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Imagine if the Romney campaign had shown the poor judgment to snare this slogan. The media would have had a field day with Wall Street’s wagering, turning the economy into a giant casino; with Bain Capital as a cabal of cold-hearted gamblers placing bets they win on either way, while victimized workers lose their jobs to downsizing and outsourcing.

One of the more difficult lessons to teach economics neophytes — and, many times, trained economists — is that economic theory cannot say anything definitive about subjective statements, such as what's better, good, bad or worse. Let's try a few examples to make the point. Cabernet sauvignon wine is better than fume blanc. Turkey is better than pork. Matter in the solid state is better than…

There are plenty of reasons that the economy is the most important issue of Election 2012. Unemployment has remained high for a long time, and even 27 percent of those who have a job are worried about losing it. Only half of homeowners now believe their home is worth more than what they still owe on it. Just 16 percent believe that today's children will be better off than their parents.

Democrats are at it again, claiming that Republicans, particularly House Republicans, are sabotaging the economy, while ignoring the quite effective job President Barack Obama has done to ruin the economy both on his own (regulatory and anti-fossil fuel hostility, wasteful green "investments," etc.) and with the help of Congressional Democrats when they controlled both Houses of Congress (…

Appearing as a panel member on Sunday's Face the Nation on CBS, Time magazine's Rana Foroohar - identified as assistant managing editor in charge of economics and business on Time's Web site - lamented that she was "sad" at how much taxes are being discussed as she asserted that "one thing that's not going to get us some kind of a growth boom is a tax cut," and then called for more government…

On Sunday's NBC Nightly News, CNBC chief Washington correspondent John Harwood warned that, unless the Romney campaign succeeds in changing the campaign subject away from Bain Capital, he could be "left out in the political wilderness pretty quickly" if both the Obama campaign and the media press Romney on the subject persistently. After host Lester Holt asked "why is the question of when"…

CNBC's Lawrence Kudlow on Sunday gave Fareed Zakaria a much-needed education on Barack Obama's energy policies. When the host of CNN's Fareed Zakaria GPS claimed the president deserved credit for the coming "shale revolution," Kudlow smartly replied, "He's giving none of the permits...He's a green energy guy. He's a Solyndra guy and he completely missed the boat on all of that stuff" (video…

As NewsBusters previously reported, CNN's Howard Kurtz was respectfully mentioned in last week's Tea Party-bashing episode of HBO's The Newsroom. On Sunday's Reliable Sources, despite having called Aaron Sorkin's new series a "crackup" and a "snooze," the host was quite pleased with having his reputation used to validate a program he had previously panned (video follows with transcript and…

"The only thing weaker than the economy is Mitt Romney's electoral skills." Such was actually said on CBS's Face the Nation Sunday by Rana Foroohar, Time magazine's assistant managing editor in charge of economics and business (video follows with transcript and commentary):

Bob Schieffer on CBS's Face the Nation Sunday seemed deeply embarrassed to be included in a new Mitt Romney ad bashing President Obama about Hope and Change. He even expressed concern that he might "get some blowback" as a result (video follows with transcript and commentary):

PBS and NPR both praised Vice President Biden's energetic NAACP speech in their Friday weekly roundups. PBS Washington Week host Gwen Ifill said "Joe Biden’s at the top of his game. I saw him jogging off the stage the other day...at the NAACP convention, and he seems to be perfectly fine." Alexis Simendinger of Real Clear Politics said he is "very engaging" and a "middle-class emblem" for Team…

The folks at CBS News sure are worried about government spending all of a sudden. After Evening News anchor Scott Pelley grieved Wednesday for how much it's cost to have all these House votes concerning ObamaCare, Face the Nation's Bob Schieffer pointed a similarly dismayed finger at House Republicans Sunday (video follows with transcript and commentary):

Anti-tax advocate Grover Norquist had himself quite a day on NBC's Meet the Press Sunday dispelling liberal media myths. In the course of about five minutes, Norquist gave a much-needed education to CNN political contributor Hilary Rosen and the Washington Post's Bob Woodward on which political party in Washington is obstructionist (video follows with transcript and commentary):

Joe Newby at Examiner. com noted that the media that loves gaffes that make Republican look dumb somehow goes missing in action when Obama goofs. At a speech in Roanoke on Friday night, as more than 20 people fainted or struggled in the heat, Obama blurted out "the paralegals" would be coming to help. Newby wrote, "A Google search at the time of this writing found that the gaffe has gone…