By Tom Blumer | September 19, 2015 | 10:02 AM EDT

The business press is trying to convince readers, listeners, and viewers that Janet Yellen's Federal Reserve kept interest rates at zero not because of U.S. economic conditions, which supposedly "look good" with "steady economic growth." No-no. She stayed the course because of the troubled tglobal economy.

Thursday evening, Reuters wrote that the Fed failed to move "in a bow to worries about the global economy, financial market volatility and sluggish inflation at home." Bloomberg directly blamed "China growth concerns." The Associated Press's Martin Crutsinger cited "a weak global economy, persistently low inflation and unstable financial markets." None of the three noted the deteriorating situation in the U.S., and the only item I could find which cited the Fed's full set of pathetic annual U.S. growth projections was a Wall Street Journal editorial.

By Tom Blumer | September 17, 2015 | 2:21 PM EDT

Either Nicholas Riccardi at the Associated Press is woefully ignorant, or he set out to deliberately mislead readers about the impact of Republican presidential candidate Jeb Bush's tax plan. I'll report the details; readers here can decide for themselves.

Riccardi's "analysis," contained in his Sunday morning writeup covering the tax proposals of Bush, Marco Rubio and Rand Paul, contained the following paragraph summarizing the Bush plan's impact (HT to longtime emailer Alfred Lemire):

By Tom Blumer | September 16, 2015 | 5:21 PM EDT

From its "Don't read this story, it's boring" headline to its obfuscating content, today's coverage at the Associated Press, aka the Administration's Press, of the Census Bureau's 2014 report on income and poverty in the United States was all about ensuring that readers know as little as possible about the declining incomes and disheartening increases in officially-defined poverty seen during the Obama administration.

I'll focus on just two of the many shortcomings in Jesse J. Holland's AP report.

By Tom Blumer | September 15, 2015 | 10:17 PM EDT

Shortly after its release this morning, Josh Boak at the Associated Press posted his coverage of the Census Bureau's August retail sales report. On a seasonally adjusted basis, August's sales came in a very mediocre 0.2 percent greater than July.

It's almost too kind to say that Boak's writeup was delusional. The AP reporter celebrated "surges" in spending, "fed ... by solid and steady job gains" that will "sustain U.S. economic growth." He missed an important clue, downplaying the significance of "a possible pullback in the housing sector's momentum" — not that there has been all that much momentum anyway.

By Tom Blumer | September 14, 2015 | 4:44 PM EDT

You wouldn't know it from reading the national coverage by the Associated Press or stories at the Los Angeles Times, but California Governor Jerry Brown and his fellow far-left Democratic Party environmentalists suffered significant setbacks last week.

How bad? So bad that the Times editorial board accused "a new crop of moderate Democratic legislators" of succumbing to "oil industry propaganda." What really happened is that enough Democrats to make a difference looked at the impact of Brown's pet pieces of legislation on the state's economy and job market and said, "No mas."

By Julia A. Seymour | September 13, 2015 | 1:30 PM EDT

What is the result when Hollywood combines oil prospecting, a young couple chasing the American dream, family feuds and crooked officials?

This fall television season, the result is Blood & Oil, ABC’s wannabe-Dallas set in the fictional oil boom town of Rock Springs, North Dakota. The show stars Don Johnson, Chace Crawford and Rebecca Rittenhouse. The trailer even resembled TNT’s Dallas commercials and included plenty of sex.

Judging by the first episode, which will premiere on ABC Sept. 27, viewers can expect many of the same old anti-oil attacks that have been done by TV and movies before including an oil “baron” who is hated by many people in town and has done unethical things to become rich. Oilmen are called “oil thieves” by another character and there’s gambling, swindling, theft and betrayal.

By Tom Blumer | September 10, 2015 | 11:14 PM EDT

Today's Monthly Wholesale Trade report from the Census Bureau covering July was the latest in a wave of disappointing reports on business activity this year. Wholesale inventories remained very high, while sales turned in a seventh consecutive month of year-over-year declines.

