AP Blows The Deficit Reporting, Part II: The Invisible April Receipts
In Part I (at NewsBusters; at BizzyBlog) of my coverage of Martin Crutsinger's Associated Press report about Uncle Sam's Monthly Treasury Statement and the Obama administration's deficit projections, I noted that the government "miraculously" shrunk the deficit through March, the first six months of its fiscal year, by $175 billion, by employing an "accounting change." Even though this "…
More Old Media Hypocrisy on Palin's Book Deal
As Geoffrey Dickens reported earlier, Chris Matthews attacked Goveror Sarah Palin for hiring a ghostwriter for her upcoming book deal. In like fashion, Mark Silva of the Chicago Tribune's The Swamp Blog has also gotten into Laugh-at-Palin's-book mode and you can bet that this will be the scoff du jour among the left-media. But, the thing that proves the Old Media's hypocrisy and partisanship is…
AP Blows The Deficit Reporting, Part I: The $175 Billion (Yawn) Accoun
You have to see this to believe it, and even then you'll have a hard time believing it. It's the Obama administration's deficit reduction program, otherwise known as "change the accounting." Here is what the Monthly Treasury Statement (MTS) from Uncle Sam looked like in March: Here is the report for April:
Omission Watch: ABC, CBS and NBC Ignore Pelosi’s Torture Hypocrisy
For the past three weeks, controversy has swirled around Democratic House Speaker Nancy Pelosi, who has called for a “truth commission” to expose the supposed war crimes of the Bush administration but who herself was briefed years ago on the use of waterboarding and the other enhanced interrogation techniques that are now drawing howls of outrage.ABC, CBS and NBC have said nothing about the…
MSNBC's Andrea Mitchell Portrays Sex Columnist as Expert on Catholic C
Anchor Andrew Mitchell presented radical homosexual activist Dan Savage, most famous for licking doorknobs in the campaign office of Republican Gary Bauer in an attempt to infect him with the flu, as an expert on the Catholic Church and Catholic issues during her MSNBC program on Wednesday afternoon. She introduced Savage, who writes a graphic sex-advice column called “Savage Love,” as the “…
Contessa Brewer Calls Carrie Prejean A 'Hater
Once upon a time, the press was virtually obsessed with the “with us or against us” foreign policy stance of the Bush presidency. Pundits swung from rhetorical chandeliers, screaming that such a dichotomous approach would alienate the rest of the world - that our “arrogance,” as they called it, would thin our list of allies dramatically.But that doesn’t seem to apply to the media when the matter…
Name That Party: Opportunistic Hartmarx-Wells Fargo Dems Aren't ID'd
It is disappointing, but not at all surprising, that the Democratic Party affiliation of the politicians involved in the union-driven campaign to force Wells Fargo Bank not to liquidate the Chicago-area operations of Hartmarx, the high-end clothier which has made suits for President Obama, has not been noted in the vast majority of stories I have reviewed about ongoing developments there. The two…
WSJ: Treasury's Stress Test Results 'Negotiated' -- Not To Mention Arb
It's a whole new wrinkle on the old joke about accountants (when asked what 2 + 2 is, he or she replies, "What do you want it to be?"). The Wall Street Journal reported yesterday that the reported results of the financial institution stress tests were negotiated: Banks Won Concessions on Tests Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells The Federal…
Lost in Translation: Biz Press Reports Dollar Amounts of Toyota's Loss
Here are the first two paragraphs of Toyota Motor Corporation's press release announcing its financial results for the year ended March 31, 2009 (most Japanese companies end their fiscal years on March 31; bolds are mine): Tokyo - TOYOTA MOTOR CORPORATION (TMC) today announced operating results for the fiscal year ended March 31, 2009. On a consolidated basis, net revenues for the fiscal year…
CNN Treats Radical Father Pfleger as Less Controversial Than TV Priest
Two Catholic priests who appeared as guests during back-to-back segments on Thursday’s No Bias, No Bull program were treated noticeably differently by CNN’s on-air personalities. Father Michael Pfleger of the Archdiocese of Chicago, who is best known for his racially-charged rhetoric against Hillary Clinton during the 2008 Democratic presidential race, as well as his defense of former Obama…
Chris Matthews Omits Party Label of Prudish Congressmen Calling for Vi
Chris Matthews just can't get it up. The Democratic Party label that is.On the May 8 "Hardball", the MSNBC anchor noted in his Political Sideshow segment that Reps. Jim Moran (Va.) and Bob Brady (Pa.), are up in arms about erectile dysfunction drug ads running on television and are sponsoring legislation before the House to ban television stations from running ads for drugs like Viagra and…
Obama's 'Small Biz Owner' No Stranger to Government Programs - or Dem
This morning's remarks by Barack Obama on the latest unemployment figures included the usual self congratulations we've come to expect from The One. CBS News quotes him as saying:Such hard-working Americans are why I ran for President. They're the reason we've been working swiftly and aggressively across all fronts to turn this economy around; to jumpstart spending and hiring and create jobs…
IL Treasurer’s Intimidation of National Bank, and Union's Invocation
Shoot, he's only talking about pulling $8 billion in state-controlled money because a bank won't go easy on a business borrower who can't pay. What's the big deal? Well, the story involves the company that makes suits for President Barack Obama (pictured at right). Beyond that, the union at that company is citing the US Treasury Department's Troubled Assets Relief Program (TARP) as a reason that…
Memo to Clueless Media: Obama's $17 Bil in 'Cuts' Aren't Real Spending
President Obama today announced $17 billion in "spending cuts" Thursday. Here are the substantive early paragraphs of the the Associated Press's coverage of what the President had to say: Obama sent Congress a detailed budget Thursday proposing to eliminate or trim 121 programs and save $17 billion next year — not a trifle, for sure, but only about half of one percent of the $3.4 trillion in…
