The press loves billionaire Warren Buffett, who can be relied to support President Barack Obama even in implausible circumstances — such as the current economy, where the "recovery" following the 2008-2009 traditionally defined recession has been worse than any since World War II, and barely better than what was seen during the awful post-Depression 1930s.
Thus far, the press has managed to ignore one of the implications of the first quarter's serious contraction. One more quarter of economic contraction could mean that the end of the recession, as Buffett himself has defined it, failed to permanently arrive.
This goes back to a week ago Saturday morning, but given the content and that it occurred on a weekend, it really needs more visibility.
On June 28, Juan Williams put in an appearance on a Fox News "Cashin' In" show panel which discussed the IRS scandal. Host Eric Bolling discussed poll results revealing that three-quarters of Americans believe that the IRS deliberately destroyed emails, and overhwelmingly want to see people involved in destroying the emails to be held accountable. The video after the jump, accompanied by Mediaite coverage containing key quotes, will show that Williams not only insists that he is completely unimpressed with the newsworthiness of the story, but also believe that those who believe it to be important are engaging in a "paranoia conspiracy" (Warning: Those who are on blood pressure meds should make that they have taken them and have allowed enough time to pass for them to achieve their proper effect; bolds are mine):
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.'"
About five hours after the post's appearance, Brazile tweeted her clear approval (HT Twitchy). While we appreciate any traffic which might have come this way as a result of Brazile's tweet, it's hard to imagine that Al Gore's 2000 presidential campaign manager has switched sides. It's far more likely that she didn't bother reading the underlying post. The tweet follows the jump:
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's Robert Stein made on Thursday isn't directly provable. But the fact that an acceleration in job growth and a significant reduction in the unemployment rate have occurred in the six months since extended unemployment benefits expired is hard to explain away as some kind of lucky coincidence — especially given the endless blather of "weather" excuses the press and the administration have made about the economy in general since early this year. Video and a transcript follow the jump.
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 — er, Wiseman — never mentioned the following (to name just a few): two straight months (April and May) of real declines in consumer purchases; the seasonally adjusted decline of 523,000 in full-time employment paired with an increase of 799,000 part-time jobs in June; April’s and May's trade imbalance coming in worse than March’s, which was already very high; shipments of durable goods barely budging in April and May; factory orders falling in May; or May's flat construction spending. It got worse, as Wiseman concocted five reasons why the U.S. economy is a "world beater." Excerpts from Paul's pathetic prose follow the jump (bolds and numbered tags are mine):
A prominent exhibit explaining why the nation's trust in its media establishment has dropped to precipitous lows would likely include Tom Cohen's Thursday afternoon column at CNN expressing befuddlement over President Barack Obama's unpopularity.
After all, Cohen's headline crows that under Obama we have "more jobs" and "less war" (!), so there's a "disconnect" which must be explained. To give you an idea of how pathetic his attempt is, he managed not to mention any form of the words "immigration," "scandal," or "contraction" (as in, the first-quarter decline in GDP) while pretending to present a complete analysis. Meanwhile, one of CNN's embedded headline links to another story ("Obama to Republicans: 'So sue me'") openly mocks Cohen, doing a better job of explaining the "disconnect" in six words than anything he wrote in his first 37 paragraphs. Excerpts follow the jump (bolds are mine throughout this post; numbered tags are mine):
Attempting to take historical revisionism to an absurd level, New York Times "Arts Beat" reporter Jennifer Schuessler claims that the removal of a long assumed to be present period at a critical point in the Declaration of Independence — smack dab after the identification of its three God-given rights — may radically change the document's meaning from its common understanding.
Naturally, the period's removal supposedly provides government with powers at least on par with those of the people. Excerpts from Schuessler's Page 1 schlock (HT Tom Maguire), aided by a left-leaning professor's failure to comprehend the English language, follows the jump:
The identity of President Obama's nominee to head the scandal-plagued, bloated mess known as the Department of Veterans Affairs was known on Sunday.
Very few news outlets (the Fox news item just linked is an exception) noted that Obama's pick was particularly odd because McDonald's run as CEO at Procter & Gamble was not considered a success. He was essentially forced into retirement after four years at the helm in May 2013.
