AP April Budget Story Ignores Record Receipts to Rip Trump Tax Cut
May 19th, 2018 10:19 PM
In its April 2018 Monthly Treasury Statement, the federal government reported that it ran an all-time single-month record $214 billion surplus, primarily because it took in a record $510 billion in receipts. The Associated Press's Josh Boak ignored the collections record, even though the AP noted the previous record when it occurred in 2015. Instead, Boak presented a different and…
AP Criticizes Tax Cut-Driven Bonuses As Only a 'Sliver' of 'Windfalls'
January 14th, 2018 9:48 AM
It takes a special talent to spin news which is unquestionably positive into something negative. But Christopher Rugaber and Josh Boak at the Associated Press were up to the task in a Wednesday afternoon report on bonuses, pay raises, and other benefits which now have been showered on well over 2 million American workers since the December passage of federal tax cuts.
AP Enters the Florida-Bashing Frenzy Over Irma, 'Climate Change'
September 20th, 2017 1:10 AM
Tuesday afternoon, Clay Waters at NewsBusters noted how two September 18 items in the New York Times ridiculed Texas and Florida, two recently hurricane-ravaged states whose governors and legislatures are pro-growth and Republican. Josh Boak, an economics writer at the Associated Press, was actually a day ahead of them on Florida, filing a Sunday item which claimed that "Irma's…
Media Ignored Rosy Obama Growth Forecasts, Attack Lower Trump Target
May 26th, 2017 5:49 PM
One of the more absurd spectacles in the press's coverage of the economy is the attack on the Trump White House's long-term economic growth assumptions in this week's budget release. The same reporters, pundits and outlets now ridiculing the Trump administration's belief that the economy can consistently grow by 3 percent each year beginning four years from now were stone…
Earnest Claims 805K Mfg. Jobs Gained Under Obama; No, It's 303K Lost
December 1st, 2016 11:56 AM
At Wednesday's White House press briefing, Obama administration Press Secretary Josh Earnest, in a fit of completely unsupported arrogance, claimed that 805,000 jobs have been created "while President Obama was in office," and that "President Obama has set a high standard" in that regard.
The lazy stenographers posing as journalists present at the briefing, along with…
AP Incompetently 'Fact Checks' True Pence Claim About National Debt
October 9th, 2016 2:01 PM
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 …
AP Ignores Weak Data, Their Own Reporting in Creating Economic Fable
March 31st, 2016 11:09 PM
In covering Thursday morning's report from the Department of Labor on initial unemployment claims, one of a relatively few economic reports showing strength these days, Associated Press reporter Scott Boak spread his enthusiasm over the result to the entire economy. It wasn't justified.
It's as if the poor guy has missed most of the pertinent other economic news during the past week…
AP Cheers New-Home Sales Increase in West, Covers Up Drops Elsewhere
March 23rd, 2016 5:34 PM
Today's report on February's new-home sales from the Census Bureau showed seasonally adjusted declines in three of the nation's four regions and an increase in the West.
The Associated Press and reporter Josh Boak, displaying brazenness which might have even embarrassed the scribes at Pravda during the worst days of the Soviet Union, concentrated on how great things were in the West…
Feb. Home Sales Dive: Press Ignores Realtors' Concerns About Economy
March 21st, 2016 4:10 PM
Ridicule by media critics has apparently made some headway against the business press's annoying habit of describing bad news about the economy as having occurred "unexpectedly." Now they seem to be reserving the "U-word" for unexpected improvements, which haven't been seen very much during the past seven-plus years.
Instead, reacting to today's bad news from the…
Press Euphoria Over Jobs Report Blows Off Lower Hourly Pay, Earnings
March 5th, 2016 8:27 PM
The press is mostly thrilled over yesterday's Employment Situation Summary from the government, which reported that the unemployment rate stayed at 4.9 percent and that the economy added 242,000 seasonally adjusted payroll jobs. President Barack Obama took the opportunity to take what CNBC's Jeff Cox described as "a victory lap ... in Friday remarks to the media."
Well, why not…
AP Howler: 'Demand For Housing Has Recovered' Since Recession
February 24th, 2016 9:55 PM
In the context of his pathetic writeup on the government's disappointing report on January new-home sales, Josh Boak at the Associated Press had the nerve to claim that "demand for housing has recovered over the course of the 6 ½-year recovery from the recession."
Wow. Who knew that the industry has made it all the way back to an acceptable level at long last? The obvious…
At AP, Economy's Good-News Story Sticks; Bad News Disappears (UPDATED)
February 23rd, 2016 5:43 PM
Two important economic reports came out today at 10 a.m. One had relatively good news, while the other was a definite downer.
At 2:43 p.m., the good-news item was still listed second at the Associated Press's list of Top 10 business stories, while the bad-news item was gone. That's all in a day's work of news manipulation at what should be called the Administration's Press…
Not News: January's Raw Job Losses Were the Third-Worst on Record
February 9th, 2016 8:56 AM
On Friday, in its January Employment Situation Summary, the government's Bureau of Labor Statistics served up a stack of lemons disguised as lemonade. President Barack Obama declared in a tweet that "We've recovered from the worst economic crisis since the 1930s," and the press dutifully fell in line.
The BLS reported that the economy added seasonally adjusted 151,000 payroll…
Barely News: Big-Rig Orders Are in a Steep, Year-Long Decline
February 3rd, 2016 11:24 PM
One of the economy's more important bellwethers has been on a steep year-long decline which shows no signs of abating this year. It's barely news, and much of the sparse reporting seen has been incomplete and sloppy.
Truckinginfo.com reported today that "January was a tough month for truck manufacturers as Class 8 truck orders were down 35% compared to the previous month, according…