Business & Media Institute Vice President Dan Gainor told the Fox Business Network on April 4 that the government might be intervening too much in the financial markets to address credit problems, and he criticized the media for failing to cover both sides fairly.

"The networks are not portraying at all the other point which is: maybe we're using too much government intervention. Maybe we're using too much regulation," Gainor said. "Instead they're using the worst-case scenario reporting" to support government intervention.

Update below (18:45 EDT | March 10).

It happens from time to time, believe me. You're going over your Web site and what do you see but a product or service advertised that, to be charitable, conflicts with your mission, or otherwise is just plain embarrassing. It's the nature of having third-party advertising arrangements, and usually you can get these things resolved with an e-mail or two to your Web ad provider.

So it struck us as humorous when anti-Fox News blog News Hounds -- slogan: We watch FOX so you don't have to. -- was caught with an ad for FoxBusiness.com. (h/t Tim Graham)

Oh, it gets better. On the right-hand sidebar, there's another Fox Biz ad and, wait for it, it comes above an "Advertise Liberally" logo:

BMI Vice President Dan Gainor took to the Fox Business Network Thursday to explain the difference between "depression," "recession" and "slow growth," terms the mainstream media has blurred.

Economists "don't even agree that we're in a recession yet," Gainor said. "But then if you watch the network news shows, we're already up to eight times this year - that's once a week where they've made a comparison to the Great Depression."

Gainor was referring to new research from the Business & Media Institute showing the media's tendency to compare current economic conditions to the Great Depression. Network news shows have made the comparison eight times in 2008, and made the comparison 18 times in 2007.

Vice President of the Business & Media Institute Dan Gainor outlined the media's failure in covering consumer confidence numbers in a February 15 appearance on the Fox Business Network.

"What we're talking about, instead of consumer confidence, we're talking about media competence," Gainor said. "Last year, July was the six-year high for consumer confidence and yet if you watch any one of the three network news shows, evening news shows, you didn't see it."

In an appearance on the Fox Business Network February 8, Business & Media Institute Vice President Dan Gainor criticized the media's refusal to fully report the costs associated with campaign promises being made by presidential candidates.

"You would actually think the media had talked about how much it's going to cost," Gainor said of the hundreds of billions of dollars in new spending promised by the candidates. "And in fact it's quite the opposite."

Aside from some coverage of Sen. Hillary Clinton's massive universal health care coverage proposal, much of her $217 billion in promises has gone unreported. The same goes for Sen. Barack Obama, who leads all candidates with $287 billion in new proposals, according to estimates from the National Taxpayers Union Foundation.

Business & Media Institute Director Dan Gainor appeared on the Fox Business Network January 31 to discuss reasons why The New York Times Company (NYSE: NYT) revenue numbers decreased recently - saying that its product is the problem.

"People have lost confidence in the media according to most studies...Most Americans understand that the...mainstream media are overwhelmingly liberal, overwhelming out of touch with a lot of their issues," Gainor said.

Gainor cited an instance where the Times was ran a story about veterans being more violent when they come back to the United States - turning "anecdotes into a loosely connected story and when you do that you alienate readers. They're the people that the Times work for. Journalists forget that."

It's really frightening to imagine that people who get the bulk of their news from Comedy Central's "The Daily Show with Jon Stewart" will be making what they probably think are educated decisions at the ballot box come Election Day.

Stewart, who is now a self-proclaimed economist, said on his January 23 show, "Our economy is tanking." And now you can add financial media critic to Stewart's list of titles.

"For insight, I turned to the two major financial networks to find out what is going on, or as they're known around here, ‘hot ladies talk economy with bald dudes,'" Stewart said.

In a verbal tussle with Fox Business Network host Liz Claman January 24, Business & Media Institute Managing Editor Amy Menefee explained that conservatives are just looking for some balance from the media.

"You get upset when the media is skeptical about certain things and you say that that's un-American," Claman said. "Yet when we're not skeptical you're saying now, ‘Why aren't you skeptical?' Which is it?"

"Well from our perspective ... we just want to hear all the economic sides that are out there which means economists who are talking about, you know, other opportunities, other options," Menefee said about the media coverage of the economic stimulus package. "And there are plenty of economists out there right now who are saying this is not going to do much good."

Business & Media Institute Director Dan Gainor appeared on the Fox Business Network December 21, 2007, to discuss the media's coverage of the economy. Full of Christmas spirit, Gainor had kind words for two mainstream reporters.

"Even in the mainstream media there are people who get it. Looking back this year one of the big stars whose improvement was surprising is CNN's Ali Velshi who delivers a much calmer look," Gainor said.

"It's nice to see somebody out there saying, ‘Oh, actually the markets aren't really doing that bad," he said, praising ABC's Bianna Golodryga. The "Good Morning America" reporter received high marks for balanced coverage of the stock market.

Business & Media Institute Director Dan Gainor appeared on the Fox Business Network December 6 to discuss how the media is choosing sides in the subprime housing problem.

"All throughout this whole year and actually if you go back in the last year and before [the media] have been pointing out that the lenders are the bad guys...CBS News who actually did an okay report last night, then the example they use is someone who has a 6.6% adjustable rate adjusting up to 9.6%, they've got a house the size of a mansion and they've got horses."

Gainor said the important thing that journalists fail to do is to get both the lenders and the home buyer's viewpoints.

Business & Media Institute Director Dan Gainor appeared on the Fox Business Network October 25 to talk about business contributions to victims of the Southern California wildfires:

Every time there's a disaster, when we had Katrina and now with this disaster - [Businesses] immediately take out all the stops. Already I've seen at least $4 million contributed from charity from Wal-Mart, from Bank of America, from Disney, from Target, the business community steps up right away. When we had Katrina, there was like $70 million contributed within days ... and almost no coverage at all.

A few might be starting to catch on - CNN did mention contributions of Home Depot, MasterCard, Verizon, Sprint and Wells Fargo on the October 26 "American Morning."

Video (1:41): Real (2.12 MB) or Windows (6.11 MB) or MP3 (607 KB)

It was only a matter of time before someone on CNBC took a shot at Fox Business Network and it came from CNBC’s resident loose cannon, “Mad Money” host Jim Cramer. (Video of the incident is available here.)

“I had the choice of watching a rival business channel or getting a root canal,” Cramer said on CNBC’s October 15 “Street Signs” “And I chose the root canal.”

Cramer appeared on his daily segment on the afternoon CNBC show with host Erin Burnett talking out of one side of his mouth analyzing several stocks. However, Cramer struggled with his speech during his analysis of the potential XM Satellite Radio and Sirius Radio merger and spit all over Burnett when he abruptly said something that sounded like “Fox” for an unknown reason.

“I’m having problems,” Cramer said. "I admit it ...”

Like business news on television but don't like CNBC's association with the left-dominated NBC News? Then the newly launched Fox Business Network is probably for you:

Rupert Murdoch has entered a dark horse in high-stakes races before, and won. On Monday, the News Corp. media titan trots out the Fox Business Network.

Two years in the making, the channel will challenge General Electric Co.'s highly profitable CNBC network as it seeks to redefine business news for average Americans faced with increasingly complex decisions about their financial futures.

Murdoch already has knocked CNN off the cable news throne with Fox News Channel. Can he do the same to NBC Universal's profit machine, whose audience of affluent professionals is one of the most sought-after advertising targets? [...]