On Thursday, an Investor's Business Daily editorial cited a long list of news outlets which have recently covered the calamitous events in Venezuela, but which, in IBD's words, "continue to obfuscate, if not totally ignore" the fact that the country's implosion can be laid at the feet of one simple cause: "Socialism." One particularly appalling example exemplifying the paper's complaint came Saturday morning from NBC News.
After giving President Ronald Reagan a subtle nod this earlier week, ABC decided to more directly address his presidency two days later on their hit comedy Last Man Standing.
On Tuesday morning's MSNBC Live, Louise Mensch, though she claims to be a conservative, put forth what I suspect will be the left's core economic argument if the economy improves under Donald Trump. That argument: The economy is "fantastic" already, and Trump will have had nothing to do with whatever economic improvements over what is already "fantastic" we might see.
Here’s a story that you can’t make up, folks. In an attempt to fact-check President-elect Donald Trump on his claim of Sprint bringing jobs back to the United States, Wednesday’s The Last Word turned to none other than ObamaCare architect and deception artist Jonathan Gruber for two segments to inform MSNBC viewers where Trump went wrong and struggled with facts.
Readers who have spent any time reading economic dispatches from the establishment press since the presidential election have likely noticed that its business journalists have taken to praising the alleged wonders of the economy President Barack Obama is passing on to President-Elect Donald Trump. Current reality renders the praise completely undeserved, but of course that's not stopping them from engaging in it.
The Associated Press's coverage of the U.S. economy is undergoing its own presidential transition. One might expect a bit of chaos as the AP moves from frequently and inordinately praising and defending the historically awful economy we've seen during the past eight years under a Democratic administration to eventually downplaying and bashing it at every opportunity once a Republican takes over. The best example of that chaos is found in its claim (with "expert" help, of course) that the economy grew as fast as it realistically could during the Obama administration, while unwisely laying down an unmistakable marker that it can't and therefore won't grow any faster during Donald Trump's presidency.
At a press conference in Greece on Tuesday, President Barack Obama claimed that when he came into office, "the economy was contracting faster than it did during the Great Depression, but we were able to intervene, apply lessons learned and stabilize and then begin growth again." Naturally, Elena Becatoros and Josh Lederman at the Associated Press and Gardiner Harris at the New York Times, all of whom were there, failed to report that statement and two others surrounding it, let alone expose how blatantly wrong Obama's claims were on so many fronts.
Friday morning, Fox Business's Maria Bartiromo had a tense one-on-one interview with Ezekiel Emanuel, one the two major architects of Obamacare (the other one is the infamous Jonathan "Lack of transparency is a huge political advantage because of the stupidity of voters" Gruber).
Many writers on the left and beat journalists in the establishment press contend that Republican presidential nominee Donald Trump and running mate Mike Pence tell lies so often that it's virtually impossible to keep up with all of them.
If that's so, why, with all those "obvious" falsehoods out there, did two Los Angeles Times reporters have to label an absolutely true statement by Pence about Hillary Clinton's Syrian refugee position "misleading" and then fail, as seen in a Friday NewsBusters post, to even try to explain why it was? And why did the Associated Press's Josh Boak, as will be shown after the jump, pretend on Tuesday that Pence's absolutely true claim about the growth of the national debt under President Obama wasn't true?
For two months prior to the first presidential debate, the networks’ evening news shows ignored news of "very weak" GDP growth in their broadcasts. The Washington Examiner reported on Sept. 29, that the U.S. gross domestic product (GDP) grew at a “relatively weak” 1.4 percent in the second quarter of 2016. CNBC noted on the same day that “The current expansion's pace is the weakest of any since 1949.”
They call it a comeback.
It is true, the U.S. economy is no longer in the depths of what has been called “The Great Recession.” But, in many ways the economy remains “weak.” Overall economic growth remains “subpar” and labor force participation rates remain shocking, not far from 38-year lows.
Then of course there’s poverty, food stamp use, weak wage growth and household income struggles. The average household is still making thousands of dollars less than they were before the recession. Those indicators tell another side to the story, one the broadcast networks haven’t said much about.
It’s almost as if “Net Neutrality” is a Leftist safe word - to be uttered when the free market growing freely causes them too much discomfort.
Few things demonstrate the insular Media-Government Bubble better than this: