Economy

The issue of rising costs at the gas pump is a reality many American families are fighting with daily. Americans drive to visit family, friends, or to go to work every day to help provide the American dream for their family. The cost to fill up their cars has a great effect on their daily lives. The national media’s coverage of the rising costs has been anything but balanced. The national media…

"Fox News again buries the [monthly] jobs numbers," Politico media critic Dylan Byers groused this morning in a 10:23 a.m.-stamped post. Those numbers "appear in the lead or left-hand column atop the websites of the Washington Post, the New York Times, the Wall Street Journal, CNN, and MSNBC, as of 10 a.m.," Byers noted. But as email tipster James Harper pointed out to us, Fox News did later…

Imagine if you will that President Bush were in the Oval Office now, facing reelection with unemployment above 8 percent and gas prices as high as they are right now. Now also imagine that the Bush Energy Department granted a $10 million award to the maker of a $50 LED light bulb, because, as Bush's energy secretary gushed, it's "affordable for American families." The media would, predictably…

Filling in for co-host Matt Lauer on Friday's NBC Today, CNBC's Carl Quintanilla seemed to suggest the media was helping the Obama administration shape public perception of the economy: "...we're in a situation where we're sort of managing expectations, especially for the White House." Quintanilla followed that admission by asking CNBC Mad Money host Jim Cramer about the upcoming jobs report…

Earlier today (at NewsBusters; at BizzyBlog), I noted the press's ridiculously forgiving coverage of today's reported increase in unemployment claims while concentrating primarily on RTT News's assertion that the unemployment rate should continue to come down as long as weekly claims stay below 400,000. Three years ago, Christopher Rugaber's threshold at the Associated Press, also known to…

The Department of Labor reported today that initial claims for unemployment benefits increased to 362,000 from an upwardly revised (as usual) 354,000 the previous week. Expectations were for a reading of 351,000 (Business Insider's email) or 352,000 (Bloomberg). Over at the Associated Press, also known as the Administration's Press, the headlined reaction in its 9:17 a.m. report was: "…

Since Jan. 1, the price of gas has soared 45 cents a gallon — the highest on record for this time of year. AAA reported this past week that the national average of unleaded gasoline climbed from Feb. 28's $3.71 per gallon to March 2's $3.73 per gallon and then up again to $3.76 per gallon over the weekend — the 25th straight increase in the past month. According to The Associated Press, the…

Over at the Associated Press in a report with a Tuesday morning time stamp, Christopher Rugaber produced yet another predictable lemonade-from-lemons story about how the economy is allegedly "improving faster than economists had expected. They now foresee slightly stronger growth and hiring than they did two months earlier - trends that would help President Barack Obama's re-election hopes."…

In public accounting, there's a concept known as "independence," which has two aspects: independence in fact and independence in appearance. If you are auditing a company, you may in fact be the most independent person in the world, willing to follow the audit trail wherever it leads, but no matter how much you object, if you own stock in the subject company, you won't be allowed to participate…

Appearing as a guest on MSNBC's The Ed Show, MSNBC political analyst Richard Wolffe - formerly of Newsweek - complained that the economic policies of GOP presidential candidates Mitt Romney and Rick Santorum "are a repeat of the Bush years," and asserted that President Bush had the "worst jobs record of any President in modern times." After host Ed Schultz asked "how does Romney and Santorum…

National Review's Reihan Salam on Sunday proved once again that liberal media members no matter what their number are no match for one well-informed conservative. On CNN's Fareed Zakaria GPS, Salam took on the host, Time magazine's Joe Klein, and the Nation's Katrina Vanden Heuvel on a far-ranging discussion about how both sides of the aisle view taxes, the Tea Party, and social change with…

Well, I guess when you think you're going to sell 45,000 cars and you're on track to achieve about 25% of that, something's gotta give. Something gave today, as Government/General Motors announced a temporary suspension of production of the company's centerpiece of environmental correctness, the Chevy Volt, and the layoff of 1,300 employees. Oh, and as readers will see in the Examiner.com…

The three networks have, thus far, skipped Tuesday's revelation by Energy Secretary Steven Chu that the "overall goal" of the Obama administration isn't to get gas prices down. This is despite the fact that ABC, NBC and CBS have previously focused on the rising gasoline prices in general. Politico reported, Tuesday, "The Energy Department isn't working to lower gasoline prices directly,…

Sometime in the next few weeks, the average price of a gallon of gasoline is likely to top $3.85, headed to $4. When it does, gasoline will cost $2 more per gallon than it did on the day Barack Obama became president. In his 2008 campaign, Obama often assailed President George W. Bush for "high" gas prices, but voters who thought Obama's criticism of high gas prices under Bush meant the…