The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label CBS. Show all posts
Showing posts with label CBS. Show all posts

Wednesday, January 18, 2017

Trumpism: News Fakery and Controlling (You Lose In Either Case)

As this Friday's Trump Inauguration nears, make note of the fact you are the subject of ongoing media related subterfuge from the Right. The latest example of total fascism in media comes from none other than the Right's number one video propagandist. James O'Keefe has been outed for attempting to stage fake violent protests in or around the inauguration festivities.  The Young Turks.
TYT's Eric Byler (htp://Twitter.com/EricByler) takes you behind the scenes of the counter-sting operation that exposed James O'Keefe, Allison Maass and their propaganda outlet, Project Veritas. Video and audio catch Maass offering to pay money for the incitement of riots at Donald Trump's inauguration. Linked here. Or view 6 minute video below.


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How about a bit subterfuge corporate sanctioned Trumpism from CBS news (Atlanta affiliate)? The Atlanta station employs a reporter (or host), Ben Swann, has an obvious mission relative to moving Trumpism forward. He is a mind shaper to the maximum and one to be avoided like a rabid animal.

https://youtu.be/XzFRnvou0og


Towards the end of December, we published a couple of pieces regarding Trumpism messaging. Both pieces centered around broadcasts with Swann's efforts to fulfill a role most TV hosts or reporters would avoid: a mouth-piece for Trumpism and a misinformer par excellence.

Basically, Ben Swann is a Right-wing "newsertainer."
Definition: newsertainers (noun); An employee of a broadcast media network hired to deliver scripted teleprompter scripts, or host a news related show. The media model is characterized via obvious efforts to attract viewers (by any means necessary) and the model is promulgated by his/her employer to literally shape message and information delivered to an audience. The scope and variety of newsertainers runthe gamut from leggy blonds, obvious mis-information purveyros,through Jerry Springer-like panel shows (CNN) to over-talking often cogent hosts on MSNBC.
I offer an excerpt from a December, 29th piece: "Newsertainers", Obama Sanctions On Russia CBS News
A few days ago I ran across the following (below) four minutes video segment from CBS. The segment is supposedly a fact-check which refutes the CIA's claim of Russian interference in the recent General Elections. The video has even garnered favor from die-hard Clinton supporters; an astounding reality. 
As I am not one of the neo-Obama (Administration) critics like the suddenly ever-present Sam Stein) and other far lesser celebrity types like a few of my Facebook friends who are effusing in Obama criticism now that we have four weeks left in Presidency, I do not accept the CBS video as either credible nor newsworthy. It is just another attempt to garner viewers with that new slant: attract both left and right viewers with slick with creatively developed "denial stories."
Why would the CIA desire to fabricate such a story? 



I believe the NSA Chief also commented on its concerns with Putin ordered hacking of the DNC.  Since the CIA and the NSA have issued statements regarding probable Russian election hacking, why should I consider CBS's report anything other than a ratings trap?
If you visited the linked December piece, you know it took less than three days from proper administration handling of Russian election tampering to come forth. You may have also noticed Mr. Swann's assertion of "no evidence" is a common refrain in untruthful denials. Moreover, his lack of insight into the inner workings of matters of INTEL showed like two left shoes. In more common terms, Swann seems to be a right-wing mouthpiece who entertains an audience with little respect for fair and open reporting mixed with what seems a mission to promulgate on behalf of the new administration. He is not a journalist; he is a "newsertainer."

Related imageThe Message Will Kill You...If The Message Is Absent Truth.

Trump and his handlers are feeling us out for the real possibility, Trump ay bar real "newsertainment" networks from the White House Press Corp. 






















Also, a tidbit from HUFFPO

(Click image below)












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Wednesday, October 7, 2015

Ben Carson Wants To "Tell You What To Do"

Ben Carson recently entertained the Fox & Friends "nutty" congregation audience with the following regarding the recent mass murder in Oregon.

https://youtu.be/7mYKlUBV9Jk (35 seconds)



I have long posited, and will continue to take the position, Ben Carson has serious mental issues.

