Even though President Obama promised a cut in the corporate income tax on the campaign trail in 2012, the media are playing up as a "grand concession" or "grand bargain" his offer to Republicans to cut the federal levy in exchange for a boatload of new deficit spending -- and hidden taxes. On Tuesday evening, Fox Business Network anchor Neil Cavuto brought NewsBusters publisher Brent Bozell on his eponymous program to discuss this latest way in which the media are misleading the American people and helping to uncritically further the president's talking points on the economy.

"It's being announced as a bargain," Bozell observed, although "there is no bargain, there is no agreement" that has been struck. The media using the language of "grand bargain" is simply a set-up to blame Republicans when they rightly push back against the president's plan to ratchet up spending the country can't afford, the Media Research Center president argued [watch the full Cavuto appearance in the embed below the page break]

Has Glenn Thrush at the Politico thrown up the white flag on Democrats regaining control of the House until 2022, the first election cycle after the next wave of congressional and statehouse redistricting? If so, he clearly underestimates Republicans' ability to snatch defeat from the jaws of victory, but I digress.

It would appear that Thrush has thrust himself into the throes of despair, based on the bolded sentence seen after the jump from his Friday report on how 2010 losses of control of the U.S. House and especially control of so many statehouses and state legislatures "still haunt" Dear Leader Barack Obama:

It wasn't a tough prediction, but late Friday morning Noel Sheppard at NewsBusters noted the seemingly "metaphysical certitude the Obama-loving media will be falling over themselves in the next 48 hours to report the better than expected jobs numbers in June." Well, of course.

Noel also wondered how much attention the press would pay to less than desirable aspects of yesterday's jobs report from Uncle Sam's Bureau of Labor Statistics. The answer at the Associated Press, aka the Administration's Press, which carried at least eight reports relating to the news and its effects on the financial markets, was "hardly," as will be seen in excerpts after the jump. Additionally, the AP reversed its initial take that yesterday's non-change in the unemployment rate would keep the Federal Reserve's stimulus flowing, later deciding that the jobs report was so good that the Fed can let the tapering begin.

In an interview with liberal economist Jeffrey Sachs for Meet the Press's Press Pass segment on Sunday, moderator David Gregory worried about skepticism of big government: "...a lot of it has to do with what role does a government play in creating more structural balance in the economy, creating more jobs...doing what nobody else can do for the economy....but that the country writ large does not support....So what changes that and what happens in the absence of that movement back toward government playing a bigger role and spending all of that money?" [Listen to the audio or watch the video after the jump]

Sachs began his response by leveling criticism against the Obama administration's massive stimulus program: "...there's a lot of skepticism, and it's understandable. If the government wastes money or runs huge deficits and so forth, you can't be very confident....What you can't do is say, 'We're going to spend a trillion dollars, or nearly a trillion dollars, and we're going to work it out in the next five weeks and we're going to throw it on to the floor of Congress before anyone can even read it.'"

Martin Bashir on Tuesday said New York Times columnist Paul Krugman "deserves the Nobel Peace Prize."

Yes, the MSNBC host said Peace Prize - not one for economics - all because the perilously liberal economist has advocated more deficit spending and even more federal debt to stimulate the economy (video follows with partial transcript and commentary):