Will Deener, who has been a business reporter since at least before the turn of the century, considers his most unforgettable experience on the job to be "Covering the crash of the Internet stocks and Enron in 2000-2002."

Sunday evening, the Dallas Morning News columnist moaned about how big U.S. companies engaged in real businesses are avoiding paying billions in taxes because "the nation’s largest companies stockpile billions of dollars in profits overseas." In the process, he assumed that companies would pay the highest federal income tax rate of 35 percent on all overseas profits repatratriated. That's simply wrong, and it's astonishing that someone with his experience doesn't know any better. That level of ignorance largely explains why President Barack Obama, earlier this year, was able to package what was effectively a reversal of decades of tax policy as a "one-time tax" on such earnings — whether or not they were repatriated.

The business press has gotten really excited about the possibility — some of them are even treating it as a probability — that the first-quarter's recently reported annualized economic contraction of 0.7 percent will go positive if it gets revised for so-called "residual seasonality."

"Residual seasonality" is "the manifestation of seasonal patterns in data that have already been seasonally adjusted." (Supposedly, the way to fix this is add more "seasoning.") On April 22, CNBC's Steve Liesman contended that it's been a chronic 30-year problem. As far as I can tell, no one in the press has followed up on that claim. If they had, they would have found that it has not been a 30-year "problem," and that it's a "problem" remarkably unique to the presence of Democratic Party presidential administrations and policies:

On Wednesday, only CBS This Morning noticed a setback for Democrats proposing a massive tax hike in Connecticut, with co-host Norah O’Donnell reporting: “The Connecticut Post says two major corporations, General Electric and Aetna, forced changes in Connecticut's proposed budget. The companies said they would consider leaving the state over plans to raise business taxes. Democratic lawmakers rewrote the tax package Monday night.” That 15-second mention was the only network coverage of the liberal overreach. NBC and ABC completely ignored the story.

A recent Gallup poll found that 31 percent of Americans self-identify as social liberals, and that an equal percentage call themselves social conservatives -- the first time since Gallup began conducting such surveys in 1999 that conservatives haven’t outnumbered liberals. On Tuesday, pundit Michael Tomasky seized on this development as an indication that Republicans no longer will be able to use so-called wedge issues to gain Democratic crossover votes, but that maybe now Dems can win away GOPers who aren’t thrilled with their party’s stands on matters like gay marriage.

Tomasky added that any Democratic wedge issues would have a different “psychic ingredient” than those that Republicans have pressed, given that the GOP has relied on “fear-mongering…Conservatives are much better at this than liberals are, and in any case, if liberals tried this it just wouldn’t make sense or work. Everybody knows that the anti-same-sex-marriage side is losing fast.”

The Big Three's morning newscasts on Wednesday and Thursday all covered the breach of an online IRS system by hackers that compromised the personal information of 100,000 taxpayers. However, none of the programs mentioned President Obama by name during their reporting, nor did they revisit any of the other problems or scandals involving the agency in recent years. CBS Evening News and NBC Nightly News have yet to cover the IRS hacking, as of Wednesday evening.