Recession

In one of the least needed reassurances in modern political history, President Obama's top political man David Plouffe, "told Democrats late last week that the White House would not suffer from overconfidence. 'What I don't want to suggest is that we're sitting around and thinking everything is great,' he said." With the White House's own economists predicting 9 percent or worse unemployment…

Last Thursday, President Obama unveiled his "American Jobs Act" to a joint session of Congress with a new plan for job creation. The plan takes a Keynesian approach, much like his previous stimulus bills, but with little success from them, it seems that Obama's American Jobs Act is not so much an economic plan as a political plan for his reelection. Obama and his advisors recognize that they…

America was in a post-stock market bubble bursting recession, had just suffered its worst mainland attack in its history, and New York Times columnist Tom Friedman believes ten years later all would have been made right if the President of the United States on September 12, 2001, had raised taxes. This is what Friedman, in his most recent blame all the troubles of the world on George W. Bush…

Exactly what country does New York Times columnist Paul Krugman actually reside in? Before you answer, consider the following sentence from his article Monday:

It appears one should never say in Christiane Amanpour's presence Barack Obama isn't ideologically flexible. When former Congressional Budget Office director Douglas Holtz-Eakin did so on ABC's "This Week" Sunday, the host pushed back, "Do you think that’s true that he hasn’t shown flexibility since he's, he’s sort of come completely to the Republican tenor of the debate?" (video follows with…

If it's Sunday, New York Times columnist Paul Krugman must be "saying something really stupid or outrageous." On ABC's "This Week," the Nobel laureate told host Christiane Amanpour, "If Obama called for endorsing motherhood, the Republicans in the House would oppose it" (video follows with transcript and commentary):

Appearing as a guest on Friday's Last Word to discuss Republican presidential candidate Jon Huntsman's plan to simplify the income tax code, MSNBC political analyst Richard Wolffe saw extremism in the Tea Party movement as he asserted that Huntsman's plan was "moderate when you compare it to where the Tea Party extremists want to take this." As the discussion turned to the current anemic job…

Charles Krauthammer on Fox News's "Special Report" Friday offered Republicans a 2012 campaign slogan to defeat Barack Obama. "President Zero: zero economic expansion, zero jobs, zero ideas on how to cure the economy" (video follows with transcript and commentary):

Syndicated columnist Charles Krauthammer on Friday said one of those truly memorable lines he comes up with from time to time. Speaking about Barack Obama's decision to give his jobs creation plan before a joint session of Congress next week, Krauthammer told the host of PBS's "Inside Washington," "The same way the Federal Reserve is debasing our real currency he’s debasing the currency of…

Somebody better tell incoming MSNBC host Chris Hayes the network giving him his own show later this month doesn't cotton to commentators disrespecting President Obama. On Thursday's "The Last Word," Hayes told host Lawrence O'Donnell the current White House resident can't run his reelection campaign like Franklin Delano Roosevelt did in 1936 because FDR actually had a strong economic record…

Poor President Obama. There's only so much he can do to lift the economy. He's tried so much already, yet somehow it just hasn't worked. Now his options are limited by those darned Republican demands for "fiscal austerity" and a "tight debt ceiling" (of "only" $2.4 trillion) which was only raised by enough to get him through his reelection effort (in 14-1/2 months). This is the utter garbage…

In his Friday column ("Failing Forward"), published in Saturday's print edition, the New York Times's Charles Blow really blew it in attempting to relay an abortion-related statistic from the abortion-supportive Alan Guttmacher Institute. Blow wrote (shown here) that "the unintended pregnancy rate has jumped 50 percent since 1994." The Times has since corrected the column to reflect what the…

In "Ben Bernanke Embraces Obama's Reality-Based Presidency," Time's Michael Grunwald posited that Republican presidential contender Rick Perry is divorced from reality, especially when it comes to the best policies to fix the economy. Grunwald opened with snark...

Maybe AP stands for "Alternative Planet." In an early version of Julie Pace's coverage of President Obama's selection of Alan Krueger to be the next head of the White House Council of Economic Advisers, the following paragraph appeared (bolds are mine):