Economy

I love it when Ed Schultz lapses into candor. Here he is introducing former Obama press flack and campaign advisor Robert Gibbs on his radio show yesterday in a way that seemed to catch Gibbs off guard, but understandably so when you hear what Schultz said (audio) --

On August 27, PolitiFact, the once promising but now largely co-opted "fact check" site run by the Tampa Bay Times, finally got around to evaluating Obama campaign spokesperson Stephanie Cutter's August 22 lie that "over the past, you know, 27 months we've created ... more jobs than in the Bush recovery, in the Reagan recovery." Apparently, the evaluators lost their matches as they only gave…

The Associated Press's Anne D'Innocenzio is clearly mystified and possibly even upset that consumer confidence as reported by the Conference Board on Wednesday fell sharply to its lowest level since November of last year. Get a load of the second paragraph's first sentence in the version D'Innocenzio posted late yesterday morning shortly after the report's release, followed by asinine…

Just like his counterparts at MSNBC on Tuesday night, Fox News Channel political analyst Juan Williams thought it fit to continue forwarding the left's main attack on Ann Romney - that she just can't relate the average American woman. Minutes after Mrs. Romney's RNC speech, Williams bluntly remarked that she "looked to me like a corporate wife...[T]he stories she told about struggles – ah, it's…

MSNBC 's immediate reaction to Ann Romney's Tuesday night speech at the Republican National Convention was to stick by the left-wing talking point that she can't relate to ordinary Americans, especially women. Lawrence O'Donnell seconded Rachel Maddow's claim that Mrs. Romney "has not had most women's economic experiences," and went further: "She began her speech...by talking about women's…

On Thursday, Sentier Research released a study showing that household income has actually declined at a worse rate in the sluggish economic recovery than it did during the December 2007-June 2009 recession. "From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964," Washington Post's Michael Fletcher noted in Friday's paper, although his article was…

Sam Youngman at Reuters, and several others have attempted to pounce on a comment about "big business" GOP presidential candidate Mitt Romney made at a Minnesota fundraiser on Thursday as some kind of equivalent to President Obama's out-of-touch assertion that "the private sector is doing fine" back in June. In fact, what Romney actually said in large part explains why the private sector isn'…

Obama campaign spokesperson Stepanie Cutter, appearing on MSNBC earlier this week, claimed that "over the past, you know, 27 months we've created 4.5 million private-sector jobs. That's more jobs than in the Bush recovery (or) in the Reagan recovery." A Thursday Investor's Business Daily editorial plaintively asked: "Where are those allegedly unbiased fact-checkers when you need them?" As…

On Friday, CBS News White House correspondent Mark Knoller reported on Twitter that Mitt Romney's campaign was "slamming [the] Obama Admin citing reports of sale of Solyndra headquarters for fire sale price of $90-million," and how "US taxpayers lost $500-million underwriting Solyndra loans." Even with this and other developments in the past month, CBS hasn't covered Solyndra since June 1, 2012…

Scott Horsley's report on Wednesday's All Things Considered could have mistaken for a three-and-half minute ad from a pro-Obama super PAC. Horsley played up how "Mr. Obama often tempers his speeches with a dose of modesty about what government can and can't do" and how the President "pushes back strongly against the anti-government rhetoric of his GOP opponents." The NPR correspondent also…

In his coverage of the Department of Labor's Unemployment Insurance Weekly Claims Report at the Associated Press this morning, economics writer Christopher Rugaber stubbornly referenced a supposedly predictive benchmark the wire service has been using which has consistently failed in recent months. Rugaber also claimed that today's seasonally adjusted increase from the previous week, which…

Young Americans, who were a key component of candidate Barack Obama's election strategy in 2008, have been having an awful time of it lately. According to two separate surveys, many young adults 18 to 29 are stuck in the awful employment market. The majority have a bachelor's degree but are not in jobs that require a college degree. Interestingly enough, the jobs which traditionally had been…

Yesterday, James Taranto at the Wall Street Journal's Best of the Web had this to say about the title of an Associated Press report ("Obama Defends Tenor of His Campaign, Slams Romney") covering President Obama's four-question "press conference" -- "The writer of this Associated Press headline is either witty or clueless." The underlying writeup by Jim Kuhnhenn and Charles Babington wasn't…

In what has become an all too predictable ritual, an AP reporter has tried to make the situation in the economy look like it's on the upswing when it's not. Today, the AP's Christopher Rugaber read the press release on existing home sales from the National Association of Realtors. As a trade group, NAR will tend to put a good (or at least not as ugly face) on even a rough situation. So it's…