Economy

ABC on Sunday continued to hype Barack Obama's hyperbolic claims about sequester cuts. World News reporter David Kerley played a clip of the President and then insisted that $85 billion in spending "sounds like a disaster movie." Kerley warned, "Child care canceled for tens of thousands of kids. Long airport security lines. Flight delays with a shortage of controllers. And military cuts that…

Charlie Rose led Monday's CBS This Morning by hyping the allegedly catastrophic effect of the sequester during a promo for a report from correspondent Major Garrett: "Kids without vaccines; schools without teachers; and massive airport delays – we'll show you the worst-case scenario for government spending cuts." Garrett himself could have been mistaken for an Obama administration flack as…

"For those scraping by on minimum wage, an increase sounds good." That was the Einstein-brilliant headline for the February 25 Metro section article by Washington Post staff writer Michael Laris, which looked at how a "Young Pr[ince] George's [County] father finds little money left to advance dreams." Laris's 44-paragraph story began with the plight of 24-year-old father Tyrrell Brown, who "…

An Investor's Business Daily editorial on Friday confirmed a couple of items which seemed intuitively obvious but which I didn't prove on Thursday in my post (at NewsBusters; at BizzyBlog) about the Department of Labor's outrageous decision to grant unionized workers at now-liquidating Hostess Bakeries "Trade Adjustment Assistance" (TAA). The first is that it will cost a lot of money,…

At the end of 1995 and stretching into January 1996, the federal government "shut down" because of an impasse between President Bill Clinton and House Republicans led by then-House Speaker Newt Gingrich. The issue was increased taxes vs. less spending. Sound familiar? The government re-opened when a bipartisan agreement was reached to balance the budget by 2003. It wasn't for reasons that…

You've got to hand it to the headline writers at the Associated Press, aka the Administration's Press. They sure know how to abuse their power to shape public perceptions. The headline at Martin Crutsinger's report this morning on projected economic growth for 2013, which the wire service is treating as this morning's "Big Story," reads: "ECONOMISTS PREDICTING MODERATE GROWTH IN 2013." Many…

Call her MoveOn.Mika . . . Bob Woodward has demonstrated that President Obama was not telling the truth during the third presidential debate when he flatly stated that "the sequester is not something that I've proposed. It is something that Congress has proposed.” In fact, it was two Obama aides who devised the plan, and Obama himself who approved it. But when Joe Scarborough wanted to get…

CNBC's Maria Bartiromo made a statement Sunday about all of the fearmongering concerning the looming budget sequester that people on both sides of the aisle should pay attention to. Appearing on NBC's Meet the Press, Bartiromo said, "I think Wall Street is seeing this as scare tactics because if the market really believed that the economy was going to be paralyzed on March 1 we would not be…

As NewsBusters has been reporting this weekend, some media members have been surprisingly breaking ranks with President Obama concerning administration claims that the world will come to an end if budget sequestration goes ahead this coming Friday. NBC's David Gregory also appears to be feeling the White House's position is overblown and asked Transportation Secretary Ray LaHood on Sunday's…

You take humor anywhere you can get it these days. Matt Drudge's characterization of Washington Post WonkBlog editor Ezra Klein as a "guppy" ("WASH POST Guppy Says Legend is WRONG") in linking to the 2007-2008 Jounolist conspiracy organizer's pathetic attempt to refute Bob Woodward's indisputably correct claims that sequestration was the brainchild of Obama administation officials and that "…

When the Washington Post's Bob Woodward broke ranks with the Obama-loving media to correctly point out Friday that it was indeed the White House that originally proposed sequestration back in 2011, it was going to be interesting to see how many of his colleagues would follow suit. On Sunday, CNN's Candy Crowley appeared to do so as she pressured Transportation Secretary Ray LaHood about…

In yesterday's Washington Post, Bob Woodward repeated what the essence of what he wrote about sequestration in his book, “The Price of Politics.” Why? Because leftist media stooges like MSNBC's Chuck Todd, who is upset that conservatives and Republicans are "begging the media to say it's Obama that started the sequester, not them" (well, in general, Chuck, we'd like to see you tell the truth…

While some in the mainstream media harp on the purportedly horrendous effects of possible across-the-board spending cuts on March 1, there is also an effort to distance President Barack Obama from responsibility.  An example of this is on CNN, which has shown more than once today a report on the sequester by chief business correspondent Ali Velshi.  An excerpt: VELSHI: The forced budget cuts…

Another liberal media member has broken ranks and pointed the finger of blame for the looming budget sequester on Barack Obama. After the Washington Post's Bob Woodward correctly wrote Friday that sequestration was indeed the Obama administration's idea in 2011, former Newsweek editor Evan Thomas hours later said on PBS's Inside Washington this whole standoff is "a failure of leadership by…