CNN's Lou Dobbs Celebrates Minimum Wage Hikes, Slams Conservative Detr
Lou Dobbs must be perfecting his “Stewie Griffin" impression.
“Victory is mine,” he seemed to gloat to viewers as with smug delight CNN populist gadfly and resident protectionist applauded the passage of six minimum wage increases in states ballot booths across the country.
Before the election, Dobbs was quite active in pushing such an increase both on his show and in his book, “War on…
Networks Downplay Strong Pre-election Jobs Report
Just four days before the election, the network news shows downplayed reports of a major drop in the unemployment rate and the creation of 231,000 new jobs. CBS’s Katie Couric groused, “But do the jobs out there pay enough?” NBC’s Brian Williams declared, “That was below expectations,” and ABC’s Charles Gibson gave the issue a total of 15 seconds.That wasn’t the way the networks handled bad news…
Krugman-Herbert: Double Dose of Doom-'n-Gloom
I looked around when I heard someone crying, and there was Pollyanna bawling her eyes out. That's how depressing was the one-two punch of pessimism in Paul Krugman's and Bob Herbert's New York Times pay-to-peruse columns of today.Just in time for the elections, the pair paint a picture of America so dreary you half-expected the Google logarithm to place Prozac ads on the page. Krugman tries to…
Chris Matthews Stoops to New Low as Dow Makes an All-Time High
Those of us that study the economy and how it is reported by the drive-by media are constantly amazed by how those covering financial issues continually misrepresent statistics to advance their agenda. No finer recent example has occurred than on “The Chris Matthews Show” Sunday when the host bemoaned new highs set by the Dow Jones Industrial Average last week as not accurately reflecting what is…
Real Wages Up 2.2 Percent Since September ’05, Will Media Notice
One of the continual carps of the media concerning the current economic expansion has been that only low-paying jobs are being created that aren’t keeping up with inflation. Well, the Bureau of Labor Statistics reported Wednesday:Average weekly earnings rose by 4.0 percent, seasonally adjusted, from September 2005 to September 2006. After deflation by the CPI-W, average weekly earnings increased…
