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  • Study: CNN's paid Trump shills made more than 500 appearances over the last three months

    The network is making a big show of its commitment to facts while paying Trump apologists to lie

    Blog ››› ››› MATT GERTZ


    Sarah Wasko / Media Matters

    “This is an apple,” begins the voice-over for an ad CNN is running as part of its new “Facts First” promotional campaign. “Some people might try to tell you that it’s a banana,” the narration continues. “They might scream banana, banana, banana over and over and over again. They might put banana in ALL CAPS. You might even start to believe that this is a banana. But it’s not. This is an apple.”

    The network’s new branding stresses that “there is no alternative to a fact” and that “opinions matter” but “don’t change the facts.”

    CNN’s campaign seems driven by the post-truth political environment. President Donald Trump and his administration lie constantly and try to undermine the credibility of other sources of information, including CNN and other media outlets. By confusing the public about what is happening, they hope to maintain power. With top White House aides openly declaring their adherence to “alternative facts,” it makes sense for credible journalists to try to rally around the need for reporting to reflect reality.

    But if CNN is truly worried about the sort of people who tell you that an apple is really a banana, the network should deal with the stable of pundits it has hired to provide viewers with knee-jerk defenses of the president. Those Trump apologists -- some of whom were previously on Trump’s payroll -- actively harm CNN’s journalism, frequently bringing panel discussions to a screeching halt with claims so dishonest they approach parody, at times drawing on-air rebukes from the network’s anchors. The pundits force the network to constantly debate whether the apple is really a banana.

    In August, media reporter Michael Calderone identified 13 pundits on the CNN payroll “who, to varying degrees, can be identified as pro-Trump”: former Republican Georgia Rep. Jack Kingston, former Virginia Attorney General Ken Cuccinelli, talk radio host Ben Ferguson, former Bush White House official Scott Jennings, former South Carolina Lt. Gov. Andre Bauer, former Trump campaign spokesperson Jason Miller, former Trump adviser Stephen Moore, former Sen. Rick Santorum (R-PA), Republican strategist Alice Stewart, former Trump campaign official David Urban, talk radio host John Phillips, former Bush White House staffer Paris Dennard and former U.S. Attorney Matthew Whitaker. Since then, the network has hired Ed Martin, former chair of the Missouri Republican Party, to round out the roster.

    As Calderone notes, the pundits are not monolithic, with some even offering criticism for the president from time to time. But on balance, the group reliably tilts discussions, often negatively impacting the ability of viewers to come away from the network’s coverage with a strong grasp of the facts.

    Over the past three months, those 14 pundits have made 510 appearances on CNN -- an average of more than five appearances a day -- according to a Media Matters review. Jennings and Ferguson have led the way, with 73 and 69 appearances, respectively. Moore, Kingston, and Stewart round out the top five, each with at least 50 appearances.


    Sarah Wasko / Media Matters

    CNN has been paying Trump shills to provide on-air commentary since the 2016 presidential campaign, apparently having learned nothing from the disastrous results.

    At the time, the network hired pro-Trump pundits like Jeffrey Lord, Corey Lewandowski, and Kayleigh McEnany, claiming that it was important to employ full-time Trump apologists to provide “balance” in its election coverage. Those pundits turned the network’s political coverage into a shit show, with segments devolving to bedlam as the network’s hosts and other contributors tried to push back against a steady stream of lies, talking points, and misdirection. The result may have attracted eyeballs, but it certainly was not a credible news product that distinguished fact from fiction.

    And those relationships ended in humiliation for CNN: Lord was fired in August after he directed a Nazi victory salute at my boss; the Republican National Committee hired away McEnany to, among other things, produce propaganda videos; and Lewandowski remained on the Trump payroll while simultaneously working for CNN until he finally quit to monetize his relationship with the president full time.

    The network has soldiered on since the election, hiring a phalanx of pro-Trump fabulists to populate its panels of reporters, analysts, and pundits. Not every pro-Trump pundit is as bad as Lord or McEnany -- from time to time, some will even offer criticism of the president. But the willingness of many of them to shill for the president regardless of the truth -- to send discussions into a tailspin by saying an apple is a banana -- flies in the face of the network’s stated “facts first” commitment.

