By Tom Blumer | May 3, 2012 | 12:16 PM EDT

Well, we can all stop thinking about the presidential election, because Barack Obama's victory is assured. This morning, Paul Wiseman at the Associated Press, aka the Administration's Press, virtually celebrated analysts' predictions that the unemployment rate will drop a whole 0.3% between now and Election Day to 7.9%. But in searching desperately for a precedent, he claimed that a public which has historically tended to have a "What have you done for me lately?" mentality has rewarded presidents seeking reelection who have seen the jobless rate decline in "the two years before the election." By this "logic," Obama will be reelected even if the unemployment rate zooms to 9.7% by Election Day, because that rate will still be lower than November 2010 rate of 9.8%. So, as I said, it's over.

What follows in rebuttal isn't a claim that Obama won't get reelected. But if he does, it will be certainly be for reasons other than the economy's (brace yourself) "brighter jobs picture" and its move into a "virtuous cycle." Excerpts from Wiseman's wheezing follow the jump (bold is mine; HT to BizzyBlog commenter "Tony"): 

By Tom Blumer | April 30, 2012 | 4:07 PM EDT

On Friday evening, it was Christopher Rugaber and Paul Wiseman. Today it's Martin Crutsinger. Together with Derek Kravitz (who isn't in on the latest offense -- yet), perhaps the just-named quartet of alleged journalists should be named "The Four Distortsmen."

Today, it was Crutsinger who, in the wake of a mediocre report on consumer spending, again invoked "government budget-cutting as the primary culprit explaining why the economy only grew by an estimated annualized 2.2% during the first quarter:

By Tom Blumer | April 28, 2012 | 11:34 AM EDT

In the first quarter of 2012, the federal government spent $966 billion. That's 10% more than the $877 billion spent during the previous quarter, and 2% more than the $949 spent during the first quarter of 2011.

Yet the party line Friday evening from Christopher Rugaber and Paul Wiseman at the Associated Press, aka the Administration's Press, is that economic growth in the first quarter, which the government preliminarily told us yesterday was an annualized 2.2% (trailing consensus estimates of 2.6%), was so mediocre because of "government budget-cutting." A closer look indicates that if anything, they should have tagged it as defense budget-cutting and never did; the rest of government spending continues to balloon out of control. The pair's opening six paragraphs follow the jump.

By Tom Blumer | April 22, 2012 | 3:27 PM EDT

It has become clear what the Obama campaign's strategy for trying to win states like Michigan and Ohio is and will continue to be. In three steps, it's as follows: 1) Pretend that the states' Republican governors, John Kasich in Ohio and Rick Snyder in Michigan, who both succeeded free-spending Democrats who presided over stagnant economies, have had nothing to do with their increased employment, lower unemployment rates, and improved business climates (as well as balanced budgets in fiscal 2012 involving no tax increases, though Snyder may ruin that in Michigan this year); 2) Instead give the credit for all of these favorable developments to Obama and the governments' bailouts of Chrysler and General Motors; 3) Don't say anything about how other states run by Dems, particularly Illinois, North Carolina, and Connecticut, are lagging because they have instead tried to apply Washington's tax-and-spend model to their states' fiscal situations.

Of course the AP, aka the Adminisitration's Press, is all too willing to make the administration's laughable claims appear credible. It did so in two separate items this week, one giving basic details about the job-market situations in Ohio, Michigan, and North Carolina, and the other covering Obama allegedly improving chances of winning Ohio, Michigan, and a dozen other "swing" states. There was no mention of the Buckeye State's or Wolverine State's chief executives in either article.

By Tom Blumer | April 9, 2012 | 11:48 PM EDT

On Friday (covered at NewsBusters; at BizzyBlog), the Associated Press's headline at Paul Wiseman's dispatch after the release of the government's March jobs report was: "US job market takes a break after hiring binge." It was as if they just knew that March was an aberration, and that the "binging" would resume in April.

The markets weren't as convinced today: "Investors had a three-day weekend to brood over disappointing job growth in March. When they got back to work Monday and delivered their verdict, it wasn't good." Wiseman and AP regrouped today, identifying "5 reasons the US job market might be weakening":

By Tom Blumer | April 7, 2012 | 12:46 PM EDT

Did you know that the economy was on a "hiring binge" until February? Gosh, neither did I until the headline to Paul Wiseman's report at the Associated Press yesterday afternoon informed of that.

