Tom Blumer has written for several national online publications  primarily on business, economics, politics and media bias. He has had his own blog,, since 2005, and has been with NewsBusters since December 2005. Along the way, he's had a decades-long career in accounting, finance, training and development.

Latest from Tom Blumer
September 25, 2012, 8:50 AM EDT

He clearly doesn't suffer from a shortage of chutzpah.

According to the Politico's Josh Gerstein, President Barack Obama was asked the following question by The View's Barabara Walters in a Monday appearance to be broadcast on Tuesday: "What would be so terrible if Mitt Romney were elected? Would it be disastrous for the country?" His response: "We can survive a lot. But the American people don't want to just survive. We want to thrive. I've just got a different vision of how we grow an economy. We grow fastest when the middle class is doing well."

September 23, 2012, 11:59 PM EDT

Saturday, Joel Pollak at Breitbart's Big Journalism observed that President Obama is having some trouble drawing big crowds these days, and that the national press is exaggerating the turnout at his events.

He specifically cited the situation this weekend where Politico and the Wall Street Journal claimed there were "18,000 people inside a 5,000-seat arena at an Obama event in Milwaukee on Saturday." I looked at the Associated Press's national site, and the AP did the same thing, while adding that the crowd with the made-up size was "the largest yet of Obama's reelection campaign." Really.

September 22, 2012, 9:54 AM EDT

Gosh, those were the good old days. Or so Meghan Barr at the Associated Press apparently believes.

As what's left of the Occupy Wall Street mobs from last year staged a pathetic anniversary protest in New York on Monday, Barr, in one of the most embarrassing reports I've seen emanate from the self-described "essential global news network," described them as "celebrating" and "giddy." At the end, in a desperate attempt to show that the movement actually accomplished something, Barr cited vague and I believe completely unrelated statements from two banks about "working with their customers." For those with strong stomachs, the first five and final paragraphs of Barr's beclowning follow the jump.

September 20, 2012, 4:04 PM EDT

Patricia Zengerle's coverage of U.S. Senate candidate Tim Kaine at Reuters assumes that the Democratic former Virginia Governor committed the mother of all gaffes today. I'm not so sure. It may be that David Corn's secret video of Mitt Romney commenting on the 47 percent of Americans who pay no income taxes and are dependent on the government is sending polling data in the opposite direction from what was intended and is starting to rattle Democrats.

Look at how Zengerle framed what Kaine said:

September 20, 2012, 11:20 AM EDT

Both the headline and opening sentence at Christopher Rugaber's Associated Press report on today's unemployment claims release from the Department of Labor tell readers that initial unemployment claims fell by 3,000 during the most recent week. Though Rugaber acknowledged that last week's initial figure was revised up, he didn't say by how much (3,000, from 382K to 385K), and of course didn't note that based on the track record of the past year, there's a 98% chance that this week's figure will also be revised up.

A graph posted at Zero Hedge compares headlined changes in weekly claims to actual weekly changes after revisions. The differences are significant.

September 20, 2012, 1:39 AM EDT

As of midnight, Real Clear Politics showed Barack Obama with a 2.9-point lead over Mitt Romney in the average of the most recent six presidential election polls. One of those polls is a P-U production of Pew Research Center which shows Obama up by 8 points among 2,343 registered voters. The preposterous weighting of the sample is 37.1% Democrats, 30.6% Republicans, and 32.3% independents.

Any time a poll reveals the Romney v. Obama breakout in each of those three categories, I can run the results through what I'll tentatively christen the NewsBusters/BizzyBlog Poll Decoder, showing what the result would be using party affiliation results found by Rasmussen as of early September and Gallup as of before the Democratic National Convention. Here's what happens when one removes the stench from Pew's poll:

September 19, 2012, 11:41 PM EDT

Once again, a reporter from the Associated Press, aka the Administration's Press, has told a major fib about the situation in the new-home construction industry, thereby vastly exaggerating its degree of improvement -- claiming a 60% surge during the past nearly 3-1/2 years when it has been 15% at most.

Today's figures from the Census Bureau on housing starts weren't terrible, but they surely weren't cause for major optimism -- except at the AP, where Martin Crutsinger cited "steady progress in the housing recovery" and committed the same serious mistake other AP writers have made (examples here, here, and here), namely pretending that the term "housing starts" has the same meaning as "home construction."