    Ferguson, for example, has repeatedly been called out by his CNN colleagues this month for offering nonsensical diversions in discussions of Trump’s attacks on NFL players who protest racial inequality during the National Anthem. And Moore -- who typically appears on the network to lie about Trump-backed health care proposals -- on Monday derailed a CNN panel discussion about then-Fox News host Bill O’Reilly paying a hefty sexual harassment settlement by saying that the real solution is for powerful men to never be alone in a room alone with a woman. Kingston, for his part, last night attempted to make excuses for Trump’s unprecedented falsehoods, saying that “the American perception is that politicians lie” and Trump is no worse than other presidents; the rest of the panel denounced him, with anchor Don Lemon scolding him for “condoning bad behavior.”

    When major stories break, such as Trump’s string of indefensible responses to the lethal white supremacist rally in Charlottesville, VA, Trump’s CNN supporters blanket the network’s coverage. That result was a trainwreck, with the president’s shills sidelining discussions with praise for Trump’s response and dismissals of the importance of the rally.

    CNN isn’t the first major news outlet to run an advertising campaign geared around its opposition to Trumpian “alternative facts.” The New York Times sold subscriptions earlier this year with similar patter, proclaiming that “the truth is more important now than ever.” But the paper drew controversy almost immediately when it violated that commitment by hiring a climate change denier for a coveted columnist slot.

    As I noted at the time, “When you market your paper as an antidote to a worldview that is unmoored from reality, your subscribers will actually expect you to follow through. When you fail to fulfill your promise, those readers will take their money elsewhere.” Now it’s CNN taking on the mantle of bold truth teller. Perhaps the network should start by first examining its own household.

    Additional research by Shelby Jamerson.

  • Right-wing media falsely call crucial ACA subsidies "bailouts" to defend Trump's decision to halt them

    ››› ››› JULIE ALDERMAN

    President Donald Trump and right-wing media have repeatedly referred to cost-sharing reduction (CSR) payments -- a key subsidy under the Affordable Care Act that helps working class people afford insurance -- as a “bailout” for the insurance industry to defend Trump’s decision to cease making the payments. Fact-checkers have refuted the characterization of these payments as “bailouts,” and experts note that failure to make these payments could wreck havoc on the insurance industry and would end up costing the federal government billions.

  • Five guidelines for reporting on Trump's sabotage of health care subsidies

    News media face a challenge as Trump rescinds subsidies for millions of working-class Americans

    Blog ››› ››› JULIE ALDERMAN


    Sarah Wasko / Media Matters

    President Donald Trump announced on October 12 that he would be ending cost-sharing reduction (CSR) payments to insurers, which have been a crucial part of the Affordable Care Act (ACA) that have helped ensure low-income Americans can afford health insurance. During the fight over the ACA this summer, media outlets made a litany of mistakes in their health care coverage. Given the dire consequences of this latest move to dismantle the ACA, it’s increasingly important that coverage avoids a few key pitfalls.

    Do: Call this what it is -- part of a long-term effort to sabotage the health care system

    Ending cost-sharing reduction (CSR) payments is the latest move in the Republican-led effort to sabotage the ACA, and media must say so. Republican efforts to take down the ACA are nothing new, but they have been regalvanized under Trump’s presidency. A lot of the destruction Trump and his cronies have caused has been in the shadows, and that strategy has fooled the media into neglecting to mention the role of sabotage whenever anything goes wrong in the health care market.

    The ACA was doing fine before Trump got his hands on it. Despite the near constant complaints from right-wing media figures of a “death spiral,” analyses found that the Obamacare markets were “stabilizing.” Even the Trump administration’s own Centers for Medicare and Medicaid Services released a report finding stable markets in 2016.

    This sabotage really shouldn’t be surprising. Trump said he would “let ObamaCare implode,” if congressional efforts to repeal and replace the ACA failed. As Topher Spiro of the Center for American Progress wrote, “It’s now impossible for Republicans to blame Obamacare for any premium increases or insurer exits” given all the attempts to ruin the law.