After much discussion and specific probing from friendly media (AKA Fox News), the zany GOP presidential campaign top echelon candidate, joined CBS this morning for more nuttiness. He states he wants to tell people what to do. Carson just cannot imagine, millions upon millions do not give a damn about his suggestion. His words are simply Fox News like machismo without regard for the reality of the environment in which a killer carefully planned his slaughter. 

Mediate has published a piece about this morning's CBS visit.  If you are like me regarding insulating your grey matter from conservative insanity, skip through the segment and focus on the low lights.

Mediaite

Carson Defends Shooting Comments: ‘I Want to Plant in People’s Minds What to Do’

by Alex Griswold | 9:26 am, October 7th, 2015
Ben Carson


Republican presidential candidate Ben Carson defended his comments that he wouldn’t have just “stood there” during the Oregon shooting, saying on CBS’s This Morning that he was just trying to prevent future tragedies.


“What did you mean when you said “I would not just stand there?” asked CBS’ Norah O’Donnell.


“I want to plant in people’s minds what to do in a situation like this,” Carson said. “Because unfortunately, this is probably not going to be the last time this happens.”

Linked video here

“Do you believe the victims in Oregon just stood there?” she asked.

“From the indications that I got, they did not rush the shooter,” Carson responded. “The shooter can only shoot one person at a time, he cannot shoot a whole group of people. And so the idea is overwhelm him so not everybody gets killed.”

But O’Donnell pointed out that one victim Chris Mintz did rush the shooter, but only ended up shot seven times. “That is exactly what should be done,” Carson said. “If everybody does that, the likelihood of him killing as many people diminishes quite significantly.”

He denied that he was being insensitive to victims. “…We live in a culture now where people decide everything you say, we need to set up battle lines and we need to get on this side of it or that side of it, rather than collectively trying to figure out how we solve the problem. It’s sort of an immature attitude but it seems to be something that’s rampant in America today.”

Watch above, via CBS.

[Image via screengrab]
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Friday, April 18, 2014

Tax Policy, The GOP, And You.... Part II




On April 15th (Tax Day) Fox News managers and producers broadcast a segment that smacks the face and psyche of Americans who understand and abhor income inequity born of GOP economic policy since the early 1980s.  Take a look at Ed Schultz's "Vulture Chart."  Do you notice the red (upper income) trend line took off in the early 1980s? 

Now, for Fox New's Hemmer and Varney.  Hemmer actually comments the about down sides of taxes (granted non of us care for taxes), and regulation. The host is big with mantra and talking points, but he should consider use of the word "regulation" as we consider our recent history of unregulated capitalism. 

http://mediamatters.org/embed/.....


The segment speaks without any opaqueness about the Fox News audience.  

Income inequality is (excuse the colloquial phrase) "as serious as contracting cancer." Those of us who earn significantly less than the nation's top income earners are literally relegated to equally significantly shorter life-spans. Talking Points Memo published a piece today, with "death charts" illustrating the stark reality of "income privilege" Vs. the the less expanded life span. 

The stark reality....

The Curry County Democrats
A Giant Statistical Round-Up of the Income Inequality Crisis in 16 Charts
The Atlantic, Derek Thompson
To understand the full story, you have to look at capital income — from assets like housing and stocks and bonds. This is where income growth for the top 1% has positively exploded, taking income inequality to record highs.


The chart, one of 16 in the Atlantic piece, provides an irrefutable illustration of income inequality. The also takes GOP and conservative mantra to the point of comical manipulation. The only problem with the comedic blabbering from the Right: People are not  paying attention. When we fail to pay attention to our growing oligarchy and growing income inequality, it simply grows and metastasizes. 

Growing income inequality should rightfully, lead to higher income tax burden for people at the top of the income strata. Conversely, middle income Americans and lower income Americans should rightfully pay lower federal taxes. We do have a progressive tax structure! 

It is interesting to watch how right-wing media runs interference for people who provide potential for contributions and funding, and does so without regard for people who earn less and are earning less on an ever-increasing basis.

While the Wall Street Journal recently published the following graphic, SLATE very adroitly dealt with the graphic message. Thus placing interpretation of the graphic along-side Right-wing false interpretation of data reality.

