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Nobel Prize-winning NY Times columnist tells CNBC government should allocate 4 percent of GDP for 'stimulus.'

The election of Barack Obama was certainly historic, and the great attraction of that historic moment led to more history: an Obama-smitten news media that completely avoided their responsibility to test the nominee with hard questions. It made the gooey 1992 Clinton campaign look like a fistfight by comparison.Obama faced none of the withering scrutiny applied to even the Republican vice…

Mesirow Financial chief economist suggests creating artificial demand for expensive alternative fuels if oil prices drop too low.

Continuing the narrative of Barack Obama as John F. Kennedy, on Friday’s CBS Early Show, co-host Harry Smith described how: "As the nation prepares for President-Elect Barack Obama to move into the White House, many Americans can't help but draw similarities between him and the late President John F. Kennedy." Co-host Julie Chen earlier teased the segment: "The new first family has been compared…

Newspaper claims shutting down the same-sex weddings will deepen economic crisis, doesn't mention that 'huge' impact is less than three-tenths of a percent of the state's deficit.

Those blue meanies over in conservative talk radio, "progressive talker" Ed Schultz opined yesterday. There they go again, Schultz sighed, making a fuss for hardly any reason over possible reimposition of the so-called "Fairness Doctrine."Here's what Schultz had to say (click here for audio) -- It's been interesting and I have listened to it more in the last couple of days than I have in a long,…

"The government is doing what it can. They've learned the lessons of the 30s. And the lesson of the 30s was to put ideology aside and do whatever you can to bail it out," New York Times Chief Financial Correspondent Floyd Norris said in an Oct. 8 video on the publication's Web site entitled "Echoes from a Dismal Past." "I agree with you," economics reporter Louis Uchitelle said, also…

You might not be thrilled by the election of Barack Obama, but look on the bright side: it's made life a lot easier for Maya Angelou when she hangs out with her European friends.  Asked by Andrea Mitchell during MSNBC's 1 PM hour what was going through her mind as the results rolled in, the poet mentioned, among other things:I realized, almost within the minute, I don't have to apologize for my…

Reporters say federal intervention, bailouts were lesson of Great Depression.

CNN anchor Campbell Brown introduced a segment on Thursday’s Election Center program by contrasting the "[p]eople all over the world dancing in the streets" over the election of Barack Obama to the "really, really angry" reaction of conservatives, which she then labeled "right-wing rage." A graphic with the same label flashed on-screen, accompanied by a picture of Obama smiling. During the…

"Good Morning America" reporter Claire Shipman continued a time honored media bias tradition on Friday when she mislabeled Congressman Rahm Emanuel, Barack Obama's newly selected chief of staff, as "centrist." Emanuel, who was elected to Congress in 2002, has a lifetime American Conservative Union score of 13. In 2006, his rank was only four. In contrast, the House member's average from the…

Following a Thursday one-sided report by correspondent John Blackstone, on Friday’s CBS Early Show, co-host Maggie Rodriguez continued to lament the passage of California’s Proposition 8, defining marriage as only between a man and a woman: "On Tuesday, voters in California approved Proposition 8, a ban on gay marriage. It was a stunning defeat for gays and lesbians who are now fighting back."…

For years, NewsBusters and its parent the Media Research Center have euphemistically made the case that press outlets use smoke and mirrors to present the news they want viewers to see, hear, read, and, most importantly, believe.No finer example occurred than during CNN's Election Night coverage when three dimensional images of folks not actually on the set with Wolf Blitzer were presented to the…