Economy

Washington Post scribes David Nakamura and Felicia Sonmez dutifully set out today to paint President Obama as the hero of the masses for his "bold act of political defiance" in naming "Richard Cordray as head a new consumer watchdog agency Wednesday, bypassing Republican opposition in the Senate that derailed his nomination last month." Nakamura and Sonmez waited until the 10th paragraph in…

A few readers asked me for my reaction to Derek Kravitz's December 23 report at the Associated Press on new-home sales. I thought that it was reasonably good, but felt that his leaving open in readers' minds the idea that this year's sales could conceivably top last year's was in bad form. I was too kind. Based on data available elsewhere, Kravitz should have known (and maybe did) that…

On Tuesday, liberal radio host Thom Hartmann engaged a conservative caller who was tired of the anti-capitalist rhetoric from President Obama and the left. “From the president’s own mouth, the anti-capitalist rhetoric is so poisoned,” said the caller. Hartmann interrupted: “It is rhetoric in opposition to the excesses of unregulated capitalism. Unregulated capitalism can become a cancer just…

What human motivation gets the most wonderful things done? It's really a silly question, because the answer is so simple. It turns out that it's human greed that gets the most wonderful things done. When I say greed, I am not talking about fraud, theft, dishonesty, lobbying for special privileges from government or other forms of despicable behavior. I'm talking about people trying to get as…

In 1984, an Associated Press writer covering the Democratic primaries wrote that "In a presidential contest dominated by concerns over the economy, inflation, and unemployment, the Democratic candidates have been loath to acknowledge the extent to which Carter administration policies contributed to those problems. Democrats have also controlled Congress for most of the past three decades, which…

On December 31, 2003, looking ahead to the upcoming 2004 election year, an Associated Press reporter -- I think it would have been Jennifer Loven at the time -- wrote about how George W. Bush was going to spend as much of the next 10-plus months as possible figuring that "he no longer needs Congress to promote his agenda." Therfore, he would use "aggressive campaign fundraising and use…

There are quite a few problems with Ricardo Alonso-Zaldivar's December 28 coverage ("New fee coming for medical effectiveness research") concerning a new fee (i.e., tax) which will imposed on health insurance companies for each person they cover starting tomorrow. Several times (twice in the body and once as seen above in the headline), the story refers to the assessment as a "medical…

There are press memes which won't go away no matter what, and no matter how often disproven. One, repeated in an Associated Press report a couple of weeks ago as our troops were about to leave Iraq, claimed that "No WMD were ever found" there. The truth: Yes they were — along with 550 metric tons of yellowcake uranium found in Iraq after Saddam was overthrown, specifically “the stuff that can…

There's good economic news today, at least for those who only scan headlines.  On USA Today's Web site, the headline is "Weekly jobless claims at lowest level in over 3 years."  Oh, happy day!  The president's stimulus is finally working.  But if you read the Associated Press story under the headline, the news isn't quite so sanguine: The number of people seeking unemployment benefits rose…

After the news portion of a "Warmer Weather Hurting Retail" segment on the impact of the mild winter on retail sales thus far appearing early this morning on CNBC, Joe Kernen and John Harwood got into it over the relevance and influence of so-called "global warming" (I guess Harwood didn't get the memo that it's "climate change" now). Picking up at the 2:10 mark of the video:

I know, we're supposed to give TV shows and the like a bit of dramatic license to push a plot line. But doesn't it seem that an awful lot of the license taken tends to be pro-big government and left-leaning? One pretty obvious example came along Monday night during the Season 2 finale of TNTs' "Rizzoli & Isles" (which ran again late tonight). The plot of "Burning Down the House" centered…

In an item which still has a breaking news tag, Josh Funk at the Associated Press (saved here for future reference, fair use, and discussion purposes) call retiring Nebraska Senator Ben Nelson a "centrist," and almost seemed to mourn over "an increasingly polarizing climate" which made it clear that Nelson's reelection would have been a steep uphill fight. Of course, there was no mention of the…

This is the seventh year I have looked into how the media treats two Christmas-related topics: The use of “Christmas shopping season” vs. “holiday shopping season” and the relative frequency of "Christmas" and "holiday" layoff references. Unfortunately, the hints of improvement late last year, when 20% of stories in the late December pre-Christmas search referenced the "Christmas shopping…

Like so many of her liberal media colleagues, Bloomberg's Margaret Carlson believes cutting payroll taxes for a short period of time stimulates the economy. Fortunately for viewers of PBS's Inside Washington, when she tried to make this absurd conclusion Friday, syndicated columnist Charles Krauthammer was there to give her and others on the panel a much-needed education (video follows with…