Recession

UPDATE, 4 p.m.: NB gets results? The Lowe's story is currently #10 on the AP's Business home page (saved here). It's a good thing I heard this on the radio at about 11:00 a.m., because I might otherwise have missed it. With yours truly's opinion along for the ride, I'll let readers judge whether the news of the Lowe's home improvement chain announcing that it will close 20 stores and cut its…

On Friday's Inside Washington on PBS, regular panel member Nina Totenberg of NPR incorrectly claimed that the "top tenth of one percent" of income earners in America "controls something like 20 or 30 percent" of the nation's income, and went on to characterize the economic situation as being worse than it has been in "hundreds of years," as she suggested income gaps were at a level that "people…

Just how far are the media willing to go to get Barack Obama reelected? As conservative author Ann Coulter told Fox News's Sean Hannity Friday evening, "He will have the entire mainstream media bucking for him and they will lie about the economy. 'Oh, it's a turnaround, don't stop him now'" (video follows with transcript and commentary):

NewsBusters on Wednesday shared a list of the top ten richest celebrities that have so far expressed their support for the Occupy Wall Street movement. Currently in ninth place is actor Tim Robbins who recently told protesters, "You can't rip people off that long and expect to get away with it," (video follows with transcript and commentary):

Former House Speaker Newt Gingrich during Tuesday's Republican presidential debate once again went after one of his favorite targets - the media. In response to a question about the Occupy Wall Street protests, Gingrich said, "Everybody in the media who wants to go after the business community ought to start by going after the politicians who have been at the heart of the sickness which is…

Yesterday, in a different post about long-term unemployment, I wrote: "Of all the reality-denying aspects of Obama administration press coverage, the usually implicit but occasionally explicit assertion that he and his people are just helpless bystanders in an economic calamiity is easily among the most annoying." Bloomberg's Mike Dorning triggered the annoyance meter today with an "analysis…

Many right-thinking Americans have been wondering when Obama-loving news outlets would notice that even Democrats don't support the president's new jobs bill. On Monday, the truth came from a surprising source - the Associated Press:

As shown in Part 1, this afternoon's report on long-term unemployment at the Associated Press by Sam Hananel attempted to create the impression but provided no actual evidence for the notion that complaints by many who have been unemployed for an extended time period that many employers are reluctant to consider and sometimes even refuse to consider their employment inquiries and applications…

Barack Obama took a lot of heat last week for saying America has "gotten a little soft." Not from Fareed Zakaria who when not advising the president on foreign policy acts as one of his propaganda czars every Sunday on CNN (video follows with transcript and commentary):

A number of Democratic members of Congress came out Wednesday throwing their support behind the protest known as Occupy Wall Street. Fox News's Neil Cavuto interviewed one of them on Your World marvelously asking Rep. Dennis Kucinich (D-Oh.), "So why didn’t you celebrate when Tea Partiers were running around the country and protesting all the spending and protesting the budget and the debt…

Touting Sesame Street's newest muppet character, a young girl living in poverty, MSNBC host Martin Bashir on Wednesday slammed Republican efforts to curb spending and urged: "...perhaps they do well to change the channel just for a moment from Fox News to PBS.... on Sesame Street they will see the sad face of a hungry doll whose family doesn't have enough money to buy food." [Audio available…

As young, foolish, unemployed Americans Occupy Wall Street, liberals in the media have predictably cheered the protests. Some, like schlockumentarian Michael Moore, participated in the goings on, telling the crowd last week that the folks inside the buildings surrounding them were solely responsible for the nation’s economic woes (video follows with transcript and extensive commentary):

What if I told you that the government put out a report today which would lead one to infer that the economy might barely have grown last year, and that it even may have contracted -- and that the reporter who appears to have been the only one who covered it didn't grasp its potential significance (or, conceivably, chose to ignore it)? Today the Department of Labor's Bureau of Labor…

It's probably not much of a stretch to believe that Barack Obama and his speechwriters frequently peruse the New York Times in print or online. Their likely affinity for the Times may explain why the President referred to the "intercontinental railroad" in his speech yesterday in Cincinnati near the Brent Spence Bridge: