From the October 24 edition of Fox Business Channel's Varney & Co.:
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Fox News has repeatedly dismissed the prioritization of addressing climate change, questioning if now is the correct time to focus on it even as military experts highlight climate change as a threat to national security.
Fox News attempted to spin reports that some health insurance plans that do not meet minimum standards under the Affordable Care Act will be discontinued as a "new Obamacare bombshell" and death blow to the health care law.
The October 9 edition of America's Newsroom raised concerns over recent news that some health insurance plans not in compliance with the Affordable Care Act would be cancelled at the end of the year. Fox Business host Stuart Varney declared the cancellations to be a "political bombshell." The previous day, network host Shannon Bream called news of the cancelled plans a "new Obamacare controversy."
A headline on FoxNews.com declared that the canceled plans were evidence of an "Obamacare Death Knell":
Of course, the cancellation of plans that do not meet minimum coverage requirements was always a "part of the design of the health care law," as the New York Times explained, and meant to allow new insurance plans to be "more comprehensive and fair, with prices less variable by customers' ages and health status."
Last year, the Obama administration delayed the requirement that all plans cover a minimum standard of health benefits and medical bills, giving states the ability to allow insurers to extend existing plans that were not up to par -- something many states and insurance providers opted against. As the Washington Post reported, federal policy allows these non-compliant plans to continue through 2017 in some states, but some insurers are cancelling them now in favor of ACA-compliant plans.
Non-compliant plans which fall short of now-basic standards can be dangerous to the policy holder -- as studies show being underinsured carries many of the same risks as lacking insurance all together. As a spokesperson for the Department of Health and Human Services told the Post, those who may lose their non-compliant plans will "have access to better options through the health-insurance marketplace . . . [including] the opportunity to qualify for financial assistance to help them afford premiums and improved consumer protections."
Fox also ignored the realities of the insurance market -- these insurance plans may have been discontinued anyway. According to Georgetown University's Center on Health Insurance Reforms (CHIR), most consumers have year-long policies with health insurance companies that often changed at the end of the policy year, and "in most states insurers are allowed to increase premiums, increase cost-sharing, and/or reduce the scope of benefits covered."
Such phony outrage over discontinued plans is just the latest in Fox News' sustained campaign to undermine the ACA with misinformation, spin, and zombie lies -- despite news that the health care law has greatly reduced the nation's uninsured rate.
Fox News misled viewers about trends in household income, job creation, and the use of food stamps while claiming that President Obama's policies are to blame for a supposedly stagnant economy.
During an interview that aired on the September 28 edition of CBS' 60 Minutes, Obama argued that the United States "is definitely better off" economically than it was when he took office in 2009. The president said he would compare the success of his response to the "terrible, almost unprecedented financial crisis" that he inherited to the response by "any leader around the world."
On the September 30 edition of Fox & Friends, co-host Steve Doocy and Fox Business anchor Stuart Varney attempted to refute Obama's claim of economic achievement over the past six years, citing three major indicators -- household income, part-time job creation, and food stamp participation -- to make their case.
In each instance, Fox cherry-picked data to obscure positive trends in the overall economy:
From the September 19 edition of Fox News' The O'Reilly Factor:
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A flagship report found that acting on climate change and improving the economy go hand in hand, which was reported by business media outlets across the globe. But three prominent outliers left their audiences in the dark: CNBC, Fox Business, and The Wall Street Journal.*
On September 16, many major business media outlets from Fortune Magazine to BusinessWeek reported on a recent analysis finding that the next 15 years are essential for acting on climate change, and that it is possible to do so while simultaneously growing the global economy. The report, titled "The New Climate Economy" and carried out by the Global Commission on the Economy and Climate, refutes the "false dilemma" between economic growth and climate change mitigation -- an important finding for businesses that want to thrive in the decades ahead. From Reuters:
Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday.
Yet the report was ignored by three prominent business media outlets -- a disservice to their business audiences who deserve to know the economic risks of global warming. The outlets that ignored the findings of the "New Climate Economy" report may not come as a surprise: CNBC, Fox Business, and The Wall Street Journal all have a sordid history with reporting on climate change.
