Business Coverage

Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar. Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (…

We're just going to have to get used the fact that we're long past the point where we should expect dignity and stick-to-the-facts restraint from this White House. Going after its critics is something the previous Bush 43 administration should have done more, but on the rare occasions when it did, it conducted itself and framed its language appropriately. Such is clearly not the case with the…

Remember the Cash for Clunkers (CARS) program the network media liked so much? Well, according to analysis from Edmunds.com the government spent $24,000 per car when you subtract cars that would have been sold even without the program. CNNMoney.com reported Oct. 29 that only 125,000 vehicles sold under the program (out of 690,000) "would not have been sold anyway," according to Edmunds. The…

Ever since long-time radio talker Don Imus inked a deal with the Fox Business Network to simulcast his morning radio program, he said he has been getting pushback from several acquaintances. And as he explained and showed on his Oct. 28 program, he's not particularly pleased with the reaction about his deal with Fox News. "I get this email and the e-mail says, ‘Sorry to see you've sold out to…

Every time the White House has a new enemy, left-wing Web-based media outlets take up the cause to defend the Obama administration. Earlier this year when CNBC personalities criticized the Obama administration, the Huffington Post and other components of the left-wing noise machine watched every word said on the financial network - an effort that has since petered out. The Huffington Post also…

Let's say, hypothetically, someone was to make a disparaging statement about Fox News and conclude as a news outlet it is way outside of mainstream political thought. Well, then the follow-up appropriate question could be where does that put Fox News' competitors who get just a fraction of the cable news juggernaut's ratings? Michael Wolff, a contributing editor and columnist Vanity Fair and…

"Good Morning America" is at it again. The ABC program waged another battle against food companies Oct. 26 by focusing on an "eye-popping report" about cereal marketed to children. Dan Harris introduced the segment saying, "This really is a scathing report. Not only does it accuse the food companies of pushing the least nutritious cereals to kids, but it also says the companies' promises to…

It would appear that the Apparatchik Press -- er, the Associated Press -- thinks that part of its job is to soften the impact of embarrassing admissions made by Obama administration members. Take the wire service's Thursday afternoon AP report by Jim Kuhnhenn on Council of Economic Advisers' chair Christine Romer's observations about the stimulus package. Romer said (in AP's words) that "the…

Big shock here - MSNBC's Rachel Maddow agrees with the White House, which is the Fox News Channel is not really a news organization. Sarcasm aside, on her Oct. 23 MSNBC program, Maddow attempted to justify the Obama administration's tack over recent months with Fox News. She laid out a series of events over the past few days that indicated an escalation of the feud between Fox News and the White…

If MSNBC is the "place for liberal politics," CNN is the place for latent America bashing, especially its corporations. On his Oct. 22 CNN program, Rick Sanchez wore his American guilt like a badge of honor and said he wasn't going to stand for America to look bad because of what a corporation had been accused of doing, in this case Chevron (NYSE:CVX), whether they did it or not. "We do a lot…

As I pointed out Monday night (at NewsBusters; at BizzyBlog), Associated Press reporter Martin Crutsinger, in his Saturday morning report on the federal government's full-year fiscal results, conveniently "forgot" about a major accounting change that enabled President Obama's Treasury Department to report a final "deficit" of "only" $1.417 trillion. That's hundreds of billion of dollars lower…

MSNBC's David Shuster declared yesterday's fake Chamber of Commerce presser at the National Press Club the "Best prank of [the] week" on his Twitter page shortly before 5:30 p.m. EDT today. He added a link taking readers to the left-leaning blog Talking Points Memo.A group of liberal environmentalist activists punked some journalists by throwing a press conference claiming to represent the…

After conservative talk show host Rush Limbaugh was forced out of a consortium seeking to buy the National Football League's St. Louis Rams, there's evidence there is a double standard at play in the NFL. Last week, NFL Commissioner Roger Goodell said that people in "responsible positions" in his league are held to a "higher standard," reacting to the notion that Limbaugh could be a part-owner…

Lately there's has been an anti-Wall Street sentiment, propagated by the media that has become exacerbated as the Dow Jones Industrial Average (DJIA) hit 10,000 Oct. 14. On CNBC's Oct. 15 "Street Signs," Jim Cramer, host of "Mad Money," was asked by fill-in host Melissa Francis what he thought about the outrage over Wall Street hitting its stride, while unemployment continues to rise. "What did…