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ABC Ignores Jobs Report and Low Unemployment, Hypes Global Warming
Business
The U.S. unemployment rate dropped to the lowest level in seventeen years, according to the Bureau of Labor Statistics’ October jobs report. The report also showed 261,000 jobs added, but ABC didn’t bother covering the good economic news on Nov. 3. World News Tonight ignored the report, but found time to cover a study blaming fossil fuels for “man-made” global warming.
CNN, Other Media: Trump Doesn't Know Japanese Produce Cars in the U.S.
At CNN, disgraceful journalism has become so routine that we now expect it to be the rule rather the exception. Even in that context, Daniel Shane's claim at the networks CNNMoney website, manufactured with selective editing, that President Donald Trump doesn't know that Japanese companies already build cars in the U.S., is especially risible.
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ABC Touts Fake News Poll About Tax Plan...Taken Before It Was Released
On Friday, ABC’s Good Morning America touted a new ABC News/Washington Post poll claiming that a majority of Americans oppose the Republican tax plan that was announced on Thursday. The only problem was that the survey was conducted October 29 through November 1, meaning that any questions about tax reform were asked before the GOP actually released the legislative proposal.
Of Course: Nets Silent as GDP Defies Expectations
Business
The U.S. economy maintained strong growth according to the latest government estimates in the latest example of good economic news. The Bureau of Economic Analysis announced on Oct. 27, that the first estimate of third quarter growth was 3 percent. There are two revisions to come before the end of 2017. But it remained positive news, especially since the BEA also confirmed that second quarter…
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Boom: Trump Economist Blasts CNN’s Lib Attacks on Tax Plan
On Sunday's Fareed Zakaria GPS show, the host peddled the long-discredited mythology that the Reagan and Bush 43 supply-side tax cuts caused annual budget deficits to explode. Zakaria interviewed former Treasury Secretary and Obama economic adviser Larry Summers and current Trump administration Council of Economic Advisers head Kevin Hassett, but he did so separately, thus teeing up Summers to go…
Time: Trump's Cabinet Is 'Dismantling Government As We Know It'
The most recent cover of Time Magazine — or I should say what's left of it, given its parent company's recent decision "reducing ... circulation and frequency" of the formerly iconic publication — calls President Donald Trump's cabinet "The Wrecking Crew" on a mission of "dismantling government as we know it." Separate reports singled out EPA Director Scott Pruitt, Education Secretary Betsy DeVos…
Bloomberg, Quartz Waste Readers' Time on Trivial Renewables Job Growth
It would be hard to find an example of a story covering an aspect of business and the economy more pathetic than Jordan Yadoo's report on the government's biennial 10-year employment growth projections published at Bloomberg News on Tuesday.
A Taxing Situation
Federal income tax was first introduced under the Revenue Act of 1861 to help defray war costs. Congress repealed the tax in 1871 when the need for government revenue declined, only to restore it in 1894 as part of the Wilson-Gorman Tariff Act. The public policy debate surrounding the constitutionality of income tax has been going on ever since.
AdAge Writer Tries to Downplay NFL's Ratings and Attendance Slides
Last week, Anthony Crupi at AdAge.com was either willfully ignorant or deliberately deceptive when he claimed that the size of the National Football League's TV ratings decline is inconsequential. Crupi also appears to be quite wrong in contending that actual game attendance — not reported attendance, but "turnstile" attendance — during the 2017 season is only barely down compared to last year.
ABC, CBS Censor Dow 23K, Only NBC Reports
Business
The Dow Jones Industrial Average surged to more new records on Oct. 17 and 18, crossing 23,000 points for the first time during a trading day then closing above 23K for the very first time the next day.
Who Pays What in Taxes?
Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation. Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich. Let's look at who pays what, with an eye toward attempting to answer this question: Are the rich paying their fair share?
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NBC Amazed by Stock Surge Despite ‘Chaos in Washington’
While covering the stock market milestone of the Dow surging past 23,000 on Tuesday, the cast of Wednesday’s NBC Today seemed surprised that the economy could be doing so well despite all the “chaos in Washington” being created by President Trump.
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Morning Joe: 'Nothing Conservative' About Values Voter Summit
In a series of bizarre comments on Monday’s Morning Joe, Joe Scarborough made the case that the recent Values Voter Summit in Washington D.C. had no true conservatives present. In order to support this assertion, Joe extensively used liberal talking points, including ones about the GOP’s tax reform plan. Joe ended up claiming that Trump’s administration might raise the national debt up to $35…
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NBC’s Today Finds the Secret to Happiness: Socialism!
On Monday, NBC’s Today finally discovered the elusive secret to happiness – European-style socialism. While taking a bicycle tour of Copenhagen with National Geographic’s Dan Buettner, correspondent Cynthia McFadden proclaimed: “For 40 years Denmark has ranked as one of the happiest places on Earth....the Danes make life less stressed and more joyful.”
