Economy

Apparently, Grover Norquist and the Republican Party are to blame for the rising debt, according to CNN's Fareed Zakaria. In his Sunday interview with Norquist, Zakaria argued that the GOP tax-cutting agenda failed to also cut spending, which led to the country's increase in borrowing. Zakaria's sloppy logic also revealed itself later when he posed to Norquist that tax cuts didn't…

On Friday, Darren Samuelsohn at the Politico (HT Hot Air), the place where it seems that inconvenient stories go so the Associated Press, the New York Times and the rest of the establishment press can claim they have an excuse not to cover them (respective proofs as of about 3:30 p.m. in the current instance are here and here), covering -- or I should say attempting to cover -- the latest of…

The exercise of watching the press report on the current week's unemployment claims figure as if it's etched in stone and assessing it as if it's the last word -- only to see the figure get upwardly revised the next week virtually without media comment -- is getting extraordinarily tedious and predictable (but of course watching what they do remains necessary).  At the Associated Press,…

  On February 28, as reported at the Politico, Obama administration Energy Secretary Steven Chu told a House panel the following in response to a question he interrupted about his interest in having an "overall goal" of lowering gas prices: “No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.” Yesterday, also as carried at the Politico, Chu…

The New York Times told us about three weeks ago that "there's little President Obama" can do about the current pump price of gas. Since then, it has become a well-established media meme. Poor guy. Well, not really. Four years ago, another U.S. president did something which caused the barrel price of oil to drop by over $6, and the press spent the rest of the day trying to pretend that the…

An MSNBC political analyst on Tuesday actually said that Alabama women voting for Rick Santorum in the Republican presidential primary that just concluded in that state "really hurts" her. Talking to Lawrence O'Donnell on The Last Word, Karen Finney arrogantly said, "It’s a little painful because I’m wondering if those women really heard the full message" (video follows with transcribed…

There's no escaping Solyndra Syndrome. Here in my home state of Colorado, citizen journalists have uncovered our own gaping government green loan sinkhole. The stench of Chicago-on-the-Potomac is fouling the fresh Rocky Mountain air. Meet Loveland-based Abound Solar, the lucky winner of a $400 million federal loan guarantee from the Obama administration. Earlier this month, the thin-film…

Charlie Rose and Bob Schieffer were President Obama's Amen corner on the issue of gas prices on Tuesday's CBS This Morning. Rose shamelessly claimed, "The President has a point...There's little that he can do...in the short term to affect gas prices, and gas prices hurts his political chances." Schieffer replied, "That's right on all counts...the problem is...people think there are things he…

President Barack Obama's energy plan involves radically increasing gas prices to the European rate of about $10 a gallon. And he's well on his way, as gas prices have more than doubled since he took office in January 2009, when gasoline was only $1.79 per gallon. And he's scheming to double prices again in his second term, with you footing the bill. It's no secret that we're being gouged at…

Last night (at NewsBusters; at BizzyBlog), I noted how Christopher Rugaber at the Associated Press, also known to yours truly as the Administration's Press, failed to tell his readers that the federal government's $232 billion reported deficit in February was an all-time single-month record. I also went back and showed that another AP reporter in March 2008 did note that February 2008's deficit…

CNN's Erin Burnett on Monday did a segment correctly castigating Congress for not passing a budget in over 1000 days. The only problem was that while she did this, pictures of House Republicans were shown on the screen despite the blame resting solely with Senate Democrats (video follows with transcript and commentary):

In his report on today's release of Uncle Sam's February Monthly Treasury Statement, Christopher Rugaber at the Associated Press today did almost all he could to ensure that his wire service remains deserving of the nickname yours truly gave it several month ago: "The Administration's Press." Rugaber's primary sin of omission ensures that readers, listeners and viewers at AP's subscribing…

Gosh, how did that happen? At the Associated Press as of 7:30 p.m., its Top Business stories (saved here for future reference) top headline read: "Strong 3 months of hiring as US adds 277,000 jobs." The headline at the underlying article (saved here) reads the same. Related pics are after the jump.

Yesterday was sort of "Pick on Christopher Rugaber at the Associated Press Day." So when I came across a particularly reprehensible report he filed last night whining about the difficulty the economy may face in meeting heightened expectations -- with yet another reference to the wire service's obsession with its relevance to President Obama's approval ratings and reelection -- I let it go.…