By Tom Blumer | April 30, 2016 | 11:30 PM EDT

That the establishment press despises New Media isn't exactly breaking news, but a lesser-known subset of that tension has just become more visible. As usual, an Old Media outlet is the smear merchant, and the New Media site has the upper hand on the truth.

Mainstream business journalists really despise the financial and economics blogs which puncture the insufferable "the economy is just fine" meme the financial wires have relentlessly foisted on us during the past seven years. When leading contrarian blog Zero Hedge had a recent fallout among its top authors, Bloomberg News sensed a chance to smear a site it has had to grudgingly recognize as a genuine competitor. Instead, the wire service committed the types of journalistic errors which explain why only six percent of Americans "say they have a lot of confidence in the media."

By Tom Blumer | April 29, 2016 | 11:16 PM EDT

On Thursday, shortly after the government estimated that the economy only grew at an annual rate of 0.5 percent in this year's first quarter, Jeffry Bartash at Marketwatch.com commented on the especially weak performance in nonresidential business investment.

That category subtracted 0.76 points from GDP, the worst result since the second quarter of 2009, during the recession. Bartash, presumably based on real discussions he's had with real economists wrote: "Many economists doubt business investment will show much strength in 2016. A tepid global economic scene and a tumultuous U.S. presidential election marked by heavy anti-corporate rhetoric appears to have made business executives more cautious." What? "Anti-corporate rhetoric" affects the decisions of entrepreneurs, investors and businesspeople? Who knew?

By Tom Blumer | April 29, 2016 | 2:58 PM EDT

The Black Lives Matters folks and their enablers in the press won't like this one bit.

On Wednesday, Washington Post writer Tom Jackman, at the paper's True Crime blog, reported on a rigorous study of police behavior which found that, in his words, "even with white officers who do have racial biases, officers are three times less likely to shoot unarmed black suspects than unarmed white suspects." Talk about busting a meme.

By Tom Blumer | April 29, 2016 | 12:44 AM EDT

Venezuela's hyperinflationary economic crisis has gotten worse in one very important and apparently unprecedented sense than even the one seen in Weimar Germany in the 1920s. Yet the Associated Press and the New York Times apparently have no interest in telling their readers, listeners or viewers about it.

In the post-World War I German Weimar Republic, the situation became so out of control that people needed wheelbarrows to carry around the money they needed to pay for basic everyday purchases. A Bloomberg News story published early Wednesday morning, i.e., in plenty of time for the rest of the world's press to notice the story by now, has a similar "wheelbarrows" reference to Venezuela's crisis. But there's more. Venezuela doesn't even the money to pay to keep those wheelbarrows stocked with ever more worthless cash.

By Tom Blumer | April 27, 2016 | 11:59 PM EDT

On Fox News shortly after Republican presidential candidate Donald Trump's foreign policy speech today, former United Nations Ambassador John Bolton evaluated what the GOP frontrunner had to say about Iran's efforts to develop nuclear weapons.

He also stated the inconvenient truth about the Obama administration's nuclear "deal" with Iran, namely that it puts the jihad-driven, terrorist-funding, death-to-America nation "on a highway to nuclear weapons" — a reality that the Barack Obama-defending press simply won't admit, at least partially because elements of the press, particularly alleged "journalists" at the Associated Press, helped clear the route for that highway:

By Tom Blumer | April 27, 2016 | 12:08 PM EDT

Just in time for tomorrow's first-quarter economic growth announcement from the government, Bloomberg Businessweek's Economics Editor is telling readers: "Don't Sweat America's Upcoming Microscopic GDP Growth."

Besides, Peter Coy writes, people need to get used to the supposedly inescapable fact that "Normal growth for the U.S. economy is just a lot lower than it used to be." Americans shouldn't worry, even if tomorrow's GDP figure shows a small contraction (perhaps indicating that Mr. Coy has been tipped to the fact that it will be). The key, the glib Mr. Coy contends, is to understand that "Happiness is all a matter of lowering expectations."

By Tom Blumer | April 25, 2016 | 11:24 PM EDT

State Department spokesman John Kirby did a fist-pounding imitation of Baghdad Bob at a press conference today on the Obama administration's decision "to send 250 more troops to Syria."

Note that the Associated Press report by Kathleen Hennessey linked in the first paragraph refers to "troops," not "advisers" or "trainers." This is important, because that AP report acknowledges that in everyday parlance, the additional forces involved are "boots on the ground." The AP's Matt Lee, one of the few genuine journalists at the wire service, had to endure hearing Kirby say that the administration wasn't changing course or breaking a previous promise. Lee didn't take it well, nor should he have (HT Washington Free Beacon):

By Tom Blumer | April 25, 2016 | 6:25 PM EDT

If what Barack Obama contended in London, England on Saturday was obviously true, I suspect that the establishment press would be broadly proclaiming it and looking back at the President's wonderful work.

What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense, but he's clearly beginning to lobby for it to become the historical narrative. This may explain why the Associated Press, while running a story on what Obama said, has made it pretty difficult to find. But it will be there for agenda-driven hacks to locate when it becomes time to spin the history. If a Republican or conservative president made such a claim, the fact checkers would already have been out in force.

By Tom Blumer | April 24, 2016 | 11:54 PM EDT

In a Fox News Sunday interview so painful to watch readers are advised to consider taking headache medicine before viewing, Democratic National Committee Chair Debbie Wasserman Schultz tried to make the case that the FBI investigation into Hillary Clinton's handling of emails containing sensitive and classified national security information and her use of an undisclosed private email server is a "distraction," and that the idea of even raising it as a campaign issue is "ludicrous."

Show host Chris Wallace was particularly perturbed when the DNC chair claimed that Mrs. Clinton was "using private e-mail in the same way that previous secretaries of state have," and forced her to admit, "Other than the private server":

By Tom Blumer | April 24, 2016 | 10:02 PM EDT

On Meet the Press today, host Chuck Todd asked Democratic presidential candidate Bernie Sanders what he thought of the idea of a consumption tax on soda. Sanders' answer, laded with his standard "massive wealthy inequality" argument, led Todd to believe that Sanders might also be against cigarette taxes.

No, those taxes are fine, Sanders said, but given that "cigarettes are causing cancer ... and other diseases ... there's almost a question as to why it remains a legal product."

By Tom Blumer | April 24, 2016 | 4:44 PM EDT

Things must be getting grim on the Obamacare front if the Obama administration feels it must send "Zeke the Bleak" Emanuel out to defend it.

Though he was on relatively good behavior compared to previous interviews he has given, Emanuel, rather than visibly losing his cool, kept on using Stuart Varney's first name in his responses during a Fox Business interview this week to the point where it nearly came off as an attempt at parent-child condescension.

By Tom Blumer | April 23, 2016 | 11:56 PM EDT

In an utterly amazing and totally unexpected coincidence, Verizon is reporting that there has been a spike in vandalism and sabotage against its facilities since workers went on strike on April 13. (That's sarcasm, folks.) Paul J. Gough at the Pittsburgh Business Times has reported the company's claim that "there have been more than two dozen cases of what it called sabotage to cables and its facilities in the week since tens of thousands of its employees went on strike."

Some other local TV stations and outlets have also covered the matter, but it's not national news at the Associated Press or other national outlets, even though the wire service has done several stories on the strike, and even though its scope — 39,000 union members in nine states and DC — is hardly inconsequential.