On June 18, Catholic broadcaster Eternal Word Television Network suffered a serious religious freedom setback when "A federal judge in Alabama ... dismissed a Catholic broadcaster's legal claim that requiring employers to include contraception in their health care coverage is unconstitutional." The Associated Press, aka the Administration's Press, felt that story was important enough to merit coverage at its national site — and in fact, two weeks later, the story is still present there (also saved here for future reference and fair use and discussion purposes).
After that June ruling, EWTN promised that it would appeal. A July 1 compliance deadline and daily fines which would have almost certainly put the network out of business loomed. Yesterday, in the wake of the Supreme Court's Hobby Lobby decision, EWTN scored what Life News's Steven Ertelt called "a resounding victory," when it "was granted last minute relief from the Eleventh Circuit Court of Appeals," thus enabling it to "freely practice what it preaches while it pursues its claims in court." A search on "EWTN" at the AP's national site indicates that it has no story there on this development. The wire service does have a Monday afternoon local/regional story on the news:
Shortly after 3 PM Eastern Time Monday afternoon, an outfit called "Faithful America" issued a "Media Advisory" for an event which would take place at 7:30 PM Central Time.
In the email, Faithful America claimed to be "the largest and fastest growing online community of Christians taking action for social justice," and to have 300,000 members. They may have that many members, but only about 0.01% of them showed up for the event involved: a "vigil" opposing today's Supreme Court decision at Hobby Lobby's flagship store in Edmond, Oklahoma. In covering the titantic event, Edmond Sun reporter Mark Schlachtenhaufen appears to have exaggerated the puny turnout, and made the same misstatement concerning the circumstances of the case we've seen constantly in the national press (bolds are mine):
In an MSNBC interview today, Nina Totenberg, National Public Radio's longtime Supreme Court watcher, attempted to portray the Supreme Court's Hobby Lobby decision as possibly wide-ranging, and even advised viewers that Anthony Kennedy's presence on the court may be the only thing preventing it from bringing in an era of sex and "foreign origin" discrimination by "hundreds and hundreds and thousands and thousands of companies."
Video follows the jump (HT Hot Air). Be sure to hang in there until the end, where Totenberg stammers as she appears to be grasping for more fuel to throw onto the fire, and ends up ridiculously claiming that a person's "foreign origin" may become a basis upon which employers can discriminate (bolds are mine throughout this post):
USA Today reporter Richard Wolf's afternoon coverage of the Supreme Court's Hobby Lobby decision this afternoon appeared to be completely ignorant of the dire financial consequences which would have been visited on the company had it lost today.
He also allowed unscientific and objectively wrong arguments about conception to be advanced by those who wanted to see Hobby Lobby defeated. Excerpts follow the jump (bolds and numbered tags are mine):
Hank Paulson, whose claim to fame in the public sector is panicking and browbeating the nation and its Washington politicians into accepting the Troubled Asset Relief Program in late September 2008, and who just two weeks later "put a (figurative) gun to the heads" of large-bank CEOs to "persuade" them to accept federal "investment" in their enterprises, has re-emerged to tell us, according to the Hill, that "Republicans are 'ready for a serious discussion' on climate change."
As a reminder, in 2007, the late Robert Novak wrote that Paulson "contributed to Bill Clinton in 1992, Democrat Bill Bradley's 2000 presidential campaign, the feminist Emily's List and Wall Street's favorite Democrat, Chuck Schumer," before financially supporting George W. Bush in 2004. Paulson was also "regarded in his own administration as less a true Republican secretary than a transition to the next Democratic Treasury." One of Paulson's current assertions parrots global warming alarmists' claims in mid-May that that a serious and supposedly irreversible collapse of Antarctic Sea ice will catastrophically raise worldwide sea levels. Over the weekend, meteorologist Joe Bastardi, Chief Forecaster at WeatherBell Analytics LLC, relayed some very inconvenient data (bolds are mine):
An undated but clearly recent page at the National Wildlife Federation breathlessly warns readers, in a section entitled "Threats from Global Warming," that "Lake Erie water levels, already below average, could drop 4-5 feet by the end of this century, significantly altering shoreline habitat." A Thursday Huffington Post Canada Business entry observed that "the (Great Lakes) basin has experienced the longest extended period of lower water levels since the U.S. and Canada began tracking levels in 1918." Of course, it's because of "climate change."
