economists http://mrc.org/taxonomy/term/2484/all en NBC, CBS Blame Weak Jobs Report on Weather, Economists Disagree http://mrc.org/articles/nbc-cbs-blame-weak-jobs-report-weather-economists-disagree <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Networks and other media give same excuse as Labor Secretary, but right and left wing experts dispute weather claim. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/sean-long">Sean Long</a> </div> </div> </div> <p dir="ltr">Many people had high hopes for the December jobs report with economists’ forecasting job gains of around 200,000. The report, which was released Jan. 10, showed only 74,000 jobs added in December.</p><p dir="ltr">That was bad news, especially after 241,000 jobs were added in November. At the same time, the Bureau of Labor Statistics reported that the unemployment rate fell from 7 percent, to 6.7 percent, primarily because of workforce dropouts. &nbsp;</p><div class='signature'><p>— Sean Long is Staff Writer at the Media Research Center. <a href="http://www.twitter.com/@SeanLong717" target="_blank">Follow Sean Long on Twitter.</a></p></div><p><a href="http://mrc.org/articles/nbc-cbs-blame-weak-jobs-report-weather-economists-disagree" target="_blank">read more</a></p> Articles MRC Business Economy Government Media dean baker economists james sherk job gains jobs jobs report labor issues Labor Secretary nonfarm payroll jobs unemployment unemployment rate Weather WorkForce workforce participation Tue, 14 Jan 2014 17:54:41 +0000 julia.seymour 45292 at http://mrc.org Liberal Journalists, Lefty Economists Created Occupy Wall Street Mantra http://mrc.org/articles/liberal-journalists-lefty-economists-created-occupy-wall-street-mantra <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>While protesters only began shouting "We are the 99 Percent," a few months ago, the class warfare sentiment that the top 1 percent and the 99 percent are at odds is not a recent phenomenon. It was a claim made in media appearances before the first protests began in Zuccotti Park.<br /></p><p><a href="http://mrc.org/articles/liberal-journalists-lefty-economists-created-occupy-wall-street-mantra" target="_blank">read more</a></p> Articles MRC Business Economy Media began Depression economic economist economists fair Income IncomeInequality inequality krugman left liberal occupy OccupyWallStreet PaulKrugman PBSNewsHour percent poor rich soros stiglitz top vanity VanityFair wealth wealthdisparity wearethe99percent year Thu, 01 Dec 2011 21:12:00 +0000 admin 27482 at http://mrc.org Media Leave Out Economists from Stories on Debt Crisis 'Calamity' http://mrc.org/articles/media-leave-out-economists-stories-debt-crisis-calamity <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>The United States is in debt up to its eyeballs - or more realistically the Statue of Liberty's eyeballs. On May 16, America hit the debt ceiling. which is slightly less than <a href="http://money.cnn.com/2011/05/16/news/economy/debt_ceiling_deadline/index.htm">$14.3 trillion.</a> That works out to about $46,000 for every man, woman and child in the nation.<br /></p><p><a href="http://mrc.org/articles/media-leave-out-economists-stories-debt-crisis-calamity" target="_blank">read more</a></p> Articles MRC Business Taxes ceiling cuts deal debt DebtCeiling DebtLimit default Deficit economic economists federaldeficit House june Limit nationaldebt Negotiations networks news president rating Spending tax trillion Tue, 28 Jun 2011 18:12:00 +0000 admin 27518 at http://mrc.org Obama the Tax Cutter: A Network Fairy Tale http://mrc.org/special-reports/obama-tax-cutter-network-fairy-tale <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p><strong><a href="http://www.mrc.org/bmi/reports/2010/Obama_the_Tax_Cutter_A_Network_Fairy_Tale.html"></a></strong></p> <p><strong>Full Report</strong></p> <br /> <p>Once upon a time, there was a nation besieged by what many called The Great Recession. The unemployment rate was climbing, businesses and families were struggling, and everyone was holding out for a hero.</p><p><a href="http://mrc.org/special-reports/obama-tax-cutter-network-fairy-tale" target="_blank">read more</a></p> Special Reports MRC Business 2008 2009 2010 administration Americans aug average bill billion broadcast Brookings Budget burman bush campaign cbs center class congress conservative consulted Credit cut cuts cutter Deficit economic economists economy election evening experts expiration expire fact found government health higher House included including Income increase increased increases institute jan Journalists law left liberal Liberals lower made making massive mccain middle million muir NBC network networks news obama obamas pay people percent point policies policy political president problem quintanilla raise Reporters rich rivlin sept signed size Spending Stimulus stories tax taxes temporary turned unemployment warned wealthiest wealthy white year years Wed, 20 Oct 2010 23:52:00 +0000 admin 30584 at http://mrc.org Obama the Tax Cutter: A Network Fairy Tale: Executive Summary http://mrc.org/special-reports/obama-tax-cutter-network-fairy-tale-executive-summary <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p><strong>Executive Summary</strong></p> <br /> <p>Like the fabled town of Hamelin that hired the Pied Piper to conquer its rat problem, America needed a hero to overcome a faltering economy. According to the news media, that hero was Sen. Barack Obama who made extravagant promises about tax cuts for 95 percent of “working families” and getting the economy back on track.