Economy

Young Americans, who were a key component of candidate Barack Obama's election strategy in 2008, have been having an awful time of it lately. According to two separate surveys, many young adults 18 to 29 are stuck in the awful employment market. The majority have a bachelor's degree but are not in jobs that require a college degree. Interestingly enough, the jobs which traditionally had been…

Yesterday, James Taranto at the Wall Street Journal's Best of the Web had this to say about the title of an Associated Press report ("Obama Defends Tenor of His Campaign, Slams Romney") covering President Obama's four-question "press conference" -- "The writer of this Associated Press headline is either witty or clueless." The underlying writeup by Jim Kuhnhenn and Charles Babington wasn't…

In what has become an all too predictable ritual, an AP reporter has tried to make the situation in the economy look like it's on the upswing when it's not. Today, the AP's Christopher Rugaber read the press release on existing home sales from the National Association of Realtors. As a trade group, NAR will tend to put a good (or at least not as ugly face) on even a rough situation. So it's…

An unbylined Associated Press item late this morning told us that, according to AAA, "Thirty three million people will travel 50 miles or more during Labor Day weekend," which will be "the highest level of travel for Labor Day since the start of the recession in late 2007." But it won't be, as will be revealed in the AAA-sourced graphic found at Page 3 of its 36-page report (large PDF) seen…

Although the Obama/Biden campaign has plenty of gaffes and erroneous statements to answer for from the past five-and-a-half months -- the last presidential press conference was March 6 -- Associated Press White House correspondent Jeff Kuhnhenn opted to toss a softball to President Obama today as he was selected by the president to ask the first question at the chief executive's impromptu…

CNN's Soledad O'Brien defended the stimulus bill on Monday's Starting Point, calling it a "big thing" that President Obama accomplished and adding that police officers and firefighters kept their jobs because of it. "[I]f the stimulus hadn't been passed, then what would have happened to the economy?" she threw a Democratic talking point at Rep. Mike Burgess (R-Tex.). "Didn't that to a large…

As NewsBusters reported, New York Times columnist Paul Krugman on Sunday called Newsweek's cover story "Hit the Road, Barack" unethical. Niall Ferguson, the author of the piece, responded at the Daily Beast writing, "I suggest Krugman reads a wee bit more carefully before his conscience next starts blogging":

Analysts may be correct that the presidential election won't primarily turn on entitlements reform, but by choosing Paul Ryan as his running mate, Mitt Romney can, contrary to conventional wisdom, make it a winning issue and lay the foundation for a reform mandate when he wins. Besides, the economy and entitlements are wholly integrated issues: We cannot ultimately fix the economy long term…

CNN's Soledad O'Brien just isn't comfortable with anyone criticizing Barack Obama. On Monday's Starting Point, the host seriously challenged her Tea Party guest, former Republican senatorial candidate Christine O'Donnell, when she had the nerve to say the President's policies were Marxist (video follows with transcript and commentary):

NewsBusters reported Sunday that Newsweek is out with a truly shocking edition featuring a cover story entitled "Hit the Road, Barack: Why We Need a New President." New York Times columnist Paul Krugman took to his blog Sunday excoriating the article in a piece he called "Unethical Commentary, Newsweek Edition":

If we're to believe a report by Heidi Przybyla at Bloomberg News on August 13, the country might be operating under bipartisan deficit-reduction framework instead of being without a budget for over three years if it weren't for Wisconsin Congressman and GOP vice-presidential nominee Paul Ryan. Her lead: "Representative Paul Ryan was a pivotal figure in killing the 2010 Bowles-Simpson agreement…

About a month ago, I joked in a column published elsewhere that the reason a certain New York Times column didn't resonate with anyone is because no one pays attention to the Old Gray Lady any more. Unfortunately, that's not true. But the fact that almost no other establishment press outlet has mentioned the paper's disclosure late Wednesday (appearing in Thursday's print edition) that former…

USA Today's Web site features an Associated Press report with the headline "Housing starts, jobless claims in good shape."  For the many readers who just scan headlines, that sounds encouraging.  Yet by the second paragraph the article notes "that construction of single-family homes and apartments dipped 1.1% in July compared with June. . ."  And by the third paragraph: Housing has been…

One of the persistent themes on the campaign trail for many liberals is the idea, best exemplified by President Obama's "you didn't build that" remark and also the anti-capitalist rants of Massachusetts Senate candidate Elizabeth Warren, that people who work hard for a living somehow are undeserving of their success. That attitude likely originates from the mistaken belief that cronyism,…