When the "Risky Business" report was released earlier this year -- another report detailing the economic costs of climate change inaction -- CNBC was caught soliciting a writer to talk about "global warming being a hoax" to rebut the report's findings. The network's on-air coverage of "Risky Business" featured Squawk Box co-host Joe Kernen criticizing the acceptance of global warming as "Orwellian groupthink." Media Matters analyses found that CNBC misled their audience on global warming in the majority of their reporting on the topic in 2013.
Fox Business also regularly offers demonstrably false reporting on global warming. Co-hosts have often claimed that global warming is over, or even that we are in a period of global cooling. When the Risky Business report was released, Fox Business mocked its findings of heat-related mortalities and dismissed the report entirely as using "scare tactics."
Similarly, Wall Street Journal dismissed the findings of the Risky Business report, with its editorial board calling one of its authors' suggestions for a carbon tax as economically harmful as the 2008 financial crisis. The Journal has downplayed and dismissed the impacts of climate change and other environmental threats for decades, and gives a frequent platform to "skeptics" that urge inaction on climate change and dismiss the basic science behind the consensus.
The New Climate Economy was heralded by political leaders around the world advocating a transformation in the global economy. By ignoring it, these outlets are showing that their priorities are at odds with businesses that want to prosper in a changing climate.
*Based on a search of internal video archives from September 15 to 12 p.m. September 17 for "climate" for Fox Business and CNBC, and a Factiva search for "climate" for Wall Street Journal.
When BP's Deepwater Horizon oil rig exploded in 2010, Fox News pundits rushed to the corporation's defense with excuses ranging from pitiful to conspiratorial. But now the ruling is out, exposing the falsities of Fox's defense: BP was to blame for the worst oil spill in U.S. history.
Fox News pundits pulled out all the stops to deflect blame from BP when the Deepwater Horizon oil rig in the Gulf of Mexico exploded in 2010, killing 11 workers and causing devastating environmental impacts. They accused environmentalists and the government for "forcing" the company to drill further from shore and touted conspiracy theories. The network berated the Obama administration for "villainiz[ing]" and "demonizing" the corporation and compared Congressional hearings on the disaster to "Soviet-style" trials and "Inca ritual slaughter":
A federal court, however, ruled on September 4 that BP was largely responsible for the disaster -- not the scapegoats that Fox News tried to pin the blame on.
Watch the difference between Fox News' spurious defense and the facts:
A federal judge assigned 67 percent of the blame to BP, concluding that the corporation acted in "gross negligence" and "willful misconduct." The Wall Street Journal reported on several instances where the court found that BP forewent safety measures in the name of profit:
Struggling with a dangerously unstable oil well in April 2010, BP chose to drill an additional 100 feet into a fragile rock formation thousands of feet beneath the Gulf of Mexico.
That decision set in motion a series of failures that led to the deadly Deepwater Horizon catastrophe and the worst offshore oil spill in U.S. history, a federal judge ruled Thursday.
"BP's decision to drill the final 100 feet was the initial link in a chain that concluded with the blowout, explosion and oil spill," Judge Carl Barbier wrote. The decision "was dangerous," he added, and "motivated by profit."
Video created by Coleman Lowndes.
From the August 25 edition of Your World with Neil Cavuto:
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From the August 21 edition of Fox News' Your World with Neil Cavuto:
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In The Wall Street Journal, Rep. Paul Ryan (R-WI) disavowed the offensive narrative pushed by conservative media which labels needy Americans as "takers" versus more economically-prosperous "makers." However, Ryan's proposed anti-poverty policies still rely on the right-wing media myth that blames poverty on poor individuals' personal life choices.
From the July 31 edition of Fox Business' Varney & Company:
Fox News misleadingly attacked the federal food stamp program for being wasteful and unaccountable despite reports that the program achieved the lowest payment error rate in its history in the most recently available data.
