Economy

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  • NY Times Highlights New Evidence That Obamacare Reduces Medical Debt, Benefits Public Health

    Blog ››› ››› ALEX MORASH

    The New York Times highlighted a new study showing states that expanded Medicaid under the Affordable Care Act (ACA) saw noticeable improvements in public health outcomes relative to states that did not enact the expansion -- adding to mounting evidence debunking right-wing media paranoia about the inevitable demise of Obamacare.

    On August 9, the Times reported that a new article in JAMA Internal Medicine -- a subsidiary of The Journal of the American Medical Association (JAMA) -- points to the ACA as a component in improving American public health through Medicaid expansion and increasing access to health care. The newspaper noted that this report comes after multiple studies have shown the ACA has been reducing Americans’ medical debt and encouraging more Americans to see a doctor for regular preventative services -- showing that the law is effective at accomplishing its goal of assisting Americans’ access to quality health care. From The New York Times:

    A few recent studies suggest that people have become less likely to have medical debt or to postpone care because of cost. They are also more likely to have a regular doctor and to be getting preventive health services like vaccines and cancer screenings. A new study, published Monday in JAMA Internal Medicine, offers another way of looking at the issue. Low-income people in Arkansas and Kentucky, which expanded Medicaid insurance to everyone below a certain income threshold, appear to be healthier than their peers in Texas, which did not expand.

    [...]

    Their survey found people in Arkansas and Kentucky were nearly 5 percent more likely than their peers in Texas to say they were in excellent health in 2015. And that difference was bigger than it had been the year before.

    No two states are exactly the same, of course. There are many differences between Texas, Arkansas and Kentucky, besides their decisions on this part of the Affordable Care Act. The authors cautioned that their results can’t prove that Medicaid expansion caused people to be healthier.

    These findings come one month after JAMA published an article President Obama wrote about the accomplishments of his signature legislation since it became law in 2010. The president’s article, the first scholarly work ever authored by a sitting president, noted that the uninsured rate has dropped 43 percent (from 16.0 percent in 2010 to 9.1 percent in 2015), that the law has contributed to greater financial security for Americans, and that it has actually led to better public health.

    These latest reports directly contradict past right-wing media fearmongering that the law would not help Americans and would ultimately fail to provide stable, affordable, and expanded access to health care. For years, conservative media promoted the lie that Obamacare created so-called “death panels” that would ration health care for the sick and elderly. They falsely claimed that the law would weaken the economy, fail to attract participants, have no effect on uninsured rates, significantly increase health care costs, and irrevocably undermine the fabric of society. All of the catastrophic predictions failed to materialize.

  • Economists And Experts Trash Trump’s “Nonsense” Supply-Side Economic Plan

    ››› ››› ALEX MORASH & CRAIG HARRINGTON

    Economists and tax policy experts from across the political spectrum slammed Republican presidential nominee Donald Trump’s rewritten tax and economic policy proposals, which he unveiled during an August 8 speech at the Detroit Economic Club. Fact-checkers and journalists had already heavily criticized the speech for being “detail-devoid” and “short on specifics.”

  • NY Post Columnist Fearmongers About Recession While Backing Trump Plan That Would Create One

    ››› ››› ALEX MORASH

    New York Post columnist and Donald Trump supporter Betsy McCaughey pointed to findings from Moody’s Analytics to claim that Democratic presidential nominee Hillary Clinton’s economic plan would dampen economic growth and job creation. McCaughey attempted to argue that Trump’s plan would help the economy, but she neglected to mention that Moody’s actually predicted Clinton’s plan would generate millions of new jobs and spur economic growth while Trump’s plan would cost jobs and likely lead to a recession.

  • Fact-Checkers Rebut Trump’s “Pathetic” Economic Lies In Real Time

    Blog ››› ››› MEDIA MATTERS STAFF

    Trump econ

    Washington Post fact-checkers Glenn Kessler and Michelle Ye Hee Lee rebutted Republican presidential nominee Donald Trump’s “pathetic, even embarrassing” falsehoods in real time as Trump gave an address before the Detroit Economic Club.

