The unemployment rate in June jumped to 9.5 percent, the highest since 1983, as 467,000 jobs were lost, yet the CBS Evening News managed to air a story that didn't mention President Barack Obama or his “stimulus” bill while the NBC story only touched Obama's policies by running a soundbite of the President defending the lack of positive impact so far from his policies: “It took years for us to get into this mess and it will take us more than a few months to turn it around.” CBS reporter Anthony Mason remarked: “Hopefully it's a one-month blip.”

In contrast, ABC anchor Charles Gibson teased Thursday's World News: “Tonight, job jolt. Unemployment reaches a 26-year high. Where are all those jobs the economic stimulus was supposed to produce?” Setting up ABC's lead (CBS and NBC began with Michael Jackson), Gibson proposed: “The rising unemployment raises questions about the economic stimulus, which was supposed to create jobs.”

Marking the anniversary of the 1969 Stonewall riot in New York City on Sunday, CBS’s Anthony Mason declared: "A night of violence that led to a new day for human rights... Stonewall triggered the modern gay rights movement."

Filling in for Sunday Morning host Charles Osgood, Mason explained: "...it was around 2:00 that morning that young gay patrons started fighting back against police raiding a New York City bar called the Stonewall Inn. Police accused the bar of selling liquor without a license but gays charged the raid was harassment." He went on to tout the progress made since the riot: "By the 25th anniversary of Stonewall in 1994, things had changed so much that New York City was hosting the gay games...In the years since then, six states have legalized same-sex marriage. Legislation is pending that would make New York the seventh."

Mason concluded the brief story by describing the ongoing struggle: "Not that gay rights groups believe their job is done. Among other goals, they're still fighting to overturn the military's ban on openly gay service members. Today, as in years past, gay pride parades will be held in New York and many other cities across the land. Marking the distance the campaign has already traveled from that turbulent night outside the Stonewall Inn."

On Saturday, CBS’s Anthony Mason blamed tough economic times in a small Iowa town on immigration enforcement: "...the small town of Postville, Iowa, is still struggling to recover from an immigration raid last year that left its economy in tatters."

Reporting for Saturday’s Evening News, correspondent Seth Doane followed Mason’s introduction by similarly arguing: "...last May when Agriprocessors, a kosher meat processing plant, and the town's largest employer, was raided by Homeland Security. Hundreds were arrested, accused of illegally working in the U.S...After the raid, the plant declared bankruptcy. At one point, leaving hundreds of legal workers without jobs." Doane described the town’s commemoration of the one-year anniversary of the raid: "A few weeks ago at the one-year anniversary of the raid, church bells tolled 389 times, one for each person arrested. It served as a reminder, as if anyone here needed one."

In November, Doane issued an almost identical report on the impact of the raid on the Early Show: "With empty streets and shuttered shops, this small town is facing economic calamity. Mayor Bob Penrod is taking steps this weekend to declare a state of emergency here. But it's not a natural disaster. Rather, one that's manmade...It all started May 12th, when hundreds of federal immigration authorities raided Agriprocessors and arrested 389 workers."

If you stand in the way of President Barack Obama's agenda, beware because there may be a litany of consequences that could result from your act - regardless if the obstacle is legitimate or not.

On June 8, Supreme Court Justice Ruth Bader Ginsburg issued a stay to review an appeal by a trio of Indiana pension and construction funds that own a part of Chrysler's secured debt. They claimed the administration's handling of the deal that would have sold Chrysler's assets to Italian automaker Fiat (BIT:F) arbitrarily threw 150 years of bankruptcy law out without process of law.

The Supreme Court later vacated her order, which cleared the way for the deal. But during the 24 hours in between, there was a sense of panic coming from the broadcast networks, fearing the worst.

Instead of providing any suggestion President Barack Obama's hectoring of credit card company executives, with the not-so-subtle threat of further regulation, is an improper strong-arm tactic, the network evening newscasts on Thursday night hailed Obama's efforts to “protect consumers” -- in stories each complete with a sympathetic victim of jacked-up interest rates, but barely any time, if any, for a view contrary to Obama's.

