Stimulus

According to liberal economic Paul Krugman, a "third depression" will occur if nations tighten their belts and attempt to balance their budgets. Forget about the riots in Greece over a social welfare system the government couldn't maintain or a $1.4 trillion annual U.S. budget deficit. Krugman claimed that the threat of deflation supersedes both of those results of runaway government spending -…

Based on the view of a single economist, ABC portrayed the agreement by world powers, at the G-20 summit in Toronto, to pursue fiscal sanity over the accelerated government spending urged by President Barack Obama, as a threat the well-being of the American people. “President Obama lost an argument today with other world leaders, and some economists say that could plunge the world into a second…

George Will on Sunday gave a much-needed economics lesson to New York Times Washington correspondent David Sanger that greatly demonstrated the difference between how conservatives and liberals view unemployment benefits.As the Roundtable segment of ABC's "This Week" shifted to the G20 summit in Toronto, Sanger said, "Just the day before [Barack Obama] left, Congress could not come to an…

On his June 24 radio show, left-wing host Ed Schultz went on a rant against NewsBusters’ Matt Hadro, who earlier that day wrote a pretty inoffensive piece documenting how Schultz credited President Obama’s $862 billion stimulus package with more than doubling the size of his North Dakota construction firm. Schultz bizarrely (and incorrectly) tried to ridicule the Media Research Center summer…

On Thursday, a new unemployment bill died in Congress as Senator Ben Nelson (D-Neb.) joined Republicans on the grounds that government spending can't go on forever. Instead of reporting both sides, the media couldn't seem to hide their anger. The bill was called a "jobless aid" package that "governors were counting on" to help "the poor" across the nation. Almost all news reports began from the…

It's union thuggery, but at a higher echelon.Imagine you're representing the AFL-CIO, going on Fox News and trying to make a case that the $787-billion stimulus last year wasn't nearly enough and that more is needed, despite the prevailing argument being that Keynesian economics doesn't work based on this example.Well, Ron Blackwell - the chief economist for the AFL-CIO faced that on the June 25…

This is one of those "I told you so" moments conservatives should really be out publicizing: The $787-billion stimulus passed early 2009 - it's not working. And on CNBC's June 25 broadcast of "The Call," CME Group floor reporter Rick Santelli explained that all government spending is not created equal, and President Obama's so-called stimulus spending was for government payrolls and not the…

Fresh off his Tea Party cover story in the June 24 Weekly Standard, CNBC's Rick Santelli foresees what could be classified as an economic black hole for the United States of America.On the network's June 24 broadcast of "Strategy Session," the CME Group reporter explained how the country could be headed down the same path and face the economic calamity the Japanese faced in what is known as the…

While defending the Obama administration as a champion for small business owners, MSNBC host Ed Schultz revealed that his construction company more than doubled its number of employees in the past year – thanks to the stimulus bill."We've gone from eight employees to 20 employees in the past year, because of the stimulus package," he said of his construction company. "We've put some people back…

On Friday's Situation Room, CNN's Jack Cafferty tossed cold water on the Obama administration's "recovery summer" claims, stating that the "current recovery has been one of the worst for job creation ever." Cafferty also criticized the dangerous growth in the national debt, underlining that there "appears to be a rather serious disconnect," as the President requested billions in additional…

For taxpayer-funded PBS, the blueprint for America's future is centered on advancing the Obama administration's taxpayer-funded green agenda. In the June 17 installment of "Blueprint America," Miles O'Brien, a "NewsHour" special correspondent, hailed Dubuque, Iowa as the "city of the future" for transforming itself into a liberal beacon of environmental sustainability.O'Brien's piece showered…

The news media have recently been struck with World Cup fever, with two broadcast networks sending reporters to South Africa to cover the games. At the same time, a bailout request that could cost taxpayers another $50 billion was ignored by most broadcast news programs. ABC, CBS and NBC spent a combined 25 minutes 54 seconds talking about World Cup soccer between June 13 and 15. That was…

The network morning and evening news shows have all but ignored President Obama's Saturday letter to congressional leaders asking for $50 billion in additional spending to prevent the "massive layoffs of teachers, police, and firefighters." Only Sunday's Good Morning America on ABC has covered the President's request so far.The chief executive's June 12 letter to Speaker Nancy Pelosi, Senate…

In a PBS interview June 2, Vice President Joseph Biden predicted 700,000 to 1.4 million jobs would be created by the end of 2010. But at most, that would still be more than 5.2 million jobs shy of matching President Obama's claims about economic stimulus. Biden forecast job creation "between 100,000 and 200,000 jobs on average all the way through this year" in an interview with Charlie…