National Debt

Whoever wrote the Associated Press's brief dispatch yesterday on the results of the government's auction of 10-year Treasury notes seemed to be stunned and on the defensive about its result. The item, entitled "Weak Demand at Auction of 10-Year U.S. Treasury Debt," began as follows: "U.S. Treasury prices dived Wednesday after an auction of 10-year notes drew very weak demand, signaling a lack…

Bob Woodward singled out congressional Republicans as the main party to blame for the 2011 debt ceiling showdown during an interview on Wednesday's CBS This Morning and minimized President Obama and Senate Democrats's responsibility regarding the looming fiscal cliff: "The Republicans are like a brick wall, and it's very difficult to deal with them." Woodward also bemoaned that the press…

ABC's Diane Sawyer, in a Nightline interview with the Washington Post's Bob Woodward Monday, aggressively defended President Obama from any blame for last summer's debt ceiling crisis. "Barack Obama was hostage to events outside his control" due to a "Republican Congress newly dominated by the Tea Party" (video follows with transcript and commentary):

Piers Morgan on Monday picked the wrong guy to toss Democrat talking points at. After the CNN anchor spoke the typical liberal nonsense about Paul Ryan's budget only benefiting rich people, former House Speaker Newt Gingrich scolded, "I do wonder sometimes if you guys all get off in a little club and learn a brand new mantra and then all repeat it mindlessly...You guys almost sound like you'…

A year ago, Standard & Poor's cut its rating of U.S. government debt from AAA to AA+. Very early Monday morning, in what read more like an Obama administration press release than a wire service news report, Paul Wiseman at the Associated Press claimed that subsequent events and other agencies' decisions not to deliver similar downgrades represent a "decisive repudiation" of S&P's call…

New York Times economic columnist Paul Krugman made a statement Sunday about the looming end of the year tax hikes and spending cuts that is likely to raise some eyebrows on both sides of the aisle. Appearing on CNN's Fareed Zakaria GPS, Krugman said, "If Obama’s reelected, I think that there’s a quite good chance that for a month or two we actually will go off the cliff" (video follows with…

It's becoming increasingly clear that the Associated Press, aka the Administration's Press, believes there are two primary kinds of users of its output: those who only read headlines and those who read on or click through. It often dresses up the headlines with inaccuracies, omissions, and occasional downright falsehoods, which more often than not are respectively rendered properly, included,…

In a post-Occupy Wall Street/Buffett Rule world, I bet you'd never expect a liberal news organization to admit that you can't solve all the country's problems by just raising taxes on the rich. The Washington Post did exactly that in an editorial Monday:

Liberal media's love for higher taxes is a thing of legends. On Inside Washington Friday, PBS's perpetually pandering pundit Mark Shields told viewers that since 1991, "21 years, Republicans have not voted for a single broad-based tax increase, and that’s become the theology of the party, the ideology of the party, the definition of the party, and that is irresponsible" (video follows with…

Let me preface this by saying that I really appreciate everybody's response on the soapbox every week, whether they be pro or con. I certainly don't expect everybody to agree with my opinion. I rarely respond to the comments made unless I have, what I feel, is a very important and specific reason for doing so.

We at NewsBusters have been calling MSNBC's Chris Matthews a sycophant for Barack Obama since at least February 2008 when the so-called journalist bragged on the air about getting a thrill up his leg at the sound of the former junior senator from Illinois' voice. It was therefore quite pleasing to hear former Republican National Committee chairman Michael Steele tell the Hardball host that to…

President Obama made quite a gaffe Friday when just one week after the Labor Department announced horrid jobs numbers for May, he claimed "the private sector is doing fine." Appearing on CBS's This Morning Monday, New York Times columnist and unashamed Obama shill Paul Krugman covered for the current White House resident saying, "He screwed up the line" (video follows with transcribed…

Fareed Zakaria on Sunday actually asked former Obama Chief of Staff Rahm Emanuel if the president should "run a campaign against a do-nothing Republican Congress." Such actually transpired on CNN's Fareed Zakaria GPS, a program hysterically presented by the so-called "Most Trusted Name In News" (video follows with transcript and commentary):

Peter Goodman, the business editor for the perilously liberal Huffington Post, has come up with a new highly-derogatory term for people on the right that believe there isn't an unlimited amount of money at the government's disposal. His Monday headline read, "Bleeding Cash Conservatives Wasting Money To Punish Vulnerable Americans":