Bloomberg

In recent days, New York Mayor Mike Bloomberg has become a beloved press figure as a result of his unshaking support for the Ground Zero mosque.Isn't it fascinating how in this environment where rich people are being demonized at every turn all you need to do is a support a popular liberal cause and your financial sins are instantly forgiven? With this in mind, the good folks at Big Journalism…

File the news in this report filed late yesterday afternoon by Michael Calderone and John Cook at Yahoo's Upshot Blog under "D" for Double Standards: White House reporters mum on Obama lunch, even as papers back transparency White House reporters are keeping quiet about an off-the-record lunch today with President Obama — even those at news organizations who've advocated in the past for the…

Wednesday evening, Brent Baker at NewsBusters noted that two of the Big Three television networks failed to tag Dan Rostenkowsi, the former long-time congressman from Chicago who was ousted from his seat in 1994 over corruption charges and ended doing prison time, as a Democrat. Rostenkowski (RIP), who was 82, died yesterday. At the five major wire services whose reports I reviewed -- The…

CNN's Rick Sanchez again hinted that Fox News wasn't a legitimate news organization during his Rick's List program on Monday. When colleague Ed Henry mentioned that several news outlets were petitioning for a front-row seat at White House press briefings, Sanchez replied, "I understand the Associated Press. I even understand Bloomberg, but don't have you to be a news organization to get that seat…

CNBC.com's Jeff Cox needs to brush up on his financial history. He believes that George W. Bush's 2001 and 2003 tax cuts affected only the highest-earning taxpayers, i.e., those who gross $250,000 a year of more. He's wrong. Here's part of what Cox posted this morning (erroneous statement is bolded; HT to Mark Levin in his Thursday broadcast): Letting Bush Tax Cuts Die Would Kill Recovery:…

This is almost too obvious. Many readers may already be familiar with recent exposure of the treasury plunderers disguised as public officials serving up hefty salaries to themselves while allegedly serving their constituents in the LA suburb of Bell, California. Here's some of the latest from the Associated Press, carried at the Los Angeles Times, which broke the original story, for those who…

On Thursday, a new unemployment bill died in Congress as Senator Ben Nelson (D-Neb.) joined Republicans on the grounds that government spending can't go on forever. Instead of reporting both sides, the media couldn't seem to hide their anger. The bill was called a "jobless aid" package that "governors were counting on" to help "the poor" across the nation. Almost all news reports began from the…

It doesn't seem like this exercise should be that tough. The government issues Daily Treasury Statements telling everybody what went in and out on a given business day. At the end of the month, the last Daily Treasury Statement has a record (admittedly jumbled and larded with lots of bureaucratic excess) of all receipts and disbursements for the month. The folks at the Congressional Budget…

Former Time White House correspondent (and Carter administration appointee) Margaret Carlson really wants RNC chairman Michael Steele fired. In her Bloomberg News column on Wednesday, she badly exaggerated: "In the world of fundraising scandals, this one makes former Vice President Al Gore’s visit to a Buddhist temple look as quaint as tea at Buckingham Palace."Earth to Margaret: the wayward RNC…

Imagine the audacity of wanting to dispose of your own money as you see fit? The idea is hateful to Bill Scher of the Huffington Post, who demanded in "Super Wealthy Deathly Afraid Estate Tax Would Reduce Deficit" on March 9 that the wealthy "pay their fair share." Scher railed against the Bush tax cuts, and asserted that a 35-45 percent inheritance penalty (the estate tax or death tax) isn't…

Bloomberg News managed to pen a full obituary of the late Congressman Jack Murtha today, calling him a "Supporter of Troops" in the headline, without once mentioning his incendiary--and unfounded--claims that a group of Marines had murdered 24 Iraqis in cold blood (h/t Washington Examiner's Mark Hemingway).Murtha, himself a former Marine, said in 2005 after two dozen Iraqis were killed in the…

Four recent stories out of Venezuela each give readers brief glimpses at how Hugo Chavez's brand of authoritarian socialism is critically wounding what could be a resource-rich, financially prosperous country: January 9, Associated Press -- "Venezuela weakens currency for 1st time in 5 years." January 10, Bloomberg -- "Chavez Says He’ll Seize Businesses That Raise Prices." December 22, AFP…

At this point, there should be little doubt that there is a concerted attempt underway to use the war in Afghanistan as a justification for punitively taxing high earners. Last weekend (noted at NewsBusters; at BizzyBlog), the New York Times discovered that wars cost money. It cited Wisconsin Democratic Congressman David Obey's concern that funding the Afghanistan effort at the level requested…