Excerpt (read carefully)
There is nothing wrong with having that debate—most liberals, I think, welcome it. There is something very wrong, however, with how the Journal presents America’s shifting tax burden, which it traces in the graph below. The chart is supposed to tell us that the entire top 20 percent of households—the group shown in red, which includes “couples with two children making more than $150,000,” as writer John McKinnon puts it—is now responsible for paying a vastly larger share of all federal taxes than it was at the start of the Reagan era. It’s not just the ultra-rich who are doing the heavy lifting. It’s the upper-middle class, too.
That is only true if you lump together the top 1 percent with the next 19 percent of taxpayers. Break them apart (as I’ve done below, using the same data sets as the Journal), and it’s clear that the only cohort responsible for a notably larger share of the country’s tax bill is the top 1 percent. (The graph includes a break where it shifts from Congressional Budget Office data, which ends in 2010, to figures from the nonpartisan Tax Policy Center).


taxes_top_20_percent
If you only look at federal income tax liability—so no payroll taxes or corporate taxes—then the entire top 10 percent has seen its share of the burden grow quite a bit. But that brings us to the bigger point: Income inequality is rising. And as long as we have progressive taxation, that means the rich will naturally pay a larger share of the tax tab. The Journal, to its credit, acknowledges this. What it fails to point out is that, according to both the Congressional Budget Office and Tax Policy Center, only one group is paying a higher average tax rate than it did during the Bush era. Again, that’s the top 1 percent.
Right-wing media knows its viewers and ultimately knows who pay their "freight."  

MSNBC's Alex Wagner, Ezra Klein and Janell Ross, The National Journal, discussed the American tax experience. 
http://on.msnbc.com/1hGF8Yw


The average American knows the wealthy have a form of conferred privilege. They have such singularly due to their wealth and opportunity inherent in wealth.  We also know the average American has enough tax knowledge to know that wealthy pay the progressive tax and they know the progressive rates mean we pay less.  Ah yes, the voting public and the non-voting public have some knowledge of the progressive tax, the public has no information feeds that provide easy to find relational perspectives.

Also on Tax Day Media Matters published a piece among pieces that addressed the information void and the lack of information dissemination via network news (ABC, NBC, CBS). 
Relationship Between Income Tax Rates And Income Inequality


If as indicated by both Gallup and Pew Research, Americans get their news from television, and the three major networks didn't provide coverage of the relationship between taxes and income inequality over the course of the past year, one should ask why? The rational person should think in terms of how can public opinion focus on issues critical to matters of importance to the non-wealthy, if media shone such issues.  

Now, do you think media inadvertently avoids issues of growing income disparity?  Surely, you wouldn't be so naive.
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Friday, February 7, 2014

US Senate Votes Against Extending Unemployment Insurance; No Mainstream Network Covers The Vote!

In the shadows on some issues.  Why?
Media Matters continues to nail  the extent to which electronic media seeks ratings. How could it be the US Senate denial of unemployment insurance payments (even for three months retroactive back to last December, 28th) did not garner one second of coverage on network news?  

The failure to mention the Senate vote, is particularly striking since across the political spectrum (Democrats, Independent and Republican) Americans favor extending the payments. Of course, favoring the extension tails off once you look at favorable data from Republicans. Nonetheless, all favor extending the payments.


According to a Quinnipiac University survey, 58% of registered voters nationwide say they favor a three-month extension of the benefits for people currently out of work. 
The poll, which was released Wednesday, indicates a partisan divide, with overwhelming support from Democrats (83%-13%), majority backing from independents (54%-41%), and opposition from Republicans by a 54%-42% margin.
 The fact that not one mainstream network even mentioned the US Senate vote, speaks volumes about news producers and managers. If the data above is accurate and Quinnipiac has a reputation for accuracy with a progressive slant what you are about to see can only be attributed to ratings aversion. Are these networks avoiding issues that might 'turn-off" right-wing politicians. How is it so coincidental all three ignored a vote that may have you sitting at home with no income? The only answer is to avoid shame for the GOP and the prospect of Right-wing backlash from entities in DC. Let's face facts, the issue is an issue of interest to the public.

Broadcast News

See Media Matters here.