Friday, Julie Bosman at the New York Times reported (HT Powerline) that "The International Joint Commission, a group with members from the United States and Canada that advises on water resources, completed a five-year study in April 2013 concluding that water levels in the lakes were likely to drop even farther, in part because of the lack of precipitation in recent years brought on by climate change." But the reason Bosman was on the story is because — fortunately for area residents, but unfortunately for "startled" global warming adherents claiming to be "scientists" — Great Lakes sea levels are rising again (bolds are mine throughout this post):
In a Thursday evening writeup about how the U.S. Fish and Wildlife Service will allow a California wind farm to "become the first in the nation to avoid prosecution if eagles are injured or die when they run into the giant turning blades," reporter Scott Smith at the Associated Press, aka the Administration's Press, took a big gulp of his hi-test White House koolaid, and wrote: "Under President Barack Obama, wind energy has exploded as a pollution-free energy source that can help reduce the greenhouse gases blamed for global warming."
Math is hard over at the Department of Labor these days, pretty much from top to bottom. Last Friday, the DOL listed what it says were the 31 states which showed "statistically significant" job growth in the 12 months ended in May. It turns out that six other states should have been on that list, dropping Ohio, which was the slowest-growing among those originally listed, from number 31 to 37.
Labor Secretary Thomas Perez, and apparently the rest of the country, has a really big problem. He claims that his department has trained 84 million workers during the past six years, yet millions and millions of Americans are somehow still unemployed. The opening portions of a speech Perez made on July 19 at the National Fund for Workforce Solutions Annual Meeting follow the jump (HT to a frequent emailer; bolds are mine throughout this post):
In an exercise supposedly "aimed at understanding the nature and scope of political polarization in the American public, and how it interrelates with government, society and people’s personal lives," the Pew Research Center for the People & the Press has published a 185-page report containing some of the most ridiculous either/or questions I have ever seen in a polling effort. Its mission seems to be to demonize anyone who believes that government aren't particularly good or effective at what they do, and anyone who thinks there are limits on what it can or should do.
One of the most egregious pieces of either/or nonsense caught the attention of liberal-leaning blogger and law professor Ann Althouse. Participants had to choose between the following two statements: "Poor people have it easy because they can get government benefits without doing anything," or "Poor people have hard lives because government benefits don't go far enough to help them live decently." Pew, which divided voters into different "typologies," reports that a combined 80-plus percent of those who it typed as "conservative went with the "have it easy" choice.
Slowly but surely, the confident assurances of a fantabulous second quarter for the U.S. economy — one which is supposed to make the serious first-quarter contraction reported on Wednesday a distant memory — are crumbling.
Yesterday at the Associated Press, Martin Crutsinger, who just a couple of weeks ago had been relaying confident second-quarter predictions of annualized 3.5 percent and even 4 percent growth, quoted a still-optimistic economist who, in Crutsinger's words, "said strength in other areas (besides yesterday's weak consumer spending report — Ed.) should still lift economic growth to around a 3 percent annual rate in the current quarter." Today, in covering the University of Michigan's consumer confidence report, Christopher Rugaber, Crutsinger's dynamic duo buddy at the AP, brought the growth figure down to a level which won't even offset the dreadful first quarter:
A staple of establishment press reporting is to attribute a contention to a limited group of people to either place the truth of a statement into doubt, or to make it appear that only the group involved holds that opinion. Examples taking this to the absolute extreme could include: "Conervatives say the sun rises in the east and sets in the west," and "Republicans believe that abortion takes a human life."
