After duly noting that the percentage of big company CEOs planning to add workers and purchase additional capital equipment over the next six months had declined (from 42% to 36% and from 48% to 43%, respectively), Rugaber misrepresented reality when he wrote the following:
It wouldn't quite be fair to say that the Associated Press's Christopher Rugaber sugarcoated his dispatch on today's release of the April Job Openings and Labor Turnover Survey (JOLTS) by Uncle Sam's Bureau of Labor Statistics. But it would be more than fair to say he missed several chances to tell readers how significant the setbacks BLS relayed really were (openings fell 8.7% from a seasonally adjusted 3.741 million to 3.416 million). That's especially true, given what we already know about May's employment situation.
What follows are several paragraphs from Rugaber's report, followed by contextual factoids the folks at Zero Hedge found which the AP reporter missed or ignored:
During the 1980s, despite data which even then was telling them they were wrong, it became a mantra of a desperate establishment press that the booming economy under Ronald Reagan really wasn't that impressive because so many of the new jobs created were part-time or temporary.
The data was not then readily available for temps, but it certainly was for part-time vs. full-time employment. It comes from to the Household Survey performed by Uncle Sam's Bureau of Labor Statistics on a monthly basis to determine the unemployment rate. What follows is a graph comparing the growth in employment in those two categories during the 35 post-recession months under Reagan to the analogous 35 months since the most recent recession's official end in June 2009. It will make you wonder how the press can claim objectivity when it has barely touched on the contrast you will see, or even on the poor performance itself without historical comparisons.
We at NewsBusters have been calling MSNBC's Chris Matthews a sycophant for Barack Obama since at least February 2008 when the so-called journalist bragged on the air about getting a thrill up his leg at the sound of the former junior senator from Illinois' voice.
It was therefore quite pleasing to hear former Republican National Committee chairman Michael Steele tell the Hardball host that to his face Thursday during a contentious exchange about the current White House resident's economics policies and who should be blamed for their failure (video follows with transcript and commentary):
Sometimes it takes a bit of exertion to disprove an assertion made by an establishment press reporter. Not this time. Today's Department of Labor report on initial unemployment claims told us that such filings "unexpectedly" (as relayed by Reuters and Bloomberg) rose to 386,000 from an upwardly revised (of course) 380,000 the previous week; expectations were for a fall to 375,000. About an hour after DOL's release, Christopher Rugaber at the Associated Press, aka the Administration's Press, told readers that "Applications fell steadily during the fall and winter but have since leveled off."
Well, this one can be taken care of in one easy chart. It starts with what was essentially the last week of winter (the week ended March 24) and goes through the week ended June 9 covered in today's release, with an extra 3,000 added to the most current week to reflect next week's likely upward adjusted (such adjustments during the past sixty-plus weeks have averaged about 3,900).
Might the man who once said of himself "there's been nobody who's a bigger Obama supporter" vote for Mitt Romney? Maybe. On today's Morning Joe, Donny Deutsch—ad exec, man-about-the-Hamptons and quintessential wealthy NYC liberal—declared that his support for President Obama is "wavering."
Deutsch said that it was the bad jobs numbers of a couple weeks ago that "changed everything for me." Reacting to Deutsch's surprising declaration, Willie Geist broke out a variation on LBJ's line about Walter Cronkite. Said Geist: "if I've lost Donny Deutsch, I've lost Middle America." View the video after the jump.
Charlie Rose deferred to Obama campaign adviser David Axelrod on Monday's CBS This Morning regarding the controversy over several recent national security leaks. Axelrod repeatedly denied that the leaks came from the administration. Rose didn't challenge his guest's talking point, even though former Defense Secretary Robert Gates indicated that White House officials went "out in public with operational details" of the Navy SEAL raid that killed Osama bin Laden during a May 2012 interview with the anchor.
Despite knowing about Gates's disclosure, Rose claimed that President Obama "seems to be upset about the spy leaks," and asked the Democratic campaign official whether the leaks came from the "national security apparatus at the White House."
Straining to find a way to excuse President Obama's Friday remark that "the private sector is doing fine," on Monday's NBC Today, co-host Ann Curry did her best to spin for the White House: "He is right in saying that the private sector is doing better than the public sector, is he not? And so that was his point, that this comment was taken out of context." [Listen to the audio or watch the video after the jump]
Curry's attempt at Obama campaign damage control was prompted by left-wing guest and MSNBC host Chris Hayes arguing: "I would also say that the point he's making specifically about the difference between where the private sector's at and where the public sector's at is a really important one. We've lost 600,000 jobs in the public sector....Those layoffs did not have to happen if we had extended revenue sharing from the federal government."
President Obama made quite a gaffe Friday when just one week after the Labor Department announced horrid jobs numbers for May, he claimed "the private sector is doing fine."
Appearing on CBS's This Morning Monday, New York Times columnist and unashamed Obama shill Paul Krugman covered for the current White House resident saying, "He screwed up the line" (video follows with transcribed highlights and commentary):
Last year, Harry Reid said pretty close to the same thing President Obama said on Friday about the health of the nation's private sector. Obama claimed that "The private sector is fine." On the Senate floor on October 19, Reid claimed that "It's very clear that private-sector jobs have been doing just fine."
Don't feel bad if you don't know this, because the press mostly ignored it. The few who did notice it worked mightily to excuse it. One of the chief excusers was Pete Kasperowicz at the Hill:
Today at a press conference, President Barack Obama said that "we’ve created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government ..."
Later, in a cleanup attempt, in what the press is claiming is a walkback, Obama really didn't walk it back: "Listen, it is absolutely clear that the economy is not doing fine. That's the reason I had the press conference. ... what I've been saying consistently over the last year, we've actually seen some good momentum in the private sector. We've seen 4.3 million jobs created -- 800,000 this year alone -- record corporate profits. And so that has not been the biggest drag on the economy." He never pulled back from saying that "the private sector is doing fine." The abject panic at the Associated Press is evident in tonight's report by Ken Thomas and Philip Elliott (HT to a NewsBusters tipster; bolds and numbered tags are mine):
MSNBC's Chris Matthews is clearly worried the President that once gave him a thrill up his leg is not going to get reelected.
Appearing on Jansing and Company moments before Barack Obama's press conference Friday, the Hardball host said the President has "got to be aggressive. He’s got to be big time. Stop this nickel and dime, a couple of bucks for the teachers, a couple of bucks for the firefighters. 'I'm going to reduce the payroll tax.' This is pissant" (video follows with transcript and commentary):
Appearing as a guest on Monday's The Tonight Show with Jay Leno on NBC, actor and comedian Martin Short lambasted several of the GOP presidential candidates, as he called Rick Santorum a "crazy Catholic," compared Michele Bachmann to the Taliban while questioning her intelligence, and suggested that Mitt Romney has sent jobs to other countries.
At the top of Monday's NBC Today, co-host Matt Lauer warned Mitt Romney against going after President Obama too hard on the stagnant economy: "Romney's campaign using the rise in unemployment to target President Obama's record on the economy, but can he make his point without sounding like he wants the recovery to fail?" [Listen to the audio or watch the video after the jump]
Later, fill-in co-host Savannah Guthrie talked to left-wing MSNBC host Chris Matthews about the GOP's economic message and teed him up to slam Republicans: "I mean obviously they see that the bad economy will ultimately be good for his [Romney's] prospects, but they don't want to be perceived as rooting for failure." Matthews ranted: "But of course they are. You know, they've got a spring in their step now. This is great news for the Republicans.....All things being equal, they don't have to do anything except enjoy the economic downturn."
Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned!
New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (video follows with transcript and commentary):
As we approach Election Day, it's becoming more and more important for the Obama-loving media to give credit to the President for the economies of swing states governed by Republicans that are doing better economically than the rest of the country.
Candy Crowley did her part on CNN's State of the Union Sunday by asking Governor Bob McDonnell (R-Va.), "Don’t you credit President Obama at all for the good fortune that Virginia has?" (video follows with transcript and commentary):
Good Morning America's Josh Elliott on Friday reported incorrect jobs numbers, touting stats more favorable to Barack Obama and less reflective of the dismal facts. In the 8am hour, news reader Elliott insisted that "new figures show" an unemployment rate "sitting" at 8.1 percent for May with 158,000 new jobs created. [See video below. MP3 audio here.] In fact, unemployment rose to 8.2 percent and only 69,000 jobs were created.
The monthly unemployment numbers are usually released about 8:30am. In the hours before an announcement, GMA has previously reported what the projections suggest. In fact, in the 7am news hour, Elliott allowed that "the government is expected to report it's added some 158,000 jobs." He offered no such caution in the 8am hour.
With the release of another horrid jobs report Friday, the Obama-loving media are already out in force trying to spin the numbers so they don't hurt the reelection prospects of the current White House resident.
On CNN's Starting Point Friday, known Obama lover Soledad O'Brien defended the President's jobs record by telling Congressman Jeb Hensarling (R-Tx.), "This is not in the last three years suddenly jobs started picking up from S&P 500 companies moving overseas. It has been twenty plus years of jobs moving overseas because of better opportunities certainly overseas" (video follows with transcript and commentary):
After the jump is a graphic from Investor's Business Daily comparing post-recession consumer confidence readings from the Conference Board during the Reagan and Obama administrations. See it there or see it below, because you probably won't see it at any establishment press web site or in any of their publications.