September 18, 2012, 11:49 PM EDT

It was probably an accident, but the Associated Press's headline writers, in framing the wire service's story about Fedex's quarterly results and economic outlook released earlier today, created a headline that the Obama administration will find completely unhelpful: "FEDEX SAYS ECONOMY IS STALLING, CUTS OUTLOOK."

Most U.S. readers and probably most of AP's subscribing print, online, and broadcast outlets will, if they only see the headline, believe that it primarily refers to the U.S. economy. Meanwhile, AP Business Writer Samantha Bomkamp, with the help of Martin Crutsinger, mimicked Fedex's odd spin on its result, making sure that those who bothered to get to the verbiage understand that the company believes that the world economy is what is really stalling by using the word "global" five times in her first five paragraphs. The trouble is that if one looks at the company's revenue in detail, it's clear that that the bigger slowdown is actually occurring in the U.S (the company's press release, which has a link to the longer PDF release, is here).

September 18, 2012, 5:47 PM EDT

Let's see. The supposed consensus at Real Clear Politics shows Mitt Romney trailing Barack Obama by less than three points. As shown yesterday, one of the most recent five polls used in RCP's calculations from CBS and the New York Times is so cooked that it weighted registered Democrats over registered Republicans by 35%-22% -- so you can easily knock more than a point from Obama's lead for that item alone. Rasmussen has Romney up by two, and Gallup has gone from Obama +6 to Obama +1 in just a week.

So naturally, according to John Whitesides at Reuters, it's Romney's campaign which is "reeling" (bolds and numbered tags are mine):

September 18, 2012, 4:02 PM EDT

BizzyBlog and NewsBusters commenter dscott brought an item at a Washington Post business blog to my attention earlier today.

Entitled "Fed action a welcome move for small businesses" and appearing very early this morning, it claims that Federal Reserve Chairman Ben Bernanke's third round of quantitative easing, aka QE3, is "confidence-building move" and "a reassuring sign to the financial markets as it signals to investors that U.S. monetary policy will serve as a stabilizing partner as our economy continues to improve. Its author, Sharon Jenkins, described as "is principal and lead strategist at Alexandria-based My Brothers’ Business Enterprises," is not a regular at the blog; unlike all others I saw, her name isn't even hyperlinked at her post. So who is this "Sharon Jenkins"?

September 18, 2012, 10:24 AM EDT

Call it "Politico Protection."

Clay Waters at NewsBusters has already exposed the passive-aggressive anti-Semitism in Maureen Dowd's Sunday rant ("Neocons Slither Back") at the New York Times. So did Politico's Dylan Byers, who nonetheless thought that the Obama campaign's tweet supporting Dowd's column via its "Truth Team" (and, by inference,their  endorsement of her "neocon puppet master" premise) was so unimportant that he didn't mention it until his final paragraph. Excerpts from Byers weakly headlined item follow (HT Twitchy):

September 17, 2012, 8:17 PM EDT

In a campaign season which is on track to go down as the worst ever for cooked polling, one from CBS News and the New York Times has outdone everyone to this point.

Clearly, they didn't like what a properly weighted result would have told them, which is that Mitt Romney is in a deadlock with Barack Obama if one uses Gallup's party affiliation numbers from before Democratic National Convention, or that he's up by five points if one opts for Rasmussen's affiliation numbers. In their latest poll, with registered voters, CBS/NYT not only oversampled Democrats, but they took the number of actual responses and further weighted them towards Dems, as seen after the jump.

September 16, 2012, 9:43 PM EDT

On September 10, in a writeup which should qualify them for immediate entry into the Journalistm Hall of Shame, the Associated Press's Julie Pace and three other assisting reporters, acting as virtual stenographers for the Obama administration and water-carriers for his reelection campaign, declared that "It will be a rare day on the campaign when terrorism, or national security for that matter, will be a center of attention," while insisting that Obama has the presumptive upper hand in such matters.

