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CNBC Hosts Shocked by Guest's Unwelcome Economic Forecast
It wasn't what CNBC hosts Simon Hobbs nor Sarah Eisen expected or wanted to hear. In stark contrast to the upbeat Federal Reserve forecasts, Steven Ricchiuto, chief economist of Mizuho Securities weighed in with a distinctly glum picture of the near future.
NYT Takes Front-Page Swings at Hillary, Jindal From Economic Left
On successive front pages Saturday and Sunday, the New York Times hit from the left presidential prospects from each party: liberal Democrat Hillary Clinton and Bobby Jindal, the conservative Republican governor of Louisiana.
Gallup CEO Blasts Press's Complacency in Covering Unemployment
Yesterday, in a column at his organization's web site, the head of the nation's leading polling organization called the government's official unemployment rate, currently at 5.6 percent, a "big lie."
Rest assured that if Gallup Inc. Chairman and CEO Jim Clifton had written this column during a Republican or conservative administration, his words would have been picked up by the Associated Press…
AP on Potential GDP Revisions: Heads They Report, Tails They Ignore
On Friday, the government reported that the nation's economy, as measured in its real gross domestic product, grew at an annual rate of 2.6 percent during last year's final quarter, sharply trailing analysts' consensus predictions ranging from 3.0 percent to 3.6 percent.
As is the case after the first version of every GDP report, economy watchers have been trying to estimate the effect other…
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NBC: Obama's Massive Budget Is 'Aimed at Helping the Poor'
ABC's Good Morning America on Tuesday ignored the massive new budget proposed by Barack Obama (and the tax increases contained within). NBC's Today, despite four hours of air time, allowed a scant 23 seconds. But in that brief period, news reader Natalie Morales spun, "President Obama unveiling a record $4 trillion budget on Monday aimed at helping the poor and middle class."
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After Rapping Rand for Shushing Reporter, Scarborough Shuts Down Guest
Rand Paul to reporter: "Calm down a bit here, Kelly. Let me answer the question." Joe Scarborough to guest: 'Let me finish my sentence and then you can be a condescending liberal Emanuel." The two responses sound similar, don't they? Two guys getting frustrated by their interlocutors' interruptions.
The irony is that Joe Scarborough devoted a segment on today's Morning Joe to rapping Rand Paul…
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Abby Huntsman: GOP ‘Considered the Jerks’ For Wanting Spending Cuts
On Monday, President Obama released his 2016 budget, which calls for increased spending and raising taxes, and on MSNBC’s The Cycle, so-called conservative co-host Abby Huntsman did her best to scold the GOP for opposing the tax-and-spend Obama budget. Speaking to Lauren Fox of National Journal, Huntsman proclaimed that Republicans’ “big thing is we’ve got to cut spending, this is not something…
Worse Than Seattle’s Super Bowl Call? The Media’s Calls on Government
The Seattle Seahawks yesterday - in a moment of profound foolishness - forsook Beast Mode for Least Mode. And it cost them the Super Bowl. But they can take ever so slight solace - the Media has been in Least Mode for decades.
This has been on prominent display throughout the Barack Obama Administration - and certainly when it comes to the Administration’s many, MANY unilateral power grabs…
Gore Hardest Hit: 'Car of the Future' to Have Combustion Engine
At the recent meeting of the world's elites in Davos, former U.S. Vice President Al Gore and former Mexican President Felipe Calderon circulated a proposal to ban cars in all major cities in the world by dense-packing their layouts. The cost, as I noted on Monday: a mere $90 trillion (that's right, trillion). It's telling in a foreboding sense that the pair's idea wasn't laughed off the continent…
AP, WSJ Reactions to Friday's GDP Report Vary Sharply
Yesterday's government report on the economy's growth, which told us that the nation's gross domestic product grew at an annual rate of 2.6 percent during the fourth quarter, sharply underachieved analysts' expectations of an annualized 3.0 percent to 3.6 percent. The stock market clearly reacted negatively to the downside surprise. Bloomberg's take at the end of the day: "U.S. stocks fell Friday…
For Once, AP Skeptical of Dems' Over-the-Top Claims About the Economy
Even Charles Babington at the Associated Press, for once not the completely beholden Administration's Press, seemed to be having a hard time buying what Democrats at a meeting in Philadelphia were selling. Unfortunately, he decided to let Joe Biden's direct contradiction of his party's congressional delegation's sunnyside-up stance on the economy go unreported.
In a video carried at the Weekly…
Bloomberg Praises Home Sales Spike, Despite Prior Downward Revisions
If someone fools you once, shame on them. If they fool you with the same trick a second time, shame on you. If they "fool" you a third time — well, you must be in on it.
That's my take on Bloomberg News's virtually euphoric reaction to yesterday's new-home sales release from the Census Bureau. The wire service's Shobhana Chandra celebrated how seasonally adjusted December sales were at "the…
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WashPost's Milbank: Obama On Track to Be As Popular As Reagan
On MSNBC's PoliticsNation on Tuesday, host Al Sharpton touted liberal Washington Post columnist Dana Milbank making a "bold prediction" about the remainder of Barack Obama's presidency: "...you wrote, quote, 'If the economy continues on its current trajectory, as most expect, he'll leave office a popular president and leave the 2016 Democratic nominee with a relatively easy past to victory.'"
Daily Kos Writer: Obama’s Had It With Mainstream Media’s Lies
Egberto Willies claims that Obama “gave the traditional mainstream media carte blanche for six years,” but that “they failed to report truthfully, accurately, and in an unbiased manner” on issues including Obamacare and the economy. Therefore, Obama now “is effecting a paradigm shift. He is unshackling us all from a type of slavery to the traditional mainstream media.”