ABC's Charles Gibson teased: “Tonight, tough talk. A stern warning from the President to credit card executives. If you don't protect the consumers, the government will.” CBS's Katie Couric fretted about the impact of “the credit card fees, penalties, and rising interest rates” which led the President to tell “the credit card companies: enough.” Reporter Anthony Mason began: “Clean up your act. That was President Obama's message to credit card issuers today.” NBC anchor Brian Williams trumpeted how Obama has come to the rescue: “Today the President admonished the credit card companies and came down on the side of consumers.”

It was either an effort to avoid blaming individuals for ill-advised borrowing or an effort to vilify the banking system, but a segment on the April 20 "CBS Evening News" took a very one-sided view of credit-card lending. 

On a day bank stocks struggled and dragged the Dow Jones Industrial Average (DJIA) down nearly 300 points, "Evening News" scrutinized the current state of the banking system's credit-card lending. According to anchor Katie Couric, that sell-off of bank stocks occurred as a result of the realization the institutions would be forced to cover bad loans.

"Wall Street had been on a six-week winning streak, but today it suffered its worst drop in two months as investors rushed to sell bank stocks," Couric said. "[T]he sell-off came after Bank of America reported earnings of more than $2.8 billion last quarter, but that good news was offset by the word that the bank has set aside more than $13 billion to cover its losses from bad loans made in the past."

On Wednesday’s CBS Evening News, correspondent Anthony Mason made an observation rarely expressed in the mainstream media – that when the rich get richer, they do so by creating jobs that benefit everyone. Mason: "Two-thirds of these billionaires are self-made. They're the pioneering businessmen like Bill Gates who created the companies that have created the jobs and the wealth in this country. So we want them to get richer because when they do, we do."

Mason’s comments came after he had filed a report in which he filled in viewers on the staggering amount of wealth that has been lost by the world’s billionaires since last year. After he concluded by pointing out that "the pain of this recession is unrelenting and everywhere – from the bottom all the way to the top," anchor Katie Couric brought up the sentiment of class envy that many feel toward the wealthy, inviting Mason to explain why it is "short-sighted" for people to rejoice in the bad fortunes of the wealthy. Couric: "Having said that, Anthony, a lot of people aren't going to feel real sorry for these folks, even though on average they lost about 25 percent of their wealth. But you say that's shortsighted?"

CBS anchor Katie Couric on Friday night used the jump in the unemployment rate to 8.1 percent to cheerlead for how the “stimulus” bill is “creating” jobs, an impact her newscast illustrated with two full stories after reporter Anthony Mason declared: “It's the government that's going to have to pull us out of this recession.” (On ABC's World News, Betsy Stark similarly saw salvation in the stimulus spending. Citing predictions of even higher unemployment, she contended: “That's why the stimulus plan is so important. If it's successful, those huge job losses should slow down.”)

Couric teased the CBS Evening News: “The recession has now cost nearly four-and-a-half million Americans their jobs. We'll show you the new jobs his stimulus plan is creating.” She then led by promising: “In a moment we'll be telling you about all the jobs the stimulus plan is creating, but first, why those jobs are so desperately needed.”

After years of agitation over what they saw as President George W. Bush's self-righteous moral certitude, journalists on Thursday night embraced President Barack Obama's vilification of those working for Wall Street firms who got a bonus last year. “Shameful,” NBC Nightly News anchor Brian Williams teased his newscast, “that's how President Obama labels those Wall Street types paying themselves big bonuses while getting billions in tax dollars.” Reporter Chuck Todd referred to how Obama was “channeling his inner populist” as he “got upset about something that the public has been angry about for weeks.”

CBS's Katie Couric led with how “we found out what it takes to get Barack Obama angry,” that “employees of financial companies in New York collected nearly $18.5 billion in bonuses last year” and “the President called it 'shameful.'” Chip Reid related how “the President told advisors the anger rose straight from his gut” before Reid relayed that another liberal politician, New York Attorney General Andrew Cuomo, “said the President's remarks are 'a welcome breath of fresh air.'”

