Press Doesn't Notice $110 Billion April Rise in National Debt Despite
Here's a word which the Associated Press's Martin Crutsinger only used once in his coverage last Thursday of Uncle Sam's April 2012 Treasury Statement: "debt." And when he did, he was quoted someone about Europe's situation.
To his credit, the AP reporter wasn't particularly impressed with the fact that the government was able to run a single-month surplus of $59 billion in April. To his…
'Jeopardy!' Loser Chris Matthews Introduces Guests as 'Two of the Most
Fresh off his humiliating defeat on Jeopardy! Monday night, MSNBC's Chris Matthews actually introduced a pair of guests Tuesday as "two of the most smartest people."
Almost as funny, "two of the most smartest people" in the Hardball host's opinion are Congressman Barney Frank (D-Mass.) and former Clinton labor secretary Robert Reich (video follows with transcript and commentary):
NBC Touts Obama Campaign Smearing Romney 'As A Middle Class Job Killer
On Monday's NBC Nightly News, anchor Brian Williams attempted to conflate the JPMorgan $2 billion loss with Mitt Romney's business record as he declared: "The Obama campaign may have had this JPMorgan story in mind when it picked today to launch a new ad attacking Mitt Romney's former firm, the private equity giant, Bain Capital, as a middle class job killer."
Chief White House correspondent…
Chuck Norris Column: The Feds' Intrusions Into American Farms and Fami
With Mother's Day right at our back, I want to address one of the most extreme overreaches by the federal government into American homes that I've seen in a long time. Then I want to call on my own 91-year-old mother, who was raised in rural Oklahoma and worked in cotton fields with her family during the Great Depression, to help set straight the rural farm and child labor record.
After a…
Lamar Smith Column: Media Spins Monthly Jobs Report
According to a Rasmussen Poll conducted last March, over 80 percent of likely U.S. voters see the economy as a “very important” issue going into this November. A strong economy leads to a strong and prosperous country. A good indicator of the strength of the economy is the number of jobs created. Despite the national media’s attempt to spin the numbers, the jobs reports for the last two…
Eerie Similarity? New Obama Attack Ad Mirrors CNN Story on Romney and
A new Obama campaign ad – which CNN showed a clip from on Monday – features former steelworkers attacking Mitt Romney and his leadership of Bain Capital. Yet this January CNN piece on Bain Capital's ventures in South Carolina provided the same critical aura of "bad memories" and "bitterness" toward the company from South Carolina steelworkers.
United Steelworkers is one of the heavy hitters…
CBS Brings on Elizabeth Warren to Back More Bank Regulation; Spikes Ch
On Monday's CBS This Morning, Charlie Rose and Erica Hill touted Massachusetts Democrat Elizabeth Warren's past time as "the government's chief watchdog during the 2008 bank bailout" as she was brought on to discuss JP Morgan Chase's $2 billion loss. Rose and Hill asked all of their questions from the left, and completely ommited any mention of the recent controversy over Warren's claim of…
California's Budget Woes: No One Ever Mentions Work Disincentives, Wel
Here we go again. The State of California's budget is again in crisis, facing a budget deficit of $16 billion, which is $6.8 billion higher than projected mere months ago. Governor Jerry Brown is browbeating residents to pass tax initiatives in November which include "a quarter-cent increase in the state sales tax for four years and a seven-year hike on incomes of $250,000 or more that will…
Blockbuster News About U.S. Oil Reserves ... Isn't News
Searches on "Government Accountability Office" (not in quotes), "shale," and "mittal" at the Associated Press's national site return nothing relevant to the energy-related story which will follow. A Google News search on "Anu Mittal," the person from the GAO who on Thursday testified before the House Committee on Science, Space, and Technology`s Subcommittee on Energy and Environment, appears…
Fareed Zakaria Asks 'Is Democracy Part of Europe's Economic Problems
CNN's Fareed Zakaria asked a question this weekend guaranteed to raise some eyebrows not only on both sides of the aisle but also on both sides of the Atlantic.
On the program bearing his name, Zakaria amazingly asked Sunday if the economic problems in Europe are caused by democracy and not austerity (video follows with transcript and commentary):
AP Coverage of Dem Mess in No. Carolina Falsely Gives GOP Voters Sole
Let's grant that Associated Press reporter Mitch Weiss, in his dispatch Saturday on the headache Democratic National Convention host state North Carolina has become for the left, acknowledged by quoting someone else that "Nobody can sugarcoat the fact that we got problems here." That said, the AP reporter applied quite a bit of sweetener with generous pinches of distortion in several instances…
AP's Wiseman Falsely Claims That Recent Spike in Unemployment Claims
As Zero Hedge wrote this morning in response to today's initial unemployment claims report and the related press write-ups: "Same Trick Different Week."
As has been so typical in analogous instances for the year or so I have been following the weekly claims numbers closely, the Associated Press (aka the Administration's Press), Reuters, and Bloomberg headlined a "dip," a "fall," and a "drop" in…
Open Thread: The Failure of Stimulus Spending
In today's Wall Street Journal, top economist Robert Barro has an important essay on why so-called "stimulus" spending really is a drag on economies. It's must-reading for anyone opposed in principle to wasteful liberal spending passed off as some magic Keynesian pill:
Obama Falsely Attacks Conservative Group AFP, WaPo 'Fact Checker' Chee
The Obama Palace Guard is waging a losing battle to suppress the truth in a new ad from Americans for Prosperity, which explains how more than $2 billion in “stimulus” money went to foreign companies.
The “Wasteful Spending” ad, airing in 8 states with a media buy of $6.1 million, has also drawn criticism from the self-styled arbiters of political truth at the Washington Post.
You can…
