Economy

Today, the White House's Office of Management and Budget published its Mid-Session Review (large PDF), an economic forecast projecting, among other things, that Gross Domestic Product (GDP) for calendar 2011 will be 1.7%. That doesn't sound like much (and it isn't), but to get there growth will have to almost triple its most recently reported level during the second half of the year. Second-…

Next week, President Obama will unveil his jobs plan.  Details haven't been revealed, but that didn't make a difference today on CNN's American Morning.  Anchor Carol Costello announced the day's "talk back" question and anchors Ali Velshi and Christine Romans promptly chimed in:

CBS's Bill Plante hyped the supposedly "testy confrontation" between President Obama and Speaker Boehner on Thursday's Early Show over scheduling a presidential address to Congress: "This may prove that there is no argument too petty in today's Washington." By contrast, on Wednesday's CBS Evening News, Norah O'Donnell placed more blame on Obama for giving Boehner only a "15-minute heads-up…

In advance of a "major speech" on the economy and jobs, President Obama has selected Princeton University professor Alan Krueger to be chairman of the Council of Economic Advisers. Krueger is no relation to the horror film character Freddy Krueger, though if his ideas are implemented, they might further "slash" the economy. Alan Krueger is the latest in a long line of professors and academics…

Using a time-honored establishment press technique, an unbylined Associated Press report out of Indianapolis this evening ("Ind. lawmaker's lynching reference riles tea party;" saved here at my web host for future reference, fair use and discussion purposes) twisted the real news about Congressman Andre Carson's inexcusable, hateful comments at a Congressional Black Caucus-sponsored event in…

Two weeks ago (at NewsBusters; at BizzyBlog), yours truly pointed out how establishment press coverage of the bankruptcy of Massachusetts-based Evergreen Solar had emphasized its Bay State assistance, and only rarely brought up how it benefitted by being able to sell solar panels it otherwise would probably not have bothered to produce to projects benefitting from American Recovery and…

The New York Times is still stirring up news based on an op-ed published in the paper two weeks by billionaire Warren “Tax Me More” Buffett, “Stop Coddling the Super-Rich,” pleading for the government to raise the effective tax rate on wealthy investors like him. Buffett’s op-ed went viral among liberals online, and has spread to Europe, according to Wednesday’s Business section story from…

Poor President Obama. There's only so much he can do to lift the economy. He's tried so much already, yet somehow it just hasn't worked. Now his options are limited by those darned Republican demands for "fiscal austerity" and a "tight debt ceiling" (of "only" $2.4 trillion) which was only raised by enough to get him through his reelection effort (in 14-1/2 months). This is the utter garbage…

In his Friday column ("Failing Forward"), published in Saturday's print edition, the New York Times's Charles Blow really blew it in attempting to relay an abortion-related statistic from the abortion-supportive Alan Guttmacher Institute. Blow wrote (shown here) that "the unintended pregnancy rate has jumped 50 percent since 1994." The Times has since corrected the column to reflect what the…

In "Ben Bernanke Embraces Obama's Reality-Based Presidency," Time's Michael Grunwald posited that Republican presidential contender Rick Perry is divorced from reality, especially when it comes to the best policies to fix the economy. Grunwald opened with snark...

Maybe AP stands for "Alternative Planet." In an early version of Julie Pace's coverage of President Obama's selection of Alan Krueger to be the next head of the White House Council of Economic Advisers, the following paragraph appeared (bolds are mine):

George Will and Donna Brazile had a telling exchange on ABC's "This Week" Sunday. After Will listed all the excuses President Obama makes for the poor economy, Brazile said, "I thought you were going to mention media" leading Will to smartly retort, "They're not his problem" (video follows with transcript and commentary):

When I first saw a brief Associated Press report asserting that Rick Perry, at an event in Des Moines, Iowa today claimed, in AP's words, that "he's created 1 million jobs while governor of Texas," I thought to myself, "Wow, that's a pretty egotistical thing to say -- as if he did it all by himself." Then I remembered that I was reading an AP report. Of course Perry didn't say that, and,…

In the view of the perilously liberal syndicated columnist Mark Shields, nothing good ever comes from corporate America. On PBS's "Inside Washington" Friday, Shields told his fellow panelists, "If one waited for all the great social improvements of this country to come from CEOs, we would still have child labor at 8 cents an hour working at mills and looms and lathes" (video follows with…