</p><p><a href="http://mrc.org/special-reports/obama-tax-cutter-network-fairy-tale-executive-summary" target="_blank">read more</a></p> Special Reports MRC Business cbs class cuts cutter economists increases JohnHarwood JohnYang Journalists liberal MediaBias NBC network networks news obama obamas percent SpecialReport stories tax taxcuts taxes TaxHikes wealthy Wed, 20 Oct 2010 01:45:00 +0000 admin 2085 at http://mrc.org As Economy Stumbles, Obama's Economic Team Quits http://mrc.org/articles/economy-stumbles-obamas-economic-team-quits <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p >After nearly two years in office, the “first rate” economic team that President Obama assembled to turn things around – Peter Orszag, Christina Romer, Larry Summers and Timothy Giethner – has itself nearly turned over.</p> <br /> <p >His E-team of “brainy” economists, as ABC’s Claire Shipman called one of them, went to work even before Obama took office, ultimately crafting a massive stimulus plan that they said would create millions of jobs. The media regarded them highly, giving them plenty of live interview time and constantly pushing their economic ideas.</p><p><a href="http://mrc.org/articles/economy-stumbles-obamas-economic-team-quits" target="_blank">read more</a></p> Articles MRC Business Economy Taxes economists Geithner healthcare obama obamacare orszag Regulation romer Spending Stimulus summers Wed, 29 Sep 2010 20:52:05 +0000 admin 27074 at http://mrc.org The Media's Top 10 Worst Economic Myths of 2009 http://mrc.org/media-myths/medias-top-10-worst-economic-myths-2009 <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p> </p><p><em>Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2009 list:</em></p> <p><em> </em></p> <p> </p><p>10. CBS, NY Times Support Ecuadorian Shakedown of U.S. oil company<strong> </strong></p> <p>9. Media Fail to Scrutinize Obama’s Job Claims  </p> <p>8. Government Stimulus is the Answer to Our Economic Problems</p> <p>7. No Tax Increases for the Middle Class</p> <p>6. The Recession was Over … by July.</p> <p>5. Cash for Clunkers was a ‘Success’</p><p><a href="http://mrc.org/media-myths/medias-top-10-worst-economic-myths-2009" target="_blank">read more</a></p> Media Myths MRC Business 1982 2009 2010 abc Americans anti april Astroturf aug back bad bill billion Budget called car care cash cbo cbs Chevron claim claims class climate climategate clunkers company cost country create data day days dec Deficit didnt economic economists economy Ecuador events experts explained fact found gibson good government health high House including job jobs july made mails mentioned middle million morning myth NBC network networks neutral news numbers obama obamas oil package parties party percent pledge president program Protestors rate reagan Recession Recovery reform report reports rest roesgen save show Spending spent Stimulus stories story support tax taxes texpet theyre Today told unemployment washington year years Wed, 09 Dec 2009 23:13:00 +0000 admin 30122 at http://mrc.org Newsweek, ABC Cheer End of Recession, But Economists, Politicians Remain Divided http://mrc.org/articles/newsweek-abc-cheer-end-recession-economists-politicians-remain-divided <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>Is the recession really over? That’s the question many are asking since Newsweek magazine declared it so in the cover story of its Aug. 3 issue.</p><p>Daniel Gross’ article cited home sales increases for June, the stock market’s 44 percent rally since March and improved corporate earnings. Since then, ABC and CBS have asked experts the same question, and one New York Times story found an economist who claimed the “recession is over, economy is recovering.”</p><p><a href="http://mrc.org/articles/newsweek-abc-cheer-end-recession-economists-politicians-remain-divided" target="_blank">read more</a></p> Articles MRC Business Economy Politics Biden businessweek DanielGross DonBoudreaux economicrecovery economists GaryWolfram JimCramer Newsweek obama Recession recessionisover Thu, 30 Jul 2009 14:02:27 +0000 admin 26669 at http://mrc.org USA Today: Fewer Economists Expect Recession http://mrc.org/articles/usa-today-fewer-economists-expect-recession <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p >     Labeling the current economic situation a “recession” has been premature, but common among the media, in recent months. But a new poll shows more and more economists are predicting recession will be averted.</p> <br /> <p >     An article by John Waggoner and Barbara Hansen <a href="http://www.usatoday.com/money/economy/2008-07-29-recession-economists-survey_N.htm" />in USA Today</a> July 30 revealed the tide is turning against the notion of a recession, with economists split on whether the U.S. economy is currently in a recession.