Economy

During MSNBC's August 29 GOP Convention coverage, Ed Schultz and Al Sharpton made patently false remarks during their post-speech commentary of Rep. Paul Ryan. Congressman Ryan was slammed concerning statements he made about the closure of the Janesville General Motors plant.  Rep. Ryan reiterated that President Barack Obama promised to keep the plant open, but then shut it down.  The left-…

Today, per Nasdaq.com, the Dow Jones Industrial Average rose by 4.49 points to 13107.48, the S&P 500 went up 1.19 points to 1410.49, and the NASDAQ gained 4.05 points to close at 3081.19.  The average of the three gains is less than 0.1%. That didn't stop the disseminators of CNN Money's email at the close of business from interpreting the result as being due to "signs of stronger U.S.…

While all eyes were on the Republican National Convention in Tampa and Hurricane Isaac on the Gulf Coast, the White House was quietly jacking up the price of automobiles and putting future drivers at risk. Yes, the same cast of fable-tellers who falsely accused GOP presidential nominee Mitt Romney of murdering a steelworker's cancer-stricken wife is now directly imposing a draconian…

I love it when Ed Schultz lapses into candor. Here he is introducing former Obama press flack and campaign advisor Robert Gibbs on his radio show yesterday in a way that seemed to catch Gibbs off guard, but understandably so when you hear what Schultz said (audio) --

On August 27, PolitiFact, the once promising but now largely co-opted "fact check" site run by the Tampa Bay Times, finally got around to evaluating Obama campaign spokesperson Stephanie Cutter's August 22 lie that "over the past, you know, 27 months we've created ... more jobs than in the Bush recovery, in the Reagan recovery." Apparently, the evaluators lost their matches as they only gave…

The Associated Press's Anne D'Innocenzio is clearly mystified and possibly even upset that consumer confidence as reported by the Conference Board on Wednesday fell sharply to its lowest level since November of last year. Get a load of the second paragraph's first sentence in the version D'Innocenzio posted late yesterday morning shortly after the report's release, followed by asinine…

Just like his counterparts at MSNBC on Tuesday night, Fox News Channel political analyst Juan Williams thought it fit to continue forwarding the left's main attack on Ann Romney - that she just can't relate the average American woman. Minutes after Mrs. Romney's RNC speech, Williams bluntly remarked that she "looked to me like a corporate wife...[T]he stories she told about struggles – ah, it's…

MSNBC 's immediate reaction to Ann Romney's Tuesday night speech at the Republican National Convention was to stick by the left-wing talking point that she can't relate to ordinary Americans, especially women. Lawrence O'Donnell seconded Rachel Maddow's claim that Mrs. Romney "has not had most women's economic experiences," and went further: "She began her speech...by talking about women's…

On Thursday, Sentier Research released a study showing that household income has actually declined at a worse rate in the sluggish economic recovery than it did during the December 2007-June 2009 recession. "From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964," Washington Post's Michael Fletcher noted in Friday's paper, although his article was…

Sam Youngman at Reuters, and several others have attempted to pounce on a comment about "big business" GOP presidential candidate Mitt Romney made at a Minnesota fundraiser on Thursday as some kind of equivalent to President Obama's out-of-touch assertion that "the private sector is doing fine" back in June. In fact, what Romney actually said in large part explains why the private sector isn'…

Obama campaign spokesperson Stepanie Cutter, appearing on MSNBC earlier this week, claimed that "over the past, you know, 27 months we've created 4.5 million private-sector jobs. That's more jobs than in the Bush recovery (or) in the Reagan recovery." A Thursday Investor's Business Daily editorial plaintively asked: "Where are those allegedly unbiased fact-checkers when you need them?" As…

On Friday, CBS News White House correspondent Mark Knoller reported on Twitter that Mitt Romney's campaign was "slamming [the] Obama Admin citing reports of sale of Solyndra headquarters for fire sale price of $90-million," and how "US taxpayers lost $500-million underwriting Solyndra loans." Even with this and other developments in the past month, CBS hasn't covered Solyndra since June 1, 2012…

Scott Horsley's report on Wednesday's All Things Considered could have mistaken for a three-and-half minute ad from a pro-Obama super PAC. Horsley played up how "Mr. Obama often tempers his speeches with a dose of modesty about what government can and can't do" and how the President "pushes back strongly against the anti-government rhetoric of his GOP opponents." The NPR correspondent also…

In his coverage of the Department of Labor's Unemployment Insurance Weekly Claims Report at the Associated Press this morning, economics writer Christopher Rugaber stubbornly referenced a supposedly predictive benchmark the wire service has been using which has consistently failed in recent months. Rugaber also claimed that today's seasonally adjusted increase from the previous week, which…