Unemployment

The most important thing to keep in mind while reading this Boston Globe article, is that it would never have been written six months ago. Why? Because at that time the "evil" Republicans controlled the White House and unemployment would have been portrayed as grim. However, now that Barack Obama is in the Oval office, rising unemployment is being presented almost lovingly as you can see in the…

Will wonders ever cease? First, a NBC network airs its Chicago Mercantile Exchange floor reporter making a call to action against all the populism that has inundated the political dialogue over the past six months. Now, the same reporter, Rick Santelli, has been invited by White House Press Secretary Robert Gibbs to the White House. On CNBC's "Street Signs" Feb. 20, Santelli told viewers he…

ABC's World News on Tuesday night celebrated President Obama's signature on the 'stimulus' package by devoting a full story to how mayors will supposedly use their portion to create 1.6 million jobs. Fill-in anchor Diane Sawyer recited “the wish list” of “nearly 19,000 infrastructure projects -- roads, bridges, mass transit -- costing some $150 billion” and “the mayors argue that the projects are…

Sigh. Here we go again. First it was our capitalist society deemed gone as Newsweek magazine declared, "We're socialists now." This time - it's the death of supply-side economics, according to Newsweek Senior Editor Daniel Gross. To sum it up, Gross declared tax cuts obsolete, a theory that only works on paper, in a time when employers come and go and institutions aren't stable like they once…

Everything is wonderful and peachy-keen in Obamaland if you rely on the reporting on the front page of The New York Times. Just ask CNBC's Jim Cramer. On his Feb. 12 program the "Mad Money" host dealt with the $789 billion stimulus package. "Now if you were to believe what's in the papers, holy cow - except for the funny papers - you would think this package was wonderful," Cramer said he said…

Many folks realize that the Obama stimulus plan is little more than a list of long-held liberal dreams tossed together in hopes a scared American public will demand its immediate approval.  Over at CNN, they've bought into the politics of fear and are openly cheering for the bill making its way through Congress.  On yesterday's CNN Newsroom anchor Tony Harris spoke with CNN senior congressional…

How could anyone take a principled stand against the $789 billion economic stimulus bill? Any opposition to this massive expansion of the federal government must be sheer political posturing. Or so said Newsweek magazine's Jonathan Alter. Alter said on MSNBC's Feb. 11 "Countdown with Keith Olbermann" that congressional Republicans oppose the stimulus bill based on an ill-conceived, low-…

During the opening of Friday’s CBS Evening News, anchor Katie Couric teased upcoming coverage of the so-called "stimulus" bill being debated in Congress: "Tonight, 13 jobs a minute disappearing...Senate moderates race to trim the stimulus package to a passable size." An image of a ticking clock appeared on screen as Couric spoke. A clip was also played of Barack Obama exclaiming: "These numbers…

ABC's George Stephanopoulos was puzzled on Sunday's This Week when new Republican National Committee Chairman Michael Steele saw a difference between government-created temporary “make work” jobs and jobs created by the private sector: “I guess I don't really understand that distinction.” When Steele charged that “what this administration is talking about is making work,” Stephanopoulos…

Say goodbye to hope and change. It's time to embrace the politics of doom and gloom. MSNBC host Contessa Brewer, in an interview that seemed a lot like a lobbying campaign for the stimulus set for a vote in the U.S. Senate, quizzed Sen. John Barrasso, R-Wyo., about the possibility that his vote against a stimulus bill could send the country spiraling into a Depression - and endanger the public's…

Have you ever wondered how the geniuses who report business news know why the stock market opens or closes up or down on any given day -- especially when they venture into political explanations? I received this e-mail from CNN just after the markets opened: Gosh, those e-mail drafters at CNN are smart. Who knew that the markets want the stimulus package so bad? Can't you hear, senators? The…

If former President George W. Bush said 500 million Americans are losing their jobs each month, do you think media would report it?Probably every hour on the hour until all 300 million Americans had heard about it, right?Well, during a press conference on an undetermined date, House Speaker Nancy Pelosi (D-Cali.) -- you know, the second in line for presidential succession right behind the vice…

Conservatives, including the Business & Media Institute, have criticized President Barack Obama's mathematics and language regarding job creation. CNN's Ed Henry brought up that same criticism on Feb. 2 during "Anderson Cooper 360°.""[T]here are now questions about how many jobs Mr. Obama is promising to create," Ed Henry told viewers of the broadcast. Henry used three separate video clips of…

Don't like the notion of Wall Street employees receiving bonuses? Shoot the messenger - as Adam Green at The Huffington Post has done. In a Feb. 2 post on The Huffington Post, Green said it was bad form for CNBC "Street Signs" host Erin Burnett to even think about considering the other side of the anti-Wall Street bonus argument, since some Wall Street banks received TARP funds, courtesy of the…