One more look at the shame of major network news.

Causes of Economic Harm

Yes, for a moment we digress away for the foibles and politics of network news managers and producers.  We simply cannot resist a snapshot of how FOXPEN (Fox Propaganda and Entertainment Network) covers another issue that impacts perception of the political Right.

Chris Christe Anyone?
Media Matters Chart: Mentions of Chris Christie on Cable News

People who are unaware of current events and issues critical to the nation, make bad choices.

What happens to the (common) people who do not earn millions per year (as do many broadcasters) when people vote the nation into political "OOOPs"; like electing George W. Bush twice. 

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Sunday, January 26, 2014

Ted Cruz Underestimated The Intellect Of An Intellectual!

It is good to finally see a national television network host place the GOP number one (elected) charlatan, Ted Cruz, to task for public attempts to manipulate CBS viewers. 


CBS host laughs in Ted Cruz's face for repeatedly denying he shut down government (via http://crooksandliars.com),
By David January 26, 2014 12:15 pm CBS host Bob Schieffer's was driven nearly to a fit of giggles on Sunday after Sen. Ted Cruz (R-TX) repeatedly refused to take responsibility for last year's government shutdown. CBS host Bob Schieffer's was driven…

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Sunday, January 12, 2014

Iran Nuclear Agreement!

Breaking......CBS News. Iran Nuclear Agreement

Iran and world powers reach a deal on dismantling Iranians nuclear program. A program that previous GOP US administrations supported. If fact, during the Ford Administration, Cheney and Wolfowitz (Iraq War conspirators and perpetrators) encouraged US backing of Iran's nuclear programs. During the Reagan Administration the US and Iran partnered on deals that emblazoned Ronald Reagan's  legacy unmatched in US history: Iran-Contra "Arms for Hostages." 

GOP policy (and practice) as far back as the early 1970s set the stage for national and international "messes" President Obama has worked to move to a metaphorical shelf labelled "Resolved, Non-issue").  

The following infographic was published last fall by Al Jazeera. 

Infographic: Timeline expands on the history of U.S.-Iran relations in light of recent nuclear talks

Last November, the world found-out that President Obama had again fulfilled a campaign item. He would hold talks with Iran focused on disarming or eliminating Iran's Nuclear development, thus alleviating a major threat to the security of Israel and the region. Despite overwhelming public an and behind the scenes obstruction, a president moved forward as promised and may very well have provided validity on the too early (in his first term) decision to award the Nobel Peace Prize. 

Last November, the well publicized deal did not come to fruition.  It appears Secretary of State Kerry, Iran leaders and, yes, Obama have come to a point of "deal agreement."   Apparently, the November deal included the following.

Loading image ...

CBS 

Iran and world powers reach agreement on nuclear deal start

January 12, 2013
Excerpt...
“Beginning January 20th, Iran will for the first time start eliminating its stockpile of higher levels of enriched uranium and dismantling some of the infrastructure that makes such enrichment possible,” President Obama said in a statement. “Iran has agreed to limit its enrichment capability by not installing or starting up additional centrifuges or using next-generation centrifuges. New and more frequent inspections of Iran’s nuclear sites will allow the world to verify that Iran is keeping its commitments. Taken together, these and other steps will advance our goal of preventing Iran from obtaining a nuclear weapon."  
Iranian’s official state news agency also reported the news, quoting Iranian Deputy Foreign Minister Abbas Araghchi, but did not offer further details.
Excerpt... 
Under the November agreement, Iran agreed to limit its uranium enrichment to 5 percent - the grade commonly used to power reactors. The deal also commits Iran to stop producing 20 percent enriched uranium - which is only a technical step away from weapons-grade material - and to neutralize its 20 percent stockpile. 
Despite all of the superficial distractions from the Right, and real self-induced distractions (i.e. ACA roll-out, NSA monitoring) a president moves the nation, and the world,  forward with real leadership.

Leadership when we do not see it or hear it is much more valid and substantial than superficial noise many consider leadership.
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Friday, January 10, 2014

Christe's "Bridgegate" Uneven Media Coverage And "Ignore, Deflect and Defend From Fox News




Yesterday's coverage of the Chris Christe's (office aides and top level staff) handling of what was previously reported as a 'traffic study" and eventually revealed as clear bullying and political punishment, received mixed (cable news) media coverage.  We use the word "mixed" to keep it civil so early this morning.

