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 9, 2015 | 10:31 PM EDT

It would be easy to conclude, based on its treatment of a story about Illinois lottery winners suing to force the state to disburse their payouts, that the Associated Press really doesn't want readers and its subscribing outlets to learn about it.

This "keep them in the dark" approach is consistent with a previous AP story on the state's failure to pay lottery winners. Let's start with that story's headline. Noted by yours truly on August 31 before the lawsuits were filed — "Lottery Winners Don't Get Largesse, But Get Left Out" — it was in my opinion deliberately vague and incoherent. The AP's headline at this evening's unbylined story, given the existence of the lawsuit, is even worse: "Amid budget debate, Illinois Lottery stops some payouts." Those who only get headlines in their newsfeeds on their phones, tablets and computers and don't click to read the story will have no idea that any legal action exists.

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 Johnson | September 7, 2015 | 8:53 PM EDT

The debate rages on as to whether Donald Trump represents the essence of the Republican party. Very broadly speaking, conservatives say he doesn’t and liberals say he does. One liberal, Michael Tomasky, claims that Trump, despite his left-of-center positions on several fiscal and economic issues, nonetheless embodies the “two qualities more than any others [that] have driven conservatism in our time.”

The first quality, wrote Tomasky in the September 24 issue of The New York Review of Books, “is cultural and racial resentment…The second is what we might call spectacle—the unrelenting push toward a rhetorical style ever more gladiatorial and ever more outraged…Trump is conservative resentment and spectacle made flesh.”

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 Mark Finkelstein | September 5, 2015 | 11:13 AM EDT

In America, the rightful role of politics and politicians is to defend the Constitution.  And the essence of that Constitution is to limit the powers of government while protecting the unalienable rights of the people as described in the Declaration of Independence.

But according to a prominent Catholic sister, Pope Francis has a very different view, one which she obviously shares.  Appearing on MSNBC's Up With Steve Kornacki today, Sister Simone Campbell said that the Pope was "very clear" in his encyclical. Rather than controlling government, he believes the role of politics is to "control the economy."

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 Tom Johnson | September 1, 2015 | 9:42 PM EDT

In a Tuesday post, David Roberts opined that “nativist conservatives” won’t accept that America shares responsibility for climate change, or for any other “ills in the world,” because they believe that the very idea is “unpatriotic.”

“Conservative psychology is averse to ambiguity and nuance,” asserted Roberts, “so for ideological conservatives America is either God's chosen country, a force for good, or not. Any discussion of American culpability or responsibility is interpreted as an argument for the latter.”

By Tom Blumer | August 31, 2015 | 11:37 PM EDT

Silly me. I really thought that every state's lottery operation was walled off from the rest of its finances. They collect bets, pay out winnings and administrative costs, and turn over the profits to general fund. End of discussion. No muss, no fuss. Right?

In Illinois, based on recent developments, we know that's obviously not the case — leading me to wonder how many other states potentially have the same problem the Land of Lincoln currently has. You see, the state is about to move into the third month of a budget standoff between Republican Governor Bruce Rauner and its Democrat-controlled state legislature. As a result, because the lottery's operations are at least in a legal sense commingled with the rest of the state's finances, its comptroller has been forced to cancel payouts of lottery winnings greater than $25,000. It appears that very few media outlets outside of Illinois are interested in covering this obviously important story. Why?

By Clay Waters | August 31, 2015 | 10:44 PM EDT

Paul Krugman's Monday New York Times column hit all of the sweet spots that make liberals smile, defending both President Obama and Hillary Clinton while bashing President Bush and the current crop of Republican presidential candidates. And what of the Democrats? Well, Hillary's "email thing doesn’t rise to the level of a 'scandal.'" Meanwhile, "the modern GOP is basically anti-rational analysis; it’s at war not just with the welfare state but with the Enlightenment."

By Tom Blumer | August 30, 2015 | 11:47 PM EDT

Miami Herald sportwriter and columnist Greg Cote, whose career has entered or is about to enter its third decade, seems to have incorporated a sideline into his work: glib, ignorant political commentary.

One such example surfaced at the end of his August 25 Random Evidence blog post. Apparently, Cote believes that anyone who has ever received any kind of government benefit or has made use of a government service at any time in their life is a flaming hypocrite if they believe that Uncle Sam and other public entities should be able to survive on less money than they currently spend. They're also hypocrites if they believe that the federal government has become far too intrusive in our everyday affairs and threatening to the fundamental freedoms identified in the naton's Constitution. Greg, who clearly should stick to sportwriting, has convinced himself that such people are "anti-government":