Once again, ABC explains the news by focusing on a 'typical family' and their 401k account. But most families have no such thing.
Why does AP still let Calvin Woodward "factcheck" political speeches? Does no one at the news service know what actual factchecking looks like? (If you're coming in late, see FAIR Blog, 10/30/08, 2/25/09, 4/30/09, 1/28/10, 8/31/12.) Woodward's latest venture (1/29/14) into the factcheck genre, following President Barack Obama's State of the Union speech, produced yet more illustrations of what not to do when gauging the accuracy of political speech. Take this item: OBAMA: "We'll need Congress to protect more than 3 million jobs by finishing transportation and waterways bills this summer. But I will act on my own to slash […]
It's hard to remember a better time for politicians to talk about the issue of income inequality. But according to the Associated Press (1/24/14), Barack Obama's State of the Union address will attempt to shift away that issue–too divisive, apparently–and opt instead for some discussion of economic opportunity. As Jim Kuhnhenn writes: The adjustment reflects an awareness that Obama's earlier language put him at risk of being perceived as divisive and exposed him to criticism that his rhetoric was exploiting the gap between haves and have-nots. He also noted: Obama's December speech was well received by Democrats and liberals, but […]
Are "economic experts" really gratified by French President Francois Hollande's economic policy ideas? The New York Times cites one, but it's not hard to find other economists who offer a very different take.
Let's say you're best known for coming up with a federal budget blueprint that slashed tax rates for the wealthy and proposed big cuts to anti-poverty safety net programs, but now you want to be known as a guy who really cares about fighting poverty. Lucky for you, the Washington Post is here to help.
Before she was a reporter, CNN host Erin Burnett worked on Wall Street. Evidently she still sees things from that perspective. On October 21, Burnett took time on her show OutFront to criticize the Justice Department's reported $13 billion settlement with JPMorgan Chase. The bank is apparently ready to settle over a variety of claims relating to mortgage securities and the 2008 economic collapse. To Burnett, this is the government punishing success–and making the bank pay for things it didn't even do: This is all related to mortgage-backed securities and bad mortgages. It's a hell of a lot of money, […]