What's remarkable about the graphic is how confidence was able to stay at or above 100 (a reading of 90 is considered the "healthy economy" benchmark) in the face of a virtually non-stop media onslaught which alternatively tried to deny the existence of the ongoing prosperity, constantly warned that another recession was just around the corner, or whined about how supposedly unfair the economy was becoming (Keep in mind that the Media Research Center didn't appear on the scene until 1987) -- which is quite different from the current establishment media cheerleading which occurs seemingly any time there's the least little sign that things might be getting better.
Former Democratic Michigan governor turned Current TV commentator Jennifer Granholm got a much-needed education Sunday about the difference between Mitt Romney's involvement with Bain Capital and President Obama's forays into green energy investment.
"When Bain invested," said George Will on ABC's This Week, "it invests money that it gets voluntarily to be invested. When the president throws a half-billion dollars away on Solyndra, it's money taken away by the police power of the federal government from unwilling taxpayers" (video follows with transcript and commentary)
Last year New York Times columnist and Nobel laureate Paul Krugman called for space aliens to invade earth so that the government would spend money to mount a defense thereby stimulating the economy.
As aliens have yet to comply with Krugman's wishes, he advocated on HBO's Real Time Friday that scientists should get together and lie about an imminent attack to boost federal spending (video follows with transcript and commentary):
If between now and Election Day unemployment numbers improve, particularly if they dip below the 8% barrier, you know President Obama, with an MSM assist, will be out there pounding his chest about the number of jobs "he created."
But when the unemployment numbers remain weak? Well, that's not Obama's fault. Just ask Mike Allen of Politico. On today's Morning Joe, trying to explain Obama's early campaign stumbles, Allen declared that certain factors, including the bleak job numbers, were "beyond the control" of Obama. View the video after the jump.
Last week, what the Department of Labor had originally reported as a dip in new unemployment claims the previous week (from 368,000 to 367,000) was revised into an increase (to 370,000). This week, what DOL originally reported was a no-change situation (i.e., 370,000) was revised into an increase (to 372,000).
It's getting ever more difficult to accept DOL's ongoing underestimations, which now run to 60 of the 61 most recent weeks I've been able to track (the one exception was a "no change" situation during the week ended June 18, 2011). In covering today's charade, Reuters, Bloomberg, and the Associated Press (aka the Administration's Press), all failed to note that this week's revision to last week turned last week into an increase instead of a no-change. In what should be seen as only a marginal improvement, two of the three (the AP, predictably, was the exception), headlined this week's small initial reduction from last week -- which seems destined to disappear after revision next week -- as "essentially unchanged." Excerpts follow the jump.
NBC anchor Brian Williams on Wednesday night ridiculed Mitt Romney’s quest to reduce the unemployment rate to six percent by 2016, a level enjoyed fewer than four years ago.
“Back when Newt Gingrich pledged $2.50 a gallon gasoline, if elected President, he was called out at the time for an unrealistic number. Today,” Williams charged without naming any source, “some of the same thing happened to Mitt Romney when he made a pledge on unemployment as part of his overall defense of his work at Bain Capital.”
On Tuesday's NBC Today, co-host Matt Lauer invited CNBC Mad Money host Jim Cramer to elaborate on calling Mitt Romney a "job destroyer" as the head of Bain Capital on Sunday's Meet the Press: "You speaking as a pundit, or do you have some experience here?" Cramer declared: "He was talking about rationalizing the workforce, making it so that the companies were more efficient. Matt, these were code words back then. Code words for firing people."
On Sunday's NBC Meet the Press, CNBC Mad Money host Jim Cramer followed Obama campaign talking points perfectly as he decried Mitt Romney's business record at Bain Capital: "Romney's known as a job destroyer, not a creator....I think Bain sticks. I think the idea that you bring in Bain...they fire a lot of people and that's how they get prosperity for the rich." [Listen to the audio or watch the video after the jump]
At the same time, Cramer dismissed a positive forward-looking Romney ad outlining specific policy proposals: "I just don't think that this will stick." He concluded the Bain attacks against Romney were "a more resonant theme" and better "than anything that Romney's come up with."
New York Times columnist Paul Krugman on Sunday continued his campaign to get Barack Obama reelected by misinforming the public about the economy.
Appearing on CNN's FareedZakaria GPS, the Nobel laureate falsely claimed Republican presidential candidate Mitt Romney wants to enact Greece's failed economic policies here in America (video follows with transcript and commentary):