AP, Reuters Financial reporting have their heads up their "BUT"s

Various; vanity ^ | 5/12/09 | jdsteel

[jdsteel]

I'm sure you've noticed it. Headlines like "US trade deficit widens in March, BUT less than expected." or "China's exports sink, BUT factory investment rises". We could call it the silver-lining financial press. I can't recall when the MSM had so much "accent the positive" attitude. Oh yeah, when Bill Clinton was president.

[FromLori]

I was making remarks about that just yesterday the spin they put on how bad the unemployment is just beyond belief now that it is the obamageddon.

http://www.foxbusiness.com/story/markets/economy/economic-war-poses-threat-recession/

[SoFloFreeper]

Get used to it. BHO worship is the media’s cult.

[avacado]

I watched NBC News last friday evening and they spun the 530,000 job loss of April as a sign that the economy was improving because we lost 650,000 jobs the month before.

WTF! Over a half-million jobs lost in a month, and the MSM says the economy is improving???

[dajeeps]

The big issue I have is that we don’t really hear anything about Iraq except car bombings and a soldier who went postal. Of course they went really big on the story about the soldier, but also neglected to point out that incendents such as that as a percentage of the military who are stressed and in combat conditions is far lower than the percentage of violent incedents in college settings.

[NMEwithin]

Too big to fail...

[DannyTN]

Reuters has their heads up middle east butts. I understand they are owned by the middle east.

[jiggyboy]

You need to watch Larry Kudlow more on CNBC. No matter how many numbers come out absolutely horrible, no matter how much the stock market is down, he’ll jump all over somebody who dares to point that out without (Ah HA!) also mentioning that some random stock in some random sector was up 5% for some random reason.

[blam]

NO Economic Recovery, Multiple Raging Economic Storms

Economics / Recession 2008 - 2010
May 11, 2009 - 05:35 AM
By: Money_and_Markets

Martin Weiss writes: Any economist fixated on so-called “signs of a recovery” needs to have his head examined.

As I’ll prove to you in a moment, the hard-nosed reality is that five major economic cyclones are in progress at this very moment.

The storms are not abating. Nor are they changing direction. Quite the contrary, what you see today is, at best, merely a deceptive calm before the next, even larger tempests.

For investors who follow Wall Street, it could be fatal.

[snip]

[lormand]

Zero taunts them about being total lemmings, and they stand up and cheer.

[Fee]

MSM bias, no way (sarcasm). GWB had 4 to 5 percent unemployment and growing GDP and the MSM reports that it was the worst economy since the Great Depression. Today we have 8.9 percent unemployment (and growing), shrinking GDP and the MSM tells us we have a RECOVERY!!!!!

[avacado]

"MSM bias, no way (sarcasm). GWB had 4 to 5 percent unemployment and growing GDP and the MSM reports that it was the worst economy since the Great Depression. Today we have 8.9 percent unemployment (and growing), shrinking GDP and the MSM tells us we have a RECOVERY!!!!!"

Exactly!

The last Republican Congress' complete budget was for fiscal 2007 (oct 2006 - sept 2007) and that only had a deficit of $160 billion. When the Democrats took over Congress their first complete budget cycle was fiscal 2008 which had a deficit of $455 billion. And now for fiscal 2009 the Democrats and Obama will have run up a $2 trillion budget deficit... And the same for 2010, 2011, 2012.

But all of a sudden the MSM doesn't scream about these huge Obama-Dem deficits which are going to destroy the USA.

[cowtowney]

http://market-ticker.denninger.net/

so much for green shoots