Unemployment

Michael Powell’s New York Times story on the latest job figures made the lead slot in Saturday’s Times, with a headline portraying a revitalized Obama and a defensive G.O.P. “U.S. Posts A Gain Of 216,000 Jobs, A Lift For Obama -- Private Sector On Rise -- As Jobless Rate Falls to 8.8%, White House Warns G.O.P.” One might not think an 8.8% unemployment rate would be cause for swagger and…

Veronique de Rugy is an economist you should get to know, for she is doing fabulous work at George Mason's Mercatus Center. On Friday, she appeared on Bloomberg TV to debunk some myths about debt and deficits while publishing an accompanying must-read piece at Reason (video follows):

New York Times columnist Paul Krugman was in his predictable defend Obama at all costs mode on Sunday's "This Week." When former Bush administration official Torie Clarke said unemployment remains high because the private sector is concerned about future regulations, the Nobel Laureate scoffed, "All of this stuff about uncertainty is just a myth being made up to blame this on Obama" (video…

The media are hard at work spinning today's jobs report for maximum political advantage for the White House. Witness Los Angeles Times reporter James Oliphant, who has filed an article for publication in tomorrow's paper entitled, "Drop in unemployment doesn't mesh with Republicans' script." Here's how Oliphant opened his April 2 story:

Former Clinton Labor Secretary Robert Reich, in a column appearing at Business Insider, says that we're heading in the direction of a "double-dip" -- and though he doesn't follow it with the word "recession," it's obvious he's not talking about an ice-cream cone. It's also obvious that he's less than pleased with the media spin that things are really okay. Along the way, Reich had to go back…

It was good economic news on CNN's Newsroom this morning. After a brief mention of radiation in Japan, anchor Carol Costello reported: Brand new numbers out of the Labor Department this morning. It turns out jobless claims plummeted last week. Down 6,000 to 388,000. I'm not certain what dictionary CNN news readers use, but "plummet" wouldn't seem to be the right verb.  Merriam-Webster's…

UPDATE, April 1: Joshua Shapiro, who is "quoted" in the AP article covered in this post, has emailed me and informed me of the following --  Christopher Rugaber did not speak with him, but instead used text from "a written note that I (Shapiro) produced after the jobless claims report was released." Shapiro is unhappy at my making it appear that he is fooled by establishment press…

More New York Times' s crusading against state spending cuts in Tuesday's edition. Reporter Michael Cooper’s “Michigan, With Persistent Unemployment, Cuts Jobless Benefit by Six Weeks” raised quite a grand commotion out of a small cut in Michigan’s unemployment benefit plan: The state will now pay only 20 weeks of benefits to the jobless, instead of the standard 26 weeks (and even those come…

Within the same sentence, MSNBC's Andrea Mitchell spurned the budget repair law crafted by Republican Governor Scott Walker of Wisconsin as "drastic" and celebrated a similar plan championed by Democratic Mayor Antonia Villaraigosa of Los Angeles as "a good deal." On the March 25 edition of "Andrea Mitchell Reports," the daytime anchor praised the Democratic budget bill in Los Angeles as a "…

Former Clinton labor secretary Robert Reich wrote a truly nonsensical piece for the Huffington Post Tuesday ironically called "The Republicans' Big Lies About Jobs." MSNBC's Chris Matthews must have loved this tripe and its sophomoric title for he invited the Berkeley professor on Wednesday's "Hardball" so that the pair could put on a clinic in liberal economic fantasy (video follows with…

It really is amazing that anybody takes New York Times columnist Paul Krugman seriously. Consider the following factual misrepresentations in what he wrote Friday:

NPR's Michele Norris expressed the liberal skepticism of any tax incentive to spur job growth on Tuesday's All Things Considered during an interview of Intel CEO Paul Otellini. Otellini proposed a tax holiday for any company that built a new factory in the U.S. Norris replied, "Can this country afford that right now?" The host asked the CEO about job creation near the end of her interview.…

Chuck Todd on Sunday bashed Republican governor Mitch Daniels for his state having a 9.1 percent unemployment rate. The substitute host of NBC's "Meet the Press" must not be aware that this is lower than most of Indiana's neighbors and is basically the same as the national rate (video follows with transcript and commentary):

Horror writer Stephen King on Tuesday bashed Ronald Reagan and a number of Republicans at a Wake the State rally in Sarasota, Florida. His main beef with conservatives is they allow him to pay too little in taxes (video follows with partial transcript and commentary):