A truly shocking thing happened on CNN's Fareed Zakaria GPS Sunday.
The perilously liberal host - with journalistically corrupt ties to the current White House - came out against the millionaires' tax known as the Buffett Rule calling it "bad politics in the long run for Obama" (video follows with transcript and commentary):
Although the list is long and undistinguished, PBS's Tavis Smiley said possibly one of the dumbest things he's ever said on television Wednesday.
In a discussion about class warfare and the politics of envy on Fox News's Hannity show, Smiley actually said with a straight face, "No one who happens to be poor wants what Mr. Romney has" (video follows with transcript and commentary):
It has become clear what the Obama campaign's strategy for trying to win states like Michigan and Ohio is and will continue to be. In three steps, it's as follows: 1) Pretend that the states' Republican governors, John Kasich in Ohio and Rick Snyder in Michigan, who both succeeded free-spending Democrats who presided over stagnant economies, have had nothing to do with their increased employment, lower unemployment rates, and improved business climates (as well as balanced budgets in fiscal 2012 involving no tax increases, though Snyder may ruin that in Michigan this year); 2) Instead give the credit for all of these favorable developments to Obama and the governments' bailouts of Chrysler and General Motors; 3) Don't say anything about how other states run by Dems, particularly Illinois, North Carolina, and Connecticut, are lagging because they have instead tried to apply Washington's tax-and-spend model to their states' fiscal situations.
Of course the AP, aka the Adminisitration's Press, is all too willing to make the administration's laughable claims appear credible. It did so in two separate items this week, one giving basic details about the job-market situations in Ohio, Michigan, and North Carolina, and the other covering Obama allegedly improving chances of winning Ohio, Michigan, and a dozen other "swing" states. There was no mention of the Buckeye State's or Wolverine State's chief executives in either article.
The Wall Street Journal's Peggy Noonan appearing on ABC's This Week Sunday gave Keith Olbermann a much-needed education on what living in a capitalist country is all about.
When the disgraced former Countdown host said, "It’s a very large view right now that business has never been viewed less favorably in this country," Noonan scolded, "There is a lot of people who think businessmen create businesses which create jobs" (video follows with transcript and commentary):
Have the executives running MSNBC informed their employees that it's completely acceptable to lie on the air if it helps President Obama win reelection this November?
On Thursday, Martin Bashir flat out lied to make the case to his audience that Republican presidential candidate Mitt Romney is going to hell for supposedly lying when he says the current White House resident promised unemployment would not rise above eight percent if his stimulus package was enacted (video follows with transcript and commentary):
UPDATE: The headline at AP's 9:37 a.m. report now reads "US unemployment claims signal slower hiring." That's nice, but it won't what was broadcast immediately after the report's release until news outlets become aware of the revision.
The games the Associated Press's Chris Rugaber and the wire service's headline writers are playing with the weekly unemployment claims from the Department of Labor are getting tiresome, and grow seemingly more disgraceful with each passing week. Today, DOL told us that initial unemployment claims were 386,000. Last week's 380,000 was revised upward to 388,000. Both figures are significantly higher than the number in the low 360s seen in the four prior weeks. The sadly predictable headline at Rugaber's AP story (saved here at host for future reference, fair use and discussion purposes) follows the jump.
It's difficult to be a good economist and simultaneously be perceived as compassionate. To be a good economist, one has to deal with reality. To appear compassionate, often one has to avoid unpleasant questions, use "caring" terminology and view reality as optional.
Affordable housing and health care costs are terms with considerable emotional appeal that politicians exploit but have absolutely no useful meaning or analytical worth. For example, can anyone tell me in actual dollars and cents the price of an affordable car, house or myomectomy? It's probably more pleasant to pretend that there is universal agreement about what is or is not affordable.
CNN's Soledad O'Brien once again tried to fact-check numbers she took issue with, and once more she failed to refute them. On Monday's Starting Point she took aim at Mitt Romney's claim that women have accounted for 92 percent of the job losses under President Obama.
"That would be a shocking number if it were true, which it really isn't exactly overall," O'Brien began. Yet even ABC's George Stephanopoulos admitted the report was "accurate." [Video below the break. Audio here.]
