Economy

President Barack Obama's recent business-related comments in Virginia ("If you've got a business — you didn't build that; somebody else made that happen") sounded more communistic than capitalistic, especially because the "somebody" to whom Obama referred was in fact the U.S. government. Progressives and the mainstream media were quick to come to the aid of the president by stating that…

Republican presidential candidate Mitt Romney is being reamed by liberals in the media for a supposed gaffe in stating that Israel is much more successful economically than territories under Palestinian control because of its "culture." Rich Lowry explains how that is perfectly true in a piece at National Review Online today. The long and short of it is that Western classically liberal values…

The Associated Press's opening four-paragraph unbylined take (also saved here) on the Conference Board's July consumer confidence report comes off to yours truly as a desperate attempt to play "Happy Days Are Here Again" with selective reporting. Start with the item's headline: "US consumers more confident in the economy in July" Uh, no. Given that a value of 90 is what the AP acknowledges in…

With a fragile economy during a heated election cycle, the news media should be focused on economic data. But when it comes to the growth of the U.S. economy as measured by gross domestic product (GDP), the three broadcasts networks were silent. ABC, CBS and NBC news programs ignored the falling GDP numbers for six straight months from Jan. 28 to July 26, 2012, according to Nexis transcripts…

Last night (at NewsBusters; at BizzyBlog) I critiqued a short Associated Press item posted earlier Monday by reporter John Hanna which seemed quite alarmed at the notion that "Conservatives in Republicans are turning against moderates in their own party." Hanna expanded his report on Monday. Its apparently final version, time-stamped at 5:16 p.m. at the AP's national site, goes further into…

Gosh, I think John Hanna and the Associated Press need to do something about their use of eliminationist language and violent imagery. Look at how AP headlined Hanna's late morning report on the rise of conservatism in several midwestern and southern states at the likely expense of moderate incumbents (shown in full because of its brevity and for fair use and discussion purposes).

"There is absolutely no way Barack Obama can win reelection running on his record and the news media know this," NewsBusters publisher Brent Bozell told Fox News's Eric Bolling at the top of today's Your World with Neil Cavuto. Newsweek's current edition, featuring the headline, "The Wimp Factor: Is he [Mitt Romney] just too insecure to be president?" is just the latest example of the media's…

When you make your living in the public arena as I do and when you let your opinion be known as I do in mainstream and social media, you expect some criticism and this is as it should be, this being America where our very way of life is centered around free speech. I don't mind the criticism and usually give as good as I get, respecting all comers, regardless of how far afield or how vehement…

In his column at the Los Angeles Times today (HT to a NewsBusters tipster), Michael Hiltzik engages in predictable whining about discussions on how to bring the federal deficit under control seem "increasingly to be driven by the wealthy." In the instance he cites, one could substitute "big bank and big company CEOs," who seem to have recently decided that President Obama's Simpson Bowles debt…

For the past two weeks Barack Obama's media minions have been working overtime trying to convince the American people the President was taken out of context during his now infamous "You Didn't Build That" speech in Roanoke, Virginia. CNN's Donna Brazile and the Washington Post's Ruth Marcus tried making that pathetic claim on ABC's This Week Sunday only to receive a much-needed education from…

New York Times economic columnist Paul Krugman made a statement Sunday about the looming end of the year tax hikes and spending cuts that is likely to raise some eyebrows on both sides of the aisle. Appearing on CNN's Fareed Zakaria GPS, Krugman said, "If Obama’s reelected, I think that there’s a quite good chance that for a month or two we actually will go off the cliff" (video follows with…

You know, President Obama is such a constructive guy. Why, he's a veritable Mr. Sunshine like Chicago Cubs baseball Hall of Famer Ernie Banks. He hardly ever goes after presidential opponent Mitt Romney with harsh criticism. When he does, it's a "rare swipe." That's what Jim Kuhnhenn at the Associated Press told his readers yesterday in his coverage ("New day, old bickering on taxes between…

It's becoming increasingly clear that the Associated Press, aka the Administration's Press, believes there are two primary kinds of users of its output: those who only read headlines and those who read on or click through. It often dresses up the headlines with inaccuracies, omissions, and occasional downright falsehoods, which more often than not are respectively rendered properly, included,…

Here’s a really scary thought: New York Times columnist Paul Krugman wants to replace Ben Bernanke as the Chairman of the Federal Reserve. The perilously liberal economist actually said this in a segment of CNN’s Fareed Zakaria GPS to be aired Sunday (video follows with transcribed highlights and commentary):