Business Coverage

Today at a press conference, President Barack Obama said that "we’ve created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government ..." Later, in a cleanup attempt, in what the press is claiming is a walkback, Obama really didn't walk it back: "…

The Boston Globe is reporting on a Massachusetts solar company that received state loans under Governor Romney, and is now filing for bankruptcy.  The Globe insists that this news means that Romney's attacks on the President's failed Solyndra investment have backfired, and are implying that it opens up the Republican presidential contender up to charges of hypocrisy.  An excerpt:

After the jump is a graphic from Investor's Business Daily comparing post-recession consumer confidence readings from the Conference Board during the Reagan and Obama administrations. See it there or see it below, because you probably won't see it at any establishment press web site or in any of their publications. What's remarkable about the graphic is how confidence was able to stay at or…

In a generally even-handed report on yesterday's drop in consumer confidence as reported by the Conference Board (from a revised 68.7 to 64.9, vs. expectations of a rise to 69.6, according to Bloomberg), the Associated Press's Mae Anderson, with assistance from Christopher Rugaber, engaged in a bit of excuse-making in and downplaying in their later paragraphs. The AP pegged its water-down to…

CNN's Dana Bash reported Friday on the irony of President Obama hitting Mitt Romney's connections to Bain Capital when he himself has received donations from Bain employees. CNN has highlighted Obama's hypocrisy on this matter before, but this specific story has certainly not received much air-time – if any at all – in the last two weeks. "But isn't it hypocritical for the Obama campaign to…

Following a report on Wednesday's NBC Nightly News about the dropping value of Facebook's initial public stock offering and possible investigations into what went wrong, anchor Brian Williams saw an opportunity to adopt the talking points of the left-wing Occupy Wall Street movement: "Is this a case of the rich get richer, another advantage to the 1%...?" Williams posed that question to New…

CNN's Soledad O'Brien spun Mitt Romney's words into a dodging-the-question moment for the candidate on the matter of Bain Capital, on Thursday's Starting Point. O'Brien was emphasizing Romney's "reluctance" to mention his days at Bain, which had been the focus of attack ads from the Obama campaign that O'Brien herself justified the other day. Specifically, she took Romney's interview with…

Last week, what the Department of Labor had originally reported as a dip in new unemployment claims the previous week (from 368,000 to 367,000) was revised into an increase (to 370,000). This week, what DOL originally reported was a no-change situation (i.e., 370,000) was revised into an increase (to 372,000). It's getting ever more difficult to accept DOL's ongoing underestimations, which…

A bogus report published by MarketWatch Tuesday claiming "under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s" has been all the rage at the White House and MSNBC. Conservative columnist Ann Coulter correctly observed Wednesday:

To be fair, the full text of what Martin Crutsinger at the Associated Press wrote in the first sentence of what I believe was the final version of his report today on the Census Bureau's new-home sales release was that "Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover." The other "evidence" he cited related to a small bump…

CNN's Soledad O'Brien has carried water for President Obama before, and her "nothing to see here" attitude on Tuesday's Starting Point in regards to the Obama's blatant hypocrisy made that all the more clear. The night before, O'Brien's colleague Anderson Cooper grilled the Obama campaign over the President's personal attacks on Mitt Romney. Cooper maintained that Obama is hitting Romney's…

On Tuesday's NBC Today, co-host Matt Lauer invited CNBC Mad Money host Jim Cramer to elaborate on calling Mitt Romney a "job destroyer" as the head of Bain Capital on Sunday's Meet the Press: "You speaking as a pundit, or do you have some experience here?" Cramer declared: "He was talking about rationalizing the workforce, making it so that the companies were more efficient. Matt, these were…

On Sunday's NBC Meet the Press, CNBC Mad Money host Jim Cramer followed Obama campaign talking points perfectly as he decried Mitt Romney's business record at Bain Capital: "Romney's known as a job destroyer, not a creator....I think Bain sticks. I think the idea that you bring in Bain...they fire a lot of people and that's how they get prosperity for the rich." [Listen to the audio or watch…

Really, the only surprise is that consumers came before Obama in the headline -- because Obama came before the economy in the underlying article. A late-day dispatch from Jonathan Fahey and Paul Wiseman at the Associated Press even found someone to say that history will be on Obama's side if gas prices fall to below $3.50 a gallon or so by Labor Day. Excerpts follow (bolds are mine):