AP Touts 'Improved' Fiscal '15 Deficit, Ignores Record Taxes, Spending
Over at the Associated Press, Andrew Taylor, contrary to the wire service's usual practice, referenced a pre-official Congressional Budget Office report to tout the federal government's "improved" budget deficit. The CBO estimates that the deficit, which won't become official until the Treasury Department releases its final Monthly Treasury Statement of the fiscal year in the next week or two,…
Video
Jay Leno Returns to Tonight Show to Pan the Economy, Hillary, O’Malley
Promoting his new car show set to premiere Wednesday night on CNBC, Jay Leno made his return to NBC’s The Tonight Show on Tuesday night to give a portion of the opening monologue. He poked fun at Hillary Clinton, Martin O’Malley, Republicans, ObamaCare, and the economy to name a few targets.
Video
ABC’s Stephanopoulos Repeatedly Hits Trump from Left on Taxes
On Sunday’s This Week, ABC’s George Stephanopoulos repeatedly hit GOP presidential frontrunner from the left over his tax plan, chastising Trump for his plan which Stephanopoulos claimed would mainly benefit the rich. Stephanopoulos demanded the Republican candidate explain why taxes should be cut at all and zeroed in on how the plan would personally benefit Trump: “Bottom line, you do accept…
Press Yawns As PR Firm Flaks for Venezuela's Oppressive Government
Venezuela's Nicolas Maduro presides over a country which is falling apart thanks to the socialist policies of his government and that of his predecessor Hugo Chavez. The Economist describes the period since Chavez took over in 1998 as that of "authoritarian misrule" characterized by "by shortages of everything from poultry to pharmaceuticals, by inflation approaching 200% and by rampant…
Raw Jobs Numbers the Press Won't Disclose Paint an Even Uglier Picture
In their coverage of government and other economic reports, the business press routinely tells readers that the figures they are relaying are "seasonally adjusted." That is, raw results are smoothed out to supposedly "remove normal, recurring variations" in data.
There's one notable exception: The government's monthly employment report.
Not News: 10-Month Streak of Year-Over-Year Factory Activity Declines
Although it was very disappointing, the September Employment Situation Summary, which told us that the economy added only 142,000 seasonally adjusted jobs as hundreds of thousands of Americans withdrew from the labor force, was not the worst economy-related news of the day.
That dubious honor belongs to the Census Bureau's Factory Orders report. At least the employment report showed more people…
Blogger: GOP Unique In Its Anti-Government ‘Virulence’
Asked to name something that stands alone, a lot of people would say, “The cheese.” To New York magazine's Jonathan Chait, another reasonable answer is “the Republican party,” at least in regard to global warming specifically and hatred of government in general.
Chait’s main point is that the GOP is extremist not only in an American context but also by international standards: “Of all the major…
Video
Kimmel Finds Hillary Supporters Like Trump's Tax Plan
Business
A few Hillary supporters just learned an important lesson about paying attention to your candidate’s policies.
Following the announcement of Republican presidential candidate Donald Trump’s tax plan, late night TV host Jimmy Kimmel set out to find whether voters paid any attention to details.
Video
CBS Uses Lib Group Passed as ‘Non-Partisan’ to Bash Trump's Tax Plan
Tuesday’s edition of the CBS Evening News used a liberal tax group, passed off as “non-partisan,” to bash, from the left, Republican presidential candidate Donald Trump’s tax plan. Trumpeting the “non-partisan Tax Policy Center,” chief White House correspondent Major Garrett used multiple soundbites from senior fellow Howard Gleckman to hype that “an independent analysis says Trump's plan would…
Not News at AP: Pending Home Sales Index Hits Lowest Level in 5 Months
August's seasonally adjusted Pending Home Sales Index value contained in the related press release from the National Association of Realtors was the lowest in the past five months, and 2 percent below April's level.
Disclosing the size of the recent slump apparently wasn't considered important at the Associated Press, aka the Administration's Press. What was news at AP, whose Josh Boak…
Video
Hillary: I'll 'Impose Much Harsher Restrictions' Under Dodd-Frank
Wait a second: wasn't it just this month that Hillary's handlers announced they were going to have her show a warm 'n fuzzy side, with more "heart?" So who was the genius who coached Clinton to announce that as president she would "impose much harsher restrictions" on financial institutions under Dodd-Frank?
She'll "impose much harsher restrictions?" Brr! Isn't that the Stone Cold Hillary…
Video
Tim Allen, Sean Hannity Slam Feds on Spending, Political Correctness
Promoting the new season of his ABC sitcom Last Man Standing, actor and Republican Tim Allen joined Thursday’s Hannity on Fox News Channel (FNC) to blast the federal government over reckless spending, the national debt, and a culture of political correctness that he tries to rebuke on the show where he plays “a very smart Archie Bunker.”
AP's Reported 'Fastest Pace' in Home Sales in Seven Years Really Isn't
Thursday morning at the Associated Press, aka the Administration's Press, Christopher Rugaber opened his coverage of the Census Bureau's New Residential Sales report as follows: "Buoyed by steady job gains and low mortgage rates, Americans purchased new homes in August at the fastest pace in more than seven years."
Sorry, pal, it was the "fastest pace" in — wow — three months. The bureau's not…
Video
ABC Relegates Pope’s Comments on Life, Marriage Vague References
In the litany of network news coverage Thursday night on Pope Francis’s address to Congress, ABC’s World News Tonight largely stayed away from the Pope’s comments about abortion and traditional marriage by relegating them to vague references while CBS and NBC did their due diligence and mentioned them amidst their continued obsession over the Pope’s liberal positions.