    Do: Elevate experts who know what they’re talking about

    Health care is complex. There’s no need for media to muddle that complexity with falsehoods from talking heads spouting partisan lies or useless punditry. Fox News, predictably, often relies on its “Medical A-Team” to make dubious claims and lie about health care. CNN similarly has problematicexperts” whom the network often leans on for health care analysis, including Stephen Moore, who has somehow built a career on pushing shoddy predictions, misinformation, and misleading claims. Cable news also too often gives valuable time to pundits who focus on "optics" or politics, rather than policy.

    When real experts have appeared on cable news, however, these doctors, health care beat reporters, and current and former health care officials have effectively debunked misinformation and accurately explained the debate at hand. These are the kind of people media should be hosting. Tell Stephen Moore to take the day off.

    Do: Let people know how Trump’s sabotage will impact them

    Ending CSR payments is going to rattle the markets and increase costs for both the country and millions of Americans. Here are just a few reasons why:

    • HealthAffairs.org’s Timothy Jost noted that without CSR payments, “some insurers might well decide that the government is an unreliable partner and give up on the exchanges for 2018.”

    • The nonpartisan Congressional Budget Office estimated that premiums for some plans “would, on average, rise by about 20 percent in 2018 relative to the amount in CBO’s March 2016 baseline and rise slightly more in later years.”

    • And the Kaiser Family Foundation found that ending these payments “would result in a net increase in federal costs of $2.3 billion” next year compared to current projections.

    These facts should be front and center in every report and interview about Trump’s newest move. In the past, local newspapers, cable morning shows, Sunday political shows, prime-time cable news, broadcast news, and national newspapers have omitted key consequences of health care proposals from their reporting. Media should learn from past mistakes and bring attention to these consequences.

    Don’t: Fall for the conservative “bailout” spin

    Conservatives have repeatedly tried to frame CSRs as “bailouts” to the insurance industry. The problem with that is they’re wrong.

    Trump used the “bailout” spin in July:

    Fox & Friends did this morning:

    And Sen. Ted Cruz (R-TX) did the same thing on Fox News’ America’s Newsroom today:

    As The Washington Post Fact Checker explained, “A bailout means a company is being propped up with government money after making bad decisions. That’s not the case here.” Additionally, according to the Commonwealth Fund, the payments are reimbursements the federal government gives to insurers for providing subsidies that include “lower copayments and deductibles for people in households earning between 100 percent and 250 percent of the federal poverty level.”

    Republicans want people to think these payments are bailouts, because that sounds a lot more scandalous than helping low-income people buy insurance. Media shouldn’t adopt that frame.

    Don’t: Let Republicans off the hook for their hypocrisy

    Many of the ways Trump has acted to sabotage the ACA have been through executive order or unilateral action from the executive branch. Predictably, under former President Barack Obama, Republicans routinely freaked out over any executive order or unilateral action het put into place. If they come out supporting Trump’s use of unilateral action to end these payments, they should be called out as hypocrites.

    Two Republicans vocal in their opposition to Obama’s use of executive orders were Cruz and Rep. Jim Jordan (R-OH). When Cruz appeared on the October 13 edition of Fox News’ America’s Newsroom to cheer Trump’s decision to end these payments, he was not asked about this hypocrisy:

    Jordan, however, was challenged on this point during his appearance on the October 13 edition of CNN’s New Day, with co-host Chris Cuomo pressing him on his previous criticism of unilateral action by the executive branch:

    All journalists should follow Cuomo’s line of questioning when speaking to any lawmaker in the coming days who was critical of Obama’s use of executive power, especially on health care.

  • CNN is paying Stephen Moore to lie to its viewers about health care

    If you're going to give Moore air time, at least fact-check him

    Blog ››› ››› CRAIG HARRINGTON


    Sarah Wasko / Media Matters

    Discredited economic pundit and former Trump campaign adviser Stephen Moore continues embarrassing CNN during news segments with his supposed policy expertise. Media Matters compared two of Moore’s recent appearances -- one in which he appeared alongside a credentialed policy expert, and one in which he faced only an ill-prepared network host -- and found distinct differences in the tone of each discussion. These differences demonstrate the dangers of news outlets continuing to rely on unscrupulous hangers-on from the Trump administration to comment on policy issues.

    Over the years, Media Matters has chronicled Moore’s shoddy predictions, intentional misinformation, and misleading claims. Despite ample evidence of Moore’s gross incompetence as an economic analyst, CNN still hired him in January under the guise of “senior economics analyst” to serve as a sort of in-house surrogate for the Trump administration. Moore has spent his time at CNN undermining his colleagues and embarrassing his network while ceaselessly parroting the Republican Party’s agenda. His shameless defense of the president’s unfounded reasoning for withdrawing from the Paris climate accord even led Columbia University economist Jeffrey Sachs to blast CNN on its own program for maintaining a relationship with the pundit.

    Moore’s two appearances late last week underscore how problematic he is as an employee of a news network and reveal how CNN ought to handle his future appearances.

    During the July 13 edition of CNN’s Anderson Cooper 360, Moore was interviewed alongside University of Chicago economist Austan Goolsbee about the Republican-led Senate’s floundering proposal to repeal and replace the Affordable Care Act (ACA). Moore opened the segment by endorsing an amendment authored by Sen. Ted Cruz (R-TX), which experts believe would restrict coverage options and increase costs for Americans living with pre-existing conditions. He misleadingly blamed the ACA for increasing health care costs -- prices are actually "rising at historically low levels" since the law went into effect -- and encouraged the use of so-called “catastrophic” insurance policies, which provide limited packages to young individuals at low cost and are considered inadequate by health care experts. Luckily for CNN viewers, Goolsbee -- a former chairperson of the Council of Economic Advisers and college debate champion -- was there to provide pushback to these false and misleading claims:

    Compare Goolsbee’s repeated fact-check of Moore’s misstatements to another Moore appearance in which CNN did not host an economic policy expert to counter the conservative pundit.

    On the July 14 edition of CNN’s Wolf, Moore sat for an interview with guest host Jim Sciutto, the network’s chief national security correspondent, to discuss the same topics and was allowed to promote his right-wing agenda virtually unchallenged. Moore falsely claimed that catastrophic health insurance plans could save middle-class families thousands of dollars and got away with an unsubstantiated guess that politically, the GOP bill’s reduction of insurance premiums outweighs the fact that it would strip coverage from 22 million people. When Sciutto questioned him about the fact that repealing ACA would harm millions of Americans who receive Medicaid, Moore promoted the right-wing lie that “Medicaid is one of the worst insurance systems” and low-income Americans would be better off without it. Sciutto did not challenge Moore when he falsely claimed that the ACA repeal process in 2017 is “déjà vu all over again” compared to how the law was passed in 2010 when, according to Moore, then-President Barack Obama “had to buy those last couple of votes in Senate to get there.” In reality, the ACA passed 60-39 with the support of every Democrat in the chamber, whereas the current Senate bill has yet to get 50 supporters among 52 Republican senators:

    Moore’s partisan talking points can be easily unraveled by competent analysts and experts; his attempt to promote the same right-wing fallacies about health care was rebutted by health care expert Andy Slavitt during the July 10 edition of New Day. In fact, his dissembling can be easily countered if the interviewer is adequately prepared. But since Moore is a professional misinformer who has spent years honing his craft, if an interviewer is ill-prepared, the segment can quickly devolve into Moore amplifying his routine talking points, which serve only his conservative political agenda.

  • Stephen Moore Still Doesn’t Understand Employment Numbers: Coal Edition

    Blog ››› ››› KEVIN KALHOEFER

    Discredited economic pundit and former Trump campaign adviser Stephen Moore has been employing his longstanding practice of misrepresenting jobs data to hail President Donald Trump for a non-existent resurgence of coal mining jobs.

    Employment in the coal industry has been mired in a decades-long decline due to advances in mining technology, increased automation, a shift toward mountaintop removal, and competition from natural gas and renewables. Not surprisingly, numerous experts and industry observers have called Trump’s promise to put coal miners “back to work” by unraveling environmental protections an empty one. From the Federal Reserve Bank of St. Louis:

    But according to Trump’s former economic adviser Stephen Moore, coal mining’s implausible comeback is already here. Since Trump issued his executive order to roll back Obama-era environmental protections and begin “withdrawing and rewriting the Obama-era Clean Power Plan” regulating coal-fired power plants, Moore has misrepresented jobs data to claim Trump is already bringing back lost coal mining jobs.

