Recession

At a press conference in Greece on Tuesday, President Barack Obama claimed that when he came into office, "the economy was contracting faster than it did during the Great Depression, but we were able to intervene, apply lessons learned and stabilize and then begin growth again." Naturally, Elena Becatoros and Josh Lederman at the Associated Press and Gardiner Harris at the New York Times, all of…

Friday morning, Fox Business's Maria Bartiromo had a tense one-on-one interview with Ezekiel Emanuel, one the two major architects of Obamacare (the other one is the infamous Jonathan "Lack of transparency is a huge political advantage because of the stupidity of voters" Gruber).

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…

For two months prior to the first presidential debate, the networks’ evening news shows ignored news of "very weak" GDP growth in their broadcasts. The Washington Examiner reported on Sept. 29, that the U.S. gross domestic product (GDP) grew at a “relatively weak” 1.4 percent in the second quarter of 2016. CNBC noted on the same day that “The current expansion's pace is the weakest of any since…

They call it a comeback. It is true, the U.S. economy is no longer in the depths of what has been called “The Great Recession.” But, in many ways the economy remains “weak.” Overall economic growth remains “subpar” and labor force participation rates remain shocking, not far from 38-year lows. Then of course there’s poverty, food stamp use, weak wage growth and household income struggles. The…

It’s almost as if “Net Neutrality” is a Leftist safe word - to be uttered when the free market growing freely causes them too much discomfort. Few things demonstrate the insular Media-Government Bubble better than this:

The media exuded panic surrounding the vote for the U.K. to leave the European Union, commonly called Brexit. Reports after the vote panicked over how much markets had fallen, worried about a potential recession for the UK and otherwise attacked the outcome. 

CBS broadcasts discussing the Brexit Leave vote on Sunday and Monday went to economic "experts" whose "analysis" betrayed partisanship and both feigned and real ignorance. On Sunday on Face the Nation, max 2015 Hillary contributor (as usual, not disclosed to viewers) Mark Zandi of Moody's Analytics predicted that that the UK economy "is going down the rabbit hole" as the result of the Leave…

The UK’s surprising decision to exit the European Union brought out typical sneering from journalists, as well as warnings that the decision would bring doom and gloom to the country. Business Insider Finance Editor Lianna Brinded warned Britain was “beyond repair,” and the worst was “yet to come.” 

The establishment press must not think that anyone should care about the millions of dollars Bill Clinton and his wife Hillary have "earned" making speeches, particularly to powerful banks and Wall Street firms, since he left the presidency in 2001 and after her time as Secretary of State ended in 2013. That's the only explanation as to why Mrs. Clinton could promise, as she did on Tuesday, that…

The Federal Reserve announced it wouldn’t raise interest rates, in part due to a poor May jobs report and economic “headwinds.” Two out of the three broadcast networks ignored the decision.

Taking a cue from the Associated Press's Martin Crutsinger in March of last year, two Los Angeles Times reporters told readers on Monday that the economy is about to complete a seventh year of expansion. No it's not, at least not if historical benchmarks for determining expansions are consistently and properly heeded. Reporters Jim Puzzanghera and Don Lee couldn't even keep their own standards…

Philip Bump and the Washington Post have apparently had a couple of pretty bad days. The Post had to endure having to cover, and cover for, an absolutely awful jobs report released Friday morning. That news made their beloved Dear Leader, who had just celebrated the allegedly wonderful economic accomplishments seen during his presidency on Wednesday, look quite foolish. Never fear: By Paragraph 4…

A Pew Research report published three weeks ago on America’s Shrinking Middle Class presented a fundamentally misleading narrative which the press was only too eager to relay and continues to use, namely that the middle class has been seriously shrinking since the turn of the century. Christopher Rugaber at the Associated Press typified the initial press coverage, writing: "In nearly one-quarter…