Comparing Growth in Income Inequality: Late 1990s Had More
The meme: Income inequality during the Bush Administration has widened, as the rich have gotten ever richer.
A sub-meme: Income inequality during the previous administration lessened, or at least didn’t get any worse.
But facts are stubborn things, as information obtained from the Census Bureau and viewable at the full post shows (scroll down at the link to get to inflation-adjusted data):
FNC's Cavuto Notes MSM-wide Yawn Over Record Dow Close
On today's "Your World with Neil Cavuto," the host devoted a portion of his mailbag segment to viewers from across the fruited plain telling Cavuto of their local media outlets had ignored or downplayed yesterday's stock market closing. Cavuto noted that in contrast, a large market correction in February was blared on the front pages of the nation's largest broadsheets. Video (2:26): Real (1.77…
Record Dow a Downer on the Networks
A new stock market high is good news, right?“In stock market terms alone, this is now the longest consecutive uninterrupted stock market rally,” said Lawrence Kudlow on MSNBC’s “Morning Joe” on July 13.“It started in early 2003, so that’s four and a half years. And it’s incredible how much wealth is being created out there and it’s unfortunate, really – almost tragic – that the president just…
Banks Draw Fire from CBS for Charging Fees
Apparently, “CBS Evening News” thinks it shouldn’t be your responsibility to remember to balance your checkbook. Anthony Mason’s July 11 report bashed banks for *GASP* profiting from overdraft fees.“Banks are cashing in on overdrafts, raking in more than $17 billion in fees last year, according to the Center for Responsible Lending” said Mason.The segment, called "Hidden Charges," did not include…
Washington Post Columnist Blames High Gas Prices on Nancy Pelosi
Here’s something you don’t see every day: a member of the mainstream media blaming high gas prices on somebody other than President Bush or Vice President Cheney.Better strap yourselves in, for the culprit is truly shocking.Not only did Wednesday’s Washington Post deflect responsibility for the rise in prices paid at the pump away from the White House, much of the blame was actually shifted to –…
Comparing Economies: Two Respected Measures Put Bush 43's at or Near t
Today's release of the Institute for Supply Management's Non-Manufacturing Activity Report, which measures business conditions in the 86% of the economy other than manufacturing, came in with a reading of 60.7, after recording a 59.7 last month.
As has been customary, the report whipped the pants off of "expectations." This Thomson Financial article at Forbes predicted a decline to 58.1 instead…
Coloradoan Issues a Real Food Challenge; Denver Media Run for Cover
Those following the histrionics of "The Food Stamp Challenge" (previous NewsBusters posts here, here, and here; previous BizzyBlog posts here, here, and here) know that:
Most of those engaging in it claim that the average Food Stamp recipient "only has $21 per person per week to buy food."
The fact is that the program's monthly benefits (often referred to "Allotments"; scroll to the bottom…
'Nightly News' Mows Over Hedge Fund Firms
Billion-dollar returns just aren’t good enough for NBC. On June 26, the “Nightly News” attacked wealthy hedge fund managers for making high-risk investments and for trying to do business with the “vulnerable” upper-middle class.Reporter Carl Quintanilla mentioned rich investors who want to become “hedge fund rich,” but then focused his segment negatively on such investment firms.“[T]he people who…
