Give credit to CNN Money's Annalyn Chensky for intuitively recognizing the ridiculousness of the economic projections included in the White House's Mid-Session Review released today. That especially goes for the assumption that full-year economic growth in 2012, with the first and second quarters coming in at an annualized 2.0% and 1.5%, respectively (the latter subject to revisions which probably won't be significant), will somehow still come in at 2.6%.
Chensky gets demerits, however, for understating how fast growth will really have to be during the second half of the year to get that 2.6% (bolds are mine):
Today's report on the growth of gross domestic product (GDP) during the second quarter didn't impress anyone -- except, apparently those who send out email alerts to CNN Money subscribers.
For several years, it has seemed like the primary goal of these alerts has been to create the illusion of pervasive prosperity when the economic news is even remotely tolerable, and to ignore or downplay news that is really bad -- all so that the relatively disengaged can be convinced that the economy isn't performing as poorly as it really is. The email alert received shortly after the government released its report showing that the economy grew at an annualized 1.5% rate during the second quarter arguably fits both categories:
At the Associated Press, Christina Rexrode placed the blame for Monday's mediocre performance in the stock market squarely and obviously where it belonged: "Stocks struggled to stay out of the red in quiet holiday-week trading after a trade group said American manufacturing shrank in June for the first time in almost three years." The trade group involved is the Institute for Supply Management. Its manufacturing index dropped from 53.5% in May to 49.8% in June. Any reading below 50% represents contraction. Analysts expected that it would come in at between 52% (per Business Insider's email) and 52.5% (according to Zero Hedge).
Apparently the people who write CNNMoney's emails didn't want their readers to know the truth, as will be seen after the jump.
On CNN's sister network HLN, when you don’t know how to answer an interview question, bash the Catholic Church - you’ll have your anti-Catholic bigotry promoted by CNN. In an interview with HLN’s Dr. Drew featured on CNN.com, stripper Joslyn Jones claimed that “most stuff that goes on at church” is “dirtier than what goes on in strip clubs.”
When challenged by Dr. Drew about the drug use and trauma history common among strippers, Jones deflected the question, bizarrely arguing: “It’s definitely very common, but it’s actually like, um, like I always try to use the analogy. You know, you look at the Catholic Church. How much nonsense and debauchery, and disrespect, and really underground, you know, seedy stuff goes on, that’s, the Catholic Church, you’re supposed to go to Church and everybody’s like oh I go to Church and I’m all prim and proper, sweet – it’s not really like that. Most stuff that goes on at church is dirtier than what goes on in strip clubs.”
The count of prominent Democratic Party politicians who have decided not to attend the Democratic Party's convention in Charlotte, thereby attempting to avoid direct association with the formal renomination of incumbent President Barack Obama, is up to seven. Press coverage has been sparse. One can only imagine how much media end-zone dancing there would have been in 2004 had one governor, one senator and five congresspersons chosen not to attend the Republican National Convention to renominate George W. Bush.
On Thursday, the Hill had the story about the latest declared non-attendee, who admittedly is the least surprising addition to list (internal links are in original):
Elephants are one of nature’s most popular creatures. And one of its most protected. The ivory trade has been outlawed for many decades. Yet, a recent CNN guest column claimed that renewed poaching to feed an illegal Asian ivory market (along with more run-of-the-mill lefty environmental threats) is “a tragedy beyond reckoning.”
The hyperbolic June 15 article that said saving the elephant is “an urgent moral imperative” (those, to the author, are the words of Nobel Laureate and Holocaust survivor Elie Weisel). The piece, by photographer and filmmaker Cyril Christo, explained the killing of the elephant is one of the pressing world issues.
As of 11:15 p.m., with about 74% of the votes counted, Wisconsin Governor Scott was ahead of Scott Barrett by roughly a 56-44 margin. Late-arriving votes from Democrat-heavy areas of Milwaukee and Dane Counties seemed likely to narrow the margin to perhaps 10 points. (UPDATE: Because heavier margins of support for Barrett in those two counties, the final margin was 6.9%, roughly the same as Barack Obama's 7.4% margin in 2008, which was never labeled a "survival" or "narrow" or anything similar.)
The headlines currently at CNN (HT to a NewsBusters tipster) and the Associated Press both act as if Walker squeaked by. Pics follow the jump.
When the news pertains to issues in the Catholic church, CNN loves to promote liberal theologians and religious, especially ones that are defying Catholic teaching. In contrast, orthodox priests and bishops might receive vastly different treatment – if they even get on CNN, that is.
So when an American nun's book on sexual ethics was found by the Vatican to be "not in conformity" with the Catholic Church's teaching, CNN contributor Stephen Prothero smacked the Vatican for its "unjust" condemnation of the book and accused the Catholic Church of continuing to "attack the sort of apple pie, mom kind of institutions in America."
Some stories are so biased and one-sided they must have come whole and unadulterated from deep inside the liberal media echo chamber. Take CNNMoney’s recent manipulative story pertaining to the trials and tribulations of illegal immigrants’ grown children, who are unable to fully participate in U.S. society because they lack legitimate identification.
More a pamphlet for the DREAM Act than news report, the article detailed the problems such illegals face: companies are wary of hiring anyone with uncertain citizenship status. States like Arizona decided they couldn’t afford to pay tuition for illegal aliens, and family members sometimes get deported. Some of the more enterprising of these grown but still illegal immigrants become entrepreneurs as a result, but are still held back by their status.
“[sigh] When will those mouth-breathing right-wingers give up their caves and clubs and learn to love science?” Pity the sophisticated liberal like CNN contributor Laura Sessions Stepp, whose impatience at Neanderthal misogynists and snake-handlers is palpable.
About 45,000 fewer jobs were added in April than economists expected, and the unemployment rate dropped to 8.1 percent due to more than a half million people giving up the job search. CNN Money reacted with the headline “hiring fizzles.”
University of Maryland Economist Peter Morici wrote in response the jobs report, “The economy added 115,000 jobs in April - much less than expected and not enough to keep up with natural population growth. The unemployment rate fell to 8.1 percent because another 522,000 adults quit looking for work and are no longer counted.”
For an ineffectual class warfare ploy to "work" politically, its ineffectuality must stay hidden to most. The Associated Press, aka the Administration's Press, is doing its part to keep the utter immateriality of President Obama's Buffett Rule designed to go after certain high-income taxpayers hidden.
In the five relevant articles found in a search on the Omaha billionaire's last name at the wire service's national site at 10:30 a.m. ET, only one (the latest) mentions that it might raise $47 billion over 10 years, i.e., the paltry $5 billion per year cited at media outlets ranging from CNNMoney.com to Rush Limbaugh that the rule might raise. Beyond that, if the rule is couple with permanent Alternative Minimum Tax repeal, as is being proposed (HT American Thinker) by Congressional Democrats, the federal treasury will be out hundreds of billions of dollars. None of the AP reports mentions that. Brief excerpts from the five examples follow.
CNN commentator Dean Obeidallah has some advice for politicians who are offended by gross and vile insults from comedians: "change the channel."
Comedians like Bill Maher and Louis C.K. must have an "unfettered right" to spew their vitriol at politicians like Sarah Palin, insisted Obeidallah in a CNN.com op-ed. Such insults "come with the territory" of running for office, he told CNN host Brooke Baldwin on Thursday afternoon's Newsroom. [Video below the break.]
As NewsBusters has been reporting for weeks, the Obama-loving media - quite contrary to what they did when George W. Bush was in office - are doing their darnedest to downplay the seriousness of the exploding prices people are paying at the pump.
Doing its part Wednesday was CNN Money which actually published a piece with the laughable headline, "Rising Gas Prices Aren't as Bad as You Think."
From David Axelrod's Magic Land of the Double Standard: "Cleanup attempt at CNN. Bring the hazmat suits."
Tonight on CNN, as reported by several outlets (Mediaite, Politico, LA Times, but not the Associated Press, which as of 11:45 p.m. on Thursday hadn't done a national story about Maher in 10 days), David Axelrod told Erin Burnett, in the process of dodging a question about whether an Obama Super-PAC would give back Bill Maher's $1 million contribution, said that Maher's outrageous, misogynist comments against mostly conservative women really aren't as important as Rush Limbaugh's one-time, apologized-for hits at Sandra Fluke:
In her syndicated column today (at NewsBusters; at her home blog), Michelle Malkin runs down how CNN news anchor Soledad O'Brien has an affinity for the work of the late Harvard Professor Derrick Bell, particularly his "critical race theory" (CRT) that she has to this point not disclosed to her CNN viewers.
O'Brien also had a guest professor on her program who told the audience that CRT has nothing to do with, in Michelle's words, "bashing America as a white supremacy-ruled government." Trouble is, the professor has written that CRT “highlight(s) the ways in which the law is not neutral and objective, but designed to support White supremacy and the subordination of people of color.” As Michelle wrote: "Oops." An NB tipster noted that O'Brien's O'Babbling should not have surprised anyone given her supportive reaction, noted at the time at Media Bistro, to a particularly odd and pathetic speech (transcript here) the Rev. Jeremiah Wright of Chicago's Trinity United Church of Christ (y'know, the guy whose inflammatory, anti-American sermons Barack Obama never heard despite almost two decades as a TUCC member) gave at an NAACP dinner in Detroit on April 26, 2008 (internal link was in original):
The New York Times told us about three weeks ago that "there's little President Obama" can do about the current pump price of gas. Since then, it has become a well-established media meme. Poor guy.
Well, not really. Four years ago, another U.S. president did something which caused the barrel price of oil to drop by over $6, and the press spent the rest of the day trying to pretend that the drop had nothing to do with his actions -- and almost succeeded. What follows is from my related NewsBusters post on July 15, 2008 ("Oil Drops Over $6 a Barrel; I Wonder Why?"):
The Department of Labor reported today that initial claims for unemployment benefits increased to 362,000 from an upwardly revised (as usual) 354,000 the previous week. Expectations were for a reading of 351,000 (Business Insider's email) or 352,000 (Bloomberg).
Over at the Associated Press, also known as the Administration's Press, the headlined reaction in its 9:17 a.m. report was: "Applications Hover Near Low Levels." As usual, it took a New Media source, in this case Zero Hedge, to point out something potentially troubling in the news, namely that "this is the first time we have seen three consecutive weeks of rises since August 2010." True, the rises have been modest, but next week will almost certainly see an upward revision to this week (the case for 51 of the past 52 weeks, averaging almost 4,000 and with no decreases). Modest or not, they run counter to presumptive press claims that the job market is "healing" (Reuters) and "improving" (Bloomberg). The howler of the day came from RTT News, which "offers custom news and information solutions" for which subscribers apparently pay at least $250 a month:
It wouldn't take more than a nanosecond for the establishment press and TV talking heads to rip into any white political candidate -- Democrat or Republican -- who carved out a web site devoted to "Whites for Candidate X."
About a week ago, President Obama, with his powers of incumbency in tow, decided to revive something he created back in 2007: "African-Americans for Obama." And, as seen in the Obama video which appears at the site and in what appears to be a new twist, the Obama campaign is driving a Mack through the alleged wall of separation between church and state by finding so-called "congregation captains" to maximize African-American support on his behalf. As would unfortunately be expected, the press has not covered campaign's move; A Google News search on "African Americans for Obama" (in quotes) returns only 17 results, only four of which are arguably mainstream media items.
CNN was late to the standoff between Catholic bishops and the White House over the HHS birth control mandate, and CNN.com's religion section has not exactly been the most balanced in its coverage of the fight. In addition to covering the mixed reactions of Catholics to the standoff, CNN's Belief Blog has now featured twopieces on liberal Catholics criticizing the bishops.