    In an April op-ed published in The Washington Times and The American Spectator, Moore wrote:

    Buried in an otherwise humdrum jobs report for March was the jaw-dropping pronouncement by the Labor Department that mining jobs in America were up by 11,000 in March. Since the low point in October 2016 and following years of painful layoffs in the mining industry, the mining sector has added 35,000 jobs.

    What a turnaround. It comes at a time when liberals have been saying that Donald Trump has been lying to the American people when he has said that he can bring coal jobs back. Well, so far he has.

    Yet those 11,000 jobs referenced in the Bureau of Labor Statistics’ (BLS) March jobs report were not coal jobs, as Vox explained (emphasis added):

    Coal mining, another big revitalization promise from Trump, is an even weaker story. The latest jobs numbers for the mining industry overall look promising, with employment steadily increasing and 11,000 new jobs created in March. On closer inspection, though, most of these jobs are in the category of “support services.”

    In other words, these aren’t the coal jobs that Trump promised to bring back. These are mostly jobs related to fracking, such as those required to install and maintain equipment needed to drill for oil and natural gas, says Dean Baker, co-director of the Center for Economic and Policy Research in Washington, DC. When oil prices rise, which has been happening in recent months, fracking activity increases too.

    Nonetheless, Moore doubled down on his misleading claim following the BLS’ April jobs report, writing in a May 9 Breitbart op-ed, “Well, coal is back. The latest jobs report says that 8,000 more mining jobs were added in April. That brings the grand total to more than 40,000 new mining jobs since the election of Donald J. Trump. Does this sound like an industry in decline?”

    Moore once again ignored that the vast majority of those jobs were created in categories other than “coal mining.” Had Moore bothered to look at the actual coal mining jobs category, he would know that figure had only grown by approximately 200 and it has barely moved since Election Day.

    Even if there were an uptick in coal mining jobs, Vox makes clear that Trump “couldn’t take credit” for that increase since it’s still too early to see any impact from the Trump administration’s policies.

    This sort of misleading economic analysis has long been Moore’s calling card and illustrates why The Kansas City Star decided to stop publishing Moore’s op-eds in 2014 after a similar series of statistical games (though Moore’s divorced-from-reality economic analysis is still good enough for CNN). Moore’s false pronouncements of a Trump-inspired coal comeback are just more of the same.

  • CNN’s Stephen Moore Accidentally Confirms Trump Was Lying About Commitment To Protect Medicaid

    Moore: Medicaid Cuts Were “Central To Our Plan All Along,” Contrary To Trump’s Public Statements

    Blog ››› ››› CRAIG HARRINGTON

    Discredited right-wing economic pundit and former Trump campaign economic adviser Stephen Moore accidentally let slip that gutting the Medicaid program “was central” to President Donald Trump’s plan to repeal Obamacare, despite the president’s repeated assertions that he would not touch the program. The statement corroborates admissions Moore made at a private event last July, when he claimed that Trump would fund massive tax cuts and reckless spending by dismantling programs that provide basic living standards for millions of Americans.

    During the May 8 edition of CNN Newsroom, Moore -- CNN’s “senior economics analyst” -- was joined by University of Chicago economist Austan Goolsbee to discuss the merits of billionaire businessman and philanthropist Warren Buffett’s argument that the Trump health care agenda amounts to little more than a tax cut for the rich funded by cuts to health care subsidies for low-income Americans. Goolsbee pointed out that Trump’s health care legislation “cuts taxes for high-income people by hundreds of billions of dollars” at the expense of Medicare and Medicaid, which Trump promised “he would never cut.” Moore interjected falsely: “He never said that we weren’t going to reform Medicaid,” arguing, “That was central to our plan all along”:

    Moore’s claim was debunked on air by co-hosts John Berman and Poppy Harlow, as well as Goolsbee, who cited Trump’s tweets and public statements as proof that he had broken his promise to protect Medicaid. Reporters who tuned in for the performance also noted Moore’s false statement. Moore accepted Berman’s correction before quickly pivoting to talking points extolling the virtues of converting Medicaid to block grants, which would also amount to a massive benefit cut for recipients.

