The Week's Economic Reports Were Mostly Good; Old Media Spin Was Gener
August 31st, 2007 11:01 PM
The week had a gusher of economic news, and most of it was favorable: Thursday, 2nd Quarter Gross Domestic Product (GDP) was revised sharply upward to 4.0% from July's initial estimate of 3.4%; the final GDP number for the second quarter comes out in late September.The most comprehensive quarterly housing report issued, from the government's Office for Housing Enterprise Oversight (OFHEO), showed…
Paging Michael Moore: Cuba Won't Let Boxing Team Travel to U.S. for Fe
August 29th, 2007 1:42 PM
Anyone who follows the MSM knows that Cuba is a virtual paradise. A land of free health care, universal literacy and low infant-mortality rates where, as Andrea Mitchell has explained to us, kids don't care about freedom and the only big problems are those caused by the U.S. Yes, Cuba is the sort of place no one would ever want to leave. Certainly not to go to live in the United States, where…
AP Omits Liberal Label for 'Watchdog Group' Complaining About Sen. Cr
August 28th, 2007 2:38 PM
In its continuing coverage of Sen. Larry Craig (R-ID), the Associated Press now reports:A government watchdog group filed an ethics complaint against Idaho Sen. Larry Craig Tuesday after Craig said he pleaded guilty to misdemeanor charges stemming from complaints of lewd conduct in a men's room. . . Citizens for Responsibility and Ethics in Washington filed a complaint with the Senate ethics…
Modern Day ‘Saving Private Ryan’ in Iraq
August 26th, 2007 12:02 PM
A family in Clovis, California, which is near Fresno, has sadly become the modern day version of the Ryans, real-life brothers depicted in Steven Spielberg's acclaimed film "Saving Private Ryan" wherein all but one died serving his country in World War II. For the Hubbards, Nathan, the second of three brothers serving in Iraq, died Wednesday in a helicopter accident in the northern part of that…
AP Spins Record Low Unemployment as Problem That Could Get Worse
August 25th, 2007 3:45 PM
Most Americans understand that unemployment declining is a good thing. Yet, the folks at the Associated Press seem confused about this economic statistic as evidenced by an article published Saturday entitled "Help Wanted Ads Go Unanswered in West." In fact, contrary to a media fixated on bashing corporations and business owners as greedy little devils, Matt Gouras' piece actually elicited…
AP Touts Push for Federal Bailout of Mortgage Holders
August 23rd, 2007 4:12 PM
Socialist thinking can often pop up in the most unexpected places. One of the “most powerful bond investors in America” is calling for a full-fledged government bailout of homeowners who are struggling to pay their mortgages. Pimco Chief Investment Officer and founder Bill Gross thinks the Fed and monetary policy need to step aside for direct government intervention by President George Bush…