On Monday's Morning Edition, NPR's Barbara Bradley Hagerty touted how "liberal religious leaders said the Republican [budget] plan...was an affront to the Gospel, and especially Jesus's command to care for the poor." At the same time, Hagerty avoided mentioning the left-wing ideology of two critics of the proposal: Peter Montgomery of People For American Way, and liberal academic Stephen Schneck.
The correspondent did, however, clearly identify Ryan as a "Wisconsin Republican" and Richard Land of the Southern Baptist Convention as part of a "conservative resistance to taxation." She also highlighted how "for other religious conservatives, the Bible is a blueprint for robust capitalism," and cited evangelical radio host David Barton as an example.
On Sunday’s This Week, George Stephanopoulos stumbled into the truth when he told Treasury Secretary Timothy Geithner that Mitt Romney’s statistic, about how 92.3 percent of all job losses since President Obama took office have occurred to women, “is accurate.”
That, however, contradicted the liberal party line espoused by ABC reporter David Muir on Wednesday’s World News when he stated:”The non-partisan group PolitiFact saying that number right there is ‘mostly false,’ arguing the President can’t be held responsible for the job picture the day he took office.”
There was a truly delicious moment on ABC's This Week Sunday that should be mandatory viewing for all liberal media members.
After the perilously liberal editor of The Nation magazine, along with Obama's former domestic policy adviser, blamed all the nation's problems on Republican obstruction in Congress, the Wall Street Journal's Paul Gigot struck back saying, "The first two years [Obama] had open field, Democratic, vast Democratic majorities. You got what you wanted. You got a huge expansion of federal government. How is that working out?" (video follows with transcript and commentary):
Today's Unemployment Insurance Weekly Claims Report from the Department of Labor revealed that, after seasonal adjustment, 380,000 Americans filed initial applications for unemployment benefits the week ending April 7. That figure was 13,000 higher than the week ending March 31. The AP headline at Christopher Rugaber's report as of 9:18 a.m.: "US applications for unemployment aid tick up."
Additionally, the March 31 initial claims figure of 357,000 was revised upward to 367,000. So the April 7 figure of 380,000 -- even before it almost certainly gets revised up next week (upward revisions have occurred in 53 of the past 54 weeks I have tracked) -- is 23,000 higher than what DOL initially reported for March 31. Yet Rugaber didn't tell his readers about the degree of the revision to March 31. Several paragraphs from the AP report, which contains an excuse which seasonal adjustment if done correctly by DOL should have covered, follow the jump (bolds are mine):
On Wednesday's The Situation Room, CNN used a slanted PolitiFact report to dismiss Mitt Romney's claim that "women account for 92.3 percent of the jobs lost under President Obama." CNN correspondent Jim Acosta aired a clip of Romney making the claim before adding that "the watchdog website PolitiFact rates that claim as 'Mostly False'."
PolitiFact even admitted that the campaign's numbers were "accurate," but added that "their reading of them isn't." According to numbers from the Bureau of Labor Statistics (BLS), the Romney campaign's claim is indeed factually correct.
On Friday (covered at NewsBusters; at BizzyBlog), the Associated Press's headline at Paul Wiseman's dispatch after the release of the government's March jobs report was: "US job market takes a break after hiring binge." It was as if they just knew that March was an aberration, and that the "binging" would resume in April.
The markets weren't as convinced today: "Investors had a three-day weekend to brood over disappointing job growth in March. When they got back to work Monday and delivered their verdict, it wasn't good." Wiseman and AP regrouped today, identifying "5 reasons the US job market might be weakening":
Did you know that the economy was on a "hiring binge" until February? Gosh, neither did I until the headline to Paul Wiseman's report at the Associated Press yesterday afternoon informed of that.
I also didn't know that economies took breaks, but that's what the AP's headline said the economy did in March. And don't worry -- "few economists expect hiring to fizzle in spring and summer, as it did the past two years." Correct me if I'm wrong, but they weren't expecting to see fizzling in 2011 or 2010, and guess what happened (or maybe they were just extended "breaks")? What follows are the first five paragraphs from Wiseman's dispatch, plus selected others:
It would seem that Paul Wiseman at the Associated Press had his copy prepared in advance for today's jobs report.
