Economy

America suffered an economic setback in the first quarter of the year as the GDP for Obama’s economy was revised downward Thursday morning to a negative one percent, yet neither ABC’s World News nor the NBC Nightly News considered it newsworthy. Meanwhile, the CBS Evening News spun the bad news into a positive. Reporter Anthony Mason insisted “it sets the economy up for rebound this quarter…

Last month, CNN reported that the U.S. Bureau of Economic Analysis measured a decrease in the rate of growth of U.S. gross domestic product (GDP) to the tune of 0.1 percent. But relax, they insisted, it was merely due to the “winter weather effect.” Fast forward to today and the Bureau’s downward revision of GDP growth. The feds now tell us the economy contracted one percent in the first…

BELFAST, Northern Ireland -- In the 1970s, while working as a low-paid cub reporter in Houston, Texas, I always looked forward to the annual Christmas catalogs from Neiman-Marcus and Sakowitz, a local luxury department store. Both contained outrageously expensive things that only the super-rich could afford -- his and hers Thunderbirds stick in my memory. My wife and I couldn't wait to thumb…

French economist Thomas Piketty’s far-left views on wealth and income inequality are beloved ... at least by the liberal media. So it was no surprise that all three broadcast networks skipped criticism of “errors” in his work over the weekend. Some print media outlets also ignored that story. When his book “Capital in the Twenty-First Century” rose to the top of Amazon’s best-seller list the…

The Associated Press's Charles Babington went so far over the top in his Monday morning dispatch on Republicans, the Obama administration's scandals, and the fall electoral landscape that it's hard to know where to begin. The fingerprints of Obama administration operatives appear to be all over Babington's report, both in what's included and what's left out. Most notoriously, there is no…

French economist Thomas Piketty has become a darling of the left for allegedly "proving" that, as paraphrased by Chris Giles at the Financial Times, "wealth inequalities are heading back up to levels last seen before the first world war." The Media Research Center's Julia Seymour has described Piketty as a "'rock star' of the far-left," an accurate assessment given praises heaped upon his book…

On Thursday evening, former Treasury Secretary Timothy Geithner appeared on the PBS NewsHour to discuss his new memoir. Not only did the taxpayer-subsidized anchor Gwen Ifill gently press Geithner from the left on policy matters, she failed to ask him about one of his most startling admissions – that Obama administration officials wanted him to lie during appearances on the Sunday morning TV…

In July 2013, the Associated Press's Christopher Rugaber finally noticed the meteoric rise in the number of temporary help service and other non-payroll personnel working at U.S. employers — a trend which at the time was about 2-1/2 years old. Rugaber noted that "temps and to a much larger universe of freelancers, contract workers and consultants ... number nearly 17 million people who have…

Last night (at NewsBusters; at BizzyBlog), I pointed to the track record of Dean Baquet, who has ascended to the hallowed perch of executive editor at the New York Times, and observed that "someone who has clearly been a troubling and disruptive presence is now in charge." Two incidents spanning seven years support my contention. The first occurred in 2006 at the Los Angeles Times, where…

What at times is worse than the Jurassic Press not covering something?  The Jurassic Press covering something. The all-encompassing government-Internet-power-grab that is Network Neutrality rarely gets outside-the-Tech-World media attention.  But Thursday the Federal Communications Commission (FCC) voted in Democrat Party-line fashion to begin its process of imposing it.  This was a big…

Former Treasury Secretary Timothy Geithner appeared on CBS’s Face the Nation on Sunday, May 18 to promote his new memoir Stress Test, yet host Bob Schieffer barely touched on the most controversial aspect, that the Obama Administration had directed him to spin negative aspects of Obama’s policies.  Schieffer briefly asked his guest “Did the administration ever try to get you to put a more…

A search at 11:00 p.m. ET tonight at the Associated Press's national web site on "Serco," the company with a five-year, $1.25 billion contract to process paper Obamacare enrollment applications, returned no results. That's absolutely pathetic, given that St. Louis TV station KMOV, based on multiple accounts from several current and former employees and contractors, has reported that the company…

It looks like the "weather" excuse the press went to repeatedly to explain weak economic results in December, and January, and February, and March still has life in April. But this time, warm weather (which most of us would find "good," at least in April) is to blame. An early afternoon report (relevant portion saved here in graphic form) on the Dow's 200-point mid-day dip by the Associated…

According to a Government Accountability Office report released in March but inexplicably only getting attention just now, the pain resulting from last year's sequestration "cuts," which were mostly reductions in the growth of spending in comparison to the previous year, bore no resemblance to the Armageddon-like warnings which preceded their imposition. Only one federal employee was laid off.…