The major broadcast networks on Friday morning and evening showed no interest in reporting to viewers that The New York Times had scrubbed from an article on its website that contained a quote from President Obama telling columnists that he did not watch enough news coverage of the Paris and San Bernardino terror attacks to truly grasp the anxiety of the American people. 

For an understanding of just how weak the business press's understanding of economic fundamentals is, look no further than Paul Wiseman's brief "coverage" at the Associated Press Wednesday of the Federal Reserve's awful Industrial Production.

The Fed reported yesterday that industrial production fell by 0.6 percent in November on top of a revised -0.4 percent (down from -0.2 percent) in October. None of the three major industrial components turned in a positive November result (Manufacturing, flat; Mining, -1.1 percent; Utilities, -4.3 percent). Additionally, industrial production in the past 12 months has fallen by 1.2 percent, an occurrence which has historically been a recessionary red flag. But that's okay, Wiseman reassured readers, because "the American economy is relatively healthy thanks to solid consumer spending."

Pity the poor folks at the Associated Press, aka the Administration's Press.

The Obama administration, usually hyper-reluctant to characterize a domestic terrorist attack on U.S. soil as, well, a domestic terrorist attack, has actually had to admit in the face of overwhelming evidence that the San Bernardino massacre on December 2, during which 14 were killed and two dozen injured, was indeed a terrorist attack. Failing to adapt at sufficient speed, the headline writers, tweeters and Obama fans disguised as journalists at the AP, so used to avoiding the T-word at all costs, have made fools of themselves.

Reuters and reporter Lucia Mutikani went way overboard today in reacting to today's residential construction news from the Census Bureau.

Mutikani's headline contended that today's "housing data signals economic strength," while a section title claimed that there are "strong housing fundamentals." That can only possibly be true if one believes the world began in 2007.

Many of the lefty writers who analyzed Tuesday night’s Republican presidential debate at the Venetian suggested that had the event been promoted as if it were a Vegas show, the marquee might have read “Fright Night,” or perhaps “Be Afraid…Be Very Afraid,” given how much the candidates hyped the threat of jihadist terrorism.