Recession

CNN's Fareed Zakaria Thursday called the debt ceiling battle a "sideshow" caused by the Tea Party. Appearing on "In the Arena" as a supposed "astute observer of the economy," Zakaria proceeded to bungle economic and historic facts like a high school dropout (video follows with transcript and commentary):

Today on the 2:00 pm segment of CNN Newsroom, anchor Randi Kaye spoke with CNN political producer Shannon Travis about criticism directed at President Barack Obama: TRAVIS: Yes, really, really quickly, billionaire Steve Wynn, you've seen his resorts all over Las Vegas. He's blasting President Obama. I'm going to read this quote from a call, an earnings call yesterday. Quote, "I'm saying it…

Kicking off the NBC4 11 o'clock news last night, veteran Washington, D.C. anchor Jim Vance touted an exclusive interview he had earlier that day with President Barack Obama. Vance then aired an excerpt of the interview, comprised of two softball questions. Afterwards, he informed viewers they could find the full interview at the station's website, nbcwashington.com. Unfortunately, the rest…

Chris Matthews on Wednesday gave a lesson on utterly shameless fear-mongering. In the final segment of MSNBC's "Hardball," the host said, "Failure to act on the debt ceiling will create a horror for our country, a horror we’ve never seen before" (video follows with transcript and commentary):

President Barack Obama and congressional leaders seeking to negotiate a deal to increase the legal limit on the federal government's debt, would need to agree to increase that debt by $615.865 billion between now and Sept. 30, just to keep the government going at current spending levels, according to the CBO's latest estimate of the fiscal 2011 deficit and the Treasury Department's latest…

At a White House press conference today, President Barack Obama said that "professional politicians" understand the debt crisis better than "the public." 

It is truly fascinating how liberal media members will do anything to protect the reputation of Fannie Mae and Freddie Mac. On this weekend's "McLaughlin Group," Newsweek's Eleanor Clift revised history to largely absolve the two government-sponsored enterprises for last decade's mortgage collapse while predictably blaming it on Wall Street and of course George W. Bush (video follows with…

Democrat strategist and ABC contributor Donna Brazile on Sunday predictably blamed the current debt ceiling impasse on Republicans and their refusal to raise taxes. This led George Will to state what would be obvious to all media members if they weren't so in the tank for Barack Obama, namely that he and his Party have been kicking the deficit can down the road so long they're guilty of "can…

While Associated Press Economics writers like Christopher Rugaber and Paul Wiseman, as seen in a post this morning (at NewBusters; at BizzyBlog), talk of "baffled economists" and a job market that is "defying history," one AP writer, in discussing stocks which have done well in this economy, has revealed what employment prospects really are with quite un-baffling certainty from the point of…

You knew when you saw conservative author Ann Coulter was pitted against far-left MSNBC contributor and Nation magazine editor Christopher Hayes on HBO's "Real Time" sparks were going to fly. Such occurred when Hayes told the panel that his mother works for the government prompting Coulter to respond, "She is a drain on society" (video follows with transcript and commentary):

Eugene Robinson's column in Thursday's Washington Post should have been placed in that paper's funnies section rather than the opinion page. His solution to our nation's deficit would be laughable if it wasn't so gosh darned scary:

The New York Times on Friday once again proved itself to have absolutely no clue how budgets work. In its editorial "Negotiating the Debt Ceiling on a Knife's Edge," the Times - like so many other math-challenged "news" organizations in America today - blamed the current debt ceiling woes on the Bush tax cuts and Republican refusal to raise revenues:

Friday afternoon, the White House quietly released its annual report to Congress on White House staff salaries. Among the employees is the infamous director of progressive media and online response, Jesse Lee, who is paid $72,500 a year to provide White House sanctioned responses to any negative press it receives. The position, which was previously part of the privately-funded DNC's rapid…

On Friday, at its Political Hotsheet, Corbett B. Daly at CBS News, who joined the network in late May after leaving Reuters, appeared to virtually celebrate what he believes was the latest of Mitt Romney's flip-flops. Though it's clear that Mr. Romney has flip-flopped in the past on a number of matters, it's hard to see how Daly or any of the other flip-flop scorekeepers has a case -- at…