Unemployment

Charles Krauthammer was less than pleased with Barack Obama's speech Wednesday concerning his plan to bring down the nation's staggering budget deficit. As the panel segment of Fox's "Special Report" began, Krauthammer said, "I thought it was a disgrace. I thought I’ve rarely heard a speech by a president so shallow, so hyper-partisan, and so intellectually dishonest, outside the last couple…

When Democrat presidential candidate Walter Mondale announced in his October 1984 debate with former President Reagan that he would raise taxes if elected, his  campaign was over, and he ended up losing one of the biggest election routs in American history. As Barack Obama prepares to offer the nation his deficit reduction plan Wednesday, it is widely believed he is going to recommend tax…

MSNBC's Ed Schultz began his show Monday talking about all the jobs President Obama has created since he took office. Unfortunately, as he made the case about how terrible the Bush years were by comparison, the "Ed Show" host wrongly informed his viewers that Democrats took over in January 2009 (video follows with transcript and commentary):

On the same day a new poll found only 37 percent of liberals strongly approve of Barack Obama's performance as president, the New York Times's Paul Krugman bashed America's chief executive for being missing in action. "What have they done with President Obama?" asked the Nobel Laureate. "Who is this bland, timid guy who doesn’t seem to stand for anything in particular":

Previewing the network’s “Black Agenda” special, MSNBC anchor Andrea Mitchell dragged out one of the most liberal members of Congress on April 7 to demagogue Republican budget cuts as harmful to poor minority groups. Rep. Barbara Lee (D-Calif.) turned what was supposed to be a conversation about the consequences of a government shutdown, which most members on both sides of the aisle want to…

First, let me make something clear. One thing I learned in my first job as a dishwasher back in the Mesozoic Era is that all work conscientiously done can be noble. I don't criticize McDonald's for wanting to grow their business and the businesses of their franchisees, and I surely won't criticize anyone for taking a fast-food job to put food on the table or to gain an employment foothold.…

Michael Powell’s New York Times story on the latest job figures made the lead slot in Saturday’s Times, with a headline portraying a revitalized Obama and a defensive G.O.P. “U.S. Posts A Gain Of 216,000 Jobs, A Lift For Obama -- Private Sector On Rise -- As Jobless Rate Falls to 8.8%, White House Warns G.O.P.” One might not think an 8.8% unemployment rate would be cause for swagger and…

Veronique de Rugy is an economist you should get to know, for she is doing fabulous work at George Mason's Mercatus Center. On Friday, she appeared on Bloomberg TV to debunk some myths about debt and deficits while publishing an accompanying must-read piece at Reason (video follows):

New York Times columnist Paul Krugman was in his predictable defend Obama at all costs mode on Sunday's "This Week." When former Bush administration official Torie Clarke said unemployment remains high because the private sector is concerned about future regulations, the Nobel Laureate scoffed, "All of this stuff about uncertainty is just a myth being made up to blame this on Obama" (video…

The media are hard at work spinning today's jobs report for maximum political advantage for the White House. Witness Los Angeles Times reporter James Oliphant, who has filed an article for publication in tomorrow's paper entitled, "Drop in unemployment doesn't mesh with Republicans' script." Here's how Oliphant opened his April 2 story:

Former Clinton Labor Secretary Robert Reich, in a column appearing at Business Insider, says that we're heading in the direction of a "double-dip" -- and though he doesn't follow it with the word "recession," it's obvious he's not talking about an ice-cream cone. It's also obvious that he's less than pleased with the media spin that things are really okay. Along the way, Reich had to go back…

It was good economic news on CNN's Newsroom this morning. After a brief mention of radiation in Japan, anchor Carol Costello reported: Brand new numbers out of the Labor Department this morning. It turns out jobless claims plummeted last week. Down 6,000 to 388,000. I'm not certain what dictionary CNN news readers use, but "plummet" wouldn't seem to be the right verb.  Merriam-Webster's…

UPDATE, April 1: Joshua Shapiro, who is "quoted" in the AP article covered in this post, has emailed me and informed me of the following --  Christopher Rugaber did not speak with him, but instead used text from "a written note that I (Shapiro) produced after the jobless claims report was released." Shapiro is unhappy at my making it appear that he is fooled by establishment press…

More New York Times' s crusading against state spending cuts in Tuesday's edition. Reporter Michael Cooper’s “Michigan, With Persistent Unemployment, Cuts Jobless Benefit by Six Weeks” raised quite a grand commotion out of a small cut in Michigan’s unemployment benefit plan: The state will now pay only 20 weeks of benefits to the jobless, instead of the standard 26 weeks (and even those come…