Note that I didn't write that such extreme examples never occur in establishment press reporting. That's because they sometimes do, even to the point where the reporter(s) involved don't recognize how utterly ignorant and contradictory their content is. Take the following two bolded paragraphs from the Associated Press's terse, "Let's make this story look boring, and tell them as little as we possibly can" story about the National Organization for Marriage's court victory over the IRS in the release of its donor list (report produced in full because of its brevity, and for fair use and discussion purposes):
My, those "this quarter's really, really going to be great" predictions can disappear so quickly these days.
Yesterday, in the wake of the government's third revision to gross domestic product showing that the economy shrunk by an annualized 2.9 percent during the first quarter instead of the previously reported 1.0 percent, commentators, analysts, and economists fell all over themselves insisting that the second quarter and the rest of the year will be fine. The reaction at Goldman Sachs was — get this — to raise their estimate for second-quarter growth from an annualized 3.8 percent to 4.0 percent. Today, in the wake of a particularly weak consumer spending report for May, the backpedaling — well, partial backpedaling — is under way, particularly at the Associated Press (bolds are mine):
The press, even in the wake of yesterday's awful reported 2.9 percent annualized first-quarter contraction, continues to regale us with noise about the economy's "recovery" during the past five years.
As P.J. Gladnick at NewsBusters noted yesterday, CNNMoney.com's Annalyn Kurtz, in giving readers "3 reasons not to freak out about -2.9% GDP," concluded her report by telling readers that "This recovery is underway, but it's choppy and still very slow." Actually, it may have resumed this quarter. At the Associated Press yesterday, Martin Crutsinger all too predictably wrote that"the setback is widely thought to be temporary, with growth rebounding solidly since spring." After almost five years of this nonsense, it's long past time that they start telling readers, listeners, and viewers that this economy bears more resemblance to the 1930s economy under Franklin Delano Roosevelt than it does any post-downturn economy we've seen since the end of World War II. Hard proof follows the jump.
News reports indicate that Vincent A. "Buddy" Cianci, who was Mayor of Providence, Rhode Island from 1975 to 1984 and 1991 to 2002, is again running to be mayor of the Ocean State's capital city. The opening sentence at the Associated Press's Thursday morning story calls him a "twice-convicted felon who led Providence as mayor for 21 years," who is going "to run as an independent."
Local web news outlet GoLocalProv reports that"Cianci has filed papers Wednesday declaring his candidacy for Mayor of Providence - as an Independent." Cianci's Wikipedia entry indicates that he was a Republican from 1974 until December of 1982, and has been an independent for the past three decades. All of this makes it mystifying how a Google search on the former two-time mayor's name, as seen after the jump, could tag him as a Republican:
Behold Stein's tweet, which, modified to defend the indefensible in the Obama administration, essentially goes like this: "See, Chris told his parents that the dog ate his homework. Doesn't that help prove that our dog might really have eaten my homework?" But instead of a dog, it's the big, bad IT monster which crashes computer hard drives (HT Twitchy):
On Tuesday, the Brookings Institution, with a David Leonhardt column at the New York Times serving as its de facto press release, published a study (full PDF here) entitled, "Is a Student Loan Crisis on the Horizon?" Unsurprisingly, their finding, in one word, was "No." Their more qualifed finding: "[I]n reality, the impact of student loans may not be as dire as many commentators fear." Their underlying "logic": "typical borrowers are no worse off now than they were a generation ago."
It's bad enough that much of the data presented by Beth Akers and Matthew M. Chingos, the study's authors, directly contradicts the sunshine they're trying blow up our keisters. What's even worse is that you don't even need to dig into the detail once you learn which year's data they used — 2010. For heaven's sake, guys, total student loan debt has grown by between 50 percent and 60 percent since then.
Sounding a familiar theme at the Associated Press ahead of awful economic news, Christopher Rugaber and Martin Crutsinger prepared a column in advance of tomorrow's final report on the economy's first-quarter economic contraction reminding us, with far more certainy than is justified, that "A GRIM US ECONOMIC PICTURE IS BRIGHTENING."
