CNBC's Suze Orman bills herself as an "internationally acclaimed personal financial expert."
This "financial expert," appearing on HBO's Real Time Friday, said that in 2012, "We are average [sic] 200,000 jobs a month that are being created...[Obama's] done so much in the past four years I can’t even tell you" (video follows with transcript and commentary):
In this week's "Is He Really This Stupid or Just a Bald-Faced Liar" segment, HBO's Bill Maher Friday night once again proved that he is either one of the dumbest people on television or is way too dishonest to have his own show.
On the most recent installment of Real Time, the host emphatically claimed, "We've lost 500,000 public sector jobs since Obama took office and added 3.7 million private sector jobs" (video follows with transcript and commentary):
It certainly is no surprise the Obama-loving media are doing a jubilant victory lap over the stronger than expected headline figures in Friday's unemployment report.
Also not at all shocking was MSNBC's Martin Bashir falsely claiming on the show bearing his name Friday, "Under this president over three million private sector jobs have been created" (video follows with transcript and commentary):
While NBC correspondent Peter Alexander noted on Tuesday's Today how "Republicans are jumping on the president's choice of words" in telling a woman her husband's long-term unemployment was "interesting" to him, neither ABC's Good Morning America nor CBS's This Morning bothered to highlight Obama's aloof flub.
The NBC report played the sound bite of the president's remark: "It is interesting to me – and I meant what I said, if you send me your husband's resume I'd be interested in finding out exactly what's happening right there – because the word we're getting is, is that somebody in that kind of high-tech field, that kind of engineer, should be able to find something right away."
Scott Pelley simply got it wrong on Tuesday's CBS This Morning, when he claimed that the Republican presidential candidates "have finally arrived in a state that was very hard hit by the great recession and has been suffering for a very long time. The unemployment rate here is about 10%." In reality, South Carolina, the state that held the last GOP primary, has about the same unemployment rate, at 9.9% [audio available here; video below the jump].
Two weeks earlier, on the January 17 edition of his CBS Evening News program, Pelley introduced a segment with John Dickerson, who was in the Palmetto State, which referenced the national unemployment rate. But neither on-air personality mentioned the specific unemployment rate inside the state:
A report carried at CBS News in St. Louis from Jim Anderson of the Illinois Radio Network (IRN), which appears to be a private entity, tells readers that a research study (summary; PDF of relevant chapter) published by the Institute of Government and Public Affairs (IGPA) at the University of Illinois has identified "a combination of tough policies (which) could bring the state into fiscal balance by the end of the decade." To be clear, the end of the decade is seven years and eleven months from now.
Predictably, the "tough policies" include "maintaining increased income tax rates after they are scheduled to expire." On the spending side, what IGPA describes as "extreme austerity" means "keeping the growth rate of all spending down to 2.1 percent per year." Those who would rather not look at IGPA's detail can be forgiven, because the opening paragraph of the linked chapter above, which IRN did not cite, gives away the researchers' detachment from reality:
In what amounted to a love letter to California's Democratic Governor Jerry Brown on Thursday's NBC Nightly News, special correspondent Tom Brokaw gushed: "It's not sunshine every day for the California economy, but Jerry Brown has not given up on big dreams. His new big dream, a high-speed rail line from the north to the south..."
Anchor Brian Williams set the scene for Brokaw's fawning report: "California is mounting a comeback led by a man whose name has been synonymous with California government for decades." Brokaw sympathetically declared: "The one-time boy wonder of California politics is now the state's aging lion....Sticking up for his state."
Two examples of poor press handling of what initially appeared to be fairly good news about initial unemployment claims last Thursday got lost in the pre-South Carolina primary hubbub.
The first and most obvious was in the writeup presented by the Associated Press's Chris Rugaber. In his fourth paragraph, he raised the threshold below which a consistent level of weekly claims might be expected to move the unemployment rate downward by 15% from where it was less than 2-1/2 years ago:
In their attempt to demonize Republican presidential candidate Mitt Romney, the Obama-loving media have been misinforming Americans that venture capitalists are robber barons and corporate raiders preying on failing companies to suck every penny out of them with total disregard for employees.
What these ignorant and/or dishonest members of the press are hiding from the electorate is that venture capital-backed companies were responsible for 21 percent of the Gross Domestic Product in 2010 while creating 11 percent of the nation's private sector jobs.
