Economy

The disgraceful lengths to which writers in the establishment press will rewrite history to paper over the economy's awful performance during the past five years is perfectly illustrated in one paragraph found in an otherwise decent Associated Press "Big Story" report ("Dropouts: Discouraged Americans leave labor force") Saturday evening by Paul Wiseman and Jesse Washington, with help from…

After telling the world on Thursday that "Gone are the fears that the economy could fall into another recession," it seems that the Associated Press's Christopher Rugaber needed some help explaining away Friday's weak jobs report from the government's Bureau of Labor Statistics. The AP had four reporters on Friday evening's coverage, all seemingly in search of a viable excuse for another "…

Oops. Good Morning America on Friday preemptively announced "expected" job creation for the month of March totaling 190,000. In reality, 88,000 jobs were created. The ABC morning show was only off by 102,000 jobs. At 7:10am, about 75 minutes before the release of the actual numbers, reporter Linzie Janis insited, "The government's jobs report is out this morning. It's expected to show that 190,…

Well, we can stop worrying about the economy now. Write it down. Chris Rugaber at the Associated Press, aka the Administration's Press, tells readers today that the business cycle has been repealed. That's right. As of now, "Gone are the fears that the economy could fall into another recession." Even giving him the benefit of the doubt that he only meant to refer to the short- or intermediate…

Most Americans would agree that a federal study -- burning through hundreds of thousands of taxpayer dollars by the way -- on duck penises is not exactly a high priority when we need to get our fiscal house in order. But Patricia Brennan would disagree with you, and she took to the liberal online journal Slate to do so last Tuesday. Wait, did I mention that Brennan has a vested interest in…

Yesterday, Juliet Eilperin wrote for the Washington Post that “the public interest in climate change is waning.”  Posted to Chris Cillizza’s Fix blog, it’s odd that Eilperin didn’t use any hard numbers in this piece.  Citing Pew, she did say that support has dropped six points since last October, but what, pray tell, was the support at that time?  Ten percent? Twenty-five? Maybe she omitted…

To his credit, the Washington Post's Zachary A. Goldfarb reported yesterday that the Obama administration is possibly repeating the same policy mistakes that sank the housing market.   To get to the heart of the matter, our national housing bubble quickly inflated as a result of too many people with poor credit buying homes that they couldn’t afford.  As that number multiplied, banks created…

New York Times columnist Paul Krugman was giddy over a triumph of the liberal vision in the supposedly resurgent California economy in Monday's "Lessons From A Comeback." The state has overcome a "fanatical conservative minority" to push through "desperately needed tax increases." But is California really back? ....California has been solidly Democratic since the late 1990s. And ever since…

A question with a more obvious answer might yet be asked on national TV this morning, but someone's going to have to try very hard . . . On today's Morning Joe, during a segment on the Atlanta school-test scandal, Mike Barnicle actually wondered out loud why more top college grads take jobs with high-tech firms like Google, or in the financial-services sector, instead of teaching. Barnicle…

Sometimes liberal bias goes so far it actually becomes absurd, like Roseanne Barr saying that she would bring back the guillotine in order to behead any rich people who wanted to keep more than $100 million of their own money. She set the bar (or the guillotine) higher than her $80 million net worth. But it wasn’t just extreme left-wing celebs like Roseanne and Michael Moore, news anchors and…

The latest estimate of economic growth for the final quarter of 2012 published by Uncle Sam's Bureau of Economic Analysis on Thursday told us that the economy grew at an annualized rate of 0.4%. Not annualized, that means it actually grew by 0.1%. A $100,000-a-year business doing that "well" during a quarter would have seen its sales increase by $25 (.001 times $100,000 divided by 4).…

At the Politico, Darren Samuelsohn reports that "The public has largely tuned out the Democrats’ repeated warnings about ... (what will happen) if the sequester cuts stay in place." He also notes in a separate report that Republicans "Republicans are winning the sequester wars," and that "even the White House admits there’s little chance of reversing all the cuts." Of course, what's in…

Mark Shields on PBS's Inside Washington Friday made a comment that perfectly defines how liberal media elites view the financial success of anyone other than themselves and their ilk. Misquoting the late English author G.K. Chesterton, Shields said, “Wherever they are, the rich are the scum of the earth" (video follows with transcript and commentary):