Guys, before you "brighten," you first have to step out of the darkness. According to the wire service's dynamic duo of reporting on the economy (I guess I could add Josh Boak and call them "the three amigos"), tomorrow's report on the nation's first-quarter Gross Domestic Product is expected to show that it contracted by "nearly 2 percent" on an annual basis. AP reports a week ago didn't include "nearly." Bloomberg News is currently predicting a contraction of 1.8 percent. I'd like to be wrong, but I'm concerned that it might be significantly worse. But Rugaber and Crutsinger say, "Don't worry, be happy; the rest of the year will probably be fine" (bolds and numbered tags are mine):
In a Thursday New York Times op-ed, columnist Timothy Egan, who previously "worked for 18 years as a writer" at the Times, went after Wal-Mart as "net drain on taxpayers, forcing employees into public assistance with its poverty-wage structure." In his view, working at Wal-Mart and receiving its "humiliating wages ... certainly keeps you poor."
At the company's blog, David Tovar, Walmart's vice president for corporate communications, armed with a photocopy of Egan's op-ed and a red pen, ripped Egan's contentions to shreds (portion presented was reformatted to fit the available space; HT Instapundit):
As I noted yesterday, the Associated Press's Alicia Caldwell managed to ignore President Barack Obama's unilaterally imposed and recently extended "Deferred Action for Child Arrivals" (DACA) policy as the most obvious explanation for the sudden wave of "Unaccompanied Alien Children" (Homeland Security's term) illegally crossing the nation's southern border.
As weak as her report was, it had one very useful finding, namely that these young arrivals "can live in American cities, attend public schools and possibly work here for years without consequences." A "former director of the Immigration and Customs Enforcement office responsible for finding and removing immigrants living in the country," bluntly asserted that "They almost never go home." That factual situation directly contradicts a statement made by new White House press secretary Josh Earnest in his maiden press briefing on Friday — a statement which Caldwell, conveniently for the administration, did not report.
In a flawed Sunday morning report on the wave of "Unaccompanied Alien Children" — that's the Department of Homeland Security's term — illegally crossing the nation's southern border, the Associated Press's Alicia Caldwell passively noted that the influx "is widely perceived as becoming a humanitarian crisis." Then, in her very next sentence, she wrote that "The system is now so overwhelmed that children are being housed in Border Patrol facilities ill-equipped to handle them." Is that statement a real or "perceived" fact, Alicia?
The AP reporter, supposedly revealing the results of a wire service "investigation," blamed the situation on "an overburdened, deeply flawed system of immigration courts and a 2002 law intended to protect children's welfare." Amazingly — well, it would be amazing if this wasn't the Administration's Press — this clueless collection of Inspector Clouseaus assigned no blame to the most obvious culprit, namely President Barack Obama's unilaterally imposed and widely reported (including by Caldwell herself) "Deferred Action for Child Arrivals" (DACA) policy in 2012. Two weeks ago, the administraion extended DACA.
Though the Associated Press is covering "the waves of immigrant children crossing the border illegally" (AP's words), the wire service doesn't seem to believe the story is particularly important. As of 8:15 this morning ET, the situation had no presence on its "Big Story" page. The dominant "Big Story"? How made-up "scandals" and Democratic Party prosecutor-driven "criminal investigations" are hurting the potential 2016 presidential candidacies of Wisconsin Governor Scott Walker and New Jersey's Chris Christie.
There are four "non-Big" AP stories on the "wave" (here, here, here, and here). One of those stories reports that "The spike in border crossers - southern Texas is now the busiest border crossing in the country - prompted the Homeland Security Department earlier this year to start sending families to other parts of Texas and Arizona for processing before releasing them at local bus stops." Here's a reasonable question which the AP reporters seem uninterested in pursuing: Why did DHS request private help in responding to the influx — in January — indicating that it somehow knew that the wave was coming?
Yesterday's NBC News/Wall Street Journal poll garnered a great deal of attention, primarily because of its findings about President Barack Obama, particularly the one showing showing that "54 percent – believe the term-limited president is no longer able to lead the country."
The poll also asked respondents a series of three questions on the Common Core standards which were clearly designed to elicit majority support for them and to then mislead the public into believing that the opposition is a noisy, anti-Obama minority which should be ignored. Stories covering the poll at both NBC and the Wall Street Journal indicated as much.