Much of that sales decline is due to the fall in oil prices during the past year. But even after factoring that out, wholesale sales are either flat or declining, leading one to wonder how the economy could have grown at all during the past year or so. Josh Boak at the Associated Press appeared to understand that there are some problems out there, but his Thursday morning report understated their seriousness, largely because he doesn't seem to understand that a high level of inventories can be a very dangerous thing:

By Tom Blumer | September 8, 2015 | 3:21 PM EDT

Democrats' current and potential candidates for their party's 2016 presidential nomination continue to complain about various aspects of the economy. They continue to make no connection between their complaints and the fact that Democrat Barack Obama has been in the White House for over six years. Obama has for the most part operated either under the conditions created by the 2009-2010 Congress or, when resisted, by unilaterally ruling through executive orders and arbitrary regulatory actions.

Establishment press outlets, likely recognizing the candidates' hypocrisy, mostly fail to carry their complaints — and when they do, they make no attempt to note that the candidates are citing areas the Obama administration has either failed to address, or has attempted to address counterproductively. This pattern of behavior became so obvious yesterday as a result of Vice President Joe Biden's appearance in Pittsburgh that National Review and IJ Review contributor Stephen Miller tweeted the following:

By Tom Blumer | September 6, 2015 | 11:51 PM EDT

A popular meme in the wake of Friday's jobs report seen at many media outlets is that August's reported job growth of 173,000 seasonally adjusted jobs is a virtual lock to be revised up by 50,000, or 78,000, or perhaps even more, since such revisions during the past three years have been unusually large.

Well, since they opened that can of worms, let me make clear to everyone that even if those revisions materialize, August will still have been a singularly unimpressive month.

By Tom Blumer | September 5, 2015 | 11:30 PM EDT

Here's a little parlor exercise readers can conduct with their friends who think that high-tech CEOs are the innovative saints of the universe.

The game would be to take the first three paragraphs of Michael Liedtke's Associated Press report on the collusion settlement to which that industry's major players just acquiesced, and revise it to reflect a different industry far less favored by the press. Then accurately point out the following: "There is no way this industry would gotten as much sympathy from the press as the AP gave these high-tech titans." After the jump, readers will see how I revised the AP's original first three paragraphs as if the settlement occurred in the oil industry, followed by what the AP's Liedtke actually wrote Thursday afternoon:

By Tom Blumer | September 3, 2015 | 11:54 PM EDT

The press's failure to tell the public how seriously the U.S. economy is struggling is not the most egregious exercise in reality avoidance we've seen during the past several months. The willful denial of Iran's intent to destroy Israel and its Western enemies, the refusal to acknowledge the inherent institutional ugliness of Planned Parenthood, and the failure to accurately characterize Hillary Clinton's deliberate circumvention of established national security laws and protocols (all because "Her personal privacy was more important than the national interest") are clearly worse.

Nevertheless, the economy-related deceptions have not been unimportant. The press promotes the general impression that, well, conditions aren't ideal, but they're the best we can hope for — and besides, our mess isn't as bad as what we're seeing in rest of the world (and by the way, if the U.S. economy does tank, it will be the rest of the world's fault, and certainly not Dear Leader's). Let's compare Wednesday's exercise in furthering that impression at the Associated Press and compare it to what is really happening.

By Clay Waters | September 2, 2015 | 11:31 AM EDT

The front page of Tuesday's New York Times featured labor reporter Noam Scheiber celebrating Obama as (finally!) the champion of workers' rights, belatedly beating back the retrograde efforts by Ronald Reagan and free-market conservatives to "roll them back," with Schreiber portraying all of the administration's new regulatory burdens on emerging jobs as wholly positive developments. The online headline was celebratory: "As His Term Wanes, Obama Champions Workers’ Rights."