Economy

The AP's coverage of the U.S. economy late Friday focused on high gas prices as the dominant, uh, driver of this year's anemic growth both visually and in its text. As will be seen after the jump, the graphic at the AP's national site is of a gas price sign. The final sentence in the caption of the full-size version reads "High gas prices and scant income gains forced Americans to sharply…

Well, the Washington Post reported it, but it was in the 21st paragraph of a 24-paragraph story on page A11, in an article entitled "White House is divided on how to portray Obama," no less: New polling numbers suggest that voters have been unimpressed with Obama’s performance — with his once-sizable reelection advantage evaporating in a matter of weeks. A survey published this week by…

The folks at CNN should be really proud of themselves. In less than 24 hours, one of their current anchors - Fareed Zakaria - flat out lied about deficits, the debt ceiling, and the U.S. credit rating before a former host - Eliot Spitzer - falsely told viewers of HBO's "Real Time" that George W. Bush "gave us the deregulatory craziness that led us over the cliff" (video follows with…

This afternoon's report at Time.com's misnamed Curious Capitalist blog by Roya Wolverson ("GDP Report: What It Tells Us About the Debt") is an embarrassing hash of omissions, errors, and gratuitous political points. Ms. Wolverson's most obvious omission is her failure to mention the government's breathtaking downward revision to first quarter gross domestic product growth from the annualized…

CNN's American Morning co-hosts tried to lecture those opposed to voting to raise the debt ceiling on the error of their ways on Friday morning. When a guest GOP congressman tried to explain why he was voting no, and complained of being "vilified" for his stance, Romans showed him no mercy. The American Morning co-host accused the dissenting Republicans who voted "no" to Boehner's plan…

In a "Fareed Zakaria GPS" segment to be aired on CNN Sunday and posted at the network's website Thursday, the host flat out lies about the current debt ceiling debate as well as when and why credit rating agencies began expressing concern about our nation's finances. "Please understand that none of these things are happening because the United States is running deficits," Zakaria falsely…

"Four years ago, the American auto industry was so opposed to higher fuel economy standards that executives of Detroit camped out in Washington in an unsuccessful bid to undercut them," Bill Vlasic opened his July 28 front page New York Times article. But now "when President Obama announced even stricter standards — in fact, the largest increase in mileage requirements since the government…

It is one matter if a president stakes out a smart position within a heated political debate, but it is another matter when members of the press believe so and shower him with positive coverage. CNN's John King complimented President Obama on Thursday's Anderson Cooper 360 for having "positioned himself smartly here in the middle" on the debt ceiling debate. King painted the president as a…

Yesterday on "The Fix", a politics blog of the Washington Post, Chris Cillizza and Aaron Blake wrote "Five Members to watch in the House debt ceiling vote."  One of the five is Rep. Jim Matheson (D-UT).  He's described as a potential "yes" vote for Speaker John Boehner's (R-OH) debt ceiling bill: Matheson, a Democrat, has managed to keep his Republican-leaning Utah seat by voting very…

A trend is emerging on MSNBC's "Morning Joe," whereby guests make inflammatory statements likening conservatives to terrorists, and none of the co-hosts insist on a more elevated level of dialogue. Following in the footsteps of Newsweek's Tina Brown and Rep. Steny Hoyer (D-Md.), two MSNBC analysts called conservatives in Congress "economic terrorists" and "crazy" on Friday, yet none of the…

"Millionaires and billionaires," President Obama says derisively, must make more "sacrifices" and live by the same rules the rest of America lives by. But there are seven little words that will never appear on the White House teleprompter: "And that means you, too, George Soros." For all his (and his wife's) bashing of greedy Wall Street hedge-fund managers, Obama has shown nothing but love…

This morning, Christopher Rugaber's coverage of the news from Uncle Sam's Bureau of Economic Analysis about the growth in the nation's Gross Domestic Product (GDP) at the Associated Press appropriately characterized it as indicative of a "sharp slowdown" and "extremely bad" (via a quoted economist). Today's report carried an advance estimate of second-quarter growth of an annualized 1.3%. As…

"When, oh, when is a Republican going to stand up" and call the liberal media on their lies about the debt ceiling debate, NewsBusters publisher Brent Bozell lamented on this morning's "Fox & Friends." Bozell was reacting to a clip of Sen. Jon Kyl (R-Ariz.) answering a misleading and biased question by CBS's Bob Schieffer (video follows page break; MP3 audio here):  

MSNBC's Joe Scarborough on Friday took some well-deserved shots at New York Times columnist Paul Krugman. After "Morning Joe's" Mika Brzezinski read bits of Krugman's most recent rant against "Republican extremism," her co-host responded, "If you’re a blogger, and you’re still living in your mom’s basement, and you got Cheetos all over the keyboard, you type in your underwear...you look at…