Economy

On Tuesday (at NewsBusters; at BizzyBlog), I noted how the Associated Press's headlined assessments at Anne D'Innocenzio's reports throughout the day on the Conference Board's monthly consumer confidence survey went from "falls" to "dips slightly" to "roughly flat" before ending up at "rosy" -- an evaluation the AP reporter also included in the verbiage of her final dispatch. For the record,…

From what I can tell, no one in the establishment press yesterday attempted to quantify the total employment impact of yesterday's announcement by Best Buy that it will reduce its headquarters headcount by 400 and close 50 stores. One thing is certain: It's not just 400, as the headlines and verbiage in certain media reports might lead readers to believe -- and it's not excusable to say that…

Earlier this year, a reporter informed me of what is apparently a common belief in the business press, namely that "the Labor Department considers the (seasonally adjusted, or SA) numbers to be much more reflective of what’s actually going on in the economy" than the raw (i.e., not seasonally adjusted, or NSA) economic data. That's interesting, given that you can't even do seasonal adjustments…

CBS This Morning on Thursday gave New York City Mayor Michael Bloomberg a platform to boost his pro-gun control agenda. Anchors Erica Hill and Charlie Rose tossed softball questions at the billionaire politician, enabling him spout his liberal talking points in favor of stricter gun regulations. Rose and Hill even let Bloomberg lecture the press about their supposed responsibility to push for…

Every Congressman who voted on President Obama's budget on Wednesday voted against it -- every Democrat and every Republican. The headline writer for Andrew Taylor's related story at the Associated Press nonetheless felt it necessary to remind readers that Republicans have a majority in the House of Representatives, and only told readers that Dear Leader's budget was "easily" rejected. The…

Simpson-Bowles would have: raised taxes by $1.2 trillion--bumping to 21% the tax share of GDP from the typical 18%; relied largely on defense cuts to reduce spending; retained all $2.5 trillion in ObamaCare spending and done nothing to reform Medicare and Medicaid.  No wonder Luke Russert loved it. Appearing on Chuck Todd's Daily Rundown on MSNBC today, NBC congressional correspondent…

During the March 27 edition of “World News,” ABC’s Diane Sawyer treated Federal Reserve Chairman Ben Bernanke to a softball interview which alternated between human interest angles and portraying him as the victim of partisan Republicans. [Video after the jump. Audio can be found here.]

In an interview with House Speaker John Boehner aired on Wednesday's NBC Today, co-host Matt Lauer depicted the November election as a futile effort for the GOP: "[The economy] does put some Republicans in a difficult position. You've got better job numbers, you've got better manufacturing numbers. Consumer debt is down. Consumer confidence is up. Isn't it hard to run against a recovering…

I had to make sure that the Conference Board, which issues one of the most closely watched consumer confidence reports each month, didn't issue some kind of update during the day after telling us in the morning that its reading for March came in at 70.2, down from 71.6 in February. Nothing changed. But oh how the Associated Press's headlines about the Board's reported results changed in…

Apparently most reporters at the Associated Press, aka the Administration's Propagandists, lost the memo that Reuters got ("Obama Campaign: Obamacare Not a Bad Word After All"). Either that, or they haven't been paying attention their Obama For America emails. OFA and President Obama himself both say it's now okay to call the fraudulently named Affordable Care Act which became law in March…

On Monday's NBC Today, Tom Brokaw reported on veteran Mike Wright returning from tours in Iraq and Afghanistan to continue work at New York's Indian Point nuclear power plant: "Entergy, Wright's employer, supported his deployments. Veteran hiring is a priority for the company, not out of sympathy, but as an investment in the bottom line....Mike Wright and Entergy, that's how it's supposed to…

CBS's Allen Pizzey completely whitewashed the struggling European economy on CBS Sunday Morning to bash the Republican presidential candidates' attack on President Obama's economic policies. Pizzey zeroed-in on Germany's lower unemployment rate and cited left-leaning Professor James Walston, who claimed that "the candidates are dealing in caricatures of Europe that are about 90% wrong." The…

There's a reason President Obama, Mitt Romney, Paul Ryan and many others are touting tax reform these days. On the campaign trail, it taps into deeply held beliefs about the way American society ought to work and the role of government. Seventy-seven percent think it's important to replace the entire federal tax code with something simpler. Seventy-one percent favor a tax code with lower tax…

Syndicated columnist Charles Krauthammer gave quite a tongue lashing to Mark Shields on Inside Washington this weekend. When the liberal PBS contributor said Congressman Paul Ryan's (R-Wisc.) budget proposal lacked vertebrae, Krauthammer scolded, "Talk about absence of spine, your guys haven’t introduced a budget at all on anything" (video follows with transcript and commentary, file photo):