On September 15th, 2008, the Dow Jones plummeted by 504 points as the bankruptcy of Lehman Brothers triggered the implosion of Wall Street. And on that day a year ago, Republican presidential candidate John McCain declared the "fundamentals of our economy are strong." But while Ben Bernanke today declared the Bush recession "very likely over" […]
Category: Economy
Back in April, the Daily Show's Jon Stewart offered some sound advice for frothing at the mouth Tea Baggers, "I think you might be confusing tyranny with losing." Now five months after their Tax Day outburst, thousands of vein-popping Obama opponents descended Saturday on Washington for Tea Party II. But while Glenn Beck's furious followers […]
While the Wall Street Journal editorial page can always be counted on to cheerlead the flat-earth economics of the Republican Party, on occasion the paper's reporters contradict GOP orthodoxy. And so it is today on the subject of the Obama stimulus package. Just one day after Eric Cantor (R-VA) followed the lead of John Boehner […]
The Mayo Clinic, the world famous institution cited by all sides in the contentious health care debate, defines schizophrenia as a serious brain disorder "in which reality is interpreted abnormally" resulting in "hallucinations, delusions, and disordered thinking and behavior." Apparently, that affliction is now running rampant among supporters of the Republican Party. As recent polling […]
Back in January, New York Times columnist Paul Krugman presciently warned President Obama about the GOP's bad faith in negotiating the stimulus bill, announcing, "Look, Republicans are not going to come on board." Now Krugman's paper is reporting the White House may finally be learning its lesson and planning to "go it alone" on health […]
Moments after the House passed a $2 billion extension to the wildly popular "cash for clunkers" program, John McCain in a double-irony announced he would oppose the bill in the Senate. Ironic, it turns out, not merely because the Arizona Senator has 13 cars and so could benefit even as he personally stimulates the economy […]
Just 48 hours after Liz Cheney blasted Barack Obama as "a president who is reluctant to defend the nation overseas," two new polls revealed his success in rapidly augmenting American "soft power" worldwide. A Pew survey of two dozen nations found that "positive opinions about the United States have returned to higher levels not seen […]
To Disraeli's famous line that "there are three kinds of lies: lies, damn lies and statistics," you can add a fourth: USA Today. In an article suggestively titled, "Billions in aid go to areas that backed Obama in '08," the paper implied the White House steered stimulus funds to counties that voted for the President. […]
Last month, I examined how Liz Sidoti, Ron Fournier and other of the Republican bath water drinkers at the Associated Press present conservative opinion pieces to readers using headlines which wrongly begin with the word, "Analysis." Now in an another broadside deceptively titled "Fact Check," the AP pins blame for the federal budget deficit on […]
Back in March, ABC News was forced to update its jaw-droppingly shoddy reporting on the impact of President Obama's proposal to restore upper-income tax rates to their Clinton-era levels. Now in a piece titled, "Small Businesses Brace for Tax Battle," the Washington Post too is fanning the flames of hysteria over supposedly draconian new tax […]