On Tuesday's CBS This Morning, Charlie Rose hinted Newt Gingrich should apologize for a supposedly racially-tinged comment he recently made: "I want to give you an opportunity, because the point was made...about it's better for black Americans to seek a job than it is to seek food stamps, and many people stepped forward to say, isn't that simply true for all Americans who are desperately looking for jobs?"
Rose ended his interview of the former House Speaker with the controversy over a remark the presidential candidate made on January 5 during a campaign stop in Plymouth, New Hampshire: "I'm prepared if the NAACP invites me, I'll go to their convention and talk about why the African American community should demand paychecks and not be satisfied with food stamps."
This critic of the President analyzed the contents of so-called conservative Andrew Sullivan's piece and has come to the conclusion that it is he and the unashamedly liberal magazine he writes for that are lacking in intellectual capacity and/or integrity.
All one needs is read the following from Sullivan's third paragraph to understand the absurdity on display:
On the Monday, January 9, Imus in the Morning, as he was interviewed by phone, New York magazine's Frank Rich - formerly of the New York Times - argued that he believes President Obama should be reelected, and seemed befuddled when host Don Imus, who plans to vote for Mitt Romney, asserted that Obama's foreign policy has been "disastrous." The liberal columnist then tried to give President Obama credit for the death of Osama bin Laden.
After Imus asked, "So you like President Obama, don't you? I mean, you'll vote-"
On Wednesday's CBS This Morning, Charlie Rose acknowledged the widespread spinning of Mitt Romney's "I like to fire people" remark. The anchor asked Romney, "Do you regret the firing comment because of the way it was interpreted by some?" The previous morning, Rose's colleague, Bob Schieffer, was one who spun the GOP candidate's line, claiming it was just shy of saying "Herbert Hoover is my hero."
Schieffer pounced on Romney's "firing" line during a segment with Rose on Tuesday's CBS This Morning, even after correspondent Jan Crawford noted during a preceding report that the sentence was being "taken completely out of context" by several of his Republican competitors. The "Face The Nation" host all but said that the presidential candidate had stuck his foot in his mouth:
Bob Schieffer slammed Mitt Romney on Tuesday's CBS This Morning for his recent "I like to fire people" line, stating that he was "looking for every way he can try to lose and drive down his percentage of victory." He added, "I guess the only thing worse you could say...when people are out of work is that Herbert Hoover is my hero or something like that. It just boggles the mind."
Right after he harped about Romney's apparent incompetence, Schieffer slipped up himself when he confused Ron Paul, one of Romney's competitors, with Les Paul, an early pioneer of the electric guitar [audio available here; video below the jump].
It's more than a little annoying to read a news report containing incomplete information. The irritation level hits the red zone when you realize that the writer is not only concealing important data, but telling you what you're supposed to think about what little he deigned to tell you.
Such was the case with Martin Crutsinger's Associated Press item about the Consumer Credit report issued today by the Federal Reserve. Crutsinger only told us how much debt levels increased without bothering to tell us what those debt levels are -- something a similar AP item in 2004 at the same point in a presidential reelection cycle was eager to disclose. Additionally, Crutsinger framed today's reported expansion as good news while Eileen Alt Powell's January 6, 2004 report framed expanding credit as dangerous. First, several paragraphs from Crutsinger's report (boots-on alert: it gets really, really deep):
In an early-Sunday version of an Associated Press report which has since been revised to exclude the paragraph I'm about to cite, the wire service's Steve Peoples (authorship shown here) apparently had a hard time understanding how Republican presidential candidate Mitt Romney could possibly have criticized President Barack Obama's economic stewardship in Saturday's New Hampshire debate in light of what he (Peoples) must have thought were wondrous numbers in the government's Friday employment report.
Even if you ignore the fact (which you really shouldn't) that December's reported 200,000 job additions after seasonal adjustment hid a mediocre actual performance on the ground in historical context, Peoples' reaction was remarkably ignorant and offensively aggressive:
Even with recent "improvements" which are still weak when compared to other post-World War II recoveries and which, as shown yesterday (at NewsBusters; at BizzyBlog), are less substantive than December's two major reported numbers (unemployment rate of 8.5% and seasonally adjusted job additions of 200,000) would indicate, it seems fairly likely that the nation's unemployment rate will be higher than it has been on the eve of any presidential election since World War II.
