Economy

According to the Heritage Foundation Barack Obama’s policies, in just two years, have resulted in the number of Americans who rely on a federal program spiking by 23 percent to 67 million. Yet there was no mention of this grim figure on the Big Three network (ABC, CBS and NBC) evening or morning news programs. Since the study was released on Wednesday only Fox News and CNN have mentioned the increase in government dependents was the biggest two year jump since Jimmy Carter was president.  (video after the jump)

Sometimes you read the most interesting things in those supposedly boring trade publications.

One such item of interest comes from an article in Manufacturing News (HT to an emailer) written by Richard A. McCormack which is primarily about the Mainland China's designs on the worldwide auto parts industry, including the U.S. Some of the larger American unions are demanding that the administration and Congress take action on what they see as unfair trade practices. One sentence is indicative of a more pervasive problem, and it directly contradicts what the establishment press has been telling Americans for months. It's of particular concern to all Americans because the U.S. government still owns over 25% of General Motors, and reads as follows: "China has told GM that it will not be able to sell its Volt electric vehicle in China unless GM transfers technology to China and produces the vehicle there."

National Journal's Ron Brownstein challenged the assumption that the Bush tax cuts created much economic growth, noting that they failed to stem the rising number of Americans living in poverty. Brownstein made his liberal points Thursday morning on CNN to guest Rep. Paul Ryan (R-Wisc.).

"What in that record gives you confidence that extending those tax cuts will produce better economic growth in the future than they've contributed to so far in the past?" the CNN analyst posed to Ryan, citing that the number of Americans living in poverty increased by 8 million after President Bush enacted his tax cuts.

On Monday (appearing in the print edition on Tuesday, New York Times op-ed columnist Joe Nocera gave President Barack Obama a pass for rejecting the Keystone Pipeline. In the process, he also complained about "the way our poisoned politics damages the country," and, in a revelation which shouldn't but did surprise him, learned that far-left environmentalists want to stop all tar sands development and not just the pipeline. Imagine that.

Here are several paragraphs from Nocera's column (my comments are in italics):

If you needed more proof of liberal media bias, just look at the orgasms created by Friday's announcement that unemployment in January dropped to 8.3 percent.

By contrast, these same folks were practically suicidal as the jobless rate dropped to 5.6 percent when George W. Bush was President in January 2004.

New York Times reporters Trip Gabriel (pictured right) and Ashley Parker, who follow Newt Gingrich and Mitt Romney, respectively, teamed up for Saturday’s report from Las Vegas, “Republican Candidates Wrangle Over Nevada," rushing to Obama’s aide after a mild attack by Mitt Romney, and accused conservatives of carrying a “caricature” image of lefty donor George Soros.

Despite Clint Eastwood's pronouncement Monday that he is "certainly not politically affiliated with Mr. Obama," the President's fans in the media are doing a victory lap over Super Bowl Sunday's Chrysler commercial featuring the Oscar-winning actor and filmmaker.

So excited by this ad was MSNBC's Ed Schultz Monday that he disgustingly asked his audience, "Will voters hold Republicans accountable for trying to kill the American auto industry?" (video follows with commentary):

In his softball Sunday interview with President Obama before the Super Bowl, Today co-host Matt Lauer invited the Democratic commander in chief to speculate on Mitt Romney's ability to connect with voters: "He's a guy who's been incredibly successful in his life and career. He's made a lot of money, it's not a crime...can [he] identify with the middle class and the underclass in this country?"

While Obama refused to "comment on any particular candidate" he had no trouble hitting Lauer's easy pitch: "...people also want to see is that everybody is doing their fair share. That we're all pulling together....Whoever the Republican nominee is, I fundamentally disagree with a formula that would go back to the same policies that got us into this mess in the first place."

When I saw CNN's Candy Crowley on Sunday tease an upcoming State of the Union segment saying she'd be discussing Friday's unemployment report after a commercial break, I was hoping to see a complete analysis of the data provided by the Bureau of Labor Statistics.

Much to my shock and dismay, although she and her guests discussed the economy and the jobs market for eight minutes over two segments, there was not one single word said about the declining participation rate or the record 1.2 million one month increase in the number of people not in the labor force (video follows with transcript and commentary):

"Barack Obama has not put anyone on food stamps."

So hysterically wrote Barbra Streisand at the Huffington Post Friday evening:

In this week's "Is He Really This Stupid or Just a Bald-Faced Liar" segment, HBO's Bill Maher Friday night once again proved that he is either one of the dumbest people on television or is way too dishonest to have his own show.

On the most recent installment of Real Time, the host emphatically claimed, "We've lost 500,000 public sector jobs since Obama took office and added 3.7 million private sector jobs" (video follows with transcript and commentary):

It certainly is no surprise the Obama-loving media are doing a jubilant victory lap over the stronger than expected headline figures in Friday's unemployment report.

Also not at all shocking was MSNBC's Martin Bashir falsely claiming on the show bearing his name Friday, "Under this president over three million private sector jobs have been created" (video follows with transcript and commentary):

On Tuesday, Ken Thomas of the Associated Press covered President Barack Obama's appearance at the Washington Auto Show and allowed Obama's criticism of Mitt Romney as being among those "willing to let this industry die" to stand, ignoring known history in the process.

Obama's statement marks him as a true ingrate, because for better or worse (my opinion: worse; your mileage, so to speak, may vary) Mitt Romney, after warning of the dangers of bailing out General Motors and Chrysler, shifted gears four months later and vigorously defended the President when the administration orchestrated a boardroom coup at GM which included the forced resignation of CEO Rick Wagoner. This was the point at which it became clear that Obama wanted the government to control what happened at GM until it either recovered or was forced into what most were already seeing as an inevitable bankruptcy filing. In a CNN interview the day the news broke, Romney complimented Obama for demonstrating "backbone." What follows are five paragraphs from Thomas's piece, a screen shot of the article CNN posted that day, and a transcript of the relevant portion of Romney's March 31, 2009 interview:

MSNBC's Thomas Roberts isn't even trying anymore to be an objective journalist.

Yesterday's passage of a right-to-work bill in Indiana was a measure "stripping the state of union rights," Roberts insisted during the 11 a.m. Eastern hour of MSNBC programming. "That makes Indiana not just the 23rd union-busting state, but the first new right-to-work state in ten years," the anchor noted as he introduced right-to-work opponent Indiana State Senator Vi Simpson (D).

The passage of "controversial" right-to-work legislation in Indiana is a "blow to organized labor." That's the spin by Reuters reporter Susan Guyett, who front-loaded her coverage of the bill's passage by focusing on anger from liberals and labor unions over the new legislation (emphases mine):

Sounding like an Obama campaign spokesman on Thursday's NBC Today, correspondent Peter Alexander touted how a recent gaffe by Mitt Romney was "not the first time...Remember that he said corporations are people, or there was the $10,000 bet during the debate."

Alexander proclaimed it to be, "just one more item that could go on to the president's re-election campaign team's greatest hits reel against Romney." At the top of the broadcast, co-host Ann Curry hyped: "GOP frontrunner Mitt Romney deals with a backlash to this controversial comment." The edited sound bite that followed ignored the full context of Romney's remark: "I'm not concerned about the very poor, we have a safety net there."

Oh joy.

Today at the Associated Press, aka the Administration's Press, in response to the Congressional Budget Office's release today of an awful 10-year baseline outlook, Andrew Taylor made sure that his first paragraph was only about the projected "dip" in the fiscal 2012 deficit, and dedicated his second paragraph to the bad things that will happen if "the Bush tax cuts" are extended and Congress fails to live within "tight" spending "caps" (when did those happen?). Towards the end he spoke of the deficit-cutting wonders ending "the Bush tax cuts" might bring about. What follows are the first two paragraphs of Taylor's report, followed by the "Bush tax cut" passage:

On Tuesday, for the second time in two weeks, CNN's Soledad O'Brien insisted that President Bush, not President Obama, is the "food stamp president" – even though data show her argument is ridiculous.

On January 19, O'Brien had opened up that "it was George Bush who was the food stamp president." Then on Tuesday, she stated that Bush oversaw a greater percent increase of food stamp recipients than Obama has, and thus was more deserving of the title "food stamp president."

Scott Pelley simply got it wrong on Tuesday's CBS This Morning, when he claimed that the Republican presidential candidates "have finally arrived in a state that was very hard hit by the great recession and has been suffering for a very long time. The unemployment rate here is about 10%." In reality, South Carolina, the state that held the last GOP primary, has about the same unemployment rate, at 9.9% [audio available here; video below the jump].

Two weeks earlier, on the January 17 edition of his CBS Evening News program, Pelley introduced a segment with John Dickerson, who was in the Palmetto State, which referenced the national unemployment rate. But neither on-air personality mentioned the specific unemployment rate inside the state:

A report carried at CBS News in St. Louis from Jim Anderson of the Illinois Radio Network (IRN), which appears to be a private entity, tells readers that a research study (summary; PDF of relevant chapter) published by the Institute of Government and Public Affairs (IGPA) at the University of Illinois has identified "a combination of tough policies (which) could bring the state into fiscal balance by the end of the decade." To be clear, the end of the decade is seven years and eleven months from now.

Predictably, the "tough policies" include "maintaining increased income tax rates after they are scheduled to expire." On the spending side, what IGPA describes as "extreme austerity" means "keeping the growth rate of all spending down to 2.1 percent per year." Those who would rather not look at IGPA's detail can be forgiven, because the opening paragraph of the linked chapter above, which IRN did not cite, gives away the researchers' detachment from reality:

The ignorance of HBO's Bill Maher was oozing from every nook and cranny of his being Friday night.

After telling his Real Time audience that the national debt has only gone up by $1.5 trillion under Obama, the host during the Overtime segment actually said, "Mitt Romney we found out made $27 million, only paid 11 percent in taxes” (video follows with transcribed highlights and commentary, first relevant section at 4:00):

How many times have you watched a political talk show and just couldn't imagine the nonsense coming out of some liberal pundit's mouth?

On PBS's McLaughlin Group Friday, Newsweek's Eleanor Clift said something so absolutely absurd about tax cuts that U.S. News and World Report's Mort Zuckerman did a double facepalm on camera in disbelief (video follows with transcript and commentary):

In today's "How Can Someone So Dumb Have His Own Nationally Televised Show" segment, HBO's Bill Maher said Friday the federal debt has only increased by $1.5 trillion since Barack Obama took office (video follows with transcribed highlights and commentary):

In two items about today's report on economic growth from the federal government's Bureau of Economic Analysis today, Martin Crutsinger claimed that today's lower-than-expected annualized growth of 2.8% during the fourth quarter of 2011 (vs. expectations of 3% or higher) was hurt because of big "cuts" in government spending, especially federal spending -- supposedly the biggest cuts in 40 years. I guess the underlying message is supposed to be that Congress shouldn't try to reduce federal programs any more, because already they're allegedly being cut at historic rates.

Baloney. Crutsinger was either being incredibly ignorant by assuming that all government spending is part of GDP (it's not; only government purchases of goods and services are components of GDP), or he deliberately deceived his readers. At the federal level, purchases of goods and services and "investment" are only about 30% of all government spending. Total spending has hardly gone down at all. Here are the relevant paragraphs from his two reports:

In what amounted to a love letter to California's Democratic Governor Jerry Brown on Thursday's NBC Nightly News, special correspondent Tom Brokaw gushed: "It's not sunshine every day for the California economy, but Jerry Brown has not given up on big dreams. His new big dream, a high-speed rail line from the north to the south..."

Anchor Brian Williams set the scene for Brokaw's fawning report: "California is mounting a comeback led by a man whose name has been synonymous with California government for decades." Brokaw sympathetically declared: "The one-time boy wonder of California politics is now the state's aging lion....Sticking up for his state."

Today's report by Derek Kravitz at the Associated Press (also known to yours truly as the Administration's Press) covering the Census Bureau's December and full-year 2011 new-home sales release put a smiley-face on the "worst ever" year (the AP headline's term) in the category.

I like the adjective used at Sweetness & Light's related blog post to describe Kravitz's crud: "unfazed." The AP reporter follows four paragraphs of facts with three more paragraphs of sunshiny "analysis" which are so wholly unsupported by reality that you would fall off of your chair laughing if you didn't also realize that most readers, listeners and viewers who saw and heard this garbage today didn't know any better than to believe it:

MSNBC's Chris Matthews claimed Thursday that the unemployment rate is lower now than when Barack Obama took office.

Such was said during a contentious Hardball discussion with Republican Arizona Congressman Trent Franks (video follows with commentary):

In a vain attempt to justify President Obama's claim that "America is back," on Wednesday's NBC Nightly News, chief White House correspondent Chuck Todd excitedly announced to viewers: "In our new NBC/Wall Street Journal poll, improvement in three key categories seems to indicate the statistical green shoots about the economy is now actually penetrating the American psyche."

So what stunning reversal of public sentiment did the new poll reveal? Here it is: "The big number, of course, is whether the country is headed in the right direction. In December, it was 22%. Now it shot up seven [eight] points to 30%. That's a one-year high." The graphic on screen showed that 61% of Americans still believe the nation is headed in the wrong direction.