Stimulus

For Chrystia Freeland, the thought of only taxing wealthy estates 35 percent is "destructive to the fabric of America." The Reuters global editor-at-large went on a ear-piercing tear this afternoon on MSNBC's "Dylan Ratigan Show," stoking the flames of class warfare. "[The wealthy] were just born–it's the lucky sperm club, right?" screeched Freeland. "I don't think American wealth should be…

Liberal media members opposed to President Obama's tax cut compromise plan have been making the case that it's hypocritical of the Tea Party not to be universally against the measure given its impact on the deficit. After Ed Schultz and Bill Press not surprisingly took this view on Monday's "Ed Show," Michael Medved gave them both a much-needed education on the subject (video follows with…

The staggering ignorance and/or blatant dishonesty of liberal economic commentators never ceases to amaze me. Consider the following item from former Clinton labor secretary Robert Reich published at the Huffington Post moments ago (picture courtesy Life magazine):

Charles Krauthammer on Friday scolded Mark Shields and other liberals for "moaning and bitching" about the President's compromise tax plan after months of demanding the White House implement a second stimulus package. After Shields on PBS's "Inside Washington" predictably criticized Obama for agreeing to extend the Bush tax cuts on the so-called rich, Krauthammer marvelously struck back (…

Charles Krauthammer on Monday said that when Barack Obama spoke to the nation hours ago to announce a tax extension compromise just reached with Republicans, "It was actually a speech addressed at Daily Kos, the New York Times, and MoveOn." In Krauthammer's view expressed on Fox's "Special Report," "This was a speech aimed at appeasing the Left which is extremely angry over this" (video…

At the Associated Press late Sunday afternoon, reporter Paul Wiseman, who may have the most inappropriate last name in the history of business journalism, engaged in a brazen "It's really not that bad" excuse-making exercise on behalf of the economy Barack Obama, Nancy Pelosi, Harry Reid, and Ben Bernanke have created. In the process, he joined a Reuters reporter in questioning the validity of…

From the same organization that gave us the ‘lives touched’ method for calculating stimulus job creation, the Department of Energy (DOE) has now stumbled upon a whole new way to increase employment.  The Environmental Protection Agency on Wednesday announced that they are investigating ‘an uncontrolled spread of radioactive material’ at the Knolls Atomic Power Laboratory in Niskayuna, New…

In no uncertain terms, Rush Limbaugh (link will become unavailable in seven days) ripped into an Associated Press report today on the alleged perils of allowing unemployment benefits to expire for what the Labor Department says is nearly 2 million unemployed: I have not had one class in economics since high school in the 1960s -- not one -- and I understand more about this through my own self…

There are times when one has to think the Manhattan building that is the home of the New York Times doesn't have any windows, doesn't have any television sets, and doesn't have any doors that allow employees to venture out and actually see what's happening in America beyond the walls of 620 Eighth Avenue. Consider that after the impact the Tea Party has had on our nation's politics the past…

New York Times columnist Paul Krugman on Friday said the reason so many Republicans are opposed to the Federal Reserve's new monetary stimulus scheme of quantitative easing is because they really want the economy to stay weak in order to harm President Obama. Readers are advised to strap themselves in tightly in preparation for the paranoid lunacy on display:

Gosh, what's a bigger story -- that to the extent it was ever happening at all the housing recovery "seems to have been aborted," or that according to the government there was very little inflation in October?

Sen. Chuck Schumer (D-N.Y.) on Sunday claimed the President's stimulus plan combined with 2008's Troubled Assets Relief Program resulted in ten million jobs being saved. Such was actually said on CBS's "Face the Nation" (video follows with transcript and commentary):

When you increase demand for something, its price should go up. In the case of bonds, if the demand for them increases, their price should go up, and their effective interest-rate yield should go down. That didn't happen on Friday when the Federal Reserve began executing its second round of "money from nothing" quantitative easing. Even though the Fed increased demand, bond prices went down…

Rush mentioned this when he opened his show today, and it deserves a bit of graphic support. Today's New York Times print edition has a headline at the top right which reads: "Obama's Economic View Is Rejected on World Stage" (captured here for future reference). Ouch. But there's also a story about the story, specifically concerning its stinging headline.