Taxes

Appearing on the Monday edition of Comedy Central’s "Colbert Report," PBS host Jim Lehrer dismissed any hint of a liberal agenda, declaring himself "bias-free." The "NewsHour" anchor also indicated that the real problem is the distorted viewers, not slanted reporting: Stephen Colbert: "Now, um, do you believe that you have a liberal bias?"Jim Lehrer: "I know I do not have a liberal bias." Colbert…

According to CNN’s Bill Schneider, Americans, hungry for change, have no problem with tax increasing Democrats. During Tuesday’s "Situation Room," the veteran reporter described a new poll that, according to him, demonstrated the confidence Americans have for the new Democratic majority. In the segment, he dismissed one of President Bush’s warnings this way: Bill Schneider: "Despite President…

I looked around when I heard someone crying, and there was Pollyanna bawling her eyes out. That's how depressing was the one-two punch of pessimism in Paul Krugman's and Bob Herbert's New York Times pay-to-peruse columns of today.Just in time for the elections, the pair paint a picture of America so dreary you half-expected the Google logarithm to place Prozac ads on the page. Krugman tries to…

The New Republic’s senior editor Jonathan Chait wrote an interesting op-ed on Sunday determined to prove that President Bush’s tax cuts in 2001 and 2003 haven’t resulted in increased tax revenues (hat tip to Dave Pierre), while also attempting to make the case that tax hikes are better fiscal policy. The article’s title was “Bush’s Silly Budget Logic,” which is quite apropos given the fuzzy math…

Those of us that study the economy and how it is reported by the drive-by media are constantly amazed by how those covering financial issues continually misrepresent statistics to advance their agenda. No finer recent example has occurred than on “The Chris Matthews Show” Sunday when the host bemoaned new highs set by the Dow Jones Industrial Average last week as not accurately reflecting what is…