Stimulus

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.

Bill Press this weekend said Barack Obama has created more jobs in the past 20 months than George W. Bush did in his entire eight years in office. As readers will see from the actual data compiled by the Bureau of Labor Statistics, Press's comments made on the "McLaughlin Group" were so false it's laughable (video follows with transcript and commentary):

Bill Press says what most liberals in the media will only shroud in cryptic code: the voters who swept Democrats out of power in the House are stupid. During the first hour of his eponymous radio program today, Press wished more liberal politicians would just say what they really think about the constituents they ostensibly serve: "Just once – probably never get reelected if you ever said it…

Buckeye State residents are supposed to be impressed with media reports like this one from WXIX in Cincinnati telling us that passenger rail ridership increased 14% last year to almost 147,000. That's just over 400 people a day. In the whole state. Spread over seven station stops in multiple cities. You've got to be kidding me. Context, people.

The Democrats'  "localized approach to the midterms is understandable, defensible—and wrong. The best way to keep control would have been a national message targeted at independents," Newsweek's Jonathan Alter complained yesterday in an article at the magazine's website. And what exactly should the Democrats have touted in a national campaign strategy for the midterms? Why, shovel-ready…