At the Wall Street Journal's Best of the Web today, Jim Taranto noted that it took the Associated Press's Jeannine Aversa until the 15th paragraph of her expanded dispatch on today's Employment Situation Report to find something mildly positive to write.

Aversa, who has been one of the wire service's chief silver lining make-up artists during the Obama presidency's disastrous economic stewardship offered up this contention:

Even with higher pace of job cuts in June, the report indicates that the worst of the layoffs have passed.

The charts from Uncle Sam's Bureau of Labor Statistics that follow show that the evidence for her claim is scant to non-existent.

Either "CNBC Reports" anchor Dennis Kneale has a flair for the dramatic or he upset a lot of people in the blogosphere with his biting critique of the blogosphere's negativity on the economy.

On the July 1 broadcast of "CNBC Reports," Kneale responded to harsh, angry criticism from bloggers - even pointing out blogs like the Huffington Post, with an openly left-of-center perspective.

"Last night on this show, I stirred up an angry hornet's nest in the blogs, you know, when I criticized their mean-spirited negativity, bashed them for hiding behind their cowardly cloak of anonymity," Kneale said. "And, I called them dickweeds, a form of pond scum. Well, they have howled with outrage throughout the blogosphere. Blog sites like Dealbreaker, Gawker, Huffington Post, the Business Insider, Zero Hedge and more have incited an online mob to rush to their defense."

While many on the left are reveling in the downfall of South Carolina Gov. Mark Sanford after he disclosed his affair with a woman in Argentina, there's a sympathetic figure being overlooked that might have the necessary background to fill the void left by the governor should he resign.

On CNBC's June 30 "The Kudlow Report," Wall Street Journal senior economics writer Steve Moore explained his close relationship with the Sanfords and raised a new political possibility.

"This is such a tough thing for me Larry, because as you know Mark Sanford has been a long-time friend of mine," Moore said. "This story truly breaks my heart." Moore suggested that South Carolina First Lady Jenny Sanford run for her husband's seat - as he called her "the brains of the operation."

Got this e-mail earlier this afternoon, which pretty much says it all about ABC's news priorities:

The links in the e-mail are after the jump.

As we near the end of June, which is supposed to be one of the four biggest months for federal tax collections (January, April, and September are the others), it is clear that the serious receipts shortfalls are not only continuing, but have caused the March 20 projections of the administration and the Congressional Budget Office (CBO) to be outdated.

Media coverage of the ongoing receipts dive has been minimal at best. A Google News search on "federal receipts" (typed in quotes) returns on seven items, two of them originating from yours truly.

Here is where things stand as of the last Friday of June in both 2009 and 2008, per Uncle Sam's related Daily Treasury Statements:

ABC's online "The Note" describes itself as "Washington's Original and Most Influential Tipsheet." ABC News's Senior Political Reporter Richard Klein is its current content creator.

We'll see how influential "The Note" really is if what Klein writes about the machinations behind the attempt to make us forget that the Obama stimulus plan was supposedly going to be making some kind of difference at this point gets out anywhere else. Color me skeptical.

No doubt, Klein gets in some pretty strong, accurate, and long-overdue rips (links are in original):

Those who have followed my posts for a while know that I have a particularly low regard for the work of MarketWatch's Rex Nutting (pictured at right). It goes back to the pre-housing mess days when he tried to tell me that the the drop in housing prices would look like the 75%-plus drop in the NASDAQ from 2000-2002 or the collapse of Dutch tulip prices centuries ago. As of April 2009, according the Federal Housing Finance Authority (FHFA), the successor to the Office of Housing Enterprise Oversight, the two-year drop in housing prices since the April 2007 peak has been 11.2% (PDF). Of course, give the Obama administration enough time, and who knows what it might do to housing values?

After the government's "final" GDP report for the first quarter of 2009 on Thursday (future comprehensive revisions during the next two years could still ultimately change the outcome), it occurred to me that the reported annualized contraction of 5.5%, in combination with the annualized 6.3% contraction logged in the fourth quarter of last year, might be some kind of record. I looked at historical info, and found that the most recent two-quarter dive is the worst since the same quarters of 1957-58. Then in seeing who might have written this up, I came across Nutting's related report, which contains two statements that are patently untrue.

