacon, Obama?  That's the attitude of Councilwoman JoAnn Watson, who said that in appreciation for Detroit having voted for the president, Obama should bail out the financially insolvent. In fact, Watson says, “that’s what you do” when your friends help you out.  Alas, the country sees the incompetence and the entitlement that has ruined Detroit.  Just because you helped get the…

During the December 4 edition of the PBS NewsHour, anchor Gwen Ifill decided to give a lofty eight minute and forty second interview to Obama cheerleader and Nobel laureate Paul Krugman so he can try to convince us that the fiscal cliff isn’t that big of a deal.  Of course, in his estimation, Democratic proposals for higher taxes and higher spending were serious, while Republican alternatives…

Actor and activist Ed Asner is the narrator of a new video called “Tax the Rich: An Animated Fairy Tale.” It was produced by the California Federation of Teachers (video follows with transcribed highlights and commentary):

Deck the halls! The Obamas were Christmas shopping on "Small Business Saturday," and spurring economic growth with their consumer spending.  Economic activity that may come to an abrupt end if we take the plunge off the fiscal cliff. CBSNews.com reporter Lindsey Boerma wrote on November 24 about the outing detailing how, “accompanied by his daughters Sasha and Malia, the president journeyed…

This morning the Obama administration's "National Economic Council & Council of Economic Advisers" jointly released "The Middle-Class Tax Cuts' Impact on Consumer Spending & Retailers." Among the howlers in this non-economic political document: "Independent Economic Analysis Clearly Demonstrates Why We Need to Extend the 2001/2003/2010 Tax Cuts for the Middle-class." But not everyone…

Schlockumentary filmmaker Michael Moore had some straight talk for Barack Obama Monday. In a letter to the President published at the perilously liberal Huffington Post, Moore advised Obama to "DRIVE THE RICH RIGHT OFF THEIR FISCAL CLIFF" while putting an end to "the s***ting on the poor."

Nuns on the Bus tour leader Sister Simone Campbell appeared on MSNBC's The Cycle on Thursday afternoon to discuss her ministry, which predictably led to her left-wing agenda becoming the focal point of the conversation. The only host to take issue with her talking points was token conservative S.E. Cupp, who was armed with facts and figures that the good sister could not rebut except by…

In what was a transparent attempt to scrutinize how conservative a black actress can really be, the ladies of The View invited Stacey Dash on the program to substitute for Elisabeth Hasselbeck. Immediately following her summary of what was to come, Whoopi Goldberg inquired how Dash was doing after the vicious attacks she had endured on Twitter for simply endorsing Mitt Romney. Without…

Well, there's one little bit of good news in Martin Crutsinger's final report on yesterday's release of the federal government's October Monthly Treasury Statement (I did a review of his initial take yesterday [at NewsBusters; at BizzyBlog]). The good news is that Crutsinger, unlike in most months during the past several years I have reviewed such reports, actually identified the single-month…

The media will never let a disaster – or a favorable (to them) election – go to waste. So the last month has been propitious for them. Combine Hurricane Sandy and the presidential election with the looming fiscal cliff, and the media have the perfect opportunity to push for a carbon tax. The New York Times claimed that “economists of diverse viewpoints concur that if the international…

CNBC’s Jim Cramer predicted a possible recession by Christmas if lawmakers didn’t step up and make some sort of deal in regards to the looming fiscal cliff. His prediction came during an Nov. 11 appearance on NBC’s “Meet the Press.” “We can gift wrap a recession by Christmas. We can set it right into place without some agreement,” Cramer told “Meet the Press” host David Gregory. He attributed…