Mediaite reported on differences in coverage between MSNBC, CNN and Fox News. The salient point of the Mediaite piece?  Fox News didn't mention the Christe public apology until mid-afternoon, hours after the 108 minute process conference. The linked Mediaite screed is a good indication of how politics shapes our news coverage. Linked.

Of course, the Left (MSNBC) is digging deep into the "Bridgegate" issues and Christe "apology" day. (Chris Hayes a,b,c; Rachel Maddow a, b; Lawrence O'Donnell a). We think it safe to say the Christe's "Bridgegate" has given MSNBC an opportunity to, frankly, pile-on. Yet, we acknowledge the investigative and deep analysis focus of their broadcasts.  And, as expected the Right (Fox News) is circling the wagons and fighting like westward bound settlers defending their land grabs against attacks from Native Original North American people. The Right is firing off talking points and "false equivalent" comparison like settlers firing single load and repeater rifles. CNN, on the other hand, is floundering around someplace in the middle and very much reporting within the conscripts of respective show production teams and managers. 

Anderson Cooper, CNN's 360 show host, conducted a panel interview via what is becoming increasingly a "modus operandi" at CNN: two very conservative pundits (one of which is a CNN employee) and one liberal pundit.  Moreover, Anderson Copper directed his first question to a member of the panel who performed daily misrepresentations for Bush/Cheney for the first two years of their first term: Ari Fleischer! Ari Fleischer! The other conservative pundit /politicians made the rounds of conservative TV throughout the day: U.S. House of Representatives Michael Grimm. We will revisit with Grimm in a bit via a clip from MSNBC's Hardball broadcast yesterday afternoon.

We truly do not expect MSNBC nor Fox News to book pundits who will do other than posit along lines of their political affiliations (i.e., MSNBC Left; Fox News Right). CNN's new conservative business (news) model, is moving far Right and well ahead of the news business model at CBS (especially 60 Minutes). We will remind, in 2011 CBS hired David Rhodes, a former Fox News executive, to run its news division. There was no surprise 60 Minutes would become a propaganda division for the Right as exemplified by the very fake Benghazi Story and Lara Logan's theatrics

CNN's move Right is particularly troubling because it leaves no place for people to find what was once touted as "neutral" reporting. Let's face it, both Gallup and Pew Research reported, people get their news from television. Do you see the danger? We should have, by now, learned moving Right, as evidenced by our recent history, is nation killing dangerous. CNN has joined Fox News in mind altering news reporting with a concerted and strategic conservative slant. 

Media Matters captures our point as effectively and reliably as the media monitoring entity has come to be known (and expected).

Watch Media Matters makes our point.  Fox News ignores the story for hours.  

While viewing yesterday's Chris Matthew's Hardball, noticed he had booked Mike Grimm the extreme pundit/politician from New York State.

One of the GOP's most notable mouthpieces, Grimm (R-NY) patiently completed an interview with Chris Matthews and strategically dropped the GOP "Benghazi" talking-point towards the end of the segment. We are actually surprised Matthews did not anticipate the talking-point from the congressman. 

Benghazi has to be a major "red herring"; or dog whistle for conservative sycophants who have not read deep into the US Consulate killings. High information people know that Benghazi has unraveled as an issue against the Obama Administration as completely as the fake 60 Minutes segment.

The Grimm Benghazi talking-point starts near the 6:00 minute mark. Most of the interview is standard Chris Matthews fare and while relevant does not address the point for which we embedded the segment.

http://on.msnbc.com/KILOYK




It would be a fantasy to expect right-wing media to cover Christe's "Bridgegate" as thoroughly as MSNBC. An expectation Fox would compete against CNN in covering the scandal would be comparable to waiting-up all night for Santa Claus (OOPs better not go there with Fox News).  Yet, the following graph from a link above is both startling and revealing.


It will be interesting to see if Media Matters published a review of broadcast time expended on the scandal for January 9th and January 10th (today).