Fox New complained about the findings of a report from the U.S. Department of Agriculture (USDA) on quality control in the Supplemental Nutrition Assistance Program (SNAP), previously known as food stamps. The USDA report clearly states that the 2012 fiscal year was "another year of excellent performance in payment accuracy" before noting that the most recent payment error rate of 3.42 percent was once again "the lowest National payment error rate in the history of SNAP."
On the July 24 edition of Fox News' Fox & Friends, co-host Brian Kilmeade cast the findings in a negative light, stressing that "the government is overpaying on food stamps by about $2 billion." Co-host Steve Doocy then questioned whether the Obama administration could "be trusted with more money," given the overpayments. Fox Business anchor Stuart Varney went on to chastise the Department of Agriculture for labeling the food-stamp payment error rate of 3.42 percent "excellent," wondering aloud "since when has that been good?"
Fox News' mischaracterization of the SNAP report continued throughout the day. On Happening Now, co-host Jenna Lee called the USDA report "startling" and said that "the administration is having a tough time managing its funds." On The Real Story, host Gretchen Carlson claimed that federal spending on nutrition assistance was "reaching a breaking point" before highlighting the growth of participation in the food stamp program since 2007.
Far from indicating a managerial flaw in the Obama administration, the 2012 payment error rate in SNAP is evidence of success in rooting out improper payments. According to the report being derided on Fox News, the national payment error rate in SNAP during President Obama's first year in office was 4.36 percent. That error rate then fell to 3.81, 3.80, and 3.42 percent in fiscal years 2010-2012, respectively.
Rep. Paul Ryan's poverty proposal, which would in part punish impoverished Americans for not getting themselves out of poverty on a specific timeline, is based on the conservative myth pushed by right-wing media that blames poverty on individuals' "spirit" and personal life choices. Experts say poverty is the result of systemic inequality and lack of opportunity.
Fox News hosts read directly from Walmart's official corporate script to defend the company against a critical New York Times op-ed that indicated the retailer's role in perpetuating the need for government assistance programs.
On June 19, The New York Times published an op-ed calling Walmart "a big part of the problem" of rising economic inequality in the United States. Citing data from multiple sources, opinion columnist Timothy Egan noted that the average "associate" at Walmart makes between $8.81 and $11 per hour, frequently relying on government anti-poverty relief to fill income gaps. Egan noted that Walmart claims its average employee makes "at least $12 per hour," but that "these numbers are skewed by higher pay for management." Egan cited a recent exposé by Fortune senior editor Stephen Gandel detailing how the company could easily give a 50 percent raise to more than one million employees without hurting its stock value or profitability:
No matter the exact figure, there's no dispute that Walmart's business model forces thousands of hard-working people to look for outside help just to get by.
And under that model, Walmart has made a fortune -- $17 billion in profits last year, executive compensation for one man at the top in excess of $20 million a year, and a windfall making the six heirs of the founding Walton family worth at least $150 billion.
Walmart could make life easier for its 1.4 million workers, without diminishing its stock value. Writing in Fortune.com, Stephen Gandel concluded that Walmart could give workers a 50 percent raise without hurting shareholder value.
On the June 23 edition of Fox News' Fox & Friends, co-host Steve Doocy and Fox Business anchor Stuart Varney dedicated a segment to supposedly fact-checking the Times, pulling pushback directly from Walmart's officially sanctioned corporate response.
Varney called the Times op-ed "utter nonsense," and an attempt to "demonize Walmart." Ignoring that Egan acknowledged the dispute over Walmart's average hourly wage in the op-ed, Varney stated that the author "got it wrong" as he recited Walmart's more palatable average wage claim. Doocy and Varney uncritically agreed that the data supplied by Walmart was "all true" before pivoting to place blame for economic inequality at the feet of the Obama administration:
Despite Fox's unabashed foray into corporate public relations, Timothy Egan's statement holds true: "No matter the exact figure, there's no dispute that Walmart's business model forces thousands of hard-working people to look for outside help just to get by."
Fox News is ignoring economists' warnings that record student debt is a drag on the economy and attacking President Obama's plan to provide an avenue for student debt relief as a "distraction" that Fox claims will leave taxpayers "footing the bill."