After giving President Ronald Reagan a subtle nod this earlier week, ABC decided to more directly address his presidency two days later on their hit comedy Last Man Standing.
On Saturday, President Donald Trump tweeted that "The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo." Demonstrating that "fact checking" by the partisan press is a sick joke which has instead turned into a vehicle to make cheap political points, Politifact rated Trump's utterly true statement "Mostly False."
On Tuesday morning's MSNBC Live, Louise Mensch, though she claims to be a conservative, put forth what I suspect will be the left's core economic argument if the economy improves under Donald Trump. That argument: The economy is "fantastic" already, and Trump will have had nothing to do with whatever economic improvements over what is already "fantastic" we might see.
On Friday at CNN, a clearly upset Don Lemon, covering a topic that almost no one in the press cared about for eight years during the Obama administration, abruptly ended a segment about the costs of protecting President Donald Trump and the First Family, and began to walk away from the set before the next commercial break began. Why? One of his panelists called the obsession with these costs "fake news." The panelist who set Lemon off, Paris Dennard, who describes himself as "a GOP political commentator and consultant," got Lemon's goat when he stood his ground despite pressure from Lemon and ridicule from two of the other three panelists.
There are predictable signs that after eight years of giving the problem inadequate attention and occasional ridicule, the business press has decided that federal budget deficits and the national debt are going to start to matter again. Gosh, I wonder why? The Associated Press's Christopher Rugaber was relatively subtle about it in a report on Uncle Sam's December and year-to-date budget deficits on Thursday. As would be expected, Paul Krugman wasn't subtle at all in his latest New York Times column.
Broadcast networks barely covered the skyrocketing national debt in the past year, but spent far more time on toy animals called Hatchimals. ABC and NBC gave the toy sensation three times more coverage than the debt. As of Jan. 9, the United States’ national debt was nearly $20 trillion ($19,955,343,885,377.73), according to the Treasury Department. The rising debt, according to multiple sources, threatens economic growth and fiscal stability.
If you believe the Obama administration, the Hillary Clinton campaign and their apparatchiks in the press — and as we've learned during the past several weeks, all three work assiduously to sing from the same hymnal — the economy we've seen during the presidency of Barack Obama has been one of slow but still acceptable recovery and (yes, this word has been frequently used) "durable" expansion.
The federal government's fiscal year ended on September 30. As has been the administration's habit for years with news that might draw negative attention, the Treasury Department conveniently released its year-end Monthly Budget Review Friday afternoon to minimize the discussion of its grim news.
Many writers on the left and beat journalists in the establishment press contend that Republican presidential nominee Donald Trump and running mate Mike Pence tell lies so often that it's virtually impossible to keep up with all of them.
If that's so, why, with all those "obvious" falsehoods out there, did two Los Angeles Times reporters have to label an absolutely true statement by Pence about Hillary Clinton's Syrian refugee position "misleading" and then fail, as seen in a Friday NewsBusters post, to even try to explain why it was? And why did the Associated Press's Josh Boak, as will be shown after the jump, pretend on Tuesday that Pence's absolutely true claim about the growth of the national debt under President Obama wasn't true?
On Thursday, Federal Reserve Chairman Janet Yellen suggested in a videoconference call, as translated into plain English by the Wall Street Journal, that "there could be benefits to allowing the central bank to buy stocks as a way to boost the economy in a downturn."
It's a safe prediction that there will be renewed interest in the federal government's perilous financial situation if the country elects someone not named Hillary Clinton as its next president in November.
One reason why this prediction is so safe is how little interest there has been in even covering today's news about Uncle Sam's troubling June surplus of only $6.3 billion. The Associated Press, via Martin Crutsinger, devoted three whole paragraphs to the news during the first two hours after its release before lengthening it with the usual static analysis pablum about the presidential candidates' tax plans. A 4:30 p.m. Eastern Time Google News search on "deficit," which encouraged users to "Explore in Depth (9 more articles)," returned only three additional items when I followed that suggestion.