Economy

The Dow Jones Industrial Average dropped by over 1,000 points by Thursday's closing and the folks at ABC News were eager to place the blame on someone during World News Tonight. That someone, of course, was President Trump and the much welcomed GOP tax cuts, which were responsible for generous bonuses and wage increases across the country.

On Monday, shortly after President Trump asked two employees at a suburban Cincinnati manufacturer to describe their plans for the $1,000 bonuses they had received, MSNBC's Katy Tur ridiculed them on Twitter. Tur considered $1,000 a pittance, and contended that the bonus money wouldn't genuinely help the employees involved achieve their stated goals. On Wednesday, Tur responded poorly to the…

Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That's a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017 -- our gross domestic product -- totaled about $19 trillion.

Two nights before the Philadelphia Eagles took home its first Super Bowl trophy, the networks were far more focused on stories related to the big game than to one measure of the U.S. economy. So pre-game stories still outranked the strong jobs report nearly 5-to-1.

When the Dow Jones Industrial Average closed down nearly 1,200 points on Monday, the three major network news outlets (ABC, CBS, and NBC) dedicated nearly 10 minutes of combined coverage to the drop when they began their evening broadcasts. 24 hours later, the market bounced back and closed with a 500-point rebound, but the networks spent roughly half as much time on the positive news.

Throughout the day on Tuesday, MSNBC’s anchors and correspondents lectured President Trump on the perils of touting a surging stock market, in the wake of Monday’s losses. However, all of the journalists at the liberal cable channel seemed to forget how often Barack Obama similarly took credit for stocks being on the rise during his administration.

While the early February market pullback has spooked some investors and already gained plenty of media attention, it illustrated all too well the broadcast networks’ tendency to cover bad economic news more than good. The networks skipped the vast majority of records as the market climbed throughout 2017 and the beginning of 2018.

The Dow Jones Industrial Average closed Monday roughly 1,100 points down after dropping by nearly 1,600. The percentage lost was not record-setting, but that didn’t stop the liberal media from slapping President Trump with it since he often touted the markets as a sign his policies were working. The Big Three networks led their evening newscasts with the story. NBC’s stood out as the most…

Democrats have been slamming House Speaker Paul Ryan after he deleted a tweet touting an AP story, in which a school secretary explained that she got a nominal raise because of the GOP tax bill. Because the amount was so small, or “crumbs” as Nancy Pelosi would put it, Democrats bashed Ryan and Republicans for daring to celebrate Americans getting more money in their paychecks.  

With the Dow Jones Industrial Average taking another nosedive on Monday, the MRC’s Rich Noyes joined Neil Cavuto’s eponymous Fox Business Network program to discuss the findings of a study by MRC Business’s Julia Seymour that found a massive double standard from the major broadcast networks on stock market increases vs. tumbles.

When the Dow Jones Industrial Average “nosedived” by nearly 666 points on Feb. 2, it got plenty of network attention. In fact, it got more coverage than the two huge Dow milestones that preceded it — combined. Although that one-day selloff was a 2.5 percent drop which followed huge gains, the networks emphasized the “worst week for stocks in two years.” ABC World News Tonight with David Muir,…

As to be expected, the liberal hosts at ABC’s The View were less than thrilled by President Trump’s State of the Union last night. Since co-host Joy Behar was out sick, host Sunny Hostin took the mantle giving the hysterical anti-Trump take, decrying the “very offensive” speech that “demonized immigrants,” on the show’s January 31 episode.

Those who linger at the The New Yorker magazine's website eventually see a splash advertising its dedication to "fighting fake stories with real ones." Staff writer John Cassidy's ridiculous assertion that "George Soros Upstaged Donald Trump at Davos" shows that this is clearly false advertising.

Since the campaign trail, President Donald Trump has made an economic turnaround and prosperity a top priority. But the network news media have not made covering economic news one of theirs. Too often the networks focused on less important stories, such as Amazon’s unique “reinvented” office space called “The Spheres,” and skipped key economic news.