Goldman Drops Fri. Evening 'Bomb,' Projecting Unemployment at 8.75% at
Per Reuters blogger James Pethokoukis, Goldman Sachs, demonstrating Democratic-friendly timing similar to that seen at the New York Times a month or so ago, published an extraordinarily gloomy economic forecast last night.
Here are some of the details he quotes:
"Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of…
CBS's Idea of Average Minnesotans on Shutdown: Two State Employees and
[Update, 11:10 am Monday July 18: Jenn Theis was identified on-screen by CBS as a "laid-off government worker." She wrote us to clarify that she was actually employed by a private business that is regulated by the Minnesota racing commission. Another guest from that segment, Chris Lapakko, wrote the author on Twitter on Saturday to call him a "dick;" see screen cap here.]
CBS turned to three…
MSNBC’s Alter: No Jobs from Bush’s ‘Massive Tax Cuts,’ Tea Par
On Wednesday’s The Ed Show, MSNBC analyst and Bloomberg View columnist Jonathan Alter claimed that the "massive tax cuts" of the Bush administration did not create jobs, and went on to credit former President Clinton for the low unemployment rate that existed during the Bush years. He ended up lecturing fellow panel member Judson Phillips of Tea Party Nation that Tea Party activists would…
Matthews: 'Failure to Act on Debt Ceiling Will Create a Horror for Our
Chris Matthews on Wednesday gave a lesson on utterly shameless fear-mongering.
In the final segment of MSNBC's "Hardball," the host said, "Failure to act on the debt ceiling will create a horror for our country, a horror we’ve never seen before" (video follows with transcript and commentary):
Saving the Economy Through More Jobless Benefits, Food Stamps, at the
Monday’s New York Times front-page story by Motoko Rich, “Economy Faces a Jolt as Benefit Checks Run Out,” portrayed massive government spending on unemployment benefits and food stamps as an economic plus, not a potential drain, warning that cutting that funding would be a drag on the fragile recovery.
An extraordinary amount of personal income is coming directly from the government.
Martin Bashir Falsely Accuses Palin of Calling Obama a 'Sugar Daddy
Martin Bashir Monday falsely accused former Alaska governor Sarah Palin of calling President Obama a sugar daddy.
Not only did the MSNBC host badly misinterpret Palin's words, he clearly doesn't understand what a sugar daddy is (video follows with transcript and commentary):
The Crucial Question David Gregory and Bob Schieffer Didn't Ask Timoth
Treasury Secretary Timothy Geithner was the featured guest on both CBS's "Face the Nation" and NBC's "Meet the Press" Sunday.
For some reason, hosts Bob Schieffer and David Gregory didn't ask the most important question every person in the world currently following the debt ceiling is dying to know the answer to:
Ann Coulter Tells MSNBC Contributor His Government Worker Mom 'Is A Dr
You knew when you saw conservative author Ann Coulter was pitted against far-left MSNBC contributor and Nation magazine editor Christopher Hayes on HBO's "Real Time" sparks were going to fly.
Such occurred when Hayes told the panel that his mother works for the government prompting Coulter to respond, "She is a drain on society" (video follows with transcript and commentary):
AP: Economists, Analysts, and Experts Are 'Baffled,' 'Confounded' By J
If we are believe two late Friday afternoon dispatches from the Associated Press following the government's awful Employment Situation report earlier in the day, you would think that even a cadre of cops with the talent of Sherlock Holmes couldn't solve the mystery of the underperforming job market.
Economics Writers Christopher Rugaber and Paul Wiseman went with themes of "baffled economists…
CNBC Calls It 'Lousy:' June Jobs Rise Only 18,000, Unemployment Rate U
A senior political adviser to the Obama administration said on July 6 that in 2012, people won't be voting based on the unemployment rate, according to The Hill newspaper.
Of course, adviser David Plouffe said that two days before the June jobs report was released. Ahead of the jobs report, economists anticipated 100,000 or 125,000 jobs to have been added that month. Truth be told, on July 8…
WaPo's Robinson: Solve Deficit With Tax Hikes, Defense Cuts and Univer
Eugene Robinson's column in Thursday's Washington Post should have been placed in that paper's funnies section rather than the opinion page.
His solution to our nation's deficit would be laughable if it wasn't so gosh darned scary:
White House Uses Progressive Media Director to Bully Conservatives on
Friday afternoon, the White House quietly released its annual report to Congress on White House staff salaries. Among the employees is the infamous director of progressive media and online response, Jesse Lee, who is paid $72,500 a year to provide White House sanctioned responses to any negative press it receives.
The position, which was previously part of the privately-funded DNC's rapid…
Open Thread: Obama's Twitter Town Hall
In another effort to engage the online community once bubbling with support for President Barack Obama, Obama will participate in a Twitter town hall today at 2 pm EDT to answer questions on jobs and the economy posed by Twitter users with the hashtag #askobama.
The questions Obama answers will be handpicked by Twitter staffers and pre-selected Twitter users, who will be tracking the…
On the Economy's Condition As Worse Than When Obama's Term Began, Mitt
On Friday, at its Political Hotsheet, Corbett B. Daly at CBS News, who joined the network in late May after leaving Reuters, appeared to virtually celebrate what he believes was the latest of Mitt Romney's flip-flops.
Though it's clear that Mr. Romney has flip-flopped in the past on a number of matters, it's hard to see how Daly or any of the other flip-flop scorekeepers has a case -- at…