</p><p><a href="http://mrc.org/articles/usa-today-fewer-economists-expect-recession" target="_blank">read more</a></p> Articles MRC Business Economy consumer Credit crisis crunch Depression economist economists Foreclosure home House housing money news Poll Recession saving Spending Wed, 30 Jul 2008 17:36:15 +0000 admin 26015 at http://mrc.org The Medias Top 10 Economic Myths of 2007 http://mrc.org/media-myths/medias-top-10-economic-myths-2007 <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/bmi-staff">BMI Staff</a> </div> </div> </div> <p><strong><a href="http://www.mrc.org/bmi/mediamyths/2007/The_Medias_Top__Economic_Myths_of__Executive_Summary.html">See Executive Summary</a></strong></p> <br /> <p><strong> </strong></p> <br /> <p><strong>10. Airlines are solely to blame for the unfriendly skies. <br /></strong><strong><em>Media myth</em>: Blame the airlines for all those flight delays; never mind the obsolete government-run agency creating the gridlock.</strong></p><p><a href="http://mrc.org/media-myths/medias-top-10-economic-myths-2007" target="_blank">read more</a></p> Media Myths MRC Business 100 1987 2007 abc airline airlines american Americans anchor atc august big billion blame borrowers burnett business businesses businessweek buy carbon care case cbs Children Christmas climate companies condo consumer consumers cost coverage crash credits day debt december Decline delays dont eat economic economists economy emissions environmental evening experts FAA financial flight Food foods Foreclosure Foreclosures found gas global good government green growth health high home housing included including increase institute insurance investors isnt journal Journalists june line made Magazine make making market million money months Moore mortgage myth national NBC nbcs news nightly november number numbers october oil people percent price prices program ramsey rate rates Recession record Reporters reports responsibility result sales season show Spending stock stocks stories street strong summer system tax things Today told total truth uninsured wall warming warned warning Whelan Wolfram word world worried wrote year years Thu, 06 Dec 2007 23:21:00 +0000 admin 30114 at http://mrc.org 'Bad News Bears' http://mrc.org/special-reports/bad-news-bears <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div> <p><a href="http://www.mrc.org/bmi/reports/2006/Bad_News_Bears_Executive_Summary.html">See Executive Summary</a></p><p><a href="http://mrc.org/special-reports/bad-news-bears" target="_blank">read more</a></p> Special Reports MRC Business 2005 2006 abc american analysts anchor april aug august average bad bob briefs broadcast bush bushs business businessmen case cbs coverage debt Decline economic economist economists economy election evening experts explained focused gallon gas good government growing growth high higher housing huge Interview Interviews issues job jobs john july Katrina made month months NBC negative network networks news nightly numbers oil ordinary past percent piece point positive post predicted price prices public quarter rate rates Recession report reporter Reporters reports Republicans rising schieffer school showed shows similar stories story street strong subjects Today told tonight unemployment viewers warned world year years Wed, 11 Oct 2006 20:16:00 +0000 admin 30554 at http://mrc.org Times Lauds Anti-War Poet Fighting "Patriotic Jingoism" http://mrc.org/quotes-note/times-lauds-anti-war-poet-fighting-patriotic-jingoism <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Documenting and Exposing the Liberal Political Agenda of the New York Times. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/clay-waters">Clay Waters</a> </div> </div> </div> <p><br /><br /> January 14, 2005<br /><br /> Times Lauds Anti-War Poet Fighting "Patriotic Jingoism"<br /></p><p><a href="http://mrc.org/quotes-note/times-lauds-anti-war-poet-fighting-patriotic-jingoism" target="_blank">read more</a></p> Quotes of Note TimesWatch economists january reporter security Sun, 04 Dec 2011 18:23:46 +0000 admin 8065 at http://mrc.org One Economy, Two Spins http://mrc.org/special-reports/one-economy-two-spins <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div> <p><a href="http://www.mrc.org/bmi/reports/2004/One_Economy_Two_Spins_Executive_Report.html">See Executive Summary</a></p><p><a href="http://mrc.org/special-reports/one-economy-two-spins" target="_blank">read more</a></p> Special Reports MRC Business 1996 2004 236000 96000 added andrews august broadcast buried bush cbs clinton CNN comments coverage creation data department didnt dropped economic economist economists economy election Employment evening fewer gave good growth hoover included issue job jobs Kerry Labor latest lost million month months NBC negative news number numbers october office paragraph percent period positive post president quarter rate reelection report reported reporter reporting reports results revision sector september similar started stories story straight strong study summer talking unemployment year york Fri, 15 Oct 2004 00:34:00 +0000 admin 30541 at http://mrc.org