    Moore’s secondary claim that gutting Medicaid was “central to our plan all along” drew little notice from the fact-checkers, but it sheds light on Trump’s real agenda. According to a September 7 article from HuffPost political reporter Christina Wilkie, Moore had outlined Trump’s often contradictory economic plans during a “question-and-answer session” at a private July 14 meeting of the conservative Council for National Policy (CNP) in Cleveland, OH. During the event, Moore suggested that Trump planned to pay for his costly economic agenda by removing supposedly onerous public protections imposed by the federal government and enacting “draconian public assistance reforms and cuts in social services.” Since taking office, Trump has proposed a budget and health care agenda that would fulfill those promises. As the article noted, Moore’s zeal for tearing down anti-poverty programs, including Medicaid, seems to undermine Trump’s claim that he would focus on “looking out for the downtrodden.” It also confirms that imposing this harsh agenda -- and lying about it -- was indeed “central to” the Trump team’s economic plan “all along.”

  • New Study Debunks Right-Wing Media Myth That Trump's Deregulation Will Restore Coal Communities

    Columbia University Report Outlines Market Forces Killing The Coal Industry

    Blog ››› ››› KEVIN KALHOEFER

    A new Columbia University report adds to a wealth of research disproving the right-wing media myth that President Donald Trump can bring back coal jobs and revitalize coal communities by simply rolling back environmental protections enacted by previous administrations.

    Conservative media outlets, political commentators, and Trump himself have repeatedly argued that undoing Obama-era environmental protections would reverse the decades-long decline in coal mining employment. But a new in-depth analysis published by researchers at Columbia University's Center on Global Energy Policy throws cold water on this notion, concluding, “President Trump’s efforts to roll back environmental regulations will not materially improve economic conditions in America’s coal communities.”

    The report goes into great detail about the factors behind coal’s decline. It finds that the vast majority of the decrease in coal consumption was due to market factors unrelated to federal regulations and that it is “highly unlikely US coal mining employment will return to pre-2015 levels, let alone the industry’s historical highs.” From the April 2017 report (emphasis added):

    We found that 49 percent of the decline in domestic US coal consumption was due to the drop in natural gas prices, 26 percent was due to lower than expected electricity demand, and 18 percent was due to growth in renewable energy. Environmental regulations contributed to the decline by accelerating coal power plant retirement, but these were a less significant factor. We also found that changes in the global coal market have played a far greater role in the decline of US production and employment than is generally understood. The recent collapse of Chinese coal demand, especially for metallurgical coal, depressed coal prices around the world and reduced the market for US exports. The decline in global coal prices was a particularly important factor in the recent wave of coal company bankruptcies and resulting threats to the healthcare and pension security of retired US coal miners and their dependents.

    Second, the paper examines the prospects for a recovery of US coal production and employment by modeling the impact of President Trump’s executive order and assessing the global coal market outlook. We found that successfully removing President Obama’s environmental regulations has the potential to mitigate the recent decline in US coal consumption, but that will only occur if natural gas prices start to rise. If they remain at current levels, domestic consumption will continue to decline, particularly if renewable energy costs fall faster than expected. We similarly see little prospect of a sustainable recovery in global coal demand growth and seaborne coal prices. Combining our domestic and international market outlook, we believe it is highly unlikely US coal mining employment will return to pre-2015 levels, let alone the industry’s historical highs.

    The report’s conclusion that undoing environmental protections will have little impact on coal mining employment aligns with what numerous experts and nonideological media analysts have reported. The researchers also found that the Clean Power Plan (CPP), which regulates emissions from coal-fired power plants and which Trump singled out with a March 28 executive order that rolled back environmental regulations, “played no direct role in the reduction of US coal consumption and production experienced over the past few years.” (The Obama administration announced the final version of the CPP in August 2015 but the rules were never actually implemented.)

    The report does note that the decline in coal consumption could be mitigated “if natural gas prices increase going forward,” but the impact on jobs would not be as direct. As Robert W. Godby, an energy economist at the University of Wyoming, explained to The New York Times, even if coal mines stay open, they are “using more mechanization” and “not hiring people. … So even if we saw an increase in coal production, we could see a decrease in coal jobs.”

    Notably, the Columbia report offers policy recommendations “for how the federal government can support economic diversification in coal communities through infrastructure investment, abandoned mine land reclamation, tax credits, small business incubation, workforce training, and support for locally driven economic development initiatives.”

    But perhaps just as importantly, the researchers offer the following recommendation for lawmakers: “Responsible policymakers should be honest about what’s going on in the US coal sector—including the causes of coal’s decline and unlikeliness of its resurgence—rather than offer false hope that the glory days can be revived.”

  • The Worst Economist In The World Says Trump's Tax Cuts Will Do The Impossible

    Why Does CNN Even Give Stephen Moore A Platform?

    Blog ››› ››› ALEX MORASH

    In response to reports that President Donald Trump would unveil a plan to reduce the corporate income tax rate from 35 to 15 percent, discredited economic pundit Stephen Moore rushed to praise the budget busting corporate giveaway while misleadingly claiming that the tax cuts will help pay for themselves by boosting economic activity.

    On April 24, The Wall Street Journal reported that Trump would release a tax plan on Wednesday focused on cutting the maximum statutory corporate tax rate from 35 to 15 percent -- a 20 percent cut the White House is demanding regardless of the implications it would have for the federal budget deficit. The Journal also reported that Treasury Secretary Steve Mnuchin made the unfounded claim that the tax cut will “pay for itself with economic growth.”

    Economist Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities and who served as economic adviser to former Vice President Joe Biden, called the assertion that Trump’s tax cut would pay for itself “empirically phony” and argued that there is no correlation between cutting taxes and boosting economic growth. Nobel Prize-winning economist and New York Times columnist Paul Krugman derisively referred to Trump’s trickle-down economic agenda as “voodoo economics” and laid out examples of tax cuts failing to generate growth under previous administrations. Krugman also noted that former presidents Bill Clinton and Barack Obama both raised taxes in order to generate sustainable new tax revenues without undermining the growing economy. He concluded by saying that the extreme cuts Trump would propose is the same “voodoo” Republicans have promoted for decades “with extra bad math.”

    On April 25, the conservative-leaning Tax Foundation posted an analysis of the Trump administration’s claims that the tax cut would pay for itself, concluding that the economy could not grow enough to offset the losses in revenue. According to the Tax Foundation’s charitable analysis, cutting corporate tax rates to just 15 percent would stoke economic growth by less than half as much as would be needed to make up for lost revenue and result in long-term deficit increase of at least hundreds of billions of dollars. Those conclusions follow an earlier analysis of Trump’s corporate tax proposal by the nonpartisan Tax Policy Center, which on October 18 found that Trump’s corporate tax agenda alone would reduce federal revenue by $207.6 billion in 2018 and by roughly $2.4 trillion over ten years.

    The idea that tax cuts pay for themselves has been thoroughly debunked by years of research. Yet Moore heaped praise on Trump’s plan while parroting unfounded claims that it would grow the economy and benefit all Americans. On the April 25 edition of CNN’s New Day, Moore pushed Trump’s tax plan claiming it would create a “feedback effect” leading to growth. Moore also published an op-ed in The Wall Street Journal that day promoting the plan while claiming Trump’s tax agenda would help the American economy reach the arbitrary and unrealistic 3 percent annual growth target so-cherished by conservative pundits. On the April 26 edition of New Day, Moore continued his push for the tax cuts only to be debunked by economist and former Obama economic adviser Jason Furman, who reminded Moore that “this plan would actually hurt our economic growth” by adding trillions of dollars to the federal debt reducing long-term economic growth:

    Ever since CNN hired Moore, he has harmed the network’s credibility by spewing lies about the economy while peddling whatever policies are being pushed by the Trump administration. He routinely peddles partisan economic misinformation while being debunked by more reliable experts and his only purpose at the network seems to be recycling right-wing media talking points.

  • Will Fox News Finally Take The Debt Ceiling Seriously?

    Fox Spent Years Urging Republicans To Default On The National Debt To Hurt President Obama

    ››› ››› CRAIG HARRINGTON & ALEX MORASH

    Since Republicans took control of the House of Representatives in 2011, Fox News personalities have urged them to use the threat of defaulting on the sovereign debt obligations of the United States government as a means of winning political concessions. With Republicans now in full control of Congress, will the talking heads at Fox finally come to terms with this monumental threat to the global economy and urge the GOP to raise the debt ceiling?