The consensus was that today's report from Uncle Sam's Bureau of Labor Statistics would show that 200,000 seasonally adjusted jobs were added in March. So it was a virtual lock that today's result would mean that the past four months were the best for net hiring in the past two years. Accordingly, after the report's release, Wiseman, despite the disappointing news that March's number was only 120,000, apparently just plugged in the four-month total and ran with it:
Each month before the jobs report is released by the Bureau of Labor Statistics, the hosts and guests of CNBC make predictions about the payroll employment number and unemployment rate.
On April 6, when the March data was released Steve Liesman was the high end predictor, with 290,000, and former Obama economic adviser Austan Goolsbee was low, with 180,000. But everyone turned out to be wrong, when the BLS report showed gains of only 120,000 jobs. The unemployment rate dropped from 8.3 percent to 8.2 percent.
You're going to have a hard time convincing me that Associated Press CEO Dean Singleton's lavish praise of President Barack Obama noted earlier this week by Matt Sheffield at NewsBusters hasn't trickled down to the beat reporters and affected their day-to-day coverage.
Take this opening sentence from the AP's Christopher Rugaber written shortly after the Department of Labor released its weekly unemployment claims report: "The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace." Really, Chris? Exactly how does less firing translate to more hiring? It doesn't (historical correlation, to the extent that it's there, doesn't signify causation). There are any number of firms which are not letting people go but which are also not hiring. Several other paragraphs from Rugaber's report follow:
From what I can tell, no one in the establishment press yesterday attempted to quantify the total employment impact of yesterday's announcement by Best Buy that it will reduce its headquarters headcount by 400 and close 50 stores. One thing is certain: It's not just 400, as the headlines and verbiage in certain media reports might lead readers to believe -- and it's not excusable to say that the company itself didn't name a specific number of employees affected by the store closures.
An estimate of how many jobs will really be lost is after the jump, followed by a few misleading media examples. Note that the media review is based on reports from Thursday; today, we began learning which stores will be closing. They include five in the Twin Cities area where the company is headquartered.
Earlier this year, a reporter informed me of what is apparently a common belief in the business press, namely that "the Labor Department considers the (seasonally adjusted, or SA) numbers to be much more reflective of what’s actually going on in the economy" than the raw (i.e., not seasonally adjusted, or NSA) economic data. That's interesting, given that you can't even do seasonal adjustments without the raw data, but I digress. That expressed and almost blind belief in SA numbers explains why virtually no one in the press bothers to look at, let alone report, the NSA numbers.
But given this "seasoned" faith, why didn't the business press tell readers that today's revisions to SA figures for initial unemployment claims going back to 2007 released today by the Department of Labor increased the originally reported amounts for the past four weeks by an average of almost 4%? That's indeed what happened, and it hardly seems minor. Instead, Bloomberg, Reuters, and the Associated Press all celebrated today's number (359,000) as the lowest in four years -- which it will no longer be if it gets revised upward next week by 2,000 or more next week (the average seen during the past year has been a bit below 4,000). The specific changes are after the jump, followed by a rundown of the three wire services' coverage.
On Monday's NBC Today, Tom Brokaw reported on veteran Mike Wright returning from tours in Iraq and Afghanistan to continue work at New York's Indian Point nuclear power plant: "Entergy, Wright's employer, supported his deployments. Veteran hiring is a priority for the company, not out of sympathy, but as an investment in the bottom line....Mike Wright and Entergy, that's how it's supposed to work."
Now compare that praise for the plant's hiring practices, with NBC News fear-mongering almost exactly one year ago, shortly after the earthquake and nuclear crisis in Japan. On the March 20, 2011 Nightly News, anchor Lester Holt ominously warned: "A government report has found the plant with the highest risk of core damage from an earthquake here is just about 35 miles from our studios here in New York City at the Indian Point plant."
CBS's Allen Pizzey completely whitewashed the struggling European economy on CBS Sunday Morning to bash the Republican presidential candidates' attack on President Obama's economic policies. Pizzey zeroed-in on Germany's lower unemployment rate and cited left-leaning Professor James Walston, who claimed that "the candidates are dealing in caricatures of Europe that are about 90% wrong."
The journalist played clips from Newt Gingrich and Mitt Romney, who defended the U.S. Constitution and ripped "European socialism." He condescended in reply, "If you're a candidate who wants to move to the White House, why worry about details?" Pizzey also turned to a European woman who insulted the Republican candidates' intelligence: "I just hope that most Americans are just more intelligent than those politicians" [audio clips available here; video below the jump].
