By Tom Blumer | June 26, 2014 | 3:47 PM EDT

The press, even in the wake of yesterday's awful reported 2.9 percent annualized first-quarter contraction, continues to regale us with noise about the economy's "recovery" during the past five years.

As P.J. Gladnick at NewsBusters noted yesterday, CNNMoney.com's Annalyn Kurtz, in giving readers "3 reasons not to freak out about -2.9% GDP," concluded her report by telling readers that "This recovery is underway, but it's choppy and still very slow." Actually, it may have resumed this quarter. At the Associated Press yesterday, Martin Crutsinger all too predictably wrote that "the setback is widely thought to be temporary, with growth rebounding solidly since spring." After almost five years of this nonsense, it's long past time that they start telling readers, listeners, and viewers that this economy bears more resemblance to the 1930s economy under Franklin Delano Roosevelt than it does any post-downturn economy we've seen since the end of World War II. Hard proof follows the jump.

By Tom Blumer | May 19, 2014 | 5:50 PM EDT

In July 2013, the Associated Press's Christopher Rugaber finally noticed the meteoric rise in the number of temporary help service and other non-payroll personnel working at U.S. employers — a trend which at the time was about 2-1/2 years old. Rugaber noted that "temps and to a much larger universe of freelancers, contract workers and consultants ... number nearly 17 million people who have only tenuous ties to the companies that pay them – about 12 percent of everyone with a job." He also cited two likely contributors to that growth. First, "Some employers have also sought to sidestep the new health care law’s rule that they provide medical coverage for permanent workers. Second, "companies want to avoid having too many employees during a downturn."

This morning, the AP's Tom Raum did another report on the situation, and proceeded to blow the numbers, ignore Obamacare, and downplay the influence of the mediocre economy. 

By Tom Blumer | May 12, 2014 | 4:59 PM EDT

The Associated Press's unbylined 2:25 p.m. report on the government's April Monthly Treasury Statement contained an unhealthy dose of the historical revisionism we've come to expect from the outfit which really should be called in the Administration's Press.

AP's tallest tale is in ascribing the four annual deficits of over $1 trillion incurred from fiscal 2009 through 2012 entirely to the "deep recession" and the need to "stabilize the financial system," when the truth is that huge increases in government spending not related to those matters are primarily what shot the annual deficits upward — and are still keeping them at historical highs. Excerpts follow the jump (bolds and numbered tags are mine):

By Tom Blumer | May 7, 2014 | 11:03 PM EDT

If I didn't know any better, I might have thought, based on an Associated Press report tonight by business writer Bernard Condon prepared with the help of four others, that governments everywhere had reinstituted child labor for those as young as six years old.

That's the only way to support the claims Condon made about how the birth dearth in the developed world driven by the 2008 financial crisis is responsible for the current worldwide economic malaise. This desperate grasping at straws is apparently necessarily because the press will never blame the ineffectiveness of Keynesian fiscal policies and national banks' interventions in the developed world's economies, which are really the culprits. Excerpts from Condon's calamity follow the jump (bolds are mine):

By Tom Blumer | April 29, 2014 | 1:44 PM EDT

The National Employment Law Project claims that it is dedicated to "working to restore the promise of economic opportunity in the 21st century economy." That sounds promising, but one look at NELP's directors and the supposed "solutions" the group and its friends advocate — e.g., higher minimum wage, "uphold the freedom to join a union." etc. It's clear that NELP is just another lefty advocacy group pushing the kinds of policies which have led to six years of economic weakness.

That said, NELP recently released research showing that jobs gained since the recession ended have skewed far more heavily towards low-wage industries than the jobs which were lost during the recession. Press coverage has been skimpy. The one major writeup at the New York Times on Sunday for Monday's print edition appeared on Page B4. The nature of Annie Lowrey's coverage at the Times led Fox News to accuratey tease it as a story about the "Fast-Food Recovery." Excerpts from the Times story follow the jump (bolds are mine):

By Tom Blumer | April 21, 2014 | 11:25 PM EDT

If there's a prize for most words spent in Obamacare avoidance, NBC News's Martha C. White is definitely in the running.

