Economy

On Thursday’s "Early Show," correspondent Priya David reported on homeowners in Philadelphia trying to avoid foreclosure: "Yajaira Cruz-Rivera thought she was choosing a responsible mortgage plan. But dreams of remodeling crumbled just days after her family moved in...Yajaira fought with her loan company, saying her new mortgage was unfair and unaffordable." However, David then introduced the…

There's Ludacris, and then there's ludicrous.:"There are things you can do individually, though, to save energy," Obama said. "Making sure your tires are properly inflated - simple thing. But we could save all the oil that they're talking about getting off drilling - if everybody was just inflating their tires? And getting regular tune-ups? You'd actually save just as much!" Yes, Sen. Barack…

The broadcast networks exhibited gross mismanagement in their coverage of Fannie Mae and Freddie Mac, the government-sponsored mortgage powerhouses now in need of a $25-billion government rescue. "It's partially a bias and partially just sort of gross mismanagement on their part," Business & Media Institute Vice President Dan Gainor said on CBN's "Newswatch" July 30. "All they had to do was…

Disclaimer: Yes, Joe and Chris.  We know Jim was joking.Money maven Jim Cramer is a self-described Democrat, one who idolized Lenin back in his Harvard days [Cramer's, not Lenin's] and was on the verge of tears over the downfall of his old college buddy Eliot Spitzer.  But one Dem not high on Cramer's list is Jimmy Carter, so much so that Cramer feigned dismay to be informed that—contrary to his…

Keeping with the tone of the political campaign, the media are in full Britney Spears mode. To quote the pop tart, "Oops, they did it again." It, this time, is the economy. The mainstream media continue to be wrong about the U.S. economy. The 2nd Quarter Gross Domestic Product numbers came out Thursday morning and the economy continued to grow, this time at a stronger pace than last quarter - 1.9…

Chalk another story up to the media exaggerating a problem that's bad enough on its own. On July 30, The New York Times reported on the front page of its business section that "several national restaurant chains were shuttered on Tuesday." But only two chains were closed, and both were owned by the same company. The American Heritage Dictionary defines "several" as "being of a number more than…

Chuck Todd has some advice for John McCain: embrace Ted Stevens' demise. The NBC News political director made his suggestion in the course of kibitzing McCain campaign strategy with Joe Scarborough on today's Morning Joe.CHUCK TODD: Joe, why isn't McCain jumping on this Ted Stevens thing?  He hated Ted Stevens.JOE SCARBOROUGH: He did!TODD:  He should be dancing on this guy's political grave today…

Following a segment on Monday’s CBS "Evening News," on Tuesday’s CBS "Early Show," correspondent Chip Reid again touted Obama economic advisor Warren Buffett calling for more taxes on the rich: "Barack Obama met with his team of economic advisers Monday...But there's one who couldn't make it and had to put in his two cents by phone...Warren Buffett, the richest man in the world. Despite his…

"Good Morning America" correspondent Claire Shipman on Tuesday actually suggested that Americans "pitch in" $2000 to help pay off the deficit or even give up their lattes. Reporting on the news that the U.S. federal deficit is projected to rise to $482 billion in 2009, Shipman seriously proposed: "Now, we came up with a few GMA solutions to try to put this in perspective. If every American were…

The Associated Press injected an editorial comment into the news... again. A few days ago, the AP issued a piece headlined Senate Republicans block heating aid bill, in which the AP made it seem as if Republicans don't care about "the poor" and are only interested in mere political partisanship. This report featured quotes showing how wonderful and caring the Democrats are but not a single quote…

The media have been barking up the wrong tree for while, insisting the economy is in recession when we’ve yet to have even one quarter of negative GDP growth. But of course the mainstream media keep digging around for more reasons to say the economy has gone to the dogs. NBC’s “Nightly News” recently claimed that pets are the “silent victims of this whole economic downturn” because they…

For months, NewsBusters has been reporting media's desire to depict the economy as being significantly worse than it really is in order to assist the Democrats in taking back the White House this November.In fact, it's been rather common for press members to talk about the economy as being absolutely Hooveresque.Well, it appears the fashion industry might be aiding and abetting this deplorable…

I do believe that liberals in this country have their tin foils hats on way too tight these days. At least, it's easy to think that over the new national conspiracy theory that lefties are all balled up over lately. You see, it is being imagined in the dim, dark recesses of the left's collective consciousness that cable company Comcast is out to silence them. Apparently, Comcast has come down…

Barack Obama, the presumptive Democratic nominee, while waffling, has wanted to appear to many of his constituents as being opposed to free trade agreements, or at least wanting to renegotiate the terms of many of them. On Wednesday, the Department of Commerce issued a press release, the kind of thing you would hope business journalists get in their e-mail boxes. But I found no coverage of this…