Budget

A bridge in Minnesota tragically collapsed Wednesday killing an unknown number of innocent people. As reported by the Associated Press: The eight-lane Interstate 35W bridge, a major Minneapolis artery, was in the midst of repairs when the bridge buckled during the evening rush hour Wednesday. Dozens of cars plummeted more than 60 feet into the Mississippi River, some falling on top one of…

Washington Post reporter and columnist David Broder, known as the “dean” of the Washington press corps, perfectly encapsulated, on Friday's Washington Week on PBS, the media establishment's more government spending is the answer to everything attitude when he acted bewildered as to how anyone could oppose a massive expansion of a federal health insurance program. When host Gwen Ifill raised how “…

As NewsBusters has been reporting this week (see this and this), as the stock market hit new all-time highs, the media have been dour Nervous Nellies carping and whining about gas prices, the low value of the dollar, the housing slump, and the rising trade deficit. Yet, there are a variety of issues that press outlets have conveniently ignored during this record bull run that not only explain…

A new poll released Wednesday gave extraordinary evidence as to how continued negative reports from a bearish media have impacted the public’s view of the economy. As reported by Reuters (emphasis added): Two-thirds of those surveyed, 66 percent, said the direction of economic policy was fair or poor. Yet, these same folks are very optimistic about their own economic condition:

Those following the histrionics of "The Food Stamp Challenge" (previous NewsBusters posts here, here, and here; previous BizzyBlog posts here, here, and here) know that: Most of those engaging in it claim that the average Food Stamp recipient "only has $21 per person per week to buy food." The fact is that the program's monthly benefits (often referred to "Allotments"; scroll to the bottom…

Have we entered the Twilight Zone? A mainstream media outlet is going after Congress, particularly a Democrat Congress, for not living up to one of their promises?CNN correspondent Drew Griffin and a team of two staffers and six interns all 435 members of the House of Representatives a simple question - if they get obtain a copy of each representative's earmark request. Even with the Democrats'…

Our friends at Investor's Business Daily are taking a seven-part look at the media's incompetence in reporting market:Media bias has been detected in other studies, but this series raises an additional possibility – media incompetence in analyzing and explaining how the economy and financial markets work.Installments will cover how the media report on subjects like tax cuts, deficits, trade and…