Speaking of “dishonesty” in McCain's TV ads, on Fox News Sunday Brit Hume pointed out Barack “Obama goes around claiming he's going to cut the taxes of 95 percent of the public, which is literally impossible” since “40 percent of American taxpayers don't pay any income tax,” but that hasn't stopped ABC (directly) and CBS (implicitly) in recent days from advancing that Obama claim as fact. Charles Gibson, in his third interview session with Sarah Palin excerpted on Friday's 20/20 and Nightline (see earlier NB item), stated that Obama will extend the “Bush tax cuts on everything but people who own or earn more than $250,000 a year -- cuts taxes on over 91 percent of the country.”

On Tuesday's CBS Evening News, Anthony Mason looked at how the Obama and McCain tax plans would impact three Ohio families, including Charles and Joi Beacham who earn $32,000. Mason asked them: “In terms of taxes, what do you want from the next President?” Joi, a school teacher with an astounding level of chutzpah, replied: “Relief.” Chutzpah because, as Mason only noted later (and deserves credit for doing so unlike many of his colleagues over the years), the Beachams “paid no taxes in 2007.” Nonetheless, Mason proceeded to report how the Beachams would benefit more from Obama than McCain since they “would see no change in their taxes under McCain, but the Obama plan would help them” because they would get refundable credits and thus “receive a check from the government for more than $2,200.”

As of late, the networks just can't get enough of bad housing news, seizing each opportunity to make a point how bad the American economy is.

Each of the network news broadcasts on May 27 - ABC, CBS and NBC - took the news that home prices fell 14 percent in the first quarter of 2008, despite the news that new home sales rose an unexpected 3.3 percent in April from March, to portray the economy in a very grim light.

"The downward slide for home prices is only picking up speed," CBS correspondent Anthony Mason said on the May 27 "Evening News." "The 14 percent plunge nationally was led by Las Vegas, where prices have fallen more than 25 percent over the past year. Miami is down more than 24 percent, Phoenix - 23 percent. Among the 20 major cities surveyed, only Charlotte showed a meager gain and analysts can't see a bottom yet."

After pushing for the government to save the day as the economy comes to grips with bad business decisions made in the credit markets, “CBS Evening News” doesn’t think the government’s tax rebate will be enough.

“The government started sending out those tax rebate checks today, but they may not do all that much to stimulate the economy because a lot of the money will be used to pay for basic necessities like energy,” “CBS Evening News” anchor Katie Couric said on the April 28 broadcast. “The price of oil approached $120 a barrel today before closing at a record $118.75.”

Despite some receiving checks between $300 and $1,200 and an extra $300 per child, Couric deemed the rebate checks as “shrinking” because of high gas prices.

When This Week assembled a round-table of four liberals versus one conservative yesterday, I kvetched. Maybe I should have cheered. ABC's idea of balance looks good compared to that of CBS. This morning's Early Show preview of the Bush admin's plan, to be announced later today, to regulate the financial industry was essentially conservative-free. OK, to be absolutely accurate, there was a brief clip of Treasury Secretary Paulson saying the plan would protect the Fed's balance sheet and US taxpayers.

But in her set-up piece, CBS's Kimberly Dozier emphasized the negative: "critics say it's win-win for banks, not the consumer. Less regulation, but no new legal limits to stop questionable lending practices or to stop the shell-game financial structures that led to the current mortgage debacle." The only expert she aired was University of Maryland economist Peter Morici who griped that under the plan: "[banks] can still engage in sharp practices that got them in trouble. There's no reason to believe that this regulatory format will keep the kind of crisis we just had from happening again. Nor will it get us out of this recession."

Co-anchor Maggie Rodriguez took the baton from there. She first interviewed Sen. Chris Dodd (D-CT), who claimed Congress had already given the Fed "massive" regulatory authority. Dodd predictably blamed the current situation on "a failure of leadership." Then it was on to Rodriguez's in-studio chat with CBS News biz correspondent Anthony Mason who--surprise!-- was also a critic of the plan.

