Peter Wallison

AP, As Obama Prepares to 'Lay Claim to an Economic Turnaround': 'The Economic Scorecard Is Mixed'
By Tom Blumer | September 14, 2013 | 12:44 PM EDT

I guess we should acknowledge a tiny improvement when an ordinarily in-the-tank apparatchik like Jim Kuhnhenn at the Associated Press expresses even the slightest bit of skepticism about a White House claim.

But let's not take it too far. Kuhnhenn is reporting in a brief "Big Story" item this morning that President Obama "is laying claim to an economic turnaround and warning Republicans not to risk a backslide by threatening a government shutdown or a debt default." Kuhnhenn's skeptical points are that "The economic scorecard is mixed. ... Growth has been tepid and unemployment remains high." His five-paragraph report, reproduced in full for fair use and discussion purposes, follows the jump.

Media Neglect: Populist Rage Aimed at Wall Street as Democrat-Controlled GSEs Ignored
By Jeff Poor | April 28, 2010 | 1:19 PM EDT

As congressional Democrats press on with their attempts to get financial legislation reform passed, a key component has been lacking from the debate: how to handle the government-sponsored enterprises Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE). 

Although some Republican lawmakers have cried foul over the fact nothing has been included in a bill sponsored by Senate Banking Committee Chairman Sen. Chris Dodd, (D-Conn.), President Barack Obama's administration has vowed to pursue reforming the GSEs ... eventually. 

However, despite a long history of alleged corruption, close ties to the current administration and a recent $10-billion extension of "emergency aid" to Freddie and Fannie in the deadest possible part of the news cycle, these two entities have gone relatively unnoticed by the news media, with a lion's share of the spotlight given to Wall Street bogeymen like Goldman Sachs (NYSE:GS).

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