What's remarkable is that one of his errors indicates that he or someone else at MarketWatch must have looked for the numbers in question and, along with his editors (if they exist), blown right by them.

Nutting's erroneous statements in his Thursday MarketWatch report are the first two sentences (bolded by me) in the following paragraph:

Clearly, the most important takeaway from ABC's low-rated White House forum on health care was President Barack Obama's admission that he would go outside the constraints of a nationalized system to get the "very best care" if necessary for his own family.

Hot Air's Ed Morrissey noted that Obama's response should properly be seen as "a Michael Dukakis moment that exposed him as a hypocrite."

A video of the exchange is at YouTube. To the extent possible, see if you think Diane Sawyer, standing next to the inquiring doctor, looks a bit peeved as the nature of his question becomes clear.

ABC's Jake Tapper and Karen Travers understood the newsworthiness of what Obama said, and led with it in their post-forum coverage:

While much of the country has been captivated by the passing of pop star Michael Jackson, the scandal of South Carolina Gov. Mark Sanford and turmoil in Iran and Iraq, business news has fallen off the front pages. 

That was the observation CNBC "Mad Money" host Jim Cramer made on the June 26 broadcast of "Street Signs." Cramer noted that the front page of the June 26 New York Times was entirely devoid of business news.

"Remember when business was on the front page?" Cramer said. "We were on the front page for awhile. It was really frightening. It's still off - our whole, our whole - the whole stock market, the economy, we're all off the front page. We're no longer important because lovers, this guy Sanford - I'm not that familiar with his story. Those two people in Pennsylvania that were on the ‘Today' show and all those others."

Call this a teachable moment, but even with ABC's best-laid plans to kickstart the debate about health care reform and not allow the "Prescription for America" special to become an "infomercial," as many have complained - the president spent more than twice as much time as his questioners vaguely answering or not answering the questions asked of him. But the network consistently presented the event as part of the need to fix a "broken system." When asked, every one of the 164 hand-picked audience members said they felt that health care needed to be changed.

President Barack Obama appeared on the ABC network in a town hall format broadcasted from the White House on two separate programs on June 24 - an hour-long primetime special during the 10 p.m. Eastern Time hour and later on the "Nightline" program that aired during the 11:30 p.m. Eastern Time hour.

Can food taste too good? Yes, if you're New York Times health columnist Tara Parker-Pope. Her Tuesday "Well" column for the Times is currently the #1 most emailed article on nytimes.com, and is an interview with former Food and Drug Administration head (and over-zealous banner of orange juice and silicon-gel breast implants) David Kessler on his new book, with the typically scolding title, "The End of Overeating: Taking Control of the Insatiable American Appetite."

A Times headline writer took the same hectoring cue, eschewing personal responsibility for what people eat and blaming it all on food industry mind control: "How the Food Makers Captured Our Brains." Parker-Pope, via Kessler, actually comes out against food manufacturers for making their products tastes good.

As head of the Food and Drug Administration, Dr. David A. Kessler served two presidents and battled Congress and Big Tobacco. But the Harvard-educated pediatrician discovered he was helpless against the forces of a chocolate chip cookie.

Maybe reporters Brian Faler or Nicholas Johnston at Bloomberg asked Barack Obama some really challenging questions when they had a chance to interview the President at the White House. Maybe they even did some basic fact-checking. If so, there's precious little evidence of either in their June 16 report.

They allowed the president to blame most of the current year's deficit on George W. Bush. They let him speak of "robust" growth when the best guesstimates they quoted for the second half of this calendar year and all of next year are anemic -- at least as the press benchmarked growth during the Bush 43 years.

The Bloomberg pair also ignored the alarming deterioration in federal receipts from economic activity that has continued into June, one of the four biggest collections months of the year.

Here are key paragraphs from Faler and Johnston's failed filing (bolds are mine):

Journalists, take note: Dylan Ratigan should be your model.

Despite working for MSNBC, Ratigan has shown a hard-nosed, take-no-prisoners interview style that is quickly gaining him the reputation for being the toughest interview on television.  It isn’t often that an MSNBC host can claim to be tough on both sides of the political aisle, but the former CNBC correspondent could probably do it with a straight face and a clear conscience.

This morning, for example, Ratigan was brought in as a hired gun of sorts, to speak with Obama’s Chair of the Council of Economic Advisers (CEA), Dr. Christina Romer.  Typically, in interviews with White House economic wonks, TV personalities can easily be blown away by the technical rhetoric of economists.  Typically, these wonks sound very much like they know what they’re talking about, even when they are in fact dodging the question.  This was not a typical interview in either regard.

For example, to kick things off, Ratigan asks a rather technical question:

ABC and CBS's morning shows on Wednesday both provided surprisingly tough questioning to Christina Romer, one of Barack Obama's economic advisors. On the issue of health care, Good Morning America co-host Diane Sawyer compared the costs of Medicare to the new health care plan and pointed out past government inaccuracies when it came to accessing cost.

She grilled, "You know, in 1965, everyone was told that over 25 years, the cost of Medicare would be $12 billion. The actual cost, $107 billion." Sawyer added, "Ten-times what the estimate was. Can you know this cost? And can you guarantee it's not going to be more than the administration believes?" Early Show co-host Maggie Rodriguez quizzed Romer, the Chairwoman of the President's Council of Economic Advisors, on Obama's repeated insistence that he has no interest in meddling in the private sector. She wondered, "He sounds like he's being forced to do these things. If he believes that big government is actually a bad thing, why doesn't he at least try less intrusive options, which are certainly be offered up?"

On Tuesday's Good Morning America, Diane Sawyer complained about America's maternity leave policies for women, and for the fourth time in slightly more than two years, the show connected them to such struggling countries as Swaziland and Papua New Guinea. The host solemnly observed that only three countries "have policies equal to the United States. Swaziland, Liberia and Papua New Guinea."

Sawyer, who was introducing a segment on how women are afraid to take much maternity leave during the recession, derided, "Even in Iraq, women get one year of leave, six months at full pay, and six months of half pay." Linking the U.S. to such poor countries was, perhaps, intended to horrify viewers. However, the ABC anchor left out some key stats, such as the fact that nations mandating paid maternity leave, such as Germany, often also have high unemployment rates.

As for the countries Sawyer mentioned, Swaziland also has an unemployment rate of 40 percent, an infant mortality rate of 70 percent and a life expectancy of 32. Papua New Guinea's unemployment rate is up to 80 percent in some urban areas. So, there seems to be some differences between America and these countries.

First the federal government's auto bailout bullies came for Chrysler's secured, first-lien creditors, and defeated them.

Then they came for General Motors' unsecured bondholders. The feds appear to be in the drivers' seat in shafting them disproportionately to force a better deal for the United Auto Workers' healthcare trust.

Now, in a matter that at first only seemed to interest the Wall Street Journal, they've also come after Delphi's debtor-in-possession (DIP) financing providers as GM attempts to scoop up what it wants from the bankrupt auto-parts supplier. But this time, at least for now, a bankruptcy judge with a richly appropriate name has stopped them:

Sometimes the numbers in a wire service report are so ridiculous, you just know that they're bogus.

On Wednesday, June 11, a duo of Associated Press reporters, Chris Kahn and Sandy Shore, with an assist from Tali Arbel, reported on a study "green jobs" study released by the Pew Charitable Trusts. In "The Clean Energy Economy: Repowering Jobs, Businesses, and Investments Across America," Pew made the growth in "clean energy" appear more impressive than it is by vastly understating job growth in the rest of the economy during the past decade -- by a factor of three.

None of the three AP "journalists" involved, and none of the alleged layers of fact-checkers and editors at the wire service, had the intuitive sense to detect an error by Pew so pathetically obvious that anyone following the economy at all -- and that includes the folks at Pew -- should have known the figure involved was false.

Here are the first few paragraphs of the AP story (bold is mine):

Some of us have speculated that many newsrooms in America are so hell-bent on maintaining their supposedly hallowed positions -- and that by their way of "thinking" they are exempt from the normal laws of economics -- that they will have be dragged kicking and screaming from their keyboards when the repo men come around to turn out the lights. This week's events at the Boston Globe give validity to that theory.

Let's take it on faith that the Globe, the onetime New England jewel of the New York Times, really has been losing money at the rate of $1 million a week, that the Times really does need to seriously cut costs, and that all of the Globe's unions have to make concessions if the paper is to either survive within the Times, or as rumored, be salable to whatever outside entity might be brave enough to take it off the Old Gray Lady's hands.

Six of the Globe's seven(!) unions have agreed to accept concessions. They include "drivers, mailers, pressmen, electricians, machinists and technical-services workers."

Which one do you think turned the Times down?

It's a conversation, Barney, not a soliloquy . . .

Discussing the regulation of executive pay with CNBC's Mark Haines today, the testy liberal Dem from Massachusetts was affronted when Haines tried to get in a word edgewise.

Before long, Barney announced that the interview was over, and ripped off his earpiece.  Unruffled, Haines got off a good last line: "Fine, goodbye sir. We'll manage without you." [Hat tip reader Chuck S.]

View video at right.

You can't make this stuff up. The titled quote comes from a Bloomberg story today about new GM Chairman Ed Whitacre. You also can't make up most of the media's calm acceptance of yet another person heavily involved with running General Motors, aka Government Motors, who knows next to nothing about cars except as a consumer who drives them.

At least it's refreshing that this guy has experience running a business, which is more than you can say about the other two architects of the company as it currently subsists.

On May 31, the New York Times put out a fawning portrayal of the a Mr. Brian Deese, the guy who was the only full-timer on President-elect and then President Obama's car team from Election Night until mid-February.

Fasten your seat belts, this guy's lack of any kind of pedigree will have you death-gripping the steering wheel, as will the smug dismissiveness of a business system that has been the most successful in human history:

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.

Many have claimed the federal government was playing fast and loose with the rules surrounding its takeover of General Motors and the circumstances surrounding the selection of which dealerships would remain open and those that wouldn't. Fox News' Gretchen Carlson came forward with evidence of this through a personal account of dealership closings.

Carlson, a co-host on the Fox News Channel's morning show "Fox & Friends," appeared on Glenn Beck's June 9 program and questioned the logic behind the decision reached by the government and General Motors (GM) to close down a dealership that has been in her family for 90 years.

"I'd like to get a hold of the car czar too," Carlson said. "Never did I think personally that I would need to get a hold of him, but now I do because my parents have owned a General Motors dealership in Anoka, Minn., for 90 years and they were terminated last week and they would like to know why. They would like to know why from the car czar."

(I know; it almost doesn't count, because it's in the lefty-despised Wall Street Journal Opinion section.)

As yours truly noted a month after the presidential election (at NewsBusters; at BizzyBlog), Barack Obama's handlers and his teleprompter began telling the president-elect to begin using variations on the term "create and/or save" in speeches about jobs and the economy within days of his electoral victory. During the campaign, I found no example of where Obama used any variation on that phrase; it was always "we will create X number of jobs."

Until now, no one in the press of note has paid any attention to this "clever" abandonment of logic and accountability. After all, by the new "create and/or save" non-logic, Dear Leader has "saved" over 130 million jobs since his inauguration -- even though, on a seasonally adjusted basis, almost 2.2 million Americans lost theirs from February through May:

Finally, someone in the establishment media has done a serious call-out of Team Obama's risible ruse. Here are excerpts from William McGurn's hard-hitting column in today's Wall Street Journal:

Ed Frank created an interesting little video that serves as a stark reminder of how harsh the Old Media was on Bush's "faltering" economy in comparison to today's hearts and flowers style of reporting during the age of Obama, even though the stats are far, far worse under Obama than they ever were under Bush.

Frank's video is shocking for its revelation of how Bush was slapped around and how every economic indicator during his tenure in the White House was deemed as obvious proof of the supposed though times we then faced. Yet now, every dismal indicator is celebrated as if recovery just around the corner. Under Bush the Old Media was sure the economy was a wreck, now the wreck proves we will surely be saved by Summer!

Even if they ultimately lose their last-minute court battle, the Indiana pension funds defending their rights as secured first-lien creditors of Chrysler have done a valuable deed.

We have learned, among many other things, how at least one government lawyer characterized the funds' lawyer, Thomas Lauria.

A $10,000 Democratic Party donor, Lauria, despite clear evidence of intimidation of his originally larger pool of clients by Barack Obama himself (in his April 30 speech announcing the company's bankruptcy filing) and his car guys, has nonetheless bravely pursued the important contract law and fiduciary duty issues involved in the shortchanging of his clients for several weeks.

Wait until you see the word the government lawyer used to describe Lauria.

It doesn't seem like it would be too much to ask CNNMoney's headline e-mailers to read past the first sentence of a government announcement. But, maybe it is.

Here are the first two sentences of the Employment Situation Report from Uncle Sam's Bureau of Labor Statistics released this morning:

Nonfarm payroll employment fell by 345,000 in May, about half the average monthly decline for the prior 6 months, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.  The unemployment rate continued to rise, increasing from 8.9 to 9.4 percent.

Ahead of the 8:30 a.m. report, according to Reuters, Dow futures were up 54 points, while S&P and NASDAQ futures were up 5 and 5.75 points, respectively (the time-stamp is 9:22, but the narrative is clearly pre-8:30).

Just after the market opened, I received this CNNMoney e-mail:

Today's Employment Situation Report from Uncle Sam (link will be updated for May results at 8:30 a.m.) will almost certainly report hundreds of thousands of seasonally adjusted jobs lost.

According to this AFP report, "Most analysts expect employers to have cut 520,000 jobs, down from 539,000 in April. But the unemployment rate is still expected to have jumped to 9.2 percent, its highest since 1983." (UPDATE: 345,000 seasonally adjusted jobs were lost in May, but the unemployment rate rose sharply to 9.4%.)

"Down from April"? Given the vagaries in the governmnent's estimates, and that the figure will be revised in the following two months, how about "virtually the same as April"?

At least AFP gave us two numbers to compare. An e-mail I received on Wednesday morning from CNNMoney.com about ADP's monthly National Employment Report didn't even do that:

From time to time, I like to highlight when the media do something right, so today I thought I'd give hearty kudos to San Francisco Chronicle's C.W. Nevius for his June 4 column, "Bureaucrat scuffs dream of homeless shoe shiner."

In his page A1 story, the Chronicle columnist informs readers of the plight of a homeless man who, rather than panhandling for spare change, decided to earn his own money by shining shoes.

But it seems the enterprising man is now being punished for his responsibility and entrepreneurial spirit by city bureaucrats shoving red tape in his face:

With the federal government issuing massive amounts of debt and the Federal Reserve purchasing it in the name of keeping interest rates down, questions have arisen about impact on the U.S. dollar.

On June 2, CNBC's "Power Lunch," aired a clip of the network's chief economics reporter, Steve Liesman interviewing Secretary of the Treasury Timothy Geithner. Geithner claimed the Federal Reserve wasn't monetizing the debt the government was accruing. Following that clip, CNBC's Chicago Mercantile Exchange floor reporter Rick Santelli, famous for inspiring the anti-tax-and-spending tea parties, questioned Geithner's denial of debt monetization.

"Well, you know the first part of that question was economists are worried about quantitative easing - are we monetizing?" Santelli said. "And his answer was no, we have a strong independent central bank. Now the latter may be true but it certainly isn't an answer to the question and I put forth, and I'd like feedback everybody - that quantitative easing can't exist without the monetization process. We issue debt; we print the money to buy it. That is monetizing. I can't believe that was his answer."

(h/t The Radio Equalizer: Brian Maloney)

Roll Call is reporting that during the typical Friday afternoon document dump -- a practice used to hide actions that might prove somewhat embarrassing to the White House -- the administration quietly announced that some of the former restrictions on lobbying ballyhooed about during the late campaign have been lifted. And now, we have to wonder: will the media notice this sudden change? I mean, a whole day has gone by and so far only Roll Call has mentioned it.

In any case, let special interests ring, baby!