Wages & Prices

To paraphrase the estimable Yogi Berra - it’s like deja vu all over, and over, and over, and over again. The Jurassic Press media is enraptured with a certain story.

Just before Thanksgiving, the leftist think tank Demos issued a report by its own Catherine Ruetschlin advocating a $12 an hour minimum wage (stated as $25,000 per year by her) for those who work full-time in retail. What's interesting about Ruetschlin's suggestion is that there is a retailer out there which is actually doing that and more -- and it's not Costco, which "pays starting…

On Monday's CBS This Morning, Cheesecake Factory CEO David Overton spotlighted the looming economic impact of Obamacare's implementation, especially on small enterprises: "For those businesses that don't cover their employees, they'll be in for a very expensive situation." Overton also warned that the cost of the law would be passed on to customers. Anchor Norah O'Donnell raised the issue of…

Tonight's fun facts relate to the strike by the group a Reuters report describes as "500 clerical workers at the ports, members of the relatively small Office of Clerical Union Workers" at the ports of Los Angeles and Long Beach. The strikers' picket lines have been honored by "some 10,000 members of the International Longshore and Warehouse Union." These fun facts are rarely mentioned, but…

Deck the halls! The Obamas were Christmas shopping on "Small Business Saturday," and spurring economic growth with their consumer spending.  Economic activity that may come to an abrupt end if we take the plunge off the fiscal cliff. CBSNews.com reporter Lindsey Boerma wrote on November 24 about the outing detailing how, “accompanied by his daughters Sasha and Malia, the president journeyed…

The third page of an unbylined report with an early Saturday time stamp credited to "USA Today" carried at the Jackson, Mississippi Clarion Ledger (like USAT, a Gannett Company) claimed that "Walmart heiress Alice Walton expressed solidarity with Walmart's striking workers." Putting aside whether or not an action taken by what the company estimated may have been fifty associates is a "strike…

Nuns on the Bus tour leader Sister Simone Campbell appeared on MSNBC's The Cycle on Thursday afternoon to discuss her ministry, which predictably led to her left-wing agenda becoming the focal point of the conversation. The only host to take issue with her talking points was token conservative S.E. Cupp, who was armed with facts and figures that the good sister could not rebut except by…

CNBC’s Jim Cramer predicted a possible recession by Christmas if lawmakers didn’t step up and make some sort of deal in regards to the looming fiscal cliff. His prediction came during an Nov. 11 appearance on NBC’s “Meet the Press.” “We can gift wrap a recession by Christmas. We can set it right into place without some agreement,” Cramer told “Meet the Press” host David Gregory. He attributed…

One of the negative features of the current economic recovery has been declining incomes of average Americans. This trend continued in October.

From the Department of Damned if You Do, Damned If You Don't . . . The MSM delighted in raking Mitt Romney over its coals [solar cells?] for his 47% remarks.  So how do they react when Romney issues an ad saying that whereas both he and President Obama care about the poor, his plans will actually help them?  With scorn, of course. Check out the headline from today's Morning Score at…

CNBC's Joe Kernen on Monday called New York Times columnist Paul Krugman a communist. Kernen expressed the same sentiments for economist and Huffington Post contributor Dean Baker (video follows with transcript and commentary):

On Tuesday night, Democrats showcased Lilly Ledbetter as she attacked the Republican Party in general and GOP presidential nominee as out-of-touch with women and not committed to closing the so-called gender wage gap. It seems the partisan Ledbetter ignored or is blissfully unaware that female Democratic senators are egregious offenders when it comes to equal pay for their office staff. Will…

Apparently CNN considers the stating of cold, hard economic realities to be risky partisanship now. Take the case of  Papa John’s CEO John Schnatter claiming that ObamaCare will increase costs for his company.   Papa John's is not the first company to claim Obamacare will raise its costs, but it is the first to be viciously attacked by CNN.  [Video follows page break;  MP3 audio here.]

The Jurassic Press was in full-throated ObamaChorus mode in reporting on General Motors (GM)’s allegedly strong June sales. Very few failed to receive the sheet music.