As Dems Convene, Food Stamp Rolls Hit Record Level -- And It's a Story

September 4th, 2012 9:49 PM
Completing a two-month full reversal of a tiny decline which began earlier in the year, the USDA reported on Friday that participation in the Food Stamp program, which the government wants everyone to call SNAP (Supplemental Nutrition Assistance Program), reached an all-time record high in June. The program's had 46.67 million participants that month, eclipsing the previous record of 46.51…

PolitiFact 'Beclowns Itself' in 'Half-True' Evaluation of Walker's Fac

September 4th, 2012 2:39 PM
I really can't do much with this one beyond relaying the absurd particulars involved in PolitiFact's incredible conclusion that Wisconsin Governor Scott Walker made a statement which was only "Half True" about unemployment in the various states in his speech last week at the Republican National Convention. On August 17, the government's Bureau of Labor Statistics opened its monthly Regional…

Bernanke Claims Two Rounds of QE Created 2 Million Jobs; That Would Me

August 31st, 2012 11:53 PM
In his Jackson Hole, Wyoming presentation today, Federal Reserve Chairman Ben Bernanke, as reported by Paul Wiseman at the Associated Press, made the following claim in connection with the Fed's programs of "quantitative easing" (QE): "Bernanke argued Friday that collectively, such measures have succeeded. He cited research showing that two rounds of QE (quantitative easing) had created 2…

As Gas Prices Spike, Bloomberg Cites Hurricane Isaac, Worries Over Oba

August 30th, 2012 2:12 PM
Gas prices have risen to a nationwide average of $3.80 per gallon, per gasbuddy.com early this afternoon, and an Ohio average of over $3.90. Is Asjylyn Loder at Bloomberg worried about the effects on drivers' pocketbooks and travel plans over Labor Day? Don't be silly. Loder is worried about its impact on Dear Leader's presidential reelection prospects, and avoids the implications of the ten-…

CNNMoney.com Email, AP Ascribe Less Than 0.1% Stock Market Advance As

August 29th, 2012 7:04 PM
Today, per Nasdaq.com, the Dow Jones Industrial Average rose by 4.49 points to 13107.48, the S&P 500 went up 1.19 points to 1410.49, and the NASDAQ gained 4.05 points to close at 3081.19.  The average of the three gains is less than 0.1%. That didn't stop the disseminators of CNN Money's email at the close of business from interpreting the result as being due to "signs of stronger U.S.…

AP's D'Innocenzio Doesn't Understand How Consumer Confidence Tanked 'D

August 29th, 2012 8:55 AM
The Associated Press's Anne D'Innocenzio is clearly mystified and possibly even upset that consumer confidence as reported by the Conference Board on Wednesday fell sharply to its lowest level since November of last year. Get a load of the second paragraph's first sentence in the version D'Innocenzio posted late yesterday morning shortly after the report's release, followed by asinine…

Hardly Reported: Venezuelan Refinery Disaster Has Chavez on Defensive

August 27th, 2012 1:29 PM
The Associated Press, in a Sunday evening dispatch, reported that the refinery explosion in Venezuela, which has thus far killed "at least 39 people" and injured "more than 80" (as of 10 a.m.; now it's at 41)  is "Venezuela's deadliest refinery blast ever." I'm sure that I join all readers here in expressing deep condolences and prayers for the victims and all who have been affected.…

House Committee Finds ICE Exaggerating Deportation Numbers; Will Press

August 27th, 2012 9:53 AM
An Associated Press report by Helen O'Neill time-stamped Saturday afternoon claims that "a record number of deportations means record numbers of American children being left without a parent — despite President Barack Obama's promise that his administration would focus on removing only criminals." Perhaps the assertion about more parents being forced to leave their kids behind is true. But…

'Fact Checkers' AWOL After Obama Spokesperson Lies About Jobs Created

August 26th, 2012 9:40 AM
Obama campaign spokesperson Stepanie Cutter, appearing on MSNBC earlier this week, claimed that "over the past, you know, 27 months we've created 4.5 million private-sector jobs. That's more jobs than in the Bush recovery (or) in the Reagan recovery." A Thursday Investor's Business Daily editorial plaintively asked: "Where are those allegedly unbiased fact-checkers when you need them?" As…

AP Report Cites Rising Jobless Claims as Evidence of 'Modest and Uneve

August 23rd, 2012 4:39 PM
In his coverage of the Department of Labor's Unemployment Insurance Weekly Claims Report at the Associated Press this morning, economics writer Christopher Rugaber stubbornly referenced a supposedly predictive benchmark the wire service has been using which has consistently failed in recent months. Rugaber also claimed that today's seasonally adjusted increase from the previous week, which…

AP-GfK Presidential Poll Cooking Ends Hiatus, Naturally Oversamples De

August 22nd, 2012 11:17 PM
I was beginning to hold out hope that the Associated Press was tiring of its partnership with the polling firm GfK Roper Public Affairs & Corporate Communications. No such luck. The latest AP-GfK poll on the presidential race of 1,007 people of whom 878 are registered voters shows Barack Obama leading Mitt Romney 48% to 44%. That four-point lead is down from 10 points in May and six…

AP Politicizes AAA Labor Day Travel Press Release, Errs Obviously in t

August 21st, 2012 1:40 PM
An unbylined Associated Press item late this morning told us that, according to AAA, "Thirty three million people will travel 50 miles or more during Labor Day weekend," which will be "the highest level of travel for Labor Day since the start of the recession in late 2007." But it won't be, as will be revealed in the AAA-sourced graphic found at Page 3 of its 36-page report (large PDF) seen…

AP's Kuhnhenn Leads Obama's First Presser in Five Months with Softball

August 20th, 2012 4:51 PM
Although the Obama/Biden campaign has plenty of gaffes and erroneous statements to answer for from the past five-and-a-half months -- the last presidential press conference was March 6 -- Associated Press White House correspondent Jeff Kuhnhenn opted to toss a softball to President Obama today as he was selected by the president to ask the first question at the chief executive's impromptu…

Hardly News: Democrat Corzine, Others at MF Global on Track to Avoid C

August 18th, 2012 10:41 PM
About a month ago, I joked in a column published elsewhere that the reason a certain New York Times column didn't resonate with anyone is because no one pays attention to the Old Gray Lady any more. Unfortunately, that's not true. But the fact that almost no other establishment press outlet has mentioned the paper's disclosure late Wednesday (appearing in Thursday's print edition) that former…