Bloomberg

Anyone who has followed the decline of General Motors and Chrysler since the two companies received a combined $17-plus billion in bailout money in December won't be surprised at the news that they need more -- or at the government's convenient weekend timing of the news. The financial cliff on which Chrysler stands was a given by the time its first bailout installment arrived. But, as shown in…

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 rocket carrying a NASA satellite designed to study global warming crashed into the ocean near Antarctica Tuesday shortly after being launched from California's Vandenberg Air Force Base.How delicious that it landed near the continent whose expanding ice mass totally defies the myth climate alarmists so eagerly spread for their own purposes.Talk about your inconvenient truths. As Bloomberg…

During a segment on the “Reliable Sources” hour of CNN’s State of the Union on Sunday, PBS’s Gwen Ifill and Bloomberg’s Margaret Carlson agreed that it was fine for President Obama to call on Sam Stein of the Huffington Post at his first press conference, and that the correspondent’s left-wing question on a proposed “truth committee” investigation into the Bush administration was “perfectly…

A health policy expert who Keith Olbermann eviscerated during Thursday's "Countdown" (video embedded below the fold) has officially challenged the disgraceful MSNBC personality to a debate concerning provisions in the soon to be enacted stimulus plan.In a press release issued Friday, Betsy McCaughey stated (h/t TVNewser):If Keith Olbermann of MSNBC could defend the health provisions slipped into…

While the Obama administration and its media minions castigate financial industry executives for their so-called greedy ways, a couple of inconvenient truths are going largely un- or under-reported: one bank being criticized for a lavish convention in Las Vegas was forced to take TARP money in October, while another is trying to pay back the funds to regain its autonomy.As the press had a field…

He might be on the Forbes list of billionaires with a net worth of $1.3 billion and he may appear frequently in the financial media, but Pimco's Bill Gross doesn't have a grasp of how much "trillions" are. Gross recently called for a massive government intervention or face certain catastrophe.  "This economy requires support from the government, a check from the government in some form or…

The newspaper that appears to be on a mission to become Manhattan's quaint little alternative daily is considering a move that would cheer those who prefer fair and balanced reporting accompanied by intellectually honest editorials and op-eds. That publication, the New York Times, is considering a return to fee-based content -- and this time, it might go for the whole enchilada. Times Executive…

Here are the key numbers (in red) in Uncle Sam's November Personal Income and Outlays report (the July : Common sense says that the chart's results after adjusting for inflation are more important (identified as "Chained [2000] dollars") than those in current dollars. Consmers' disposable income went up 1.0% in real (after-inflation) terms in November after a 0.7% increase in October. It took a…

In an attempt to play Main Street against Wall Street, Rachel Maddow mocked and criticized the rate at which Goldman Sachs was taxed this year. The MSNBC host of "The Rachel Maddow Show" lamented that the investment bank Goldman Sachs, which reported a $2.12 billion dollar loss for the fourth quarter ending Nov. 28, paid only 1 percent in taxes for the entire year during her Dec. 18 show. "Five…

Those who thought that President-elect Obama's pre-Thanksgiving promise to "create or save jobs," appropriately satirized by Mark Finkelstein at NewsBusters on November 24, might have been another one of the Oh-So-(in)Articulate One's "inartful" statements should know that it has become standard fare in Obama speeches.In related news, Uncle Sam told us Friday that over 136 million seasonally…

Pulitzer-Prize winning author and professor of history at Stanford University David M. Kennedy told Bloomberg radio Nov. 18 that the current financial crisis bears no comparison to the Great Depression. "Well, we're not yet in anything remotely resembling the crisis, the scale of crisis of the Great Depression." When Franklin Roosevelt took office in 1933, 13 million Americans were unemployed…

With 15 minutes of fame comes 15 hours of “gotcha” scrutiny -- especially if you’re a voter who has dared to criticize Barack Obama, the liberal media’s Chosen One for president.Ohio plumber Joe Wurzelbacher has had his 15 minutes of fame, capping it off with an unplanned appearance as the poster boy of populist tax policy in last night’s presidential debate. So now it’s time for the press to…