Unemployment

Ed Frank created an interesting little video that serves as a stark reminder of how harsh the Old Media was on Bush's "faltering" economy in comparison to today's hearts and flowers style of reporting during the age of Obama, even though the stats are far, far worse under Obama than they ever were under Bush. Frank's video is shocking for its revelation of how Bush was slapped around and how…

There is happy-talk and then there is delusion. The Associated Press has just approached the delusional stage with its recent assessment of what the unemployment numbers mean. Absurdly, the AP seems to imagine that the continued job losses under Obama means that job hunters are experiencing "raising hopes"! It's like sitting on the Titanic pleased that taking on water raises hopes that a nice,…

It doesn't seem like it would be too much to ask CNNMoney's headline e-mailers to read past the first sentence of a government announcement. But, maybe it is. Here are the first two sentences of the Employment Situation Report from Uncle Sam's Bureau of Labor Statistics released this morning: Nonfarm payroll employment fell by 345,000 in May, about half the average monthly decline for the prior 6…

Today's Employment Situation Report from Uncle Sam (link will be updated for May results at 8:30 a.m.) will almost certainly report hundreds of thousands of seasonally adjusted jobs lost. According to this AFP report, "Most analysts expect employers to have cut 520,000 jobs, down from 539,000 in April. But the unemployment rate is still expected to have jumped to 9.2 percent, its highest since…

The national unemployment rate is 8.9 percent and even higher in places like Cambridge, Md. So you might find it strange to see NBC advocating an expansion of legal migrant labor when so many Americans are struggling. Nonetheless, former "NBC Nightly News" anchor Tom Brokaw did just that in the first part of a new series called "American Character." The former anchor will travel U.S. Highway 50…

The media have lamented use of the word fascism when it has been used to describe moves by the Bush and Obama administrations and the private sector economy.  But when examined from a purely political and economic point-of-view, that is what's going on now according to Thomas Sowell, Stanford University's Hoover Institute Senior Fellow and author of "The Housing Boom and Bust." Sowell appeared…

On May 15, I posted (at NewsBusters; at BizzyBlog) on the Obama administration's and government-run Chrysler's blatant deception concerning whether plants would be closed as a result of the company's bankruptcy filing. Specifically, on April 29 and 30, Obama, the administration and Chrysler told senators, congressmen, state and local politicians, and local and regional union leaders that the…

Here's a CNN e-mail alert I just received a couple of hours ago: So how did the Associated Press's Jeannine Aversa report the above raw news? As you would expect an Obama apparatchik to do it (reproduced in full as it existed at 3:15 p.m.; bold after title is mine): Fed sees hopeful signs but downgrades '09 forecast WASHINGTON (AP) — The Federal Reserve expects the economy to improve in coming…

You know the era of big government is alive and well when you see a mainstream news outlet praise the growth of the public sector as a "bright spot." Leading up to and throughout the 2008 national election cycle, CBS News was generally downbeat on the economy, even when times were much better than they are currently. However, now that government has taken a much larger role in the private…

Imagine if in December George W. Bush and his administration had: Decided to issue the initial bailout billions to General Motors but not Chrysler, thereby forcing Chrysler into bankruptcy.Had his advisers get on the phone with elected officials in towns and states where Chrysler has plants and told them that the bankruptcy was about to happen.Said that the Chrysler bankruptcy "will not disrupt…

It is disappointing, but not at all surprising, that the Democratic Party affiliation of the politicians involved in the union-driven campaign to force Wells Fargo Bank not to liquidate the Chicago-area operations of Hartmarx, the high-end clothier which has made suits for President Obama, has not been noted in the vast majority of stories I have reviewed about ongoing developments there. The two…

When NewsBusters reported earlier today that media members were depicting April's 539,000 jobs loss as "good news," I never imagined anyone would characterize the data as "employment doing well."Yet, that's how Politico's "44" blog -- "A Living Diary of the Obama Presidency" -- first teased Friday's Labor Department announcement at its front page.Here's a screen-cap of the first picture taken…