Another Day, Another Snapshot of Media Pumping Out Gas Price Hype
Three things in life are certain: death, taxes, and media hype about gasoline prices. On television that third item often takes place not just in your usual standup at a gas station interviewing outraged motorists. In Web-based media, however, the still shot is worth 1,000 barrels.We've noted how CNN.com has done it. Today, it's ABCNews.com with its front-page teaser headline "Oil: Another Day,…
Petition Against Gas Tax Holiday Pushed by Left-Wing Economists
The debate over a gas tax holiday has caught the attention of all three presidential candidates as well as the media. Last night, CBS "Evening News" said 150 economists had signed a petition against the cut and quoted one saying "it isn't sound economic policy."But that list includes several prominent liberal economists, some who have also opposed the Bush tax cuts and pushed for a higher minimum…
Hedgehog Hillary Hatin' on Oil Companies
The fox knows many things, but the hedgehog knows one big thing.—Archilochus (7th-century BC)Mark Penn might not be appearing before the cameras on Hillary's behalf nowadays, but bet that he is beavering away behind the scenes on his polling. And judging from Hillary's dogged [to mix an animal metaphor] performance on this morning's Today, it's obvious the pollster's turned up one big thing: Dem…
NYT's Friedman: Hard Work 'Asian Values,' No Longer American Values
I always find it amazing when writers in the mainstream press seem to have so little knowledge of America and its history. Of course, I suppose that being blissfully ignorant of US history does help paper over their betrayal, substituting the feeling that they can maintain allegiance to American "ideals" as they attempt to advocate for the sort of socialist/communist vision that they want America…
Stumped: Hillary Can't Name One Economist Who Supports Her Gas-Tax Hol
My two cents say George Stephanopoulos gave Hillary a harder time than Tim Russert did Obama during their respective appearances on This Week and Meet the Press today. Russert never pinned Obama down on exactly what he knew of Rev. Wright's most controversial assertions and when he knew it.Over on ABC, Stephanopoulos twice challenged Hillary to name a single economist who supported her proposal…
Reuters Hypes Hugo's Excellent Adventure in Marxist Farming
Leave it to Reuters in this April 29 article, to express surprise that Hugo Chavez' planned economy, complete with “land reform,” price controls and forced production, is failing. Even worse, reporter Frank Jack Daniels relied on a Marxist outlook and socialist jargon to pretend that those tired policies weren't to blam. Chavez wants to increase domestic food production; so, of course, the…
Dire NBC: Seniors Forced to Live in Van as Golden Years 'Tarnished
On the day the government reported a tenth of a point drop in the unemployment rate and two days after news of a second straight quarter of 0.6 percent GDP growth proved the nation is not in a recession, Friday's NBC Nightly News delivered a ridiculously shallow story, based on two anecdotes and a couple of advocates, to prove rising prices are forcing the elderly out of their homes and into vans…
'Evening News' Distorts Severity of Food Inflation by Reporting Only H
Although the economy is showing only a slow rate of growth, consumer spending actually showed an increase for the month of March. But, don't be fooled - that's a bad sign, according to "CBS Evening News" anchor Katie Couric.
"[T]he government reported today that consumer spending in March shot up twice as much as economists were expecting, and it's not because we're buying more - it's because…
BBC: Americans Drive Cars 'Not Much Smaller' Than Big Rigs
On the April 30 edition of "BBC World," Justin Webb reported on rising fuel costs and how the increase in prices affect the American public. According to Mr. Webb, many Americans drive cars nearly the size of big rigs, and will need to spend their tax rebate on fuel, thereby doing little for the economy at large. After all, if a big rig tank takes over a thousand dollars to fill, many American…
Oops: Employment Numbers Better Than Expected, Unemployment Drops
Despite all the gloom and doom, the employment picture in April was much better than economists had expected, and, maybe more important, quite different than the Hooveresque, Depression Era picture media members have been painting for months.Makes you wonder if in press rooms all around America, as well as in Democrat campaign headquarters across the fruited plain, there was a huge sigh of…
U.S. Receipts Record Broken in April; Media Snooze Continues
This updates the "Supply-Side Stunner" post (at NewsBusters; at BizzyBlog) from Tuesday. The business press has not yet noticed this news. The last Daily Treasury Statement for April published yesterday shows just how impressive what is probably the supply-side tax cuts' last hurrah really was:
Michael Moore: Americans Pay More Taxes Than French, Most of Europe
As noted earlier today on Newsbusters by Matthew Balan, Michael Moore appeared on CNN's "Larry King Live" last evening. I caught a good portion of the "interview" (if King's constant agreement and sucking up qualify as an interview) and one little segment in particular got my attention. The subject was taxes:MOORE: You were asking me a serious question. I'm sorry. Actually, you know what I would…
