Economy

CNN exaggerated poll numbers on Thursday's Newsroom to claim that Americans are writing off the scandals of the Obama administration. CNN's Suzanne Malveaux and Alison Kosik reported that voters were "a lot more concerned about the economy" and were saying "to heck with the scandals." Yet poll numbers showed voters did not say "to heck with" the IRS scandal, as a vast majority still wanted…

While the Associated Press may get something wrong – and omit things on occasion – they’ve admitted one thing that the big three has yet to confirm: Obamacare will cost Americans their health care coverage.  In a story by Ricardo Alonso-Zaldivar that was published on May 29, he noted that Americans might find themselves stripped of coverage this fall since their current plans don’t meet the…

David Koenig's Wednesday coverage at the Associated Press of Exxon Mobil's annual meeting contained a predictable headline and related content telling us that the company wouldn't "explicitly ban discrimination against gays because the company already banned discrimination of any type and didn't need to add language regarding gays." Koenig's report apparently couldn't be considered complete…

The pity party for furloughed federal employees should be toned down. A story at CNNMoney.com notes something I don't expect will be only rarely be reported anywhere else, namely that there has been a concerted and likely largely successful effort on the part of federal employee unions to ensure that as many of their members as possible will be eligible to collect unemployment benefits during…

Talking to CNBC Mad Money host Jim Cramer on Wednesday's NBC Today about signs of improvement in the economy, co-host Matt Lauer wondered about past media fearmongering: "[What] we talked about over and over again over the last year was the sequester and whether it would pour a lot of cold water over our recovery here. Has that happened?" [Listen to the audio or watch the video after the jump…

In January my colleague Clay Waters noted how New York Times economics reporter Eduardo Porter called for Americans to pony up more in taxes in a piece headlined, "A Tax Bite Tailored To Help All." Porter is back at it again today in a Business Day section front-pager headlined, "The Trouble With Taxing Corporations." "We have a tax problem; we are not collecting enough tax revenue -- period…

Martin Bashir on Tuesday said New York Times columnist Paul Krugman "deserves the Nobel Peace Prize." Yes, the MSNBC host said Peace Prize - not one for economics - all because the perilously liberal economist has advocated more deficit spending and even more federal debt to stimulate the economy (video follows with partial transcript and commentary):

On Tuesday's CBS This Morning, John Dickerson spun a front page scoop from the Washington Post that spotlighted the several private meetings that a top Obama health care adviser had with investment firms on the future implementation of ObamaCare: "It's a little hard to see what those investment firms got that wasn't already publicly available." The liberal CBS political director brushed…

In "Go Ahead, Invade Their Phone Records: AP Reports Obama Has 'Alleged Scandals' and 'Alleged Misbehavior,'" Tim Graham at NewsBusters noted how Tom Raum at the Associated Press, aka the Administration's Press, claimed that "Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly…

Generally speaking, we try to avoid mentioning shrill leftist New York Times columnist Paul Krugman, not because he makes no absurd statements but because he makes so many of them. An exception to this rule must be made, however, thanks to an excellent piece by economist Robert P. Murphy in the American Conservative headlined “Heads Krugman Wins, Tails ‘Austerity’ Loses.” In the past several…

"Pay attention to Senator Cruz because he is the unsmiling, contemptuous face of the wild, nasty, hard-right fringe of a Party that once competed with the Democrats to be the country’s governing Party." So said MSNBC's Chris Matthews on Friday's Hardball (video follows with transcript and commentary):

Recent college grads are in a tough spot, with student loans that need repayment and an economy that is leaving many of them underemployed or worse. But the network news media have exaggerated individual burdens of student debt by using examples of enormous rather than average debts. They’ve also often ignored systemic problems that have led to the “crisis” of student loan defaults, at the same…

On May 13, the New York Times continued their campaign against Sen. Ted Cruz by misrepresenting his opposition to the Marketplace Fairness Act.  Over the past few months, the Times has published numerous pieces blasting the Texas senator, which is the price you pay in the liberal press for having a backbone concerning defending your conservative beliefs. As the conservative-leaning…

As the media, by and large, ignores the train wreck that is on the horizon with ObamaCare, yet another union has jumped ship on the president’s health care overhaul.  Back in April, you may recall, the United Union of Roofers, Waterproofers, and Allied Workers officially said thanks but no thanks to the president’s plan. Well, now, a major labor union in the grocery industry is balking at the…