Economy

Are some in the media enjoying the down Dow? It certainly seemed that "Good Morning America" co-anchor Chris Cuomo was embracing a bit of schadenfreude during the Oct. 24 show - seemingly relieved he could find "some comfort" that other nations are undergoing economic problems just like the United States. As the markets were beginning a very downbeat start, reporter Bianna Golodryga detailed the…

CNBC's Maria Bartiromo on Thursday excitedly told viewers that an intra-day rally which had brought the Dow Jones Industrial Average from down about 275 to up over 170 was caused by rumors that the presidential race had tightened.I wonder if these rumors will get reported by Obama-loving press members.With about fifteen minutes to go in the trading session, the camera found a suddenly happy…

Finding a pro-deregulation stance in the media is often tough, but when if it suits some far out cause against societal norms, don't rule it out. Sunny Hostin, CNN "American Morning" legal analyst, examined the pros and cons of a San Francisco ballot measure to be voted on next month called Proposition K. The measure would decriminalize prostitution. But Hostin said there was a case, not for…

In a stunning on-air admission of his desire to re-regulate radio and infringe on free speech, Obama supporter and New Mexico Sen. Jeff Bingaman (D) argued recently that the so-called Fairness Doctrine -- which would mandate equal time for opposing viewpoints on radio programming -- would elevate talk radio to a "higher calling." Bingaman lamented that radio without the "Fairness Doctrine" has…

On October 13, The New York Times gravely informed us that the economy was causing stress for travelers. Not just the economy in general, but specifically that the "crisis on Wall Street was the No. 1 cause of anxiety" for travelers. And, they had a survey to prove it, too. Or so NYT writer Paul Burnham Finney claimed. But, on October 21 the Times was forced to issue a little correction to Finney…

Covering a "sober summit" held in Lake Worth, Florida that "focused on boosting jobs and capping the rising costs of healthcare," Miami Herald's Lesley Clark noted that Sen. Barack Obama was joined on stage by the Democratic governors of the swing states of Colorado, Michigan, New Mexico, and Ohio:''A crisis like this calls for the best ideas, the brightest minds, the most innovative solutions…

Shades of McCain from an unlikely corner . . . When at the beginning of the current financial mess John McCain declared that "the fundamentals of the economy are strong," he was roundly lambasted by the MSM, while the Obama campaign called his statement "an enormous mistake."So, should we expect the liberal media and the Obama campaign to go after Barney Frank . . . now that he has said something…

You have to give credit where credit is due. The lead editorial in the Oct. 20 Washington Post didn't declare free-market capitalism dead after the failure of several financial institutions led to massive government intervention - as a front-page story on its Oct. 10 edition declared. Instead, the editorial pointed out the how the market that failed wasn't exactly free to begin with. "The…

Writing at JustFacts.com, James Agresti has a fascinating article documenting how the media spin the economy during Democratic and Republican administrations and during election years. “With another presidential election upon us and a Republican in the White House, negatively skewed economic reporting is climaxing,” Agresti writes. After detailing how the media castigated George W. Bush for…

Someone should explain to ABC: it ain't "dirty" if it's true.  GMA got the collective vapors this morning over the robo-calls the RNC and McCain campaign are making, informing voters of Barack Obama's close association with unrepentant terrorist Bill Ayers.  In GMA's book, there's no real difference between these calls—which Cokie Roberts alluded to as "dirtier" tactics—and the calls made against…

After smearing Joe the Plumber on Friday’s CBS Early Show, co-host Harry Smith turned to a group of his own hand selected ‘average Joes’ to defend Barack Obama’s tax plan: "I'll tell you, we have assembled a panel of 'average Joes.' Joe the plumber, the most famous person in America now. Well, we have five Joes here this morning, from various walks of life, and we're going to put their incomes to…

Story after story on the full-year results for the federal budget refers to the size of the full-year deficit for the fiscal year that just ended on September 30 ($455 billion), and how it compares to last year's deficit ($162 billion). Almost none of them talk about why the deficit ballooned. I wonder why? Could it be because the Democrat-controlled Congress of Nancy Pelosi and Harry Reid…

Barack Obama speaks with Joe-the-Plumber Wurzelbacher on October 12, 2008 in Holland, Ohio. (AFP/Getty Images/Joe Raedle)  

On Friday’s CBS Early Show, correspondent Jeff Glor reported on the role of Joe the Plumber, a.k.a. Joe Wurzelbacher, in the presidential campaign: "The McCain campaign is using Wurzelbacher to say their opponent would raise taxes. Though it turns out, Wurzelbacher himself owes nearly $1,200 in back taxes and his annual tax bill would actually go down under Obama's plan." Glor then added: "Obama…