Wages & Prices

Two days before Democrats open the new Congress in the majority, CNN business reporter Ali Velshi echoed their liberal talking points on the minimum wage.See my story here. Liberal activists and Democratic spokesmen are quick to argue that the minimum wage is too low and unfair. But on the January 2 “American Morning,” that argument came from a CNN business reporter.While CNN’s Ali Velshi did…

A rather extraordinary conclusion was reached by members of the panel on Sunday’s “The Chris Matthews Show” – the economy is strong. What makes this so earth shattering? Well, because the host prior to the elections – which, by the way, were only about seven weeks ago – regularly talked about how badly the economy was doing, and didn’t challenge those espousing similarly bearish viewpoints. Yet,…

When Santa came to Wall Street this year, the media cried and pouted.     With the Dow Jones Industrial Average at an all-time high and commodities markets experiencing one of their best years in decades, Wall Street firms were feeling especially merry this year. The media responded as if they had seen Jacob Marley’s ghost.NBC’s John Seigenthaler gloomily downplayed Wall Streeters’ good fortunes…

Outsourcing and the Internet are helping "microbusiness" owners to thrive, USA Today reported in a recent edition. That’s funny. As Lou Dobbs would have us believe, outsourcing does nothing but turn middle class Americans into economic cannon fodder for major corporations."Competitiveness, productivity, and efficiency are nothing more than code words for 'cheaper labor,'" Dobbs…

Monday’s edition of "American Morning" featured a decidedly one sided segment that advocated for Democratic legislation, generously highlighted Ted Kennedy and promoted San Francisco as the wave of the future. Correspondent Alina Cho used the piece to boost a bill that would require employers with more than 15 workers to give seven sick days a year. Disparaging America’s primitive stance on the…

This was just too delicious for words…but I’ll try. As many of you are aware, most conservatives who study the economy and the markets view the New York Times’ Paul Krugman as being one of the most disingenuous pols on the landscape. Krugman has regularly been shown to flat out lie about economic data in his articles to prove his specious points, and was accused by the Times’ former ombudsman…

For the second time in less than two weeks, CNN has advised the Republican Party on how to succeed. During the Friday edition of "The Situation Room," reporter Bill Schneider informed the GOP that the way for them to recover from midterm losses is to imitate Governor Arnold Schwarzenegger and embrace liberal policies:

Mark Trumbull of The Christian Science Monitor has noticed something I mentioned last week, but had to try to get a dig in while doing it (bold is mine): American paychecks are rising again at a pace not seen since the 1990s. The pay increase amounts to 4 percent on average over the past 12 months, and it comes at a very helpful time for millions of households. For three years, pay increases…