Update: April Tax Revenues 2nd-Highest in History; Will Media Notice
A stunning announcement was made by the Treasury Department Wednesday. As reported by the Associated Press: “A flood of income tax payments pushed up government receipts to the second-highest level in history in April, giving the country a sizable surplus for the month.”(Update: At the end of this piece, I predicted this announcement would not be widely reported. Well, though all three broadcast…
CBS’s Anthony Mason Wrongly Declares National Debt Declined Under Cl
In another example of journalists saying whatever they want whenever they want without regard to accuracy, CBS’s Anthony Mason on Wednesday’s “Evening News” declared erroneously that America’s debt declined during the Clinton years (video link to follow). Certainly, this is a myth that has been purported by the media since Clinton left office…but nothing could be further from the truth.Before we…
Shocking News From NPR: Oil Companies Aren't Gouging Consumers After A
For months, the media have blamed virtually anything but free market forces for the rise in oil and gas prices. NBC’s Lisa Myers attributed these increases to greed on a recent Nightly News report stating almost disgustedly “Exxon earned 9.5 cents on every dollar of gasoline and oil sold, cashing in at every stage of the process.” Imagine the nerve of ExxonMobil actually making a profit. Oh the…
Stoking the Outraged: Networks Showcase Consumers Feeling 'Pain at the
Anyone with a working TV set knows that the broadcast networks have hyped the high gas price story (“Pain at the Pump”) to ridiculous levels. A new MRC study of the ABC, CBS and NBC morning and evening news shows found a whopping 183 stories in just three weeks, an avalanche of TV coverage that (helpfully to Democrats planning their midterm election strategy) has buried far more important good…
CBS and NBC Stick With Gas Pains, Ignore Wednesday’s Huge Price Decl
The wholesale price of oil and gasoline took a huge drop on the commodities markets Wednesday. But, you never would have known it from watching the broadcast networks’ evening news programs. In fact, the pain at the pump mantra continued in earnest at CBS and NBC without even the slightest mention of a greater than $2 decline in oil prices and an almost 9 cent decline in gasoline prices on the…
Ignoring Growth, Eyeing Gas Gauge
The big economic news going into the weekend was the strongest quarterly gross domestic product growth since the summer of 2003. Spectacular news by any measure, but you wouldn’t know it from the way the media reported it. NBC’s David Gregory quickly dismissed the significance of the strong report on April 28: “But with gas prices also surging … the country isn't celebrating.” ABC’s “World News…
