Economy

You're a member of the MSM and a Barack Obama backer. But I repeat myself. More specifically, you're Chris Matthews. What better way to promote your guy's candidacy than to claim that Republicans would really rather run against Hillary? That's just what the Hardball host did on this afternoon's show. Here's his exchange with the–in my opinion–very impressive Republican strategist Todd Harris,…

It was just a matter of time I suppose. What with Sen. Barack Obama's popularity with college students and the economy being the number one issue for voters, the media finally have an excuse to put a more youthful spin on the classic food vs. prescription drugs meme. A changing media environment, after all, calls for new angles at the same old bias. Someone had to give it the old college try.…

In case you hadn't heard, the world is running scared about the world running out of rice.As a result, here in America, various food retailers have actually begun rationing the amount of the white stuff consumers are allowed to buy.Deliciously -- pun definitely intended -- the CEO of the nation's leading warehouse club, Costco's James Sinegal, blamed a lot of the problem on the media.As…

And here we go again. I'm all for catchy headlines, but CNN has to be a bit more responsible with its choices when reporting on gasoline prices."Gas prices climbing with no end in sight," reads a hyperbolic April 22 CNN.com headline. "No end in sight" might make for great left-wing populist rhetoric, but it's hardly balanced economic reporting.Indeed, the only thing to justify the "no end"…

Tuesday's "Good Morning America" went into hyperbole meltdown over high gas prices. According to various anchors and reporters, Americans are foregoing church, prescription drugs and breakfast in order to cope. In a tease at the show's open, Co-host Diane Sawyer fretted, "As gas prices balloon, 12 cents in just one week, some Americans tell you how they skip breakfast and drugs just to drive."…

Oklahoma's unemployment rate, which was a seasonally adjusted 4.3% and 4.4%, respectively, in September and October 2007 (4.1% and 4.2% unadjusted), has fallen to a seasonally adjusted 3.1% in both February and March of this year (3.5% and 3.2% unadjusted). The unemployment rate in most states has gone up from September 2007 to March 2008. In states where the rate has gone down, none has shown…

"What is mysterious, what is mysterious about the phrase 'variable rate'?"—George Will, This Week, March 30, 2008Mystery is in the eyes of the borrower–and the MSM. The term "variable rate" in a mortgage might seem straightforward enough to George Will and our erudite NB readers, but to a college-educated homeowner–and ABC's Kate Snow–it's apparently a real brain twister.Snow hosted a segment on…

For months, NewsBusters has been warning readers of the likelihood that media will adopt the 1992 Clinton playbook of regularly depicting the economy as being far worse than it really is.On Sunday, the Democratic National Committee released a new television advertisement attacking GOP presidential candidate John McCain with economic statistics that don't measure up to even the slightest scrutiny…

Today, talk-show heavyweight Rush Limbaugh picked up on a curious oversight by an AP business reporter whose negative spin in supposedly objective stories on the economy has frequently been noted here. In a Friday story about a survey of top financial company executives, the Associated Press's Martin Crutsinger wrote the following (bold is mine): Turmoil in credit and housing markets will be…

Network journalists have yet to meet a spending hike or regulation that they considered unwise, but any tax cut is always ill-advised and helps “the wealthy.” Living up to the pattern -- and illustrating how John McCain will earn media scorn for any conservative policy proposal -- NBC Nightly News anchor Brian Williams set up a Tuesday story on McCain's economic plan by emphasizing how “some…

Do we all get free wooden shoes? Barack Obama didn't say. But he does have an Impossible Dream to cut poverty that would make Don Quixote proud. Put people to work . . . building windmills. His idea came in response to a question at last night's Compassion Forum on CNN from Jim Wallis, a leading member of the religious left whose focus is "social justice." Wallis wanted Obama to commit to a…

Barack Obama has been airing a shamelessly anti-business TV ad in Pennsylvania for a while now. In the ad Obama himself, in his own voice, makes the claim that he doesn't "take money from oil companies." But there is a two-fold deception in this claim that Obama doesn't tell his sycophantic fans. So where is the media to pounce on these cynical deceptions? They’re nowhere to be seen. Recently I…

Just in time for Tax Day, the April 13 issue of Parade magazine gave readers left-wing talking points on corporate taxation dressed up as objective reporting.Contributor Gary Weiss cited two left-wing interest groups and liberal Democratic congressman Richard Neal (D-Mass.) in "Are You Paying For Corporate Fat Cats?" By the end of the article, readers are all but left to seethe an angry "yes!" to…