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Matthews Claims Americans View Economy Poorly Due to 'Negative Ads'
Americans think the economy and ObamaCare are terrible because of Republicans’ “negative advertising” according to MSNBC and The New York Times. Monday night’s Hardball with Chris Matthews held a discussion between the host and Times’ reporter Andrew Ross Sorkin, where they echoed President Obama’s sentiment that Americans only thought badly about the economy and ObamaCare because of the GOP’s…
Broadcast Networks, Hispanic Media Bypass Weak Economic Growth
Business
The U.S. economy slowed down so much last quarter that even Europe’s economy grew faster. But if you just watched the broadcast networks’ and Hispanic media’s evening news programs, you wouldn’t have known that.
The U.S.’s real gross domestic product (GDP) only rose at a 0.5 percent annualized rate in the first quarter of 2016, marking the lowest rate since the first quarter of 2014. Even in the…
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Nets: May Day Riot Began as ‘Peaceful’ Protest for ‘Worker Rights'
On Monday, all three network morning shows covered the violent May Day rioting that broke out across Seattle on Sunday. However, the NBC, ABC, and CBS broadcasts made sure to tout how “the march began as a peaceful demonstration for the rights of workers and immigrants.” No liberal labels were used to characterize the protesters and the reporters avoided explaining the Communist roots of the day.
Media Fail: Bloomberg News Goes After Contrarian Blog, Beclowns Itself
That the establishment press despises New Media isn't exactly breaking news, but a lesser-known subset of that tension has just become more visible. As usual, an Old Media outlet is the smear merchant, and the New Media site has the upper hand on the truth.
Mainstream business journalists really despise the financial and economics blogs which puncture the insufferable "the economy is just fine"…
Imagine That: 'Anti-Corporate Rhetoric' Affects the Economy
On Thursday, shortly after the government estimated that the economy only grew at an annual rate of 0.5 percent in this year's first quarter, Jeffry Bartash at Marketwatch.com commented on the especially weak performance in nonresidential business investment.
That category subtracted 0.76 points from GDP, the worst result since the second quarter of 2009, during the recession. Bartash,…
Broke Socialist Paradise Venezuela Can't Pay to Have Its Money Printed
Venezuela's hyperinflationary economic crisis has gotten worse in one very important and apparently unprecedented sense than even the one seen in Weimar Germany in the 1920s. Yet the Associated Press and the New York Times apparently have no interest in telling their readers, listeners or viewers about it.
In the post-World War I German Weimar Republic, the situation became so out of control…
Not News: $4 Trillion in Annual GDP Growth Lost to Regulations
The editorialists at Investor's Business Daily have reported on the results of an important study by several George Mason University Mercatus Center economists showing what regulations have cost the economy in economic growth since 1980. The establishment press, which has been singularly uninterested in reporting anything that has to potential to slow the regulatory leviathan down — y'know,…
Blogger Blasts Bernie’s ‘Right-Wing’ Position on Philly Soda Tax
New York magazine’s Jonathan Chait admires Bernie Sanders’s willingness (eagerness?) to raise taxes so as to “finance the kind of social benefits American liberals would prefer.” That’s why Chait is disappointed that Sanders opposes Philadelphia’s proposed three-cents-per-ounce tax on sugar-sweetened drinks, revenue from which would fund citywide pre-kindergarten and other programs.
In a Tuesday…
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CNN's Camerota Hounds Fiorina Over Outsourcing, 'Stunt' Role
CNN's Alisyn Camerota tossed mostly hardballs during her interview of Carly Fiorina on Thursday's New Day, especially on the issue of outsourcing. Camerota first cited how the former HP executive was "very honest about the jobs...[she] outsourced" back in 2004, and wondered, "Do you fear that your take back then — and the outsourcing — will come back to haunt you in Indiana?" The anchor followed…
Bloomberg: As 'Microscopic' Growth Looms, Lower Your Expectations
Just in time for tomorrow's first-quarter economic growth announcement from the government, Bloomberg Businessweek's Economics Editor is telling readers: "Don't Sweat America's Upcoming Microscopic GDP Growth."
Besides, Peter Coy writes, people need to get used to the supposedly inescapable fact that "Normal growth for the U.S. economy is just a lot lower than it used to be." Americans shouldn't…
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Not News: Hillary Promising to 'Go Further' Left Than Obama
Search for "go further" and "Hillary Clinton" for recent news on the Democratic Party's frontrunner, and you won't find any establishment press coverage.
This is disappointing but not unexpected. The establishment press continues to run interference for her, and reporting that Mrs. Clinton will "go further" (to the left, of course) on a number of issues than Barack Obama has while he has been…
Daily Beast Pundit: 'Public Opinion' Has Pushed Dems to the Left
Republican politicians, more than their Democratic counterparts, tend to campaign on anti-Washington themes. That’s kind of odd, suggests Michael Tomasky, given that one of Washington’s quintessential institutions, Congress, helps the GOP by playing a crucial role in obscuring the American people’s fondness for liberal socioeconomic policies.
“If Congress is what you see when you see America,”…
Delusional AP Treats Awful Economic Report as ‘Rebound’
Today's stories at the business wires covering this morning's disastrous durable goods report from the Census Bureau ranged from good to absolutely horrid. March orders only increased by a seasonally adjusted 0.8 percent, less than half of the 1.7 percent to 2.0 percent increase that was expected. Additionally, February's originally reported decline of 2.8 percent was revised down to -3.1 percent…
Obama Takes Credit For 'Saving World Economy From a Great Depression'
If what Barack Obama contended in London, England on Saturday was obviously true, I suspect that the establishment press would be broadly proclaiming it and looking back at the President's wonderful work.
What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense, but he's clearly beginning to lobby for it to become the…
