Economy

You've got hand it to some (probably most) of the reporters at the Associated Press, aka the Administration's Press. Their story is that the economy is all right, and by gosh, they're sticking to it. Tom Raum's dispatch yesterday is a case in point. Along the way, he pulled out several of the tired spin-driven claims which have long since been taken down but which haven't yet penetrated the…

The email announcing the supposedly momentous occasion of another column by the Politico's Glenn Thrush arrived in my mailbox with the following headline and subhead: "Obama: Hey guys, I'm still here -- The president's press conference brimmed with frustration and was filled with tantalizing promise." On clickthrough, I learned that the online website's massagers-in-chief changed those items…

New York Times economics reporter Annie Lowrey's story on the front of Monday's Business section has a headline that just begs for the old joke ("World Ends: Women and Minorities Hardest Hit") on the Times's traditional knee-jerk liberalism: "Recession Worsened Wealth Gap For Races." Millions of Americans suffered a loss of wealth during the recession and the sluggish recovery that followed.…

President Barack Obama will take to the podium in the White House press briefing room at 10:30 a.m. Eastern for a press conference. The occasion: today is the 100th day of his second term in office. We at NewsBusters will be watching and I'll be live-blogging the questions from reporters. Pardon my inaccuracies as I'll be transcribing on the fly. In the comments section, leave some question…

Massachusetts Governor Deval Patrick's attempt to keep his state's agencies from releasing detailed data on the use of the public-assistance system by the Tsarnaev family, whose sons, one dead and one in custody, are accused of carrying out the Boston Marathon bombings on April 15, appeared to be successful last week. Ah, but Patrick, apparently feeling some heat, did agree "to release the…

At MarketWatch this morning, Paul Farrell's hostility towards Ronald Reagan, Margaret Thatcher, Milton Friedman and especially free-market capitalism boiled over. Farrell claims that capitalism "is destined to destroy the world, absent a historic paradigm shift." The problem he describes really has nothing to do with properly practiced free-market capitalism, but is instead a combination of…

With all the media panic about sequestration, one would think a study finding billions of dollars of fraud in a government program would be national news. Apparently not, for with few exceptions, a report published by the St. Louis Federal Reserve last week finding $3.3 billion in fraudulent unemployment claims in 2011 got almost no attention:

On Friday, the government reported that the economy grew by an annualized 2.5 percent during the first quarter. Earlier today, in Part 1 of this series, (at NewsBusters; at BizzyBlog) I showed that while most news organizations, including CNN, Bloomberg and Reuters, characterized that news as a disappointment, especially comparred to expectations of 3.0 percent or more following an awful fourth…

NewsBusters readers know that one of the problems in this country is that liberal media members use a form of math much different than any of us learned in school. Take CBS's Norah O'Donnell for example who on Sunday's Face the Nation actually said that a one percent raise is a pay cut (video follows with transcript and commentary):

On Friday, the government reported that the economy grew by an annualized 2.5 percent during the first quarter. As I noted in Part 1 (at NewsBusters; at BizzyBlog), three establishment press outlets (CNN, Bloomberg, and Reuters) pronounced the result "disappointing" -- but not Martin Crutsinger and Christopher Rugaber at the Associated Press, whose headline read "AFTER NEAR-STALL IN LATE 2012,…

On Friday, the government reported that the economy grew by an annualized 2.5 percent during the first quarter. The awful 0.4 percent result seen in the fourth quarter was largely sloughed off as caused by a number of one-time factors. Analysts convinced themselves that reported first-quarter growth would come in at 3.0 percent or slightly higher in Friday's release. Instead, we saw what Zero…

The left's media-echo chamber just got louder. On Thursday morning in a claimed exclusive, the Politico reported that "(Former presidential adviser and campaign official David) Plouffe will appear regularly on Bloomberg Television to offer analysis and commentary on political and business issues as they impact the intersection of Wall Street, Main Street and K Street and will lend his expertise…