    Kessler has criticized the media for being reluctant to “challenge Trump when he makes a claim that already has been found to be false” and allowing Trump to make “Four-Pinocchio statements over and over again.” According to Kessler, Trump’s willingness to repeatedly lie is “off the charts.”

    As Trump attempted to “reset his campaign” with an August 8 economic speech, Kessler and Lee fact-checked his remarks:

     

  • Experts, Journalists Slam Trump’s All-Male Economic Advisory Council

    ››› ››› CRAIG HARRINGTON

    Journalists and economic experts ridiculed Republican presidential candidate Donald Trump’s 13-person economic advisory team, which was comprised entirely of white men and featured only two individuals with more than an undergraduate background in economics. Trump released the list in anticipation of a policy speech to be delivered at the Detroit Economic Club on August 8.

  • How Donald Trump Dominated Fox News' Coverage Of The Economy

    Blog ››› ››› ALEX MORASH

    According to Media Matters’ ongoing quarterly analyses of prime-time weekday cable news coverage of the economy, Republican presidential candidate Donald Trump was by far the most frequently featured guest during economic news segments in the first half of 2016. Trump used an apparent standing invitation for interviews from Fox News to fill the airwaves with misleading claims about the supposedly poor state of the economy, while dubiously promising to boost economic growth and job creation through trickle-down tax cuts and restrictions on free trade.

    In the first and second quarters of 2016, Trump has been a featured guest during a cable prime-time segment focused on economic news and policy 40 times. Trump’s presence on television dwarfed appearances by Sen. Ted Cruz (20) and Gov. John Kasich (10) -- his rivals for the GOP nomination -- as well as Democratic presidential candidates Sen. Bernie Sanders (9) and Hillary Clinton (4):

    Trump’s cable news dominance is mostly a product of Fox News favoritism, where he has appeared 36 times in the past six months -- 18 times in each quarter. During that period, Fox News aired 175 segments dedicated to the economy, and Trump appeared as a guest in over 20 percent of them. All of Trump’s appearances came during interviews on The O’Reilly Factor and Hannity:

    Fox hosts Bill O'Reilly and Sean Hannity have come under heavy scrutiny for the lavish amount of airtime they give Trump. Hannity has served as the poster boy of Fox News’ embrace of the GOP nominee, leading to him being ridiculed as a Trump “fanboy” for his fawning over the candidate. O'Reilly’s softball interviews have also been seen as embarrassing for the network, leading to accusations that Fox News lacks journalistic integrity and is merely backing Trump to boost ratings. New York magazine correspondent Gabe Sherman reported on May 17 that, "According to one Fox News producer, the channel's ratings dip whenever an anti-Trump segment airs.”

    With Trump being treated with kid-gloves by Hannity and O'Reilly, he was able to use his airtime to push his extreme and unworkable right-wing agenda. Trump’s claims have received criticism from across the political spectrum; conservative Chicago Tribune columnist Steve Chapman slammed Trump on June 29 for his simplistic look at global commerce, which he called “a scam, skillfully pitched to fool the gullible,” and echoed criticism of Trump from economist and Economic Policy Institute (EPI) president Lawrence Mishel.

    Fox’s coverage of Donald Trump has been so biased it received special attention from Jon Stewart during a guest hosting appearance on CBS’ The Late Show with Stephen Colbert. Stewart took aim at Hannity -- referring to him only as “Lumpy” -- for his blatant hypocrisy in supporting Trump. This obvious turn around led Stewart to lament that "I’m sure it’s easy for people without ethics or principles to embrace someone who embodies everything that they said they hated about the previous president for the past eight years":

  • Wash. Post Editorial Board Lauds U.S. Women’s Soccer Team’s Fight For Equal Pay

    Blog ››› ››› MEDIA MATTERS STAFF

    The Washington Post editorial board highlighted the U.S. women’s national soccer team’s effort to fight “discouraging” gender pay inequality as the 2016 Summer Olympics begin in Rio de Janeiro.

