Imagine if, in 1987, a Federal Reserve official could have pointed to a poorly performing economy and said, "Gee, this supply-side economics hasn't worked out very well." The press would surely have treated the story as a front-page item and ensured that it got air time on the Big Three networks' then-dominant nightly news broadcasts. Of course, there was no such credible report, because the economy under Ronald Reagan was so obviously robust.

Fast-forwarding 28 years, the author of a July Federal Reserve white paper on the Fed's Keynesian-based "quantitative easing" program contends that "There is no work, to my knowledge, that establishes a link from QE to the ultimate goals of the Fed—inflation and real economic activity." In other words, there is no evidence that $4.5 trillion in funny money with which the economy has been saddled has accomplished anything. In the establishment press, only CNBC's Jeff Cox has covered it (bolds are mine):

There may no better illustration of how much harm the economy has inflicted on the American people during the Obama era than a March 2015 Harris survey commissioned by American Institute of Certified Public Accountants. The AICPA's Thursday press release reported that "a majority of American adults (51 percent) have delayed at least one important life decision in the last year due to financial reasons ... an increase of 20 percentage points from a similar survey conducted in 2007."

Covering the survey's results, Ann Carrns at the New York Times, in an item carried at CNBC (also found at the Times's web site), waited seven paragraphs to note a particularly damning statistic about a situation Obamacare advocates like to claim has already been solved.

As we have seen many times in the past, CNBC Chief Washington correspondent John Harwood has been reliably liberal. In fact just a few hours ago, Newsbusters ran a story featuring Harwood once again spinning for Hillary Clinton. Therefore it is notable when even a team player such as Harwood gets so upset with the content free Hillary "briefing" that he breaks out in one snarky paragraph after another.

Perhaps the Hillary campaign thinks it is a cute idea to cut reporters off from any meaningful information but when it causes someone like Harwood to go full out snark, perhaps someone there might dare to suggest another press strategy to Hillary. In the meantime let us enjoy a few chuckles from the Harwood snark attack before he relapses back to liberal team player mode:

It appears that someone might need to schedule an intervention with the Associated Press's economics writers.

In his dispatch published a half-hour after the government's March release on international trade at 8:30 this morning, the wire service's Martin Crutsinger quoted a normally upbeat economist who was singing the blues about the result's effect on previously reported first-quarter economic growth. Now, he said, the economy "undoubtedly contracted slightly in the first quarter" by an estimated 0.3 percent. But about an hour later, the AP's Christopher Rugaber ignored this assessment — and that of many others — in his writeup covering the 10 a.m. release of the Institute for Supply Management's Non-Manufacuring Index. Don't these guys talk to each other?

Japan just reported yet another awful retail sales result. Though it far exceeeded predictions of a 7.3 percent fall, the 9.7 percent March 2015 plunge compared to March 2014 doesn't reveal much, as March 2014 saw a splurge at the stores ahead of a steep sales tax increase which took effect on April 1. The really telling figure is the 1.9 percent seasonally adjusted dive compared to February.

Proving once again that they haven't learned, and probably never will, the press and financial commentators are really hoping that the government will respond, after two decades of Keynesian deficit spending and quantitative easing which have given the country slow growth, several recessions and a dispirited populace, with (good heavens) more stimulus.