Anyone who watches Fox News and actually believe they are vieweign to seek news has to live in a fantasy world.  Even MSNBC has been ultra-critical of the Obama Administration regarding NSA monitoring, Justice Department review of certain (print) media White House phones and the network (to the news host) was over-the-top critical of the Administration as the American intervention in Syrian Crisis was a remote prospect. Also, Ed Schultz is ever-mindful of warning the Obama Admisntraiton about the deleoping "fair-trade" Agreeements.  

Yet, when a network has  a mission of political propaganda and public relation in support of a ideology, we should not expect crticism, jsut "Ignore, deflect and defend."



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Thursday, January 2, 2014

US Economy 2013: A Story Of Considerable Progress



We at the TPI visit the US economy throughout the calendar year.  Our reviews are often accomplished quarterly will major  or review at year end. We are creatures of habit and have compiled a number of common economic indicators for 2013. While some readers have contempt for charts and graphs there really are not better method to deliver messages quickly and efficiently. High information people find ways to deal with the possible assimilation of data, especially when all major media are chasing revenues and failing to adequately report hard fought progress of the Obama Administration.

The year was a year of steady and moderating economic improvements. An improving US economy is a comprehensive indicator of a healthy nation. The Obama Administration from day one in 2009 has worked towards a healthy economy and despite irrefutable GOP obstruction, the POTUS and his adviser are reaping results.


Before we move into common economic indicators let's level and dispense of former GOP mantra that President Obama was without an energy policy. Energy charts are source linked via a click on the chart.

Obama's immediate attention to drilling for independence



White House Dot Gov (and five years of competent policy)

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Common economic indicators


T. Rowe Price

U.S. Stocks1
Index2Friday's CloseWeek's Change% Change
Year-to-Date
DJIA16478.41257.3325.75%
S&P 5001841.4023.0429.11%
NASDAQ Composite4156.5951.8537.66%
S&P MidCap 4001336.7817.8531.00%
Russell 20001160.2113.5836.60%
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Bureau of Labor Statistics
United States - Monthly Data
Data SeriesBack
Data
June
2013
July
2013
Aug
2013
Sept
2013
Oct
2013
Nov
2013
Jump to page with historical data
7.67.47.37.27.37.0
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Misery Index


Conservative websites are showing this graphic along with snide and disparaging remarks about Keynesian Economics. Why don't they simply give it up and recognize (and acknowledge) a bit of cooperation from their politicians these figures would show moderately better. 
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US Inflation Rate
Source: tradingeconomics.com

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US markets and a 'best year' since 1997.



Dow Jones Industrial Average (^DJI)

 -DJI
16,576.66 Up 72.37(0.44%) Dec 31

Basic Chart

Chart forDow Jones Industrial Average (^DJI)

Dow Jones Industrial Average (^DJI)

-DJI
Prev Close:16,504.29
Open:16,512.38
Day's Range:16,511.48 - 16,588.25
52wk Range:13,104.30 - 16,588.20
Quotes delayed, except where indicated otherwise. Currency in USD.

http://finance.yahoo.com/q/bc?s=%5EDJI


S&P 500 (^GSPC)

 -SNP
1,848.36 Up 7.29(0.40%) Dec 31

Basic Chart
Chart forS&P 500 (^GSPC)

S&P 500 (^GSPC)

cococo; font-size: 12px; font-weight: normal; line-height: 1.22em;">-SNP
Prev Close:1,841.07
Open:1,842.61
Day's Range:1,842.41 - 1,849.44
52wk Range:1,426.19 - 1,849.44
Quotes delayed, except where indicated otherwise. Currency in USD.



NASDAQ Composite (^IXIC)

 -Nasdaq GIDS
4,176.59 Up 22.39(0.54%) Dec 31

Chart forNASDAQ Composite (^IXIC)

NASDAQ Composite (^IXIC)

-Nasdaq GIDS
Prev Close:4,154.20
Open:4,161.51
Day's Range:4,160.77 - 4,177.73
52wk Range:3,076.60 - 4,177.73
Quotes delayed, except where indicated otherwise. Currency in USD.

