Wages & Prices

On Wednesday, Amber Phillips at the Washington Post's The Fix blog impressively took President Obama to task for his over-the-top bragging about the nation's mediocre (and likely getting worse) economy. She noted that "the biggest knock on the Obama economy ... is that the recovery has been very good for the wealthy and certain sectors and not so much for the middle class and everyone else." Hear…

The Brookings Institution, the leftist think tank, is wailing and gnashing its teeth over its finding that in many metro areas, "income inequality," their favorite bogeyman, is being "driven by declining incomes" among their poorest residents. The problem isn't so much that the rich are getting richer as it is that the poor are getting poorer. As a result, "Inequality is higher today in most…

On Saturday, after one of the worst year-opening weeks for the stock market in many years, Myles Udland at BusinessInsider.com complained that "The stock market is having a nightmare start to 2016 and it's all the Fed's fault." This sentiment is apparently widely held in the media. At NationalInterest.org on Tuesday, Christopher Whalen wrote that "the Fed created the current unstable market…

In October 2013, late-night PBS talk-show host and author Tavis Smiley told Sean Hannity at Fox News that "The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category." On Monday, on the eve of what has been said to be President Barack Obama's final State of the Union address, Smiley was…

When it comes to raising the minimum wage, networks minimize balance and maximize bias. After a year of protests clamoring for a $15 minimum wage, Christian Science Monitor reported that 14 states and several cities increased minimum wages or planned to in 2016. Several more cities and states are expected to consider a $15 minimum wage with ballot or legislative initiatives, according to USA…

Establishment press pundits often wring their hands over how supposedly far to the right the Republican Party and conservatives in general have moved since the presidency of Ronald Reagan, that flaming moderate, to the point of claiming that Reagan would never be accepted by today's "wingnuts." They seem to actually believe this amusing nonsense. In a classic example demonstrating where the real…

The left and entertainment press have had a field day whining about how much more Harrison Ford was paid for his role in The Force Awakens compared to costars and series newcomers John Boyega and Daisy Ridley. “Harrison Ford Was Paid Over 50x More Than ‘Star Wars’ Co-Stars” Variety’s headline blared. (SPOILERS AHEAD)

As MSNBC's Chris Matthews appeared on Tuesday's Andrea Mitchell Reports to promote his special on Donald Trump's life, substitute MSNBC host Luke Russert wondered why the "divisions that had ravaged the country" did not go away after President Barack Obama's election because "everybody thought that we were now coming into a post-racial society, that 'hope and change' was going to carry the day…

Objective journalism is so old-fashioned. Activism is the new objectivity, at least where the liberal media are concerned. Rather than reporting as neutral outsiders on matters of race, CNN hosts and guest actually put their hands up in the “Hands up, don’t shoot” pose that never happened while reporting on protests. They seize on mass shootings to repeat calls for stricter gun control. The sad…

In the middle segment of Wednesday’s CBS Evening News, the newscast promoted a new Pew Research Study that illustrated the decline of the middle class in the years since the Great Recession to the point that, as anchor Scott Pelley highlighted, “[t]he middle class is no longer the majority in America.” Of course, as the liberal media naturally does, they neglected to include any placement of…

As yours truly noted in several posts at my home blog on Wednesday and at NewsBusters on Friday and Saturday, the torrent of pre-Thanksgiving "getaway day" economic data was largely disappointing. That didn't stop the Associated Press's Chris Rugaber from pushing the "All is well" meme late Wednesday afternoon, declaring, contrary to what anyone's eyes could see, that "the fundamentals of the U.…

There was yet another sighting of the U-word ("unexpectedly") in connection with disappointing economic news today. Bloomberg News, which most frequently employs the word, told readers that "Consumer confidence unexpectedly declined in November to the lowest level in more than a year as Americans grew less enthusiastic about the labor-market outlook." Expectations were that confidence would…

The "fact-checking" press has become a parody of itself during the past several years. It's not only because of their irritating penchant for putting statements by Republicans and conservatives under a twisted microscope while ignoring drop-dead obvious falsehoods delivered by Democrats and leftists. It's because, among other things, the fact-checkers often admit that a statement is true, but…

Tuesday evening, Associated Press economics writers Christopher Rugaber and Josh Boak attempted to "fact check" statements made by candidates at the just-completed Republican presidential debate. Claiming that "The fourth Republican presidential debate was thick on economic policy — and with that came a variety of flubs and funny numbers," the two writers botched at least half of the six points…