Personal Finance

Sometimes you learn a lot from commenters. I was going through the comments tonight at my Pajamas Media column about the Geithner nomination that went up earlier today, and came across this at Comment 39 from "Mike M": The deduction he took for the summer camp as a day care expense is EXPRESSLY PROHIBITED IN THE IRS CODE! That’s out and out tax fraud. Even Leona Helmsly (sic) is jealous in her…

The failure of American media to properly vet the political beliefs of Barack Obama during the just concluded presidential campaign was on full display Sunday when the president-elect made clear just how much of a socialist he really is, and did so with nary a challenge from "Meet the Press" moderator Tom Brokaw.Makes you wonder what the results might have been on November 4 if the press had done…

It's a good thing Barack Obama was elected.  Otherwise, the nation's glum Thanksgiving mood might have been downright funereal.  At least, that's the impression the New York Times gives in its decidedly downbeat article about the holiday."In Lean Times, Comfort in a Bountiful Meal" tells the story of people from coast to coast virtually weeping into their turkey and cranberry sauce.  Whether it's…

Neil Cavuto and Ben Stein had quite an argument about bailouts on FNC's "Cavuto on Business" Saturday morning that nicely covered the issues people on both sides of this contentious debate will likely be discussing around dinner tables this Thanksgiving, though hopefully with less screaming:

In today's "You've Got to be Kidding Me" moment, the San Francisco Chronicle advocated that folks who owe more on their mortgages than their homes are worth should stop making payments so they can qualify for a government bailout.I'm not kidding.Disgustingly titled "Are You an Idiot to Keep Paying Your Mortgage," the article actually instructed readers upside-down in their real estate the ins and…

In the name of gender equality, the Today show plumped this morning for government regulation forcing health care insurers to charge men and women the same for individual policies even though women cost insurers more because of greater use of services.  Hasn't the financial crisis taught the MSM anything about the danger of government meddling in markets? No. Insurers wind up paying out more in…

I'm guessing that Paul Krugman and David Brooks don't hang out that much together.  So when both turn up on the New York Times op-ed page this morning with columns calling for massive government spending, I'm assuming they came to their conclusions independently.  My working hypothesis: if Krugman and Brooks agree on something this important, they must be wrong.Here's Krugman's prescription,…

Sometimes former CEOs have a reason to be downbeat when they make predictions. Former Chairman and CEO of Citigroup Sanford Weill told CBS's "The Early Show" Oct. 28 that unemployment would hit 9 percent and that Wall Street CEOs "didn't deserve bonuses this year." It went something like this: Well, I think we've set in motion a whole series of events that is going to make the economy…

Imagine that a week before a presidential election, a radio interview surfaced in which the Republican candidate had called for, say, the abolition of Social Security. Now imagine the broadcast networks' reaction to that nugget: "We interrupt regularly-scheduled programming for this Breaking News," followed by 24/7 coverage with talking heads pondering the devastating impact on America's seniors…

I suppose that mocking Republican candidates is an essential element of a Washington Post editorial writer's job description.  Even so, it was jarring to hear the snide comments of WaPo editorialist Jonathan Capehart [seen right in file photo] about Sarah Palin read on the air today.  Not merely did he mock her shopping habits, Capehart came very close to accusing Palin of . . . "child abuse."…

It may not have been "huge" when CNBC's Joe Kernen said it but the dude has been on practically every news station by now. Kernen told chief Washington correspondent John Harwood that the "Joe the plumber" story "would be huge" and even a "bombshell," in any other election year. Kernen said voters "don't care" because they are buying into Sen. Obama's assertion that the Bush tax policies have…

Who you gonna call to fix the economy? Kids. The Dow dropped 5,585 points since its high a year ago, banks have been afraid to lend and the government bought billions in toxic mortgage-backed securities. So CBS's "The Early Show" went to some top finance experts to explain what was happening to viewers, right? Nope, they went to kids, Oct. 10. Weatherman Dave Price talked to fifth graders…

Private CEOs? Yes. Government-sponsored CEOs? No. In a September 19 "Good Morning America" preview of a report scheduled to appear on the same day's edition of ABC's "20/20," chief investigative reporter Brian Ross took a few jabs at the rich who had fallen. Ross called it "the end of a shameful chapter of American history," and although top executives on Wall Street had been hit hard in…

On a day when markets are in turmoil, you might think that the role of an American president, current or aspiring, would be to assure his fellow citizens—and the world—that our economy is fundamentally strong.  That's what John McCain did.  In contrast, Barack Obama suggested that the American economy is fundamentally weak.  WaPo's Jonathan Capehart has declared Obama the winner of the exchange,…