Stimulus

BMI's Julia A. Seymour appeared on today's Fox Business Live with Stuart Varney to discuss the discrepancy in media coverage of unemployment under Presidents Reagan and Obama. Author of BMI's latest study, "Networks Flip-Flop on Jobs," Seymour explained her findings: We looked specifically at seven months of coverage in 1982 and again in 2009 that had very similar periods of unemployment…

The progressive mindset is a curious one, as evidenced by New York Times columnist and Nobel Economics Prize recipient Paul Krugman. Krugman appeared on MSNBC's Sept. 23 "The Rachel Maddow Show" and lamented that the Obama Administration missed the opportunity the recent financial crisis offered to fundamentally change how the American economy operates. Host Rachel Maddow asked Krugman what the…

ABC’s Jonathan Karl on Friday attacked wasteful government spending of stimulus money, even going to the John Murtha Airport in Western Pennsylvania, which he derided as a "ghost town." Providing some refreshing journalistic skepticism about the Obama legislation, Karl described the airport as a "monument to powerful Democratic Congressman John Murtha." The House member’s portrait could be seen…

Good Morning America co-host Diane Sawyer on Tuesday conducted a surprisingly tough interview with Tim Geithner, grilling the Treasury Secretary on tax increases, spending and highlighting the 9/12 rally in Washington D.C. Speaking of the American people, she asserted, "They don't see a possible way out without tax raises." After Geithner tried to squirm out of responding, Sawyer, who will leave…

About a year ago, then-Senator and Democratic nominee Barack Obama managed to seize control of the issue of taxes from the Republican Party by promising lower taxes for "95 percent of Americans." But today it's a drastically different situation. Obama's $787-billion stimulus has been passed into law and the administration is taking on higher deficits, which will only increase if a Democrat…

If you rely only on the three major broadcast networks or one of the top major national papers as your news sources, the name "Van Jones" might prompt you to say,"Who?" But, while the media had difficulty reporting on Van Jones the embattled member of the Obama Administration, it had no such trouble covering Van Jones the anti-Iraq War protestor. Jones, who was President Barack Obama's so-…

It's clear that President Barack Obama's $787-billion stimulus hasn't worked as advertised, but some economists are worried it could backfire and cause something much worse. According to a new study by economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute and endorsed by Nobel laureate James Buchanan, the Keynesian tactics employed by Obama "will…

Give Sharon Silke Carty of USA Today credit for unearthing important information about the serious back-office problems with Uncle Sam's Car Allowance Rebate System (CARS) program, popularly known as "Cash for Clunkers." This is the program that ABC, CBS, and NBC have all characterized as "a victim of its own success." But Carty didn't do nearly as much as she could have with the information…

What is it about consequences that the liberal media and government simply cannot grasp? CNN "Newsroom" admitted Aug. 27 that new car prices are "expected" to go up as a result of the government Cash for Clunkers giveaway. Heidi Collins told viewers, "The success of the Cash for Clunkers program may be pushing new car prices higher. Dealerships are expected to have lower inventory over the…

Try to keep a straight face when you hear this: President Barack Obama isn't getting enough media love. That's the world view of MSNBC "Hardball" host Chris Matthews - at least when it comes to the economy. According to Matthews, there has been a plethora of positive economic news - from a stock market that has shrugged off the threat of bad liberal policy, i.e. cap-and-trade or ObamaCare, to…

On CNN's American Morning today, business correspondent Christine Romans explained to anchor Kiran Chetry why there are new estimates showing the Federal deficit to be much worse than originally projected by the Obama administration:ROMANS:  Why? OK, this is really -- it's a complicated problem with a very simple analysis. It's how much money the government is taking in and how much money is…

On Thursday’s CBS Evening News, correspondent Ben Tracy reported on the ending of the problem-ridden Cash for Clunkers car buying program, but spun it this way: "Thanks to Cash for Clunkers, what could have been a dismal summer for car sales now has a Hollywood ending....But now, the wildly successful program that provided up to $4500 per clunker is being scrapped."Tracy visited a Los Angeles…

Ben Bernanke's able use of monetary policy to steer the economy during the current financial crisis sometimes makes it easy to forget that Bernanke helped steer the ship into that crisis early in his term as Federal Reserve Chairman and a member of the Fed's Board of Governors. That's a point Strategic Forecasting (Stratfor) founder and CEO George Friedman made when asked the likelihood of…

Only $120.4 billion, or 15 percent of the gigantic $787-billion stimulus has been spent and some on the left, including Nobel Prize-winning economist and New York Times columnist Paul Krugman, are already calling for Stimulus, Part II. In an interview with CNBC Asia from the World Capital Market Symposium on the Aug. 10 broadcast of "Squawk Malaysia" Krugman said the stimulus that passed…