Stimulus
AP Is Stunned at Japan's Recession Despite 'Unprecedented Stimulus'
November 25th, 2014 7:10 PM
After reading Elaine Kurtenbach's coverage of how Japan's latest dive into yet another recession is affecting young people there, I can only say, "The Keynesian koolaid is strong in this one." The AP reporter's headline says that the recession was "unexpected," and her first sentence calls it "a surprise." Anyone watching economic events in the country, and I think that's supposed to include…
No, AP: Monthly Deficit Is Not the Same As What Government Borrowed
November 21st, 2014 6:04 PM
Old habits die hard at the Associated Press, aka the Administration's Press — especially when those old habits help Dear Leader's regime look better, or less awful, than it deserves.
It's been eight days, but it's still worth a look. On November 13, the government released its Monthly Treasury Statement for October, showing that Uncle Sam ran a $122 billion deficit. In his coverage of that…
Keynesian Fail: Japan 'Unexpectedly' Falls Into Another Recession
November 18th, 2014 11:41 PM
There were several more of those infamous "U-word" ("unexpectedly") sightings yesterday in the business press, as Japan — to the surprise of no one who has successfully avoided the Keynesian koolaid — reported that its economy shrank for the second quarter in a row, officially falling into yet another recession. The U-word hit the trifecta, appearing in reports at the Associated Press,…
AP Wants Readers to Believe Fed's Easing 'Is Over'
October 30th, 2014 11:51 PM
An unbylined "Q&A" column at the Associated Press yesterday began with the following false declaration: "The $4 trillion experiment is over." That just isn't so.
Maybe the Federal Reserve is done building up its debt holdings — that is by no means certain — but the "experiment" known as "quantitative easing," or "QE," won't be over until the Fed fully unwinds those balances. In the meantime…
Video
WaPo's Chuck Lane Mocks Hillary: ‘NBC Created A Job For Chelsea'
October 28th, 2014 12:13 PM
Last week, former Secretary of State Hillary Clinton spoke at a campaign rally for Democrat Martha Coakley and told her liberal audience “don’t let anybody tell you it’s corporations and businesses that create jobs.” On Monday night, the entire panel on Fox News’ Special Report w/ Bret Baier eagerly mocked Ms. Clinton's comments with Chuck Lane of the Washington Post joking that he “thought NBC…
AP's Andrew Taylor: Obama 'Inherited a $1 Trillion-Plus Deficit'
October 8th, 2014 2:44 PM
In a sign that the historical revisionists and Barack Obama legacy builders at the Associated Press, aka the Administration's Press, may have shifted their operation into high gear for the final weeks of the midterm election campaign, Andrew Taylor has written that "Obama inherited a trillion-dollar-plus deficit after the 2008 financial crisis."
The occasion for Taylor's tripe is the…
AP: 'Job Market Has Improved by Pretty Much Every Gauge Except Pay'
September 8th, 2014 10:21 PM
The Obama administration-prepared koolaid delivered to the Associated Press's economics writers on Monday must have been extraordinarily concentrated.
How else can you explain how the AP's Christopher Rugaber could have written the following — "The U.S. job market has steadily improved by pretty much every gauge except ... Pay" — without doubling over with laughter? No, Chris. The reason pay…
AP's Matthew Brown Gives 600-Word Story to 'About Ten Demonstrators' a
August 23rd, 2014 10:38 AM
The Associated Press's Top Business News page lists the headlines and opening passages of what the wire service believes are the ten most important business stories at the moment. Its 9:16 a.m. version had a story entitled "JACKSON HOLE DEMONSTRATORS RALLY AGAINST RATE HIKE" listed fifth. Earlier in the morning it was fourth.
Surely, I thought to myself, this must be about a group of at least…
The New York Times Has Zero Idea How the Internet Works - Or Is Lying
August 18th, 2014 8:52 AM
It takes a special man to cram so much wrong into a mere 342 words. Or an Old Grey Lady.
The New York Times’ utterly ridiculous Editorial Board recently as one addressed Title II Internet regulatory Reclassification and Network Neutrality - and they did so in utterly ridiculous fashion.
They either have absolutely no idea what any of this is - or they are lying through their printing…
Fever-Swamp Left Celebrates How CNBC's Steve Liesman 'Embarrassed' Ric
July 16th, 2014 1:39 AM
Paul Krugman at the New York Times and other fever-swamp leftists who, incredibly, are operating under the assumption that the economy has experienced an acceptable if uneven "recovery" during the five years since the recession ended are celebrating what they believe was an epic live "embarrassment" of Rick Santelli at the hands of Steve Liesman at CNBC on Monday.
A Google search shows that…
AP's Taylor Swallows Administration's Absurd 2014 Full-Year Growth Est
July 12th, 2014 7:45 PM
At the Associated Press on Friday afternoon, Andrew Taylor, who it should be noted covers Congress and is not routinely on the economics or business beat, relayed an Obama administration prediction that economic growth in 2014 will come in at 2.6 percent.
Taylor noted that this estimate, lowered from 3.3 percent, came about because of "the unexpected 2.9 percent drop in gross domestic product…
Donna Brazile Approvingly Tweets Links to NB Post Ripping AP's Coverag
July 7th, 2014 11:57 AM
Donna Brazile apparently liked yours truly's NewsBusters post yesterday. That post ripped the Associated Press's Pollyanna-like coverage of the U.S. economy, and carried the following headline which may have caused several spilled drinks and soaked monitors among the genuinely informed — "AP: ‘Humming’ and ‘Rising’ U.S. Economy Is a ‘World-Beater.'"
About five hours after the post's…
Press Won't Connect End of Jobless Benefits With Faster Job Growth; Kr
July 6th, 2014 9:45 PM
Fox News contributor and syndicated columnist Charles Krauthammer made a very interesting and logical correlation Friday. The press has predictably failed to make the connection or even to relay Krauthammer's point, simply because it leads to the default assumption that conservatives were right on an important economic issue.
To be clear, the point Krauthammer and National Review Online's…
AP: ‘Humming’ and ‘Rising’ U.S. Economy Is a ‘World-Beater
July 6th, 2014 5:10 PM
In the latest White House press release disguised as analysis at the Associated Press, aka the Administration's Press, AP stenographer Paul Wiseman sang the praises of this nation's "humming" job market and its "steadily rising" growth as the economy is "finally showing the vigor that Americans have long awaited." Wow.
Of course, the White House — er, Wiseman — never mentioned the following (…
