Recession

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":

As debate rages across the country about whether it is reasonable to reduce federal spending in light of the fact that the federal government is spending more than eight times what it takes in, the same publications willing to defend that spending often simultaneously criticize spending by businesses that make a profit. One such story ran in publications nationwide this week, including the…

New York Times columnist Paul Krugman was in his predictable defend Obama at all costs mode on Sunday's "This Week." When former Bush administration official Torie Clarke said unemployment remains high because the private sector is concerned about future regulations, the Nobel Laureate scoffed, "All of this stuff about uncertainty is just a myth being made up to blame this on Obama" (video…

A consistent media meme in the past few months has been that Republicans are asking for Draconian cuts to the federal budget. On Friday's "Inside Washington," Charles Krauthammer didn't let the host get away with furthering this nonsense (video follows with transcript and commentary):

On her eponymous program today, MSNBC's Andrea Mitchell carried water for the Obama administration, warning viewers that not raising the debt ceiling would result in a "crisis" that would "stop the recovery." Interviewing Politico's Roger Simon, the NBC News chief foreign affairs correspondent argued that Republican opposition to empowering the federal government to borrow beyond its $14.3…

It was good economic news on CNN's Newsroom this morning. After a brief mention of radiation in Japan, anchor Carol Costello reported: Brand new numbers out of the Labor Department this morning. It turns out jobless claims plummeted last week. Down 6,000 to 388,000. I'm not certain what dictionary CNN news readers use, but "plummet" wouldn't seem to be the right verb.  Merriam-Webster's…

Former Clinton labor secretary Robert Reich wrote a truly nonsensical piece for the Huffington Post Tuesday ironically called "The Republicans' Big Lies About Jobs." MSNBC's Chris Matthews must have loved this tripe and its sophomoric title for he invited the Berkeley professor on Wednesday's "Hardball" so that the pair could put on a clinic in liberal economic fantasy (video follows with…

CNBC's Lawrence Kudlow on Friday made a stock market comment about the earthquake and resulting tsunamis in Japan that have liberal media members hyperventilating. Before we get to the response, here's what Kudlow said (video follows with partial transcript and commentary):

Chuck Todd on Sunday bashed Republican governor Mitch Daniels for his state having a 9.1 percent unemployment rate. The substitute host of NBC's "Meet the Press" must not be aware that this is lower than most of Indiana's neighbors and is basically the same as the national rate (video follows with transcript and commentary):

With civil unrest breaking out all over the Middle East and Africa sending oil and gas prices through the roof, one could make the case that Barack Obama more and more is looking like Jimmy Carter. On this weekend's "Chris Matthews Show," the liberal host made it seem that this is even on his mind as he made a rather telling slip of the tongue (video follows with transcript and commentary):

Hope springs eternal at CNN, at least some of the time.  Sure, the massively expensive Obama stimulus was a miserable flop.  And extending unemployment benefits worked to extend periods of unemployment, as numerous studies have shown.  Government jobs programs have failed for decades. No matter.  According to business correspondent Alison Kosik on CNN Newsroom today, a jump in jobless claims…

On MSNBC's "Daily Rundown" today, Steve Liesman robustly defended raising gasoline taxes as a way to address rising oil prices. The CNBC senior economics reporter minced no words to show his support for hiking the unpopular consumption tax in the midst of a sluggish economic recovery: "I want to offer that one of the real solutions here is a gas tax." After positing that the problem with…

New York Times columnist Paul Krugman on Friday made the idiotic claim that House Republicans are stealing food from babies and pregnant women. Later that evening, appearing on PBS's "Inside Washington," syndicated columnist Charles Krauthammer demonstrated just how foolish Krugman's assertion was (video follows with transcript and commentary):