On Trump Tariffs, AP Reporter Tries to Frighten, Misquotes Economist
March 11th, 2018 10:18 PM
The Associated Press's Paul Wiseman has apparently tired of good economic news. Saturday, the AP reporter painted a frightening picture of what a trade war based on President Donald Trump's planned tariffs on a tiny sliver of U.S. imports might do to the world's economy, mischaracterizing a prominent economist's position to build his case.
AP's Paul Wiseman Smears GOP Tax Plan as 'Trickle Down'
November 20th, 2017 11:56 PM
At the Associated Press on Friday, economics writer Paul Wiseman attempted to rewrite history, pretending that "trickle down" economics is a term Republicans have used for their economic plans since the days of Ronald Reagan, and that the current GOP tax plan which has made it through the House and is being considered by the Senate is more of the same thing. In fact, Reagan's…
After AP Sets Ceiling, Economic Growth Forecasts Get Bumped Up
November 18th, 2016 10:49 AM
The Associated Press's coverage of the U.S. economy is undergoing its own presidential transition. One might expect a bit of chaos as the AP moves from frequently and inordinately praising and defending the historically awful economy we've seen during the past eight years under a Democratic administration to eventually downplaying and bashing it at every opportunity once a Republican…
AP's Econ Writers Hype 'Healthy' Job Market, Ignore Flat Pay
April 4th, 2016 5:02 PM
The Associated Press, the nation's de facto business news gatekeeper for those who don't follow the economy or the markets closely, is telling America that the U.S. job market is fine, and ignoring the dismal results seen in weekly pay during the past several months.
Christopher Rugaber's Friday evening coverage of the government's jobs report earlier in the day described the…
With Worse Data Than a Decade Ago, AP Says No Recession 'Anytime Soon'
January 18th, 2016 12:10 PM
During the middle years of last decade, the business press, including the Associated Press, worked the word "recession" into its reports on the economy quite regularly.
Yesterday, despite a current economy facing far worse fundamentals than were seen during 2007, the AP's Paul Wiseman and Bernard Condon gave us a nearly 882-word treatise on "WHY GLOBAL WOES AND SINKING STOCKS…
AP Howler: Economy 'Healthy' Because of 'Solid Consumer Spending'
December 17th, 2015 4:56 PM
For an understanding of just how weak the business press's understanding of economic fundamentals is, look no further than Paul Wiseman's brief "coverage" at the Associated Press Wednesday of the Federal Reserve's awful Industrial Production.
The Fed reported yesterday that industrial production fell by 0.6 percent in November on top of a revised -0.4 percent (…
AP Fails to Note That Consumer Confidence Drop Is Worst in Four Years
July 28th, 2015 6:08 PM
The Conference Board's July Consumer Confidence report released earlier today threw a heavy dose of cold water on the idea that the economy might finally achieve a broad-based, genuine recovery this year.
Despite month after month of "all is well" reporting — and excuse-making when all hasn't been well — from the U.S. business press, the American public has…
At AP, It's 'Heads We Report, Tails We Ignore' For Economic Data
May 15th, 2015 10:43 PM
On May 1, the Associated Press's Paul Wiseman was pleased to tell the wire service's readers and subscribing outlets that "The University of Michigan's sentiment index rose to 95.9 from 93 in March," reaching "its second-highest level since 2007." Among other things, the survey's chief economist said that the result reflected "improving prospects for…
Donna Brazile Approvingly Tweets Links to NB Post Ripping AP's Coverag
July 7th, 2014 11:57 AM
Donna Brazile apparently liked yours truly's NewsBusters post yesterday. That post ripped the Associated Press's Pollyanna-like coverage of the U.S. economy, and carried the following headline which may have caused several spilled drinks and soaked monitors among the genuinely informed — "AP: ‘Humming’ and ‘Rising’ U.S. Economy Is a ‘World-Beater…
Press Won't Connect End of Jobless Benefits With Faster Job Growth; Kr
July 6th, 2014 9:45 PM
Fox News contributor and syndicated columnist Charles Krauthammer made a very interesting and logical correlation Friday. The press has predictably failed to make the connection or even to relay Krauthammer's point, simply because it leads to the default assumption that conservatives were right on an important economic issue.
To be clear, the point Krauthammer and National Review Online…
AP: ‘Humming’ and ‘Rising’ U.S. Economy Is a ‘World-Beater
July 6th, 2014 5:10 PM
In the latest White House press release disguised as analysis at the Associated Press, aka the Administration's Press, AP stenographer Paul Wiseman sang the praises of this nation's "humming" job market and its "steadily rising" growth as the economy is "finally showing the vigor that Americans have long awaited." Wow.
Of course, the White House —…
AP Blames '(Good) Weather' For April Decline in Industrial Production
May 15th, 2014 3:26 PM
It looks like the "weather" excuse the press went to repeatedly to explain weak economic results in December, and January, and February, and March still has life in April. But this time, warm weather (which most of us would find "good," at least in April) is to blame. An early afternoon report (relevant portion saved here in graphic form) on the Dow's 200-point mid-day…
AP's Rugaber Claims 'Job Market May Be Strengthening'; Doesn't Mention
September 26th, 2013 11:55 PM
I guess the Associated Press's business and economics reporters feel they've done their jobs if they mention the relative donominance of new workforce entries by temps and part-timers once, while still denigrating the obvious validity of the latter — and pretend it never has to be mentioned again.
That's how the AP's Christopher Rugaber can produce a writeup, as he did…
AP's Wiseman Tries to Explain Away Clear Trend Towards Part-Time Emplo
September 7th, 2013 7:06 PM
In a Saturday afternoon dispatch, the Associated Press marred a mostly decent presentation of the August employment situation reported by the government yesterday in three ways.
The first is the story's misleading headline: "The Job Market Fed Faces: Healing But Still Ailing." Whether there's genuine healing going on is highly debatable, given that the labor force…