Recession

"Crazy Larry" O'Donnell is at it again. On "Morning Joe" Wednesday, the MSNBC host questioned the entire debate over which government spending programs to slash, asking why the president and Congress are even considering cutting spending in the first place. "I think we've lost a first principle here," he remarked of the situation. What is this "first principle" O'Donnell speaks of? "Why…

President Obama and the Democrats have spent trillions of dollars in the past two years without successfully growing the economy enough to produce jobs. Despite this immutable fact, MSNBC's Chris Matthews on Tuesday's "Hardball" said government spending is a far better stimulus than cutting taxes (video follows with transcript and commentary):

On Monday, President Obama announced that 2011's budget deficit is going to be an all-time high $1.65 trillion. In an interview with Fox News's Bill O'Reilly later in the day, ABC's George Stephanopoulos predictably blamed the red ink on former President George W. Bush (video follows with transcript and commentary):

In his lifetime, Princeton economics professor and Nobel Laureate Paul Krugman has published 20 books, over 200 papers, and since the year 2000 two columns a week at the New York Times. Clearly without understanding the irony of his question, the man once accused by the Gray Lady's ombudsman of possessing a "disturbing habit of shaping, slicing and selectively citing numbers" asked his…

The 2011 budget shortfall, which is the responsibility of the previous Congress, is now projected to be $1.65 trillion. If accurate, this means that since the Democrats took over Congress in 2007, we have posted over $5 trillion in deficits.

MSNBC's Ed Schultz began his show Monday railing against American corporations sitting on trillions of dollars of cash while refusing to exhibit "economic patriotism" by using those funds to add to their payrolls. In a demonstration of classic liberal hypocrisy, the host of the "Ed Show" finished his program calling AOL's purchase of the Huffington Post "a big f-in deal" while not once asking…

Former Reagan Chief of Staff James Baker on Sunday took issue with having the 40th President blamed for financial deregulation. When "Meet the Press" host David Gregory brought this up at the end of his program, Baker replied, "[The deregulation of the financial industry didn't occur on Ronald Reagan's watch, it occurred for the most part, I think, on Bill Clinton's watch" (video follows with…

As NewsBusters previously reported, CNBC's Rick Santelli was very disappointed by Friday's jobs report from the Labor Department showing a surprising decline in the unemployment rate to 9.0 percent. Disappointing is hardly the word I would use for buried inside the numbers was another huge decline in the size of the American labor force that should have economists and government officials…

Ed Schultz on Tuesday spent a great deal of time blaming the crisis in Egypt on rising food prices tying commodity inflation to former President George H.W. Bush and Wall Street speculators. Not once in over fifteen minutes of air time were the name Bill Clinton or the two bills he signed into law that deregulated the financial services and commodity futures industries mentioned (videos…

The President that expanded the role, scope, and size of the federal government more than all that came before him or since is unquestionably Franklin Delano Roosevelt. Yet on Tuesday, moments after calling Congresswoman Michele Bachmann a "balloon head," MSNBC's Chris Matthews actually said FDR "bailed out capitalism in the '30s" (video follows with transcript and commentary):

For years, Democrats and their media minions have maintained that the economic boom of the '90s was caused by the fiscal policies of President Bill Clinton, in particular his 1993 income tax hike. Appearing on ABC's "This Week" Sunday, New York Times columnist Paul Krugman shockingly said what conservatives have been claiming all along (video follows with transcript and commentary):

Despite virtually all economists and the Chairman of the Federal Reserve finding Friday's unemployment report disappointing, MSNBC's Ed Schultz parroted President Obama's take that the numbers released by the Labor Department were good news. The "Ed Show" host crowed so gleefully about the much-maligned data that he even said it was evidence the 2009 stimulus package worked (video follows…

 Appearing as a guest on Friday’s Countdown show on MSNBC, Washington Post staff writer and Newsweek columnist Ezra Klein defended Obamacare and warned Republicans against attempting to repeal the law as he contended that some provisions are popular with the public. After host Keith Olbermann asked if Democrats should "relish rejoining the fight over health care reform" because it could hurt…

As she debated conservative rocker Ted Nugent on a special edition of CNN’s Anderson Cooper 360 on Wednesday during the 9:00 p.m. hour, liberal comedian Roseanne Barr tagged Sarah Palin a "loon" and a "traitor to this country" and, although she apologized later, called Palin’s followers the "dumbest people on Earth," and described them as being "on the government dole." Barr: "I think she's a…