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“Exposing & Combating Liberal Media Bias”
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UnemploymentEssay: The Media Aren't Talking About Health Care's Lost Jobs and Crushing TaxesWhat’s hidden in health care reform that you haven’t heard about? Plenty. Without a news media interested in questioning the contents of the legislation, how could you know about the punitive taxes and job-killing provisions lurking in it? My clients in the restaurant industry alerted me to the House bill’s mandate that all restaurants and retail establishments that are part of chains, franchise groups or multi-brand groups of more than 20 outlets be required to prominently post accurate calorie counts for most food items sold – including items on salad bars and buffets or self-serve counters. Maybe this seems “healthy” on its face, until you consider the costs, the legal liability incurred in getting inaccurate information and posting it, the competitive disadvantage foisted on businesses with 20+ outlets vs. those with 19 or fewer, and the broader point of health care reform being used as means of creating new and expansive regulatory activity and interference in our lives. (Incidentally, should you happen to own 20 restaurants, I advise shuttering the least productive one or ones and putting the staff on the unemployment rolls immediately. If you were thinking of investing in opening another restaurant and creating jobs, don’t.) Searching for Christmas, and Case of the Missing Layoff Stories
This is the fifth year I have looked into how the media treats these two topics:
I have done three sets of simple Google News searches each year on the Tuesday before Thanksgiving, followed by identical searches roughly two and four weeks later. The cumulative results of all three search sets during the past four years are in this graphic. Year-to-year changes have often been subtle. That is anything but the case with the results of the first set of searches I did at roughly 10 a.m. ET. In the context of the current economy, they are stunning, and very revealing: Arianna Huffington: Is Unemployment Obama's Hurricane Katrina?
Over the weekend it was Chris "Tingles Up My Leg" Matthews calling the former object of his affection "Carteresque." On Tuesday it was Arianna Huffington -- who has spent the entire year pushing for government-run healthcare as well as cap and trade! -- asking an astoundingly dangerous question for such an unashamed minion: "Will The Unemployment Disaster Be Obama's Katrina?" Yep. In her recent HuffPost column, Arianna used the K-word (h/t Hot Air): CBS Catches Up with Conservatives and Realizes Obama Has 'Credibility' Problem
The American people are increasingly questioning the President's credibility. He says the stimulus has saved or created 640,000 jobs, but only seven percent of Americans believe it has created any. And he's repeatedly promised health care reform will not increase the deficit, but a mere 19 percent believe him. Reid proceeded to relay how CBS News analyst John Dickerson “says for many Americans there's a basic disconnect -- a President who promises to trim the budget but only seems to want to spend and spend.” More amazing for CBS, Reid noted how “highly respected foreign policy analyst Leslie Gelb” called Obama's just-completed Asia trip “'amateur hour' for failing to get deals locked in before the President left home.” Times Shills for Second Stimulus, Ignores Widespread Fraud in First A "new consensus" has emerged on the success of the economic stimulus package, according to a New York Times headline. In touting the supposed success of the legislation, and hinting at support for another round of spending, the Times neglected to mention the widespread fraud that characterizes the administration's attempt at shoring up the economy.As reported by P.J. Gladnick on Saturday, the Times made sure to attribute its claims to "dispassionate analysts," and asserted that the stimulus is "helping an economy in free fall a year ago to grow again and shed fewer jobs than it otherwise would." Gladnick thoroughly debunked this claim, and others, in his NB post. In a further show of bias, the Times article makes no mention of the 76,779 jobs that were not actually "saved or created" by the package, but were added to the number touted by the administration (interactive map embedded below the fold - h/t Examiner's Freddoso, Spiering, and Hemingway). Given that this number is roughly 12 percent of the 640,000 jobs the administration claims to have "saved or created," it might merit a mention in the Times's story. MSNBC’s Ratigan Wonders If Americans Should ‘Stop Whining’ Citing a Democratic congressman who recently proposed a no whining day, on Friday’s Morning Meeting on MSNBC, host Dylan Ratigan asked: “...unemployment, health care, a couple of wars, Americans got plenty to be frustrated about these days...But some people say stop the whining....Is ‘shut up and deal’ the new American mantra?”