CNN.com's religion editor Dan Gilgoff penned a piece on Wednesday about liberal Catholics openly challenging the U.S. bishops. The article quoted liberals and a Democratic official, and included just a single quote by a spokesperson for the bishops right at the end.
On February 2, Blake Ellis at CNN Money (HT to a NewsBusters tipster), in an item which treated minor regulatory changes relating to annuities as some kind of "rescue plan" for retirees, gave President Obama credit for "measures ... (he) has put in place to help Americans save for retirement, including automatic enrollment in 401(k)s." There's no word on whether Ms. Ellis also believes that Obama hung the moon, but it wouldn't surprise me if that were the case.
Somebody needs to tell Ms. Ellis that a "History of 401(k) Plans" published by the Employee Benefits Research Institute seven years ago tells us that the critical dates relating to employers' ability to automatically enroll new and eventually existing employees in their 401(k) plans (subject to the employee's ability to proactively decline if he or she chooses) go back to 1998 and 2000, many years before Obama was sworn in as a U.S. Senator (bolds are mine):
A frequent BizzyBlog commenter tweeted about an online article he saw at CNNMoney.com entitled "Doctors going broke" about how many doctors are struggling in the current economy. His tweet: "Welcome to Obamacare."
A frequent BizzyBlog commenter tweeted about am online article he saw at CNNMoney.com entitled "Doctors going broke" about how many doctors are struggling in the current economy. His tweet: "Welcome to Obamacare."
What's interesting is that my tweeting commenter is right that Obamacare is definitely already influencing the viability of medical practices. But Ms. Parija Kavilanz's Friday report acts as if the mind-numbingly lengthy legislation and the torrent of regulations which appear destined to end up being huge multiples of that outrageous length don't exist, and actually blames many docs for their predicaments:
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.
Last week, CNN's Steve Kastenbaum (podcast is also at link) visited what he characterized as Occupy Wall Street's "nerve center" (but don't call it a "headquarters," Occupiers insisted) in space provided by an anonymous donor. No, it wasn't at Zuccotti Park or any other open-air location. It was, and presumably still is, in Lower Manhattan, one block south of the New York Stock Exchange.
Along the way, Kastenbaum interviewed several people who portrayed themselves as "volunteer staff" for a supposedly leaderless movement, but as is par for the course in the establishment press when leftists are involved, didn't reveal anyone's previous background. At Heritage, Lachlan Markay reports at Robert Bluey's blog that the prior affiliations and involvements of at least a few of those interviewed belies their starry-eyed self-portrayal:
CNN analyst Roland Martin wants his church run by women – perhaps because his wife is ordained minister and "prophetic coach" Jacquie Hood Martin. In an opinion piece for CNN.com, Martin attacks Catholic priests and bishops who reserve the role of altar servers for boys and not girls.
Martin’s so sloppy in this argument that apparently, refusing to allow altar girls isn’t much different than Muslims putting their women in burqas and not letting them drive. (Actually, on CNN Martin declared the need for cultural "respect" and hedged on a burqa ban in France.)
For years while George W. Bush was in the White House, the three broadcast networks and other media repeatedly hyped the threat of rising gas prices, exaggerated the "record" price of gas and incorrectly predicted, $4, $5 and $6 gasoline or even higher. Now the gas price story has been turned upside down under the anti-oil presidency of Obama, despite sustained high gas prices.
Perhaps CNN’s "Belief Blog" should be renamed the "Anti-Belief Blog." Blatant scorn for Christian morality is ever-present there.
Fordham religious professor Patrick Hornbeck, in a post titled "Why good Catholics are challenging church line on homosexuality," argues that good Catholics are increasingly rejecting "official Church teaching" concerning homosexuality. He claims that "A series of recent conferences at American colleges reveals the breadth of Catholic approaches to issues of sexual diversity."