I also didn't know that economies took breaks, but that's what the AP's headline said the economy did in March. And don't worry -- "few economists expect hiring to fizzle in spring and summer, as it did the past two years." Correct me if I'm wrong, but they weren't expecting to see fizzling in 2011 or 2010, and guess what happened (or maybe they were just extended "breaks")? What follows are the first five paragraphs from Wiseman's dispatch, plus selected others:

By Tom Blumer | April 6, 2012 | 8:33 PM EDT

It would seem that Paul Wiseman at the Associated Press had his copy prepared in advance for today's jobs report.

The consensus was that today's report from Uncle Sam's Bureau of Labor Statistics would show that 200,000 seasonally adjusted jobs were added in March. So it was a virtual lock that today's result would mean that the past four months were the best for net hiring in the past two years. Accordingly, after the report's release, Wiseman, despite the disappointing news that March's number was only 120,000, apparently just plugged in the four-month total and ran with it:

By Tom Blumer | January 8, 2012 | 10:46 AM EST

Even with recent "improvements" which are still weak when compared to other post-World War II recoveries and which, as shown yesterday (at NewsBusters; at BizzyBlog), are less substantive than December's two major reported numbers (unemployment rate of 8.5% and seasonally adjusted job additions of 200,000) would indicate, it seems fairly likely that the nation's unemployment rate will be higher than it has been on the eve of any presidential election since World War II.

Thus, Paul Wiseman of the Associated Press, aka the Administration's Press, felt it necessary to show that what matters isn't the unemployment rate, but instead the rate's trend. In the process, he mischaracterized the state of the economy under Ronald Reagan in 1983 and 1984, ignoring the roaring economic growth which occurred during those two years, and gave only one sentence to a statistic -- number of jobs added or lost -- which has become as important as the jobless rate, if not moreso, in the intervening 28 years:

By Tom Blumer | January 7, 2012 | 10:43 AM EST

The headline New York Times (HT Clay Waters at NewsBusters) after yesterday's job report was: "U.S. Economy Gains Steam as 200,000 Jobs Are Added." At the Associated Press: "Nation adds 200,000 jobs in December hiring surge."

Telling millions of news consumers that it's so doesn't make it so.

By Tom Blumer | August 3, 2011 | 9:33 PM EDT

If we're to believe Paul Wiseman and David K. Randall at the Associated Press in their Wednesday afternoon report on the economy, all of the alleged solutions which might shake the U.S. economy out of its weakness either aren't available or no one has the will to try them: stimulus, infrastructure projects, jobs programs, or another round of quantitative easing. Oh, and governments are damaging the economy by "cutting at all levels."

There's nothing, they tell us -- nothing! -- besides those supposed tried and true prescriptions which could possibly improve things. To them, everything that happened in the 1980s under Ronald Reagan must be a mirage, a fairy tale that never happened. As a result, they note, our economy is starting to resemble Japan's. The fact that Japan has been in its current malaise since the 1990s because of rampant overstimulation just doesn't compute to them.

By Tom Blumer | July 30, 2011 | 9:31 PM EDT

The AP's coverage of the U.S. economy late Friday focused on high gas prices as the dominant, uh, driver of this year's anemic growth both visually and in its text.

As will be seen after the jump, the graphic at the AP's national site is of a gas price sign. The final sentence in the caption of the full-size version reads "High gas prices and scant income gains forced Americans to sharply pull back on spending."

The underlying report by Christopher Rugaber and Paul Wiseman predictably mentioned gas prices first and foremost, tagged debt-ceiling negotiations as a suddenly important contributor to economic uncertainty (where have they been while President Obama, his cabinet, his czars, and his hyperactive regulators have been injecting uncertainty in megadoses during the past two years?), and relayed Ben Bernanke's months-old warning that cutting back too much on government spending would hinder economic growth:

By Tom Blumer | July 9, 2011 | 8:46 PM EDT

While Associated Press Economics writers like Christopher Rugaber and Paul Wiseman, as seen in a post this morning (at NewBusters; at BizzyBlog), talk of "baffled economists" and a job market that is "defying history," one AP writer, in discussing stocks which have done well in this economy, has revealed what employment prospects really are with quite un-baffling certainty from the point of view of those who have to put their money where their expectations are, i.e., investors.

The wire service's Bernard Condon cited a pawn shop operator, a payday lender, a debt-collection firm, and a rent-to-own outfit as companies which have outperformed the market and are expected to continue doing so. The reason for the expectation is found in the title of this post, which is also seen in the following excerpt from Condon's composition: