Fox Business host Stuart Varney admitted on air to a clear double standard on how he and Fox cover the monthly jobs report for presidents of different political parties. Less than an hour after a disappointing jobs report was released by the Bureau of Labor Statistics (BLS), Varney revealed that if a similarly “weak” report had been published under President Barack Obama, he would have castigated the president as a “failure” -- something he admittedly wouldn’t do to President Donald Trump.
On April 7, the BLS reported that the American economy added just 98,000 jobs in March while the unemployment dropped slightly to 4.5 percent. The report also revised down the number of jobs created in January and February by 38,000. Though the improved unemployment rate is the lowest in 10 years, the number of new jobs created was far lower than the 175,000 jobs economists expected for the month. Less than an hour after the report was announced, Varney called it “a very weak jobs report” but refused to lay blame on Trump. Varney admitted that, had this report come out during the Obama administration, “we would be all over them” for the supposed “failure of the president's economic policy.”
Varney repeatedly downplayed positive economic indicators during the Obama administration. Indeed, one year ago, he tried to spin the March 2016 jobs report by questioning the “quality” of the 215,000 new jobs created. Months earlier, he had claimed that 292,000 new jobs created in December 2015 were “modest by historical standards,” even though it was one of the strongest reports of the entire year and showed nearly three times the number of jobs shown in the March 2017 report.
Varney’s momentary break of character shines a light on his network’s “fair and balanced” charade, but the spectacle has been on full display since Trump took office. Fox News praised a solid January jobs report as “fantastic news,” and wrongly credited Trump for creating jobs that actually predated his inauguration. A month later, Fox personalities, including Varney, lauded a solid February jobs report as proof that Trump is simply “winning everywhere” and held it up as evidence of the “‘beginnings,’ of a potential Trump Economic Era.” Even this morning, Fox News initially declared that the same jobs report Varney described as “weak” would stand as part of “the most successful day” of Trump’s presidency.
Watch Varney’s admission on the April 7 edition of Fox Business’ Varney & Co.:
— Alex Morash (@AlexMorash) April 7, 2017
STUART VARNEY (HOST): Look, if we'd have had 98,000 new jobs in any month during the Obama administration, we would be all over them.
ASHLEY WEBSTER: Yes.
VARNEY: Failure of the president. Failure of the president's economic policy. Okay? Why shouldn't I say that now about Mr. Trump?
JOHN LONSKI: Well go ahead.
VARNEY: No, I’m not gonna do that.
LONSKI: But we haven’t had the president in office for long, and you haven’t had enough time really to put together a policy. They tried it on the health care front. Maybe they tried too quickly. Maybe that hurt them.