By Dan Gainor | September 30, 2015 | 12:13 AM EDT

How do you spell hypocrisy? W-a-s-h-i-n-g-t-o-n P-o-s-t.

The Washington, D.C., paper of record has spent the past year filling bird cages and landfills with stories about income inequality – 156 in print alone and another 404 in blogs or 560 total. Subtract one of those (listed twice in LexisNexis) that included the name of billionaire Post owner Jeffrey Bezos. And that was a column by conservative George Will declaring: “Income inequality is good.”

By Tom Blumer | September 29, 2015 | 10:15 AM EDT

August's seasonally adjusted Pending Home Sales Index value contained in the related press release from the National Association of Realtors was the lowest in the past five months, and 2 percent below April's level.

Disclosing the size of the recent slump apparently wasn't considered important at the Associated Press, aka the Administration's Press. What was news at AP, whose Josh Boak essentially copied NAR's release and added standard boilerplate about job growth instead of engaging in informative journalism, is that the index is up by over 6 percent from a year ago, even though that increase ended several months ago.

By Kyle Drennen | September 22, 2015 | 1:12 PM EDT

All three broadcast networks Tuesday morning seized on a pharmaceutical company hiking the price of a prescription drug in order to promote Hillary Clinton’s call for new government regulation of the industry. At the top of NBC’s Today, co-host Savannah Guthrie proclaimed: “5,000% hike?! The young drug company CEO under fire for raising the cost of a life-saving pill overnight....The controversial decision making it all the way to the campaign trail.”

By Tom Blumer | September 19, 2015 | 10:51 PM EDT

The business press just can't understand why the Federal Reserve decided not to raise interest rates on Thursday. After all, these alleged journalists have been telling us for months bordering on years that U.S. economy is really in good shape. So it should be able to handle a rate hike, especially after over seven years of rates at essentially zero. The problem is that they now believe their own bogus blather. The U.S. economy is not in good shape, and data seen during the past several weeks show that the situation is deteriorating, not improving.

Excerpts from an early Friday report at the Associated Press by Josh Boak illustrate how out of touch the business press really is (bolds and numbered tags are mine):

By Tom Blumer | September 19, 2015 | 10:02 AM EDT

The business press is trying to convince readers, listeners, and viewers that Janet Yellen's Federal Reserve kept interest rates at zero not because of U.S. economic conditions, which supposedly "look good" with "steady economic growth." No-no. She stayed the course because of the troubled tglobal economy.

Thursday evening, Reuters wrote that the Fed failed to move "in a bow to worries about the global economy, financial market volatility and sluggish inflation at home." Bloomberg directly blamed "China growth concerns." The Associated Press's Martin Crutsinger cited "a weak global economy, persistently low inflation and unstable financial markets." None of the three noted the deteriorating situation in the U.S., and the only item I could find which cited the Fed's full set of pathetic annual U.S. growth projections was a Wall Street Journal editorial.

By Curtis Houck | September 18, 2015 | 11:55 AM EDT

In a near 180-degree reversal to his interview the previous evening with MSNBC's Rachel Maddow, Democratic presidential candidate and socialist Bernie Sanders found himself on Friday’s CBS This Morning being repeatedly slammed from the right by co-host Norah O’Donnell on his far-left tax plans and hope for a universal health care system. 

By Tom Blumer | September 17, 2015 | 2:21 PM EDT

Either Nicholas Riccardi at the Associated Press is woefully ignorant, or he set out to deliberately mislead readers about the impact of Republican presidential candidate Jeb Bush's tax plan. I'll report the details; readers here can decide for themselves.

Riccardi's "analysis," contained in his Sunday morning writeup covering the tax proposals of Bush, Marco Rubio and Rand Paul, contained the following paragraph summarizing the Bush plan's impact (HT to longtime emailer Alfred Lemire):

By Tom Blumer | September 16, 2015 | 5:21 PM EDT

From its "Don't read this story, it's boring" headline to its obfuscating content, today's coverage at the Associated Press, aka the Administration's Press, of the Census Bureau's 2014 report on income and poverty in the United States was all about ensuring that readers know as little as possible about the declining incomes and disheartening increases in officially-defined poverty seen during the Obama administration.

I'll focus on just two of the many shortcomings in Jesse J. Holland's AP report.

By Clay Waters | September 14, 2015 | 11:17 PM EDT

New York Times' food writer and leftist ranter Mark Bittman is retiring, and sent himself off in the paper's Sunday Review with a seven-course feast of his usual Krugman-esque pomposity and shameless left-wing inanities under the guise of food writing. NewsBusters has long documented Bittman's limitless appetite for intrusive government in the name of safety. Bittman's self-send-off in the Sunday Review regurgitated many of his hard-to-swallow premises, like limiting the speech of food marketers and pushing for a $15 minimum wage.

By Tom Blumer | September 10, 2015 | 11:14 PM EDT

Today's Monthly Wholesale Trade report from the Census Bureau covering July was the latest in a wave of disappointing reports on business activity this year. Wholesale inventories remained very high, while sales turned in a seventh consecutive month of year-over-year declines.

Much of that sales decline is due to the fall in oil prices during the past year. But even after factoring that out, wholesale sales are either flat or declining, leading one to wonder how the economy could have grown at all during the past year or so. Josh Boak at the Associated Press appeared to understand that there are some problems out there, but his Thursday morning report understated their seriousness, largely because he doesn't seem to understand that a high level of inventories can be a very dangerous thing:

By Tom Blumer | September 8, 2015 | 3:21 PM EDT

Democrats' current and potential candidates for their party's 2016 presidential nomination continue to complain about various aspects of the economy. They continue to make no connection between their complaints and the fact that Democrat Barack Obama has been in the White House for over six years. Obama has for the most part operated either under the conditions created by the 2009-2010 Congress or, when resisted, by unilaterally ruling through executive orders and arbitrary regulatory actions.

Establishment press outlets, likely recognizing the candidates' hypocrisy, mostly fail to carry their complaints — and when they do, they make no attempt to note that the candidates are citing areas the Obama administration has either failed to address, or has attempted to address counterproductively. This pattern of behavior became so obvious yesterday as a result of Vice President Joe Biden's appearance in Pittsburgh that National Review and IJ Review contributor Stephen Miller tweeted the following:

By Tom Blumer | August 20, 2015 | 10:26 AM EDT

Imagine if, in 1987, a Federal Reserve official could have pointed to a poorly performing economy and said, "Gee, this supply-side economics hasn't worked out very well." The press would surely have treated the story as a front-page item and ensured that it got air time on the Big Three networks' then-dominant nightly news broadcasts. Of course, there was no such credible report, because the economy under Ronald Reagan was so obviously robust.

Fast-forwarding 28 years, the author of a July Federal Reserve white paper on the Fed's Keynesian-based "quantitative easing" program contends that "There is no work, to my knowledge, that establishes a link from QE to the ultimate goals of the Fed—inflation and real economic activity." In other words, there is no evidence that $4.5 trillion in funny money with which the economy has been saddled has accomplished anything. In the establishment press, only CNBC's Jeff Cox has covered it (bolds are mine):