Economy

Buckeye State residents are supposed to be impressed with media reports like this one from WXIX in Cincinnati telling us that passenger rail ridership increased 14% last year to almost 147,000. That's just over 400 people a day. In the whole state. Spread over seven station stops in multiple cities. You've got to be kidding me. Context, people.

On Thursday's Newsroom, CNN's Fareed Zakaria endorsed a predictably liberal solution to get the American economy moving again: enact more taxes and implement new government programs. Zakaria called for a national sales tax and advocated new government spending on "research and technology" and "upgrading the infrastructure." The CNN host also labeled tax cuts "bad stuff." Anchor Ali Velshi…

Spinning the Numbers When Conservatives in Charge: During the year leading up to the 2005-06 mid-term elections, the economy was strong and unemployment never went above 5 percent. That wasn’t how the media reported it. Negative reports and stories spun negatively accounted for 58 percent of the stories (38 out of 65). Spinning the Numbers When Left in Charge: Despite the near 10 percent…

There is an axiom that is adhered to by conservative journalists that explains at least some of what for liberals is this inexplicable election. It is the Taranto Principle. Coined by the inimitable James Taranto of The Wall Street Journal, the Taranto Principle encourages the worst in liberals by reporting politics with a slavish bias. The conservatives can do nothing right. The liberals can…

Someone should tell CNN anchor Ali Velshi that attacking the U.S. Chamber of Commerce for its political activities is so last week. During the “XYZ” segment of the hour he anchors of “CNN Newsroom” on Oct. 25, Velshi did his best impersonation of an MSNBC anchor and railed against the U.S. Chamber of Commerce for its political activities. Velshi lamented the barrage of negative advertising in…

In a segment shortly after 3 p.m. EDT today looking at how much President Obama has aged in the two years since winning the presidential election, MSNBC's Thomas Roberts and guest Douglas Brinkley concluded that the commander-in-chief needs to take it easy more often.  The MSNBC host and the liberal presidential historian also blamed the amount of stress President Obama faces in office on…

Back in March, in the runup to the final ObamaCare vote in the House, the establishment press was thrilled when the Congressional Budget Office issued a report estimating that ObamaCare would, in the CBO's words, "produce a net reduction in federal deficits of $138 billion over the 2010–2019 period as result of changes in direct spending and revenue." At the time, NB's Brent Baker noted how…

When a Democrat or leftist makes an ill-advised remark, it seems that there's a three-stage process at the Associated Press, and perhaps in most other establishment press outlets, for handling it. It goes roughly like this: Stage 1 - Ignore it as long as you can. If there isn't much outcry, keep ignoring it. Stage 2 - If there ends up being enough of an outcry from conservatives or…

With less than two weeks before Election Day, the media elite continue to disparage the GOP’s Tea Party candidates while saluting the greatness of the über-unpopular Democratic Congress and its leader, Nancy Pelosi. On This Week, ABC’s Christiane Amanpour — apparently oblivious to the decades of liberal mockery hurled at Ronald Reagan and William Buckley — cited those leaders as exemplifying…

Senate Majority Leader Harry Reid on Thursday's "Ed Show" actually said he prevented a worldwide depression. When he did, the host of the program didn't even bat an eye (video follows with transcript and commentary, h/t Hot Air):

On Wednesday's CBS Evening News, anchor Katie Couric described British efforts to curb government spending: "Britain's new conservative government outlined the sharpest cuts in public spending in six decades....to see if that kind of severe belt-tightening can cure an ailing economy." Correspondent Mark Phillips warned of the fiscally conservative approach: "It's a high-stakes roll of the…

The largest tax hikes in history are imminent and it is still unclear whether Congress and President Obama will come to an agreement before January 1. The networks should have seen those tax hikes coming a mile away, but the Business & Media Institute found the primary theme of their tax cut stories was Obama as  the hero, cutting taxes for the middle-class, not as a tax increaser. This…

In a report so riddled with errors, inconsistencies, incompleteness and sloppiness that it's really hard to know where to begin, Associated Press real estate writer Alan Zibel couldn't even keep his housing recovery benchmark remotely consistent with what it was only a month ago. The Census Bureau's September release of information about August housing starts and building permits informed the…

The Democrats'  "localized approach to the midterms is understandable, defensible—and wrong. The best way to keep control would have been a national message targeted at independents," Newsweek's Jonathan Alter complained yesterday in an article at the magazine's website. And what exactly should the Democrats have touted in a national campaign strategy for the midterms? Why, shovel-ready…