View video here.

Delivering a ridiculous level of vacuous hyperbole, Thursday's CBS Evening News greeted reports of a 0.83 percent 4th quarter foreclosure rate with just under 6 percent of mortgages more than a month past due as proof “the American dream” is “slipping away” since “foreclosures are spreading like cancer.” Those may indeed be unusually high levels, but the American dream is hardly “slipping away” when 99.17 percent are not in foreclosure and 94.18 percent are paying on time or nearly on time.

Anchor Katie Couric at the top of the March 6 CBS Evening News, with "Foreclosure Crisis" on screen:

Good evening, everyone. It's one of the worst things that can happen to a family, but it's happening to more and more in this country. They're losing their homes to foreclosure. The mortgage industry reported today that the foreclosure rate in the final quarter of 2007 hit an all-time high [0.83%]. And the government says, that for the first time ever, lenders own a greater percentage of the average home than the homeowner does. Anthony Mason now on the American dream that's slipping away.

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.

If you haven't gotten to check out the Business & Media Institute's new weekly video blog, The Biz Flog, this week's topic is the media's shift from reporting on "recession" to all-out "depression."

Complete with old-timey piano music and grainy film, this week BMI gives you our take on the many instances when reporters have compared the current economy to a time when soup lines and the Dust Bowl carried headlines.

Fear not, ye economically downtrodden: Katie Couric is looking out for you.

The "CBS Evening News" broadcasts over the last few months have found a multitude of ways to frame the U.S. economy in the worst possible ways, so much so that Couric compared CBS News correspondent Anthony Mason to the grim reaper on a recent newscast.

But Couric offered a solution to the pending doom and gloom you see every night on the news on the February 11 "Evening News" - stamp futures.

If "CBS Evening News" anchor Katie Couric makes statements about someone's downbeat economic reporting - you know it's blatantly gloomy.

CBS News Business Correspondent Anthony Mason, who rarely finds a positive thing to say about the U.S. economy, gave another negative report during the January 30 "CBS Evening News," after the Federal Reserve decided to cut 50 basis points off its Fed funds rate. This time Couric compared Mason to "the grim reaper."

"Anthony, you're starting to sound like the grim reaper every night," Couric said." So - but it's good to have you."

Mason warned Standard & Poor's, a financial research firm, just announced it may cut its ratings on some securities associated with the turmoil in the subprime lending market.

It's no longer enough to say the economy is heading into or already is in a recession. Invoking the memory of the Great Depression has become the latest way to dramatize the economic turmoil caused by the credit markets.

"[I] think we are facing the worst financial crunch and crisis since the Great Depression," Mort Zuckerman, editor-in-chief of U.S. News & World Report, said on the January 20 "McLaughlin Group."

Zuckerman told viewers we're heading into uncharted territory with this current credit freeze-up.

"You have the entire banking system now that is virtually frozen. And there are, not just this subprime mortgage thing, there are other things called credit default swaps where they will lose as much money, $250 billion on. The banks are frozen. They are not making loans because they have such huge debts that they have to take on to their balance sheets and nobody knows how to deal with that," he continued.

If you watched the news in the last 24 hours, you'd think women's clothing sales were the barometer for the economy. All three major networks reported a 6-percent decrease in women's apparel sales this holiday season, calling the figure "ominous," "worrisome" and "a big deal."

The only problem is that the corporation reporting the figures, Mastercard, didn't say it was that big of a deal. In fact Mastercard's SpendingPulse showed a "modest increase" in holiday sales overall, and "extraordinary growth" for eCommerce sales.

But for the MSM, good news is no news, so they zeroed in on one negative to suggest Christmas 2007 is a retail failure. And since Christmas is all about shopping, we might as well declare the whole season over before it started!

On the "CBS Evening News" Dec. 17, Anthony Mason reported "an ominous sign: