Recession

It would appear, according to the Associated Press's Christopher Rugaber, that something unusual had to explain why initial unemployment claims as reported by Uncle Sam's Department of Labor rose to a seasonally adjusted 424,000 during the week ended May 21 when they were expected to decline. In previous weeks, poor performances have been explained by DOL spokespersons as due to the unusually…

Martin Crutsinger's Wednesday, May 11 coverage of that day's release of Uncle Sam's April 2011 Monthly Treasury Statement was such a train wreck that I had to turn away before I could get through it, hoping against hope that if I came back a few days later it wouldn't seem so bad. Of course I was wrong. How was Marty Crutisinger's report erroneous, incomplete, misleading, and from all…

When an admittedly liberal Nobel laureate in economics thinks trying to balance the budget is holding America hostage, one has to wonder if there are any adults remaining on the left side of the aisle. Consider what New York Times columnist Paul Krugman wrote Monday:

Sunday evening (at NewsBusters; at BizzyBlog), I predicted that the press will ignore the likelihood, based on the Congressional Budget Office's most recent Monthly Budget Review, that officially reported federal spending will top $1 trillion for the first time during a three-month period (i.e., for February through April 2010) when the Tim Geithner's gang issues its Monthly Treasury Statement…

New York Times columnist Paul Krugman Monday wrote another in a series of factually dishonest pieces about budget deficits and what he likes to call 'the Great Recession." In his "The Unwisdom of Elites," the unabashed liberal made numerous falsehoods and omissions to blame our current economic and budget woes exclusively on George W. Bush and "small groups of influential people":

Perhaps you hadn't noticed, but in late August 2010 Ben Bernanke took on complete responsibility for everything -- especially everything mediocre or bad -- that occurs in the economy. I know this because on August 27 and 28 (covered here and here), the Associated Press issued three reports essentially telling readers that it was up to Ben to save us. There wasn't anything Barack Obama, Tim…

If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget." In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the…

For the second night in a row Tuesday, MSNBC's Ed Schultz called Republicans liars. Also for the second night in a row, he did so moments before lying himself (video follows with transcript and commentary):

CNN's Howard Kurtz is either astonishingly naive or so strongly in the tank for Barack Obama that he's willing to ignore the totally obvious to assist the President's reelection efforts. On Sunday's "Reliable Sources," Kurtz actually discussed with far-left guests Joan Walsh of Salon and John Aravosis of Americablog.com - without ever disclosing the painfully inconvenient truth! - why the "so…

As NewsBusters has been reporting, since President Obama once again proposed letting the Bush tax cuts expire for the highest earning Americans, the media have been supporting it almost 24 hours a day. Doing his part this weekend was Chris Matthews who after the introduction of the syndicated program bearing his name actually began the show, "Why is taxing the rich so hard?" (video follows…

It certainly isn't a surprise that Nobel laureate Paul Krugman was far more pleased with the deficit reduction plan proposed by Barack Obama this week than the one unveiled by Rep. Paul Ryan (R-Wisc.) last week. In Friday's New York Times column "Who's Serious Now?" the unabashed liberal declared the President's proposal "really serious" and the Congressman's "a sick joke":

When Democrat presidential candidate Walter Mondale announced in his October 1984 debate with former President Reagan that he would raise taxes if elected, his  campaign was over, and he ended up losing one of the biggest election routs in American history. As Barack Obama prepares to offer the nation his deficit reduction plan Wednesday, it is widely believed he is going to recommend tax…

MSNBC's Ed Schultz began his show Monday talking about all the jobs President Obama has created since he took office. Unfortunately, as he made the case about how terrible the Bush years were by comparison, the "Ed Show" host wrongly informed his viewers that Democrats took over in January 2009 (video follows with transcript and commentary):

On the same day a new poll found only 37 percent of liberals strongly approve of Barack Obama's performance as president, the New York Times's Paul Krugman bashed America's chief executive for being missing in action. "What have they done with President Obama?" asked the Nobel Laureate. "Who is this bland, timid guy who doesn’t seem to stand for anything in particular":