Thus, Paul Wiseman of the Associated Press, aka the Administration's Press, felt it necessary to show that what matters isn't the unemployment rate, but instead the rate's trend. In the process, he mischaracterized the state of the economy under Ronald Reagan in 1983 and 1984, ignoring the roaring economic growth which occurred during those two years, and gave only one sentence to a statistic -- number of jobs added or lost -- which has become as important as the jobless rate, if not moreso, in the intervening 28 years:
Reporter Shaila Dewan saw a “head of steam,” enough “to cheer President Obama as he enters an election year,” in Labor Department figures released Friday morning showing the U.S. unemployment rate fell from 8.7% to 8.5%: “Economy Gains Steam as 200,000 New Jobs Added.” Does this mean Dewan will no longer ask, as she did in a 2009 story, "Weren't we working too much, anyway?"
An unbylined item appearing at the Associated Press shortly after midnight (captured in full as a graphic here due to its brevity; for fair use and discussion purposes) crowed about how President Barack Obama "is looking to boost summer job prospects for kids," has "gotten commitments for nearly 180,000 youth employment opportunities for next summer," and only says that "Many of the positions would be unpaid training opportunities."
There's good economic news today, at least for those who only scan headlines. On USA Today's Web site, the headline is "Weekly jobless claims at lowest level in over 3 years." Oh, happy day! The president's stimulus is finally working. But if you read the Associated Press story under the headline, the news isn't quite so sanguine:
The number of people seeking unemployment benefits rose last week after three straight weeks of declines to a level consistent with a modest pick-up in hiring.
Right from the start of her off-lead story Wednesday, New York Times reporter Jennifer Steinhauer dramatically portrayed GOP conservatives (standing firm against a legislative compromise that would temporarily extend the payroll tax cut instead of a long-term solution) as isolated from mainstream politics. “G.O.P. In House Rejects Stopgap On Payroll Tax.”
The establishment press will never tell their readers, listeners and viewers that the five best-performing states in job growth through the first eleven months of this year, as well as nine of the top eleven, have relatively conservative Republicans occupying their respective governors' mansions. If these eleven star performers had only performed as well as the rest of the nation, over 300,000 fewer people would be working, and the unemployment rate would be at least 0.2% higher.
As will be seen after the jump, the list, based on data released today by Uncle Sam's Bureau of Labor Statistics, includes several against which the Obama administration has undertaken significant job-killing or job-deferring actions (i.e., these states have outperformed despite the handicaps, and would have done much better without them):
See-no-evil economic reporting during the Obama years has "somehow" missed a number of developments in the makeup of the American workforce which I believe would not have been missed (or deliberately overlooked, take your pick) if a Republican or conservative were in the White House. One of them relates to full-time employment.
Did you know that seasonally adjusted full-time employment in September 2011 was lower than it was when the recession officially ended in June 2009, and that this was the case for 26 of the first 27 post-recession months? What's more, the economy had over 8.7 million fewer full-time workers in November 2011 than it did when full-time employment peaked four years earlier in November 2007. Proof from the Bureau of Labor Statistics follows the jump.
Appearing on Friday's Hannity on Fox News, during the weekly "Media Mash" segment, NewsBusters publisher and Media Research Center president Brent Bozell detailed ABC's attempt to paint a rosy economic picture to help President Obama and the liberal media's across-the-board effort to slam Newt Gingrich as a "frightening" "political killer." [View video after the jump]
When President Obama put off giving the go-ahead to build the Keystone Pipeline until after the 2012 election, it put the liberal media in a difficult position. Just about everyone from Big Labor to congressional Republicans to the states through which the Keystone would run agrees it would create thousands of jobs, strengthen ties with Canada and reduce dependency on oil from unstable and unfriendly nations.
Obama, who has yet to embrace a jobs scheme that actually produces jobs, bowed to the environmentalists and wealthy celebrity liberals who hate the Keystone Pipeline, which would run from Canada to the Gulf Coast. Journalists like CNN Money reporter Steve Hargreaves were left to defend the decision.
Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. This year the media's myths were wide-ranging: from conspiracy theories about economic sabotage, to overpopulation panic and Occupy Wall Street's mantra "We are the 99 percent."