    In March, five members of the women’s soccer team filed a wage-discrimination action against the U.S. Soccer Federation with the Equal Employment Opportunity Commission. The action cited figures showing that, despite generating nearly $20 million more revenue last year than the U.S. men's team and having more success in the World Cup, the women were paid four times less than the men. Right-wing media criticized the action, claiming the pay gap could be attributed to men’s sports being “more interesting” and falsely claiming the women’s team doesn’t “bring in much revenue.” Conservative media repeatedly downplayed soccer’s gender pay disparity even before the complaint, claiming women’s soccer had smaller viewership.

    In an August 4 editorial, The Washington Post editorial board highlighted how the U.S. women’s national soccer team’s “most recent quest for Olympic gold” in Rio de Janeiro coincides with the team’s campaign for equal pay. The board explained that the women’s team “brought in more revenue than the men’s team did last year, earning $23 million to the men’s $21 million,” and urged the men’s team to “put some pressure on the federation by endorsing equal pay for their fellow American footballers.” The board wrote the pay gap was “discouraging not only for fans of women’s soccer but also for anyone who values equality of the sexes.” From the editorial:

    ON WEDNESDAY, the highly decorated U.S. women’s national soccer team began its most recent quest for Olympic gold, but that’s not the only contest its members face. The players recently launched a public campaign for equal pay, using their widely followed social media platforms to advertise gender inequities the U.S. Soccer Federation chooses to ignore.

    [...]

    By taking their fight public, the women should generate more interest — especially if the team adds another gold medal to its collection in Rio de Janeiro. But that may not be enough to tip the scales. Although the federation says it strongly supports women’s soccer, its president, Sunil Gulati, has yet to appear at a bargaining session. Perhaps the U.S. men’s team members could put some pressure on the federation by endorsing equal pay for their fellow American footballers.

    Unequal pay for female athletes is often attributed to lower revenue production. That’s the case in professional soccer, where National Women’s Soccer League salaries are embarrassingly low because the league lacks the ticket sales Major League Soccer enjoys. However, the narrative changes with America’s international soccer teams. Not only is the U.S. women’s team the most dominant team in the history of its sport, but it also brought in more revenue than the men’s team did last year, earning $23 million to the men’s $21 million. In the next fiscal year, the women are projected to generate $8.5 million more than the men. Though the federation argues that the U.S. men’s national team made more than the women did in past years, thus meriting the men’s higher per-match compensation, the federation did not reverse the practice when the women’s earnings surpassed those of the men.

    Further, unlike with the professional leagues, the national teams share a single employer — U.S. Soccer. According to Jeffrey Kessler, the players’ attorney: “One employer may not discriminate between its male and female employees under the law. Legally, they are required to provide equal pay for equal work.”

    The U.S. Soccer Federation’s failure to close the wage gap — a familiar reality for women of all vocations — is discouraging not only for fans of women’s soccer but also for anyone who values equality of the sexes.

  • STUDY: Brexit Crisis Forces Cable And Broadcast News To Host Economists

    Economists Made Up More Than 7 Percent Of Guests In The Second Quarter Of 2016

    ››› ››› CRAIG HARRINGTON & ALEX MORASH

    Economic news in the second quarter of 2016 bore striking similarities to trends established in the first quarter, as the presidential candidates’ economic platforms increasingly shaped the news. Coverage of inequality slipped from a high point last quarter, but the unprecedented economic crisis created by the United Kingdom’s so-called “Brexit” referendum did boost participation from economists to the highest point ever recorded by Media Matters.

  • WSJ Op-Ed Bizarrely Claims Lifting Wages Will Increase Teenage Crime

    ››› ››› ALEX MORASH

    Repeatedly discredited anti-minimum-wage researchers took to The Wall Street Journal opinion pages to claim raising the minimum wage in Pennsylvania would lead to job losses and force teenagers to “seek income elsewhere” by taking up a life of crime. The authors failed to mention research demonstrating no relationship between raising the minimum wage and job losses, nor did they mention that teenagers make up less than 20 percent of minimum wage workers.