Ratigan made that question the topic of discussion for the ‘Trend or Talker’ segment near the end of 9:00AM ET hour of the show with correspondent Contessa Brewer and Financial Times U.S. managing editor Chrystia Freeland. Ratigan explained: “...the congressman, by the name of Emmanuel Cleaver, wants to declare the day before Thanksgiving complaint-free Wednesday.” He wondered: “Worthy proposition?” Brewer replied: “Yeah, absolutely. Here you get a two-fer. No complaints on Wednesday and Thursday gives you something to be grateful for.” Freeland enthusiastically agreed with the idea: “I think the no whining day is a fabulous idea....What they say in preschools, you get what you get and don’t get upset.” Vintage Santelli: PelosiCare Threat to Recovery; Dow Climb Due to Market Bet on Fed Response to UnemploymentA rising Dow Jones Industrial Average (DJIA) means better times are on the way, right? Not necessarily, according to CNBC CME floor reporter and tea party movement inspiration Rick Santelli. Santelli made an appearance on CNBC's Nov. 6 "Fast Money," a show which the host, Melissa Lee, is skittish about a discussion that politics interferes with the market is a reality. Nonetheless, Santelli explained there so happens to be correlation between a rise in unemployment rates and the rise in the Dow Jones Industrial Average. "[I] think we're building a stairway to heaven in Dow prices on the back of paper and I think that, you know it seems kind of dire to me that 8 percent - 8,000, 9 percent - 9,000, 10.2 - 10,000," Santelli said. "I shudder to think where the unemployment rate is going to be at 11 and 12,000 in the Dow." Unemployment Surges to 10.2 Percent, CNN Asks About Second StimulusPresident Obama lobbied for government stimulus almost as soon as he took office. In order to gain passage of that $787 billion spending spree, Obama warned of economic "catastrophe" including double-digit unemployment. Roughly 9 months later, we now have proof that those billions of taxpayer dollars spent didn't stop the unemployment rate from soaring to 10.2 percent. Still, that failure didn't prevent one CNN anchor from asking if a second stimulus might be needed. CNN business correspondent Christine Romans announced the latest jobs numbers on Nov. 6 during "American Morning. She said, "The unemployment rate is 10.2 percent. It is worse than economists had been expecting - 10.2 percent - we have hit double-digits on the unemployment rate now and this is the highest since the early 1980s. The number of jobs lost: 190,000 jobs lost in the month. That is a little worse than we had thought." Following Romans' report, CNN anchors John Roberts and Kiran Chetry consulted author William Cohan, a contributor to The DailyBeast.com and Bloomberg, and Diane Brady, senior editor of BusinessWeek magazine. Both guests were concerned about the rising rate of unemployment and Cohan said he didn't see "anything optimistic about these numbers." Obama administration officials said that with a stimulus package unemployment wouldn't rise above 8 percent, but neither anchor pointed out that failure of the massive spending package. Unemployment Rate Jumps to 10.2%; AP Reports 'Economy Is Rebounding'
This AP report by Christopher S. Rugaber was published earlier this morning before the official unemployment rate was released. Notice how AP tries to cushion the blow by speculating that it would probably just rise to 9.9% for October:
CNN's Romans: Unemployment Benefits Extension 'Would Not Come Out of Your Pocket and My Pocket'
CHRISTINE ROMANS, CNN BUSINESS CORRESPONDENT: You're right. And Heidi, all of those things that you mentioned are incredibly important to your money and all of them could affect you very, very near-term here. This extension of the unemployment benefits, it would be the third. Wait, I Thought It Was Over; AP Blurb Says Recession 'Will Likely Take Years to Abate'
The Associated Press reporter didn't get the memo that recession is supposedly over, and that at a minimum you shouldn't be writing as if it will be with us for a while. She also erred in citing the weak economy as a bad thing for Democrats. The New York Times told us about a week ago that a bad economy is a good thing for Democrats who want to pass state-controlled health care and other freedom-restricting agenda items, because a bad economy increases personal insecurity. They're such pals of the little guy, you see. Both busts against the conventional media wisdom are in Kellman's brief item from late this morning (bolds are mine):
White House's Media Attacks Part of a Troubling Trend
The White House claims, in the words of Valerie Jarret, that it will go after any organization that "spreads false news." But the attacks suggest that the administration will take on any outlet that challenges claims designed to further its agenda. Edmunds calculated the number of cars purchased during the Cash for Clunkers program that would have been purchased without the rebates. The site determined that C4C had incentivized the purchases of only 125,000 automobiles, meaning taxpayers paid $24,000 per car purchase under the program. Kudlow, Santelli: Dollar Devaluation Creating 'Façade' Bush/Obama Interventionist Economic Policies Are WorkingNow that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar. Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (DJIA) is off a March low of 6,547 points, even topping the 10,000-mark recently. But what has caused this nearly 50-percent jump? According to CNBC's Larry Kudlow - loose monetary policy by the Federal Reserve, with low interest rates, has made it possible for the markets to rise, with the 'loose' money going into the market. "The funny thing is, Steven, it has gone into stocks - I mean the stock market guys ... there's no real multiplier for the economy, right?" Kudlow said on his Oct. 30 CNBC program. "But it has gone into stocks and the stock market crowd wants to see the Fed to keep pouring the money in no matter what happens to the U.S. dollar." Politico Says White House 'Under Pressure' Will Announce 1 Million Jobs 'Saved'The Obama administration continues to push its "jobs created and saved" theme, taking credit for up to a million jobs on account of its $787 billion economic stimulus package (roughly a quarter of which has been spent). But some in the media remain skeptical. Politico.com announced on Oct. 30 that White House officials planned a Friday afternoon announcement for the same day claiming "at least 1 million jobs" had been saved or created. Other news outlets, including NPR and CNN, focused on a lower White House claim the same day saying that "more than 650,000 jobs have been saved or created" under the stimulus. The higher claim of 1 million was based on extrapolation - the White House report examined the first $150 billion of $339 billion stimulus funds spent so far. The White House recently "fired back" at Associated Press (AP) for saying that the number of jobs created or saved was "overstated by thousands." AP reviewed data from the first progress report of the stimulus and found huge discrepancies. CBS Says White House Is Fudging Stimulus Jobs Numbers
Consider that on Thursday's CBS "Evening News," Chip Reid began a segment with the following startling statement about a jobs report card to be released by the White House Friday:
Readers are advised to make sure youngsters are out of the room, for watching Katie and the Gang say the White House might be fudging numbers could be way too frightening for minors (video embedded below the fold with transcript, h/t Terri Green, file photo): AP Waters Down Impact of Romer's 'Stimulus Has Had Biggest Impact' Remark, Ignores Other Howlers
Take the wire service's Thursday afternoon AP report by Jim Kuhnhenn on Council of Economic Advisers' chair Christine Romer's observations about the stimulus package. Romer said (in AP's words) that "the government's economic stimulus spending has already had its biggest impact," and will (in Romer's words) "likely be contributing little to further growth by the middle of next year." As you'll see shortly, AP's headline doesn't reflect what Romer said. Additionally, Kuhnhenn allowed Romer to mischaracterize the economy's performance in the second quarter without challenging it, and saved the big news -- yet another administration official admitting that unemployment will stay near double digit through the end of next year -- for his eighth paragraph. Here's a graphic capture of Kuhnhenn's first eight paragraphs, posted for fair use and discussion purposes: Year-end Deficit Report, Part 2: AP's Crutsinger Misses 'The Year of Going Galt'
That's hundreds of billion of dollars lower than the $1.75 trillion expected in February. The change, which caused "investments" in financial institutions, General Motors, Chrysler, and other entities to be accounted for on a "net present value" (NPV) basis, had an initial impact of over $175 billion when first implemented. Crutsinger ignored the change, even though its implementation occurred after that February estimate. Though the end of a fiscal year represents a perfect opportunity to extend readers' understanding of how our government (sort of) works, Crutsinger also did not tell readers that the reported "deficit" is nowhere near the amount of the increase in the national debt that occurred during the fiscal year. As of September 30, the national debt was $11.910 trillion, or $1.885 trillion higher than the national debt a year earlier. That means that the most recent year's "unreported deficit" was $468 billion. One other area where Crutsinger erred was in his breezy opening paragraph assessment that the precipitous drop in cash receipts during the most recent fiscal year -- officially understated for a reason I will note shortly -- was entirely due to the recession: MSNBC: Al Sharpton, Jesse Jackson, What’s the Difference? Showing that Reverends Al Sharpton and Jesse Jackson have become interchangeable, in the 2:00PM ET hour on MSNBC, anchor Contessa Brewer mistakenly introduced Jackson as Sharpton: “Joining me now to talk about this and the nation’s real problem of joblessness, the Reverend Al Sharpton....I’m so sorry, the – the script in front of me said Reverend Al Sharpton...I know who you are, Reverend Jackson.”
Brewer was just starting to bash capitalism as she made the error: “A Goldman Sachs adviser....Brian Griffith says, quote, ‘we have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all.’” She then sarcastically asked Jackson: “What’s your reaction to hearing someone say, you know, when it comes to income inequality, all’s well, the rising tide floats all boats?” Before replying, Jackson had to clarify his identity: “I’m Reverend Jesse Jackson.” Which prompted Brewer’s apology. Jackson went on to argue that Griffith’s claim was a “vulgar statement.” What CNN’s John King Didn’t Ask McCain: If the Wall Street Bailout Was So Bad, Why Did You Vote for It?Here was a chance for Sen. John McCain, R-Ariz. to admit he was wrong, and to conclude publicly that government intervention in the private sector doesn't always result in the best of outcomes. McCain appeared on CNN's Oct. 11 "State of the Union" in a pre-recorded interview and was asked by host John King if the lackluster recovery of the economy warranted more government intervention. "The president has said he's considering new initiatives to help job creation," King said. "They passed one stimulus plan and most Republicans, including John McCain, have been pretty critical of this $787-billion stimulus passed early in the year. Should the President do more now through government spending, though tax incentives or should he wait because, as you have said many times, we have so much red ink, we can't afford much more?" BMI’s Seymour: Reagan Treated 13 Times More Negatively on Jobs Than Obama BMI's Julia A. Seymour appeared on FNC's "America's News Headquarters" to discuss her latest report, "Networks Flip Flop on Jobs."
During Seymour's Oct. 4 appearance, she told host Shannon Bream some of the findings of her report. "Let's talk about who was the president 26 years ago, Ronald Reagan. So how were his unemployment numbers, or what happened under his watch covered as compared to how we see them being covered now under President Obama?" Bream asked. |
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