On Thursday's CBS This Morning, Charlie Rose shamelessly boosted the Obama campaign's talking point about the economy: "The President will...say, things are in much better shape...so my policies are, at long last, working." When Haley Barbour replied that "the liberal media leads you to think that the economy's getting great," Rose sneered, "I didn't realize you think the Federal Reserve chairman is a liberal media elite" [audio available here; video below the jump].
The CBS anchor also raised Mitt Romney aide Eric Fehrnstrom's recent "Etch-A-Sketch" comment with the former Mississippi governor: "You have a candidate who conservatives don't seem to be sure about. And now, you have this Etch-a-Sketch thing. Does that simply make their doubts deeper?"
Here's some good advice from Rush Limbaugh's opening monologue today: "If I were you, I would regard every AP story, particularly this year, as nothing more than a propaganda piece for the reelection of Barack Obama."
What occasioned Rush's rant is the thinly disguised propaganda today from the Associated Press, aka the Administration's Press, concerning President Obama's visit to Cushing, Oklahoma to pretend that he's really a fan of the Keystone Pipeline, starting with the following headline:
The exercise of watching the press report on the current week's unemployment claims figure as if it's etched in stone and assessing it as if it's the last word -- only to see the figure get upwardly revised the next week virtually without media comment -- is getting extraordinarily tedious and predictable (but of course watching what they do remains necessary).
At the Associated Press, Bloomberg, and Reuters, this week's version of the shell game has a relatively unique twist. The three wire services respectively and all without qualification say that today's seasonally adjusted figure of 351,000 from the Department of Labor "matches a four-year low," "the lowest level in four years," and "back to a four-year low." As seen in the graphic which follows, based on the history of the past year, there's a 98% chance they will be wrong after subsequent revisions, almost all of which have occurred during the very next reported week:
An MSNBC political analyst on Tuesday actually said that Alabama women voting for Rick Santorum in the Republican presidential primary that just concluded in that state "really hurts" her.
Talking to Lawrence O'Donnell on The Last Word, Karen Finney arrogantly said, "It’s a little painful because I’m wondering if those women really heard the full message" (video follows with transcribed highlights and commentary):
At the Associated Press as of 7:30 p.m., its Top Business stories (saved here for future reference) top headline read: "Strong 3 months of hiring as US adds 277,000 jobs." The headline at the underlying article (saved here) reads the same. Related pics are after the jump.
Yesterday was sort of "Pick on Christopher Rugaber at the Associated Press Day." So when I came across a particularly reprehensible report he filed last night whining about the difficulty the economy may face in meeting heightened expectations -- with yet another reference to the wire service's obsession with its relevance to President Obama's approval ratings and reelection -- I let it go.
That changed when I learned about and then read Kyle Drennen's NewsBusters post today about CNBC's Carl Quintanilla, Friday's fill-in Today show host. Carl Q spoke of how "...we're in a situation where we're sort of managing expectations, especially for the White House." "We" are "managing expectations ... especially for the White House"? What Carl Q said seems to have been influenced by what Rugaber wrote yesterday. Especially note the last excerpted paragraph (bolds are mine):
"Fox News again buries the [monthly] jobs numbers," Politico media critic Dylan Byers groused this morning in a 10:23 a.m.-stamped post. Those numbers "appear in the lead or left-hand column atop the websites of the Washington Post, the New York Times, the Wall Street Journal, CNN, and MSNBC, as of 10 a.m.," Byers noted.
Earlier today (at NewsBusters; at BizzyBlog), I noted the press's ridiculously forgiving coverage of today's reported increase in unemployment claims while concentrating primarily on RTT News's assertion that the unemployment rate should continue to come down as long as weekly claims stay below 400,000. Three years ago, Christopher Rugaber's threshold at the Associated Press, also known to yours truly as the Administration's Press, was 325,000. He has since raised it (including in today's report) to 375,000.
This afternoon, Rush Limbaugh expanded on wire service's knee-jerk defense of mediocre-to-bad economic news, taking particular umbrage at the thoroughly misleading headline at Rugaber's report, as well as his first paragraph, which I will relay first before posting part of Rush's reaction: