Bloomberg’s Eric Roston attempted to keep a straight face while promoting a draft report for the United Nations. It said U.S. emissions would need to be “cut to one-tenth of current levels, per person, in less than 40 years.” Short of societal regression, it is unclear how that could be done.

“It’s perilous to say these things in the U.S., where a mere description of the scale of the climate challenge too often invites ridicule and dismissiveness. Americans are each responsible for about 18 tons of carbon dioxide a year. Taking that down 90 percent would mean a drop in emissions to what they were in about 1901 or 1902. Cue ridicule and dismissiveness,” Roston wrote.

There must have been a double delivery of Obama administration koolaid over at Bloomberg News this morning.

The business wire service, which ordinarily is slightly less imbalanced in its business and economics reporting than the Associated Press, somehow interpreted a 6.5 percent seasonally adjusted decline in housing starts during May and a nearly identical percentage drop in building permits — with both figures lower than May 2013 — as evidence that "the homebuilding industry stabilized after a first-quarter swoon." That's ridiculous. The first quarter was supposedly as bad as it was because of bad winter weather; so there should have been an overcompensating bounceback. It hasn't happened. Meanwhile, that second Bloomberg koolaid delivery must have been the one meant for AP, whose Josh Boak turned in a report noteworthy for its unusual sobriety (bolds are mine throughout this post):

Far too many journalists in the Washington-Gotham axis believe that any criticism of President Barack Obama must have its roots in cynical right-wing political opportunism and nothing else. At Bloomberg News, in a dispatch time-stamped June 4 at midnight, reporters David Lerman and Kathleen Hunter regaled readers with how the "Taliban Release Gives Republicans Fuel Beyond Benghazi." Some Democrats' concerns about Obama's actions in the freeing of Bowe Bergdahl were already known, including substantive issues of national security. But the Bloomberg pair limited the scope of Obama's problem with Dems to notification, while contending that "the demands for more information have come mostly from Republicans, some of whom already have declared their opposition to a deal whose details have yet to be fully disclosed." 

The left-leaning New York Daily News also didn't get the memo that any criticism of Obama can only come from the right.

Francis Wilkinson at Bloomberg View used to write on politics for Rolling Stone, and it shows. He went on the warpath against Sen. Tim Scott in a column titled “Do Republicans Lower the Bar for Blacks?”

This is not a serious question from the Democrats who wouldn’t call it “lowering the bar” to give race-baiting huckster Al Sharpton an hour each night on MSNBC to mangle the English language. He’s angry Sen. Scott has no challenger since he’s “so far to the right” that he’s upset the NAACP:

General Electric CEO Jeffrey Immelt has made nice with President Barack Obama on several occasions. Among other things, he chaired the President's Council on Jobs and Competitiveness, which met a grand total of four times in 2011 and 2012 before it was unceremoniously allowed to expire a year later. He fully expected that his company would benefit from its involvement in green energy and its membership in the U.S. Climate Action Partnership. He also endeared himself to Team Obama by calling "other U.S. business leaders greedy and mean."

In more than a minor comeuppance, as well as the latest evidence that business-related news reflecting badly on the Obama administration almost never escapes the business pages and center-right blogs and outlets, Inmelt's company has seen its medical division hit hard by the onset of Obamacare. Portions of Bloomberg News's original April 17 report follow the jump.