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The three stock market indicators above are by far most viewed indicators of the US economy for novices like me. Such views and assumption of stock market economic health is flawed and misleading. There are other indicators that speak more appropriately to the health of an economy or lack there of.


Robert Reich, former Clinton Administration Secretary of labor, posits that bull market does not filter down to the nation's bottom 80% (ers).
But the real news here, that went completely unreported, is that the 2013 bull market widened inequality because..] 
(1) the richest 1 percent of Americans own 35 percent of the value of all shares of stock, and the richest 10 percent own over 80 percent, 
(2) the corporate profits on which these gains were based came largely from keeping the wages of ordinary workers low, 
(3) the capital gains and dividends these gains generated are taxed at a lower rate than most of the income of the middle class, and 
(4) the biggest winners are the top executives and Wall Street traders whose year-end bonuses are tied to the stock market, and the hedge-fund and private-equity managers whose “carried interest” loophole allows them to cash in big-time. 
When will we stop measuring the health of the economy by the Dow Jones Industrial average?
While I agree with the honorable University of Berkley professor, I differ while recognizing a truly "ill" economy would not see market performance as we have witnessed since Barack Obama was inaugurate to the Oval Office in January 2009.  

We have posted a few such indicators from the Bureau of Economic Analysis. Of course, we will start with the US Gross Domestic Products.

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Gross Domestic Product (GDP)
Current Numbers:
  • 3rd quarter 2013: 4.1 percent
  • 2nd quarter 2013: 2.5 percent
Next release: January 30, 2014
Quarterly data: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.1 percent in the third quarter of 2013 (that is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.5 percent.

Gross Domestic Product (GDP) Graph

Quarter-to-Quarter Growth in Real GDP


National Income and Product Accounts
Gross Domestic Product, 3rd quarter 2013 (third estimate); Corporate Profits, 3rd quarter 2013 (revised estimate)  
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.1 percent in the third quarter of 2013 (that is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.5 percent. 
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Personal Income
Current Numbers:
  • November 2013: 0.2 percent (personal income)
  • October 2013: -0.1 percent (personal income)
Next release: January 31, 2014
Monthly data: In November 2013, real disposable personal income increased 0.1 percent.

Personal Income: Real Disposable Income and Real Consumer Spending Graph

Personal Income: Real Disposable Income and Real Consumer Spending Graph




: #990000; font-family: Arial, Helvetica, sans-serif; font-size: large; font-weight: bold;">


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Home Prices
The Business Insider
Here's a look at the trajectory of home prices since 1998:
october case shiller home prices

S&P Case-Shiller
The S&P Case-Shiller 20-city home price index climbed 1.05% month-over-month (MoM) in October. On a year-over-year basis, home prices were up 13.61%. 
On a non seasonally adjusted basis however home prices were up 0.2% on the month. This beat expectations for a 0.95% MoM rise and a 13.45% YoY (Year over Year) rise. This was the biggest gain since February 2006. 
Meanwhile, September home prices were modestly revised down to show a 0.98% MoM rise, and a 13.25% YoY rise. This compares with an initial reading of a 1.03% MoM rise, and a 13.29% YoY rise.


CNBC


On December 21, 2014 CNBC interviewed Robertt Shiller, co-founder of the Case-Shiller Index. 

Housing prices have been rising since early 2012, and a rebound in the sector has helped the U.S. recovery gain steam. 

Shiller posits the nation may be on the path towards another Housing Bubble.

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Industrial production 

Industrial production picks up

November industrial production rose much more than expected (+1.1% vs. +0.6%), led by a 0.6% increase in manufacturing production, which is up at a 5.1% annualized rate in the past 3 months. Industrial production has now reached a new all-time high. The contrast between the vitality of the U.S. economy and the ongoing struggles of the Eurozone economy (see top chart above) is stark, and can also be seen in the significant outperformance of the U.S. equity market (see chart below). 
We will leave our 2013 review at this point.  There are other economic indicators that show an improving economy; we feel we have covered the key indicators.      
Have you noticed even one GOP politician mention the US economy?  It appears the GOP has left the US Economy out of its political "Playbook."   
If you have read this far, you haven't left the US economy out of your thought processes.
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