White managed to burn through almost 40 paragraphs and nearly 1,600 words in a report carried at CNBC on the all-time record number of workers employed by temporary help services. But she somehow managed to completely avoid mentioning Obamacare, which used to be known as the Affordable Care Act until President Obama and his Health and Human Services regulators made 40 changes to the law originally passed by Congress, some of which directly contradict the original law's language. The closest she came was noting that using temps "lets companies avoid the cost of providing benefits like health insurance" — which has always been the case, except that health insurance is and will continue to be a lot more expensive, giving companies even more incentive to avoid adding to their own payrolls. Excerpts follow the jump.

By Tom Blumer | April 18, 2014 | 11:13 AM EDT

In a Friday morning dispatch which comes off more as a set of election instructions from "Democratic strategists" than as a real news report, David Espo at the Associated Press, aka the Administration's Press, wanted to make sure that political operatives who don't read boring pollster reports still get the message: Don't use the word "recovery" during your fall campaign.

In the course of his missive, Espo falsely claimed that economic growth since the recession officially ended has continued unbroken, and failed to remind his audience that the party has trotted out "recovery" themes several times, only to see historically weak economic and employment results each time. Excerpts follow the jump (bolds are mine):

By Tom Blumer | February 8, 2014 | 4:11 PM EST

One of the more annoying aspects of business press reporting is its participants' singular focus on seasonally adjusted data to the exclusion of the underlying figures.

Many reports on the economy at least tag the figures reported as seasonally adjusted; but there seems to be a trend away from doing even that. For example, the Associated Press has routinely labeled weekly initial jobless claims as seasonally adjusted (examples from about a year ago are here, here, and here), but Thursday's adjusted claims figure of 331,000 and the 348,000 from a week earlier went unlabeled (as seen here and here, respectively). Additionally, none of the three main wire services (AP, Bloomberg, Reuters) described yesterday's reported increase in employment as "seasonally adjusted" (though the AP's Christopher Rugaber did report that the unemployment rate of 6.6 percent was seasonally adjusted). In failing to do so, they all were in essence telling readers that the economy really added 113,000 jobs in January. The truth is that it lost over 2.8 million of them:

By Tom Blumer | January 31, 2014 | 9:13 AM EST

Today, President Obama is going to ask a group of private-sector companies to help him try to solve a problem his administration's policies have seriously worsened, namely long-term unemployment.

Of course, that's not how Josh Lederman at the Associated Press, aka the Administration's Press, framed the situation. All he would concede is that "long-term joblessness in the U.S. remains a major problem." After the jump, in two graphs from the St. Louis Federal Reserve, we'll see the frightening level of long-term unemployment Obama's economic policies have created – and how the horrid numbers have failed to come down significantly in the 4-1/2 years since the recession officially ended.

By Tom Blumer | January 16, 2014 | 12:55 PM EST

In May 2009, the Associated Press, aka the Administration's Press, announced that it would be "launching an index that will provide monthly, multi-format updates on the economic stress of the United States down to the county level." Not a bad idea, especially if you were concerned that evidence of an economic recovery under Barack Obama would not otherwise be convincing.

The AP likely believed that since an overwhelming percentage of U.S. counties lean conservative (remember those Bush v. Gore county maps?), a large majority of U.S. counties would likely recover in time for the 2010 congressional elections, or in the worst-case scenario, the 2012 presidential election — even if the nation as a whole did not. A statement that "most counties in the U.S. have recovered from the recession" would have been quite useful in defending congressional Democrats and Barack Obama's incumbency. But a recently released report from the National Association of Counties (NACo), which was covered poorly by the Wall Street Journal and virtually ignored by almost everyone else, shows that it hasn't happened.

By Brad Wilmouth | December 24, 2013 | 1:09 PM EST

On the Monday, December 23, PoliticsNation on MSNBC, host Al Sharpton led the show by accusing Republicans of "stinginess" and of being "grinches" because of GOP opposition to a further extension of unemployment benefits. With the words "GOP Grinches Steal Christmas" on screen, Sharpton opened the show:

By Brad Wilmouth | December 20, 2013 | 6:35 PM EST

On Thursday's All In show, MSNBC's Chris Hayes repeatedly used words like "screwing over" to describe Republican policies toward the poor, and claimed that Tea Partiers in Congress believe in "poverty as punishment" as he fretted over a delay in the extension of unemployment benefits and then hyped Georgia Republican Rep. Jack Kingston's suggestion that school children do chores in exchange for subsidized lunches.

After characterizing recent statements by congressional Republicans as being like immaturely declaring, "Yeah, and your mother," the MSNBC host a bit later whined: