Budget

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…

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…

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,…

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…

On Tuesday's CBS This Morning, Erica Hill played up the "overwhelming majority" that apparently support raising taxes on the rich, and urged Rep. Paul Ryan to consider supporting such a tax hike: "68% of people support raising...taxes on incomes of $250,000 and higher. Is that something that you could, perhaps, at least have a conversation about?" [audio available here; video below the jump…

The more one listens to Newsweek’s Andrew Sullivan, the more one has to conclude that he either knows absolutely nothing about the economy or he’s lying through his teeth. Appearing on CNN’s Anderson Cooper 360 Wednesday evening, Sullivan actually said tax “revenues currently are at 50 year lows” (video follows with transcribed highlights and commentary):

As NewsBusters reported Sunday, Newsweek's most recent cover astonishingly asked, "Why Are Obama's Critics So Dumb?" This critic of the President analyzed the contents of so-called conservative Andrew Sullivan's piece and has come to the conclusion that it is he and the unashamedly liberal magazine he writes for that are lacking in intellectual capacity and/or integrity. All one needs is…

The lack of current events knowledge demonstrated by today's anchors and political commentators is often breathtaking. On Sunday's Meet the Press, host David Gregory actually told Senate Majority Leader Harry Reid (D-Nev.), "Democrats haven't put together a budget in a year." Actually, it's been almost three years (video follows with transcript and commentary):

I see that the Associated Press's Derek Kravitz is picking up where his colleague Martin Crutsinger left off in offering up incomplete information and inconvenient truth-avoiding coverage of Uncle Sam's financial results as described in the Monthly Treasury Statement. December's statement, which was released yesterday, showed a deficit of $86 billion and a year-to-date shortfall of $322 billion…

Even with recent "improvements" which are still weak when compared to other post-World War II recoveries and which, as shown yesterday (at NewsBusters; at BizzyBlog), are less substantive than December's two major reported numbers (unemployment rate of 8.5% and seasonally adjusted job additions of 200,000) would indicate, it seems fairly likely that the nation's unemployment rate will be higher…

In 1984, an Associated Press writer covering the Democratic primaries wrote that "In a presidential contest dominated by concerns over the economy, inflation, and unemployment, the Democratic candidates have been loath to acknowledge the extent to which Carter administration policies contributed to those problems. Democrats have also controlled Congress for most of the past three decades, which…

Saturday's NBC Nightly News hyped a poll finding that 64 percent of Californians would be willing to pay more taxes "if the money went to public schools." (Video below) Substitute anchor Kate Snow included a plug for the report in the opening teaser: "Tax hike. Why people in one state are saying 'Bring it on.' Tonight, why they're willing to pay more."

On December 31, 2003, looking ahead to the upcoming 2004 election year, an Associated Press reporter -- I think it would have been Jennifer Loven at the time -- wrote about how George W. Bush was going to spend as much of the next 10-plus months as possible figuring that "he no longer needs Congress to promote his agenda." Therfore, he would use "aggressive campaign fundraising and use…