From the June 8 edition of Fox Business' Varney & Company:
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Some conservative media pundits suggested 2016 presidential hopeful Sen. Rand Paul (R-KY) may have disqualified himself from the presidency after his opposition to the National Security Agency's bulk phone collections program caused parts of the PATRIOT Act to lapse.
Fox personalities criticized President Obama for calling climate change "an immediate risk to our national security" during his U.S. Coast Guard Academy commencement address. But security experts agree with the president that global climate change does threaten U.S. national security.
Conservative media personalities quickly jumped to Senator Rand Paul's (R-KY) defense after his contentious Today interview with host Savannah Guthrie.
Fox hosts falsely attacked the Obama administration for pledging to reduce its carbon emissions, claiming that the U.S. is the only country doing so and that the move will prove unpopular. But 32 other countries -- which account for 58 percent of global emissions -- have already committed to reducing carbon pollution in advance of international climate change negotiations that will occur in December, and both the Obama administration's plan for reducing emissions and its intention to sign a global climate agreement are supported by more than two-thirds of Americans.
Fox News' Special Report used a story about a train derailment and oil spill in West Virginia to push for the passing of the Keystone XL pipeline, a common pattern for Fox, which has a long history of exploiting tragedies to push for the pipeline's construction.
Congressional Republicans are borrowing from years of right-wing media attacks on federal disability benefits to justify their recent attempt to snarl funding for Social Security programs.
On January 6, Republicans in the House of Representatives passed a change to legislative rules that restricts the historically routine transfer of tax money from the Social Security retirement fund to the Social Security disability program. Such transfers have helped keep both Social Security programs solvent. In practice, the rule change makes these reallocations nearly impossible by requiring that they be "accompanied by 'benefit cuts or tax increases that improve the solvency of both funds.' " As the Los Angeles Times' Michael Hiltzik explained, because the disability fund is on track to "run dry as early as next year," this could mean "disability benefits for 11 million beneficiaries would have to be cut 20%."
In a January 6 statement justifying the rule change, Rep. Sam Johnson (R-TX) called the disability program "fraud-plagued." And during a January 14 event in New Hampshire on the long-term future of safety-net programs, Sen. Rand Paul (R-KY) claimed many who receive disability benefits are "gaming the system" and downplayed disabilities, saying, "over half of the people on disability are either anxious or their back hurts. Join the club."
In advance of the Federal Communications Commission's February vote on net neutrality rules, media have promoted distortions of the proposed regulations, suggesting net neutrality is an unpopular, "Orwellian" takeover of the internet that may stifle innovation, hurt the economy, and raise costs for consumers. In reality, net neutrality has broad bipartisan support, promotes competition, and has been the guiding principle behind Internet innovation since its inception.
Fox News legal analyst Andrew Napolitano branded the principle of net neutrality as "Orwellian" after President Obama spoke out in favor of an open internet for consumers.
On Monday, President Obama called on the Federal Communications Commission (FCC) to adopt the "strongest possible rules to protect net neutrality," emphasizing that "[a]n open internet is essential to the American economy, and increasingly to our very way of life."
But according to Fox's legal analyst Napolitano on the November 10 edition of Fox Business' Varney & Co, Obama just "wants to take the choice of buyers and sellers out of the market." After host Stuart Varney accused the president of seeking "to regulate the internet," Napolitano concluded that the entire principle of net neutrality "is Orwellian."
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.
From the July 31 edition of Fox Business' Varney & Company:
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 often promotes myths about student loan debt in the United States, misinforming about everything from the lack of protections borrowers receive, to the unsubtantiated claim that student loans drive up college costs, to the myth that struggling borrowers are taking a government handout. As the two-year anniversary of student debt surpassing $1 trillion takes place this week, here is a sample of the network's past student loan misinformation.
Fox Business personalities seized on reports of an oil spill in the Gulf of Mexico to push for approval of Keystone XL, ignoring the fact that the pipeline could lead to increased risk of spills near the Gulf Coast.
On March 23, Reuters reported that cleanup crews had quarantined a portion of the heavily trafficked Houston Ship Channel in response to a significant oil spill. The spill, estimated to be roughly 4,000 barrels (or 168,000 gallons), began after a tanker vessel carrying heavy fuel oil collided with a cargo ship in Galveston Bay, an estuary connected to the Gulf of Mexico.
On the March 24 edition of Fox Business' Varney & Co., guest host Charles Payne and contributor Tracy Byrnes discussed the impact that the oil spill would have as "an impediment to growing out our fossil fuel industry" by providing ammunition for environmentalists. Byrnes then pivoted, claiming that the Galveston Bay oil spill was an example of why the Keystone XL oil pipeline project should be approved.
PAYNE: Anytime we hear these kind of things, it feels like another impediment to growing out our fossil fuel industry, another thing for environmentalists to rally around, although we know accidents are bound to happen.
BYRNES: You and Sandra [Smith] said it last hour, just do the Keystone Pipeline already, create all these jobs. Enough of the nonsense, these are all distractions, that's all they are.
Neither personality addressed the fact that the Keystone XL pipeline is specifically designed to transport heavy crude to refineries and export-bound oil tankers on the Gulf Coast, precisely the scenario that could lead to more spills like the one unfolding in Galveston Bay. The problem of increased water traffic is not unknown for oil sands pipelines. In December 2013, the Associated Press reported that a planned pipeline transporting Alberta oil sands to Vancouver, British Columbia would increase local tanker traffic "nearly sevenfold."
Furthermore, Payne and Byrnes' argument in favor of building the pipeline relied on debunked claims of job creation stemming from the Keystone XL project.
Fox News has shown before that it will use any and all opportunities to promote its fossil fuel agenda and the Keystone XL proposal. The network's latest advocacy for fossil fuels comes on the 25th anniversary of the Exxon Valdez oil spill, the most environmentally devastating oil tanker spill in American history.