AP's Crutsinger: 3rd Qtr. Was 'Subpar,' But Future 'Outlook Brightens'

October 28th, 2015 8:31 PM
Preparing the battlespace for tomorrow's report from the government on third-quarter Gross Domestic Product growth, the Associated Press's Martin Crutsinger early this afternoon told readers that we're likely to see "a subpar pace by any standard." But we shouldn't worry, because the AP reporter contends that tomorrow's news will just be a temporary trough in this year's "dizzying roller coaster…

AP Story on Awful Durable Goods Report Goes Quickly Into Hiding

October 27th, 2015 3:08 PM
If you're a few hours late catching up on reports on economic data at the Associated Press, one of the best ways to determine whether the news was good or disappointing is to see whether the story's headline and opening blurb are still present about four hours later among the wire service's "Top (usually 10) Business News" items. The good-news items will usually still be there; the disappointing…

AP Fails to Investigate How Jobless Claims Stay Low With Slow Hiring

October 22nd, 2015 4:13 PM
If a Republican or conservative was in the White House, the Associated Press's Martin Crutsinger would have found a reason to be unimpressed in his dispatch today about how low initial unemployment claims continue to be, even as hiring has been slowing down. (Ideally, reporters should just relay the facts and leave the theorizing out of their stories, but that ship has sadly long since sailed.)…

Not News: 10-Month Streak of Year-Over-Year Factory Activity Declines

October 2nd, 2015 11:59 PM
Although it was very disappointing, the September Employment Situation Summary, which told us that the economy added only 142,000 seasonally adjusted jobs as hundreds of thousands of Americans withdrew from the labor force, was not the worst economy-related news of the day. That dubious honor belongs to the Census Bureau's Factory Orders report. At least the employment report showed more people…

Business Wires: US Weakness Didn't Influence Fed's No-Change Decision

September 19th, 2015 10:02 AM
The business press is trying to convince readers, listeners, and viewers that Janet Yellen's Federal Reserve kept interest rates at zero not because of U.S. economic conditions, which supposedly "look good" with "steady economic growth." No-no. She stayed the course because of the troubled tglobal economy. Thursday evening, Reuters wrote that the Fed failed to move "in a bow to worries about the…

AP Thinks Lowest Deficit in 8 Years Is News, But Not Record Spending

September 12th, 2015 7:42 PM
Friday's report on the federal government's budget deficit through August told us that with one month remaining in the fiscal year, Uncle Sam will certainly "achieve" an all-time single-year record in tax collections accompanied by all-time record spending. The Associated Press's Martin Crutsinger apparently didn't consider either item newsworthy. Instead, he decided that the real news is this…

AP Coverage of Manufacturing Continues to Ignore Its Steep Decline

September 3rd, 2015 11:54 PM
The press's failure to tell the public how seriously the U.S. economy is struggling is not the most egregious exercise in reality avoidance we've seen during the past several months. The willful denial of Iran's intent to destroy Israel and its Western enemies, the refusal to acknowledge the inherent institutional ugliness of Planned Parenthood, and the failure to accurately characterize Hillary…

AP Predictably Ignores All-Time One-Month Govt. Spending Record

August 12th, 2015 9:44 PM
Records are made to be broken, but apparently government spending records are not meant to be reported. The Monthly Treasury Statement released today showed that the federal government spent a mind-boggling $374.86 billion in July. That's an all-time single-month record, surpassing the previous high of $369.39 billion "achieved" in August 2012. Yes, there was a calendar "quirk" which caused this…

More Deadpan at AP: We're 'Entering ... Historically Slow Growth'

July 31st, 2015 6:44 PM
These economics reporters at the Associated Press have become experts at deadpan humor. Earlier today, I noted how the wire service's Christopher Rugaber told readers, in the wake of a government report showing the lowest wage and benefit increases on record, that "the job market is not yet back to full health." No kidding, Chris. On top of that, the AP's Martin Crutsinger reacted to yesterday's…

AP Hides Another Decline, This Time in Manufacturing and Trade Sales

July 14th, 2015 7:47 PM
First, the good news. The Associated Press's Martin Crutsinger didn't handle his coverage of today's release of May's "Manufacturing and Trade Inventories and Sales" report by the Census Bureau as incompetently as he did the report on wholesale sales and inventories he filed on Friday. Visitors here may recall that the AP reporter referred to a key figure as "inventories" when it really…

At AP, Too-Convenient Mislabeling Hides Steep Wholesale Sales Decline

July 11th, 2015 3:11 AM
Martin Crutsinger has been a business and economics writer at the Associated Press for over three decades. Certain people in high places apparently hold him in high regard. In early 2014, on his 30th anniversary with the wire service, he is said to have received congratulatory letters from soon-to-be Federal Reserve chair Janet Yellen, soon-to-be-former chair Ben Bernanke and Obama administration…

Factory Orders Dive Again; AP, As Usual, Hides Full Extent of Decline

July 5th, 2015 11:57 PM
All the attention given to the decidedly mixed employment report the government issued early Thursday morning and the ongoing debt drama in Greece overshadowed a very disappointing release on factory orders which arrived from the Census Bureau 90 minutes later. In a cursory eight-paragraph report at the Associated Press, Martin Crutsinger relayed the basic bad news, but studiously avoided citing…

AP Coverage of May Deficit Omits Debt Ceiling, Copies Previous Content

June 11th, 2015 4:31 PM
In addition to his usual tired historical revisionism, the Associated Press's Martin Crutsinger, in his report on May's budget deficit of $82 billion, failed to mention that the nation is once again operating at the legal limit of its authorized debt. Additionally, he mailed in his final five paragraphs, virtually copying what he wrote on May 12 in covering April's surplus. The nation's debt…

Bloomberg News Still Thinks the U.S. Is in a 6-Year Economic Expansion

May 30th, 2015 10:52 AM
This shouldn't be a trick question, but to the nation's establishment press business reporters it apparently is: What is the current length of the U.S. economy's expansion? The answer, after yesterday's reported 0.7 percent annualized contraction in U.S. Gross Domestic Product, is obviously zero. But that's not what Bloomberg News and reporter Sho Chandra, who has used her full first name of…