Recession

At the top of Tuesday's CBS Early Show, co-host Harry Smith proclaimed: "Angry Americans. A new report declares the recession officially over. But many of us are not feeling it. Even taking on the President himself." Later, he seemed to portray the President as a victim: "...a lot of Americans are still suffering its [the recession's] effects, and are taking it out on President Obama."In a report…

One of the Left's most esteemed economists, the liberal Center for Economic and Policy Research's Dean Baker, claimed Monday the "Second Great Depression," the term given to what many believed the country was heading for if drastic government action wasn't taken in the fall of 2008, was all a fiction created by Wall Street to get bailed out.In Baker's view published at the unashamedly liberal…

MSNBC's Contessa Brewer mocked attendees of the Values Voter Summit today, directing her ire at former vice presidential nominee Sarah Palin, Delaware Republican Senate nominee Christine O'Donnell, and the entire conservative movement."So, they're calling themselves values voters, but isn't this election really about the economy and not so much what we think of as values?" sniveled Brewer, who…

At a minimum, taxpayers have spent $9.1 million as of July 2010 on signs advertising the Obama administration's American Recovery and Reinvestment Act, also known as the stimulus law, according to federal officials reporting estimates to the Recovery Accountability and Transparency Board.But the cost is probably much higher since the six government agencies that spent stimulus dollars relied…

Since the financial industry collapse two years ago, dishonest media outlets and their employees have continually blamed George W. Bush for the implosion that occurred in the fall of 2008 as well as the resulting recession.NewsBusters has regularly pushed back on this historically inaccurate premise specifically pointing to two crucial pieces of legislation signed into law by former President…

Interviewing White House senior adviser Valerie Jarrett yesterday, The View's liberal co-hosts repelled Elisabeth Hasslebeck's tough questions on President Obama's failed economic agenda by changing the subject and ignoring their conservative colleague's criticism.Refuting the claim that the economy is "certainly moving in the right direction" despite dismal unemployment numbers, Hasselbeck asked…

As NewsBusters has previously reported, liberal Internet publisher Arianna Huffington is breathtakingly ignorant when it comes to basic economic theory.On Sunday, she proved it again by making an absolute fool of herself on ABC's "This Week." With the "Roundtable" segment beginning on the subject of the economy, Huffington noted how the failure of the banking bailout to stimulate growth was "…

For general discussion and debate. Possible talking point: Here's change you can believe in!The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.Census figures for 2009 - the recession-ravaged first year of the Democrat's…

Whenever President Barack Obama defends what his presidency to date, specifically on economic issues, he'll speak of inheriting a bad economy from the previous administration, and then assures listeners of his intention to make the economy his top priority. So why hasn't he done it? Why have there been other distractions like cap-and-trade, ObamaCare, bailouts, etc. and not a push for a real…

Recently, the economic news has been troubling. The latest jobs report showed another month with net losses, GDP was revised downward to a "tepid" 1.6 percent for the second quarter and others sectors like housing have still shown signs of weakness. Obama's "recovery summer" came to a close with 14.9 million Americans unemployed and many worried about the overall economy. Some politicians…

To many, it's hardly a revelation to most, but when someone keeps taking the same action over and over again, even to his detriment, it can reveal a lot about that individual's belief system. This was an observation CNBC "Squawk Box" host Joe Kernen made about the Obama administration's willingness to embrace a populist "soak the rich" tactic against the wealthy in the United States, even…

CNN's Rick Sanchez took a very strong position about a White House promise on Monday only to have to backtrack and admit he was wrong 45 minutes later.During Monday's "Rick's List," Sanchez challenged Republican National Committee communications director Doug Heye about his claim that the Obama administration said the unemployment rate wouldn't exceed eight percent if Congress enacted the…

It's interesting, and more than a little frustrating, to see how inflammatory words in speeches delivered by liberal and leftist politicians that might cast them in a bad light don't seem to make much news. One such example occurred in a speech yesterday at Cincinnati's Coney Island, on the occasion of the AFL-CIO's huge annual picnic there. At that event, Ohio Governor Ted Strickland lashed out…

As the not-so "recovery summer" draws to an end, many are scratching heads, wondering what it will take for the economy to pull out of this recession. According to Maria Bartiromo, host of CNBC's "Closing Bell," it will be political change in Washington, D.C. In an appearance on NBC's Sept. 7 "Today," she said the best stimulus would be a Republican-controlled House of Representatives. "This…