After Weak Jobs Report, Wires Obsess Over Obama Reelection Impact

May 5th, 2012 4:41 PM
To the extent that it was there at all, there was far too little emphasis in yesterday's wire service reporting on yesterday's OMG-awful jobs report (worse than most believe, as will be shown in a later post) was far less on those who continue to be affected -- like, say, the unemployed, under-employed and discouraged, who should be the object of such news stories -- and far too much…

Chris Matthews Falsely Claims Unemployment Rate Now 'Lowest' Since 'Ob

May 4th, 2012 6:11 PM
Is MSNBC's Chris Matthews stupid, dishonest, or both? On Friday's Hardball, the host actually said of today's report from the Department of Labor, "The unemployment rate did drop to 8.1 percent, the lowest rate since President Obama took office" (video follows with transcribe highlights and commentary):

'Hiring Fizzles:' Unemployment Rate Drops as 522,000 Give Up Jobs Sear

May 4th, 2012 10:29 AM
About 45,000 fewer jobs were added in April than economists expected, and the unemployment rate dropped to 8.1 percent due to more than a half million people giving up the job search. CNN Money reacted with the headline “hiring fizzles.” University of Maryland Economist Peter Morici wrote in response the jobs report, “The economy added 115,000 jobs in April - much less than expected and not…

AP's Wiseman Points to Obama Reelection Based on Dropping Unemployment

May 3rd, 2012 12:16 PM
Well, we can all stop thinking about the presidential election, because Barack Obama's victory is assured. This morning, Paul Wiseman at the Associated Press, aka the Administration's Press, virtually celebrated analysts' predictions that the unemployment rate will drop a whole 0.3% between now and Election Day to 7.9%. But in searching desperately for a precedent, he claimed that a public…

AP: Unemployment Will Be '7.9 Percent By Election Day' Boosting 'Obama

May 3rd, 2012 8:11 AM
There's been a lot of bad economic news lately, but the folks at the Associated Press don't care. In their view - or at least in the opinion of those they surveyed - "[h]iring through the rest of 2012...will be strong enough to push the unemployment rate below 8 percent by Election Day" boosting "Obama's prospects in November":

Krugman's TV Blitz: 100% Debt OK, Paul Ryan's Budget Is 'Nonsense,' Wa

May 3rd, 2012 7:43 AM
New York Times columnist Paul Krugman is doing a television tour for his book "End This Depression Now!" Charlie Rose interviewed him twice, once on CBS This Morning Monday, then that night for the full hour of Rose's PBS talk show. Krugman appeared on Bloomberg TV Tuesday debating Ron Paul, and the friendlier confines of MSNBC's Rachel Maddow show that night. Krugman's economic recovery plan…

Occupy-Loving Washington Post Pushes Furnishings for the 1 Percent

May 2nd, 2012 2:50 PM
There's real paradox in romanticizing squalid, rat infested tents in one section of your publication while in another advising well-heeled readers where to buy a $5,000 Chippendale rug. But such is life at a liberal big-city newspaper. The Washington Post swooned over the Occupy Movement last year, devoting thousands of words and gallons of ink to covering the complaints of the self-…

PolitiFact Whiffs Again, Rates Accurate Romney Claim 'Half True

May 2nd, 2012 9:09 AM
It must be campaign season. Fact-checking gurus are rating accurate statements by the Romney campaign as "Mostly False" or "Half True" or – the best – "True but False," since they're correct but they apparently don't tell the whole story. However, when President Obama made a factually-incorrect statement last week, he did not receive a "False" rating from the website PolitiFact, but…

Bashir Falsely Claims British and Spanish Recessions Are ‘Romney-Rya

April 30th, 2012 5:31 PM
There ought to be a law against newscasters blatantly lying to the public. On Monday, MSNBC's Martin Bashir falsely claimed the economic plans put forth by Great Britain and Spain are "the Romney-Ryan budget in action...almost exactly, word for word" without informing his viewers that those countries raised taxes to fight their deficits (video follows with transcript and commentary):

Wisconsin Unemployment Falls; NBC Hypes Job Losses 'Many Blame' on Sco

April 30th, 2012 5:30 PM
Despite Wisconsin's unemployment rate being well below the national rate and steadily falling, on Saturday's NBC Nightly News correspondent Ron Allen selectively hyped job losses: "With the protesters serenading Wisconsin's Governor Scott Walker and urging voters to recall him from office June 5th, the state's job losses add to the list of grievances. The Federal Bureau of Labor Statistics says…

CBS Gives Krugman Platform to Bash Austerity, Call For More Spending

April 30th, 2012 5:11 PM
On Monday, CBS This Morning gave leftist New York Times columnist Paul Krugman a platform to promote his new book and to spout his usual prescription of massive government spending. Krugman also bashed Mitt Romney: "He's going to make Herbert Hoover look good by comparison." Anchor Gayle King boosted her guest by twice citing President Obama's praise for the author as "one of the smartest…

Google Chairman Schools Krugman: 'Surely You're Not Arguing Government

April 29th, 2012 12:51 PM
Google Chairman Eric Schmidt gave a much-needed economics lesson to New York Times columnist and Nobel laureate Paul Krugman on ABC's This Week Sunday. During a lengthy discussion about liberal and conservative views on how to stimulate the currently soft recovery, Schmidt - a known Barack Obama supporter - marvelously said to his left-leaning co-panelist, "Surely you're not arguing that the…

Fareed Zakaria Shocker: Buffett Rule Is 'Bad Politics' for Obama

April 29th, 2012 10:28 AM
A truly shocking thing happened on CNN's Fareed Zakaria GPS Sunday. The perilously liberal host - with journalistically corrupt ties to the current White House - came out against the millionaires' tax known as the Buffett Rule calling it "bad politics in the long run for Obama" (video follows with transcript and commentary):

Tavis Smiley: 'No One Who Happens to be Poor Wants What Romney Has

April 26th, 2012 9:27 AM
Although the list is long and undistinguished, PBS's Tavis Smiley said possibly one of the dumbest things he's ever said on television Wednesday. In a discussion about class warfare and the politics of envy on Fox News's Hannity show, Smiley actually said with a straight face, "No one who happens to be poor wants what Mr. Romney has" (video follows with transcript and commentary):