Oops. Excerpts from their write-up follow the jump. It would be funny if it weren't so tragically sad (bolds are mine):

September 14, 2012, 8:11 AM EDT

Yesterday, Uncle Sam's Monthly Treasury Statement for August officially confirmed the Congressional Budget Office's Monday estimate of how horrid it would be. The August deficit, driven by $369.393 billion in spending, the highest such single-month total in U.S. history, was $190.533 billion, the largest August deficit ever reported.

Naturally, Daniel Wagner at the Associated Press failed to report either record. Additionally, as seen here (saved at host for future reference, fair use and discussion purposes), the wire service's news prioritizers had already removed Wagner's report from its top ten business stories by 5:05 p.m., only 2-1/2 hours after its 2:32 p.m. time stamp (apparently more important: Microsoft's malware problem in China and a second story on the new iPhone 5). Excerpts follow the jump.

September 13, 2012, 4:13 PM EDT

A report yesterday in the Toronto-based Globe and Mail ("Obama’s reaction to Benghazi will be muted") concerning the September 11 attack on the U.S. consulate in Benghazi, Libya caught my eye. Right there in its third paragraph, Alan Jamieson said that "On Wednesday, the U.S. consulate in Benghazi, Libya, was destroyed by Muslim militants."

"Destroyed"? I hadn't read that anywhere else. CNN and many other U.S. news outlets described what happened in Benghazi as an "attack" -- as if the damage done, even if serious, was not in effect a demolition. The distinction seemed particularly germane to a report yesterday in the Associated Press about Marines being dispatched to Libya:

September 13, 2012, 12:20 PM EDT

Whoever wrote the Associated Press's brief dispatch yesterday on the results of the government's auction of 10-year Treasury notes seemed to be stunned and on the defensive about its result.

The item, entitled "Weak Demand at Auction of 10-Year U.S. Treasury Debt," began as follows: "U.S. Treasury prices dived Wednesday after an auction of 10-year notes drew very weak demand, signaling a lack of appetite for ultra-safe investments." Gee, I wonder why there's a "lack of appetite"?

September 12, 2012, 10:22 PM EDT

In her writeup covering the Census Bureau's latest release of income and poverty data, Hope Yen at the Associated Press quoted University of Michigan economist Sheldon Danziger, who specializes in "Applied Policy, Labor Markets, Poverty and Social Welfare," describing the news that the official poverty rate was statistically unchanged, moving from 15.1% of all Americans to 15.0%, as "good news and surprising."

Mr. Danziger should consider moonlighting as a stand-up comedian. With laugh lines like that and another one which will be seen in the excerpt after the jump, he's a can't-miss prospect, even if his delivery is as deadpan as Steven Wright's. But, as will also be seen shortly, he has stiff competition from White House bloggers. In both cases, audiences will be laughing at them, not with them (bolds are mine):

September 12, 2012, 11:17 AM EDT

After reading Ben White's "Morning Money" report at the Politico this morning, I went back to Real Clear Politics to make sure that I was up to date on the current polling. Currently, RCP has Barack Obama up by 3.2 points over Mitt Romney in an average of the five most recent polls -- and at least two of those polls are cooked.

But if we're to believe White, "bankers and their lobbyists" are already talking "about what went wrong with the Romney campaign, as if there is no chance the GOP nominee will turn it around and eke out a close win over President Obama."

September 12, 2012, 9:43 AM EDT

In this case, instead of "all the news that's fit to print," it's all the news that's fit to downplay.

While relegating news of the attacks on the U.S. embassy in Cairo and the American Consulate in Behghazi, Libya to Page A4, today's New York Times placed the following stories on the front page of its New York and National editions (HT Daniel Drezner via Instapundit):

September 11, 2012, 8:45 PM EDT

If you tried to get a handle on the showdown between Chicago Public Schools and its teachers' union based on picture captions from the Associated Press, you would think that the teachers' strike has nothing to do with money.

The reality is that Chicago's teachers are, depending on the figures quoted, either the highest-paid cadre of K-12 educators in the nation or so darned close to it that their current demand for a 16% increase over the next four years (down from an original 35%, as Ken Shepherd at NewsBusters noted earlier today) will put them easily 10% ahead of any group of teachers anywhere else in the nation. With that in mind, let's look at the content of the various picture captions I located as I reviewed the wire service's latest strike-related stories.