Wall Street Journal

Here's a teachable moment: Bad things can happen when the government intervenes in the economy, which Fox Business Network host Cody Willard pointed out on his "Shot Clock" segment on "Happy Hour." Willard, on FBN's May 4 "Happy Hour" used part of his segment to call for the jailing of the New York Fed's chairman, Stephen Friedman. "New York Fed [Chairman] Stephen Friedman - this guy belongs…

From Editor & Publisher yesterday (bold is mine):The Audit Bureau of Circulations released this morning the spring figures for the six months ending March 31, 2009, showing that the largest metros continue to shed daily and Sunday circulation -- now at a record rate.According to ABC, for 395 newspapers reporting this spring, daily circulation fell 7% to 34,439,713 copies, compared with the…

In a report this morning  on the situation off the coast on Somalia, Associated Press reporters Elizabeth A. Kennedy and Paul Jelinek seemed oddly sympathetic to the cause of the terrorists in training the world insists on calling "pirates," almost to the point of grudging admiration. Check out some of the words the AP pair used in their 9:15 a.m. dispatch (saved at host for fair use and…

Will There Be a Corresponding Media Call to Pitchforks?Please don't halt respiratory activity in the waiting. Freddie Mac and Fannie Mae are two public-private partnerships known as Government Sponsored Entities (GSEs).  Wherein the executive staff, populated with woefully unqualified, egregiously overpaid political crony appointees, get to play housing market roulette with the House's (read: OUR…

Disgraced former New York Governor Eliot Spitzer clearly sees the current AIG bonus controversy as an opportunity to redeem his reputation. The Associated Press's Michael Hill provided rehabilitation assistance in his Friday report. Spitzer is best remembered for resigning as the Empire State's chief executive after being caught patronizing high-priced prostitutes over a period of several years,…

The Seattle Times compiles what it calls "The Favor Factory," which it calls "A database of lawmakers, earmarks, and campaign giving." One noteworthy congressman in the Favor Factory is Rep. Jim Moran (D-VA; picture at right is currently at his home page). Moran's Favors Factory page for 2008 lists 29 earmarks totaling $40.6 million, and over $890,000 in capaign contributions from earmark…

There seems to be a wall of silence surrounding the sudden withdrawal of H. Rodgin Cohen (pictured at right) from consideration for the Number 2 job at the Treasury Department. The party line, according to ABC's This Week host and former Clinton administration adviser George Stephanopoulos, is that "an issue arose in the final stages of the vetting process." David Cho at the Washington Post…

A consistent media meme since Election Day has been that Barack Obama was inheriting a recession that some believe began as far back as December 2007. Since then, despite various rescue plans from his Administration, and the passage of a $787 billion stimulus package, the stock market has continued to plummet while employers shed payrolls in a fashion rarely seen in history.This all raises an…

A month ago, I noted a comment by Chicago Sun-Times writer Carol Marin who was mildly complaining that President Obama never goes before the press without having a list of pre-approved journalists upon whom he'll call during a press conference. She offhandedly quipped that in the press corps, "most of us don't even bother raising our hands any more to ask questions because Obama always has before…

Conservative talk radio host Rush Limbaugh wrote an op-ed in Thursday's Wall Street Journal wherein he offered a bipartisan stimulus plan to get the economy going.As not one Republican voted for President Obama's economic package in the House Wednesday despite his campaign promises to usher in a new era of bipartisanship, given the media's focus on Limbaugh of late one would expect his now-…

Ronald Reagan once said:Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.  Is there no finer example of this concept than our government's hundred year relationship with the American auto industry?Before you answer, consider the following Wall Street Journal editorial published…

It's hardly a secret that Chicago public schools chief executive Arne Duncan was the architect behind a failed plan to open a "gay-friendly" high school in the Windy City. But for some reason Washington Post staffer Maria Glod decided to keep that skeleton in the closet, leaving the fact out completely from her page A3 December 17 story, "Education Pick Is Called 'Down-to-Earth' Leader."Glod set…