Craig Harrington

Author ››› Craig Harrington
  • Fox Business Guest Completely Dismantles Any Economic Case For Trump’s Presidency

    Robert Powell: “The Reality Is Money Doesn’t Grow On Trees”

    Blog ››› ››› CRAIG HARRINGTON

    During an appearance on Fox Business, former Economist editor Robert Powell dispelled claims from Republican presidential nominee Donald Trump's campaign that the candidate’s tax and economic policy proposals would generate at least five consecutive years of economic growth in excess of 4 percent annually.

    Powell, who is now the global risk briefing manager for the Economist Intelligence Unit, a forecasting and advisory business operated by The Economist, was interviewed on the August 24 edition of Fox Business’ Varney & Co. Host Stuart Varney opened the segment by asking for a response to Trump economic adviser Stephen Moore’s guarantee earlier this week that the massive tax cuts proposed by the Republican nominee would generate sustained economic growth far outpacing anything witnessed in the United States since 1966. Along the way, Powell poked holes in the arguments in favor of the budget-busting supply-side tax cuts Trump and other Republicans have advocated for years as a silver bullet solution to economic malaise.

    Powell mocked Moore’s guarantee, noting that “the reality is money doesn’t grow on trees,” and slammed Trump’s tax plan for promising to add trillions of dollars to the debt -- far more than Democratic nominee Hillary Clinton’s proposal might. He undermined Varney’s unsubstantiated claim that cutting taxes will kickstart economic expansion, and reminded the Fox Business audience that President Reagan actually had to raise taxes to regain revenue lost to early tax cuts. Powell noted that to make up for built-in revenue losses, the rate of economic expansion would actually have to hit 10 percent or more -- which is not a “feasible” rate of growth. Most importantly, he questioned why Varney and his Fox Business cohort are gripped with so much economic anxiety when “unemployment is 4.9 percent” and the American economy is doing “relatively well” and is “a star performer” when compared with other developed countries around the world. From Varney & Co.:

    Powell mentioned during the interview that The Economist does not believe either Trump’s or Clinton’s plan can meet Moore’s arbitrary growth threshold, stating that “we’re perfectly reasonable, and we don’t think Hillary Clinton will deliver 4 percent growth either.” But Powell did argue that Trump’s position on taxes and economic policy is “less responsible” than his Democratic opponent’s.

    Trump’s inherent lack of responsibility is why the Economist Intelligence Unit’s global risk forecast for September 2016 ranks Trump being elected president as a threat to the global economy that is as big as “the rising threat of jihadi terrorism” and “a clash of arms in the South China Sea,” the site of a territorial dispute between China and other neighboring countries, including U.S.-allied Taiwan:

    One of the things that went unsaid during the interview was how absurd it was for Varney to accept Trump’s 4 percent growth target in the first place. According to data from the Bureau of Economic Analysis (BEA), the United States has not witnessed five consecutive years of growth in excess of 4 percent in five decades. When failed Republican candidate Jeb Bush first promoted the target in June 2015, experts slammed it as “impossible” and “nonsense.” Since then, arbitrary targets of 4 or 5 percent growth have been adopted by other GOP hopefuls, including Sen. Ted Cruz (R-TX) and now Trump. For its part, Fox News has consistently fixated on setting arbitrary growth targets for the American economy in excess of 3 percent, which it claims is proof of a failed economic recovery under President Obama.

  • TV News Misses Golden Opportunity To Recognize Title IX During Rio Olympics

    Blog ››› ››› CRAIG HARRINGTON

    As thousands of athletes from around the world descended on Rio de Janeiro, Brazil, this summer to compete in the 2016 Summer Olympics, broadcast and cable news programming missed a golden opportunity to discuss the incredible legacy of the legislative reform largely responsible for the growth and success of women’s sports in the United States and around the world -- Title IX.

    One of the biggest stories coming out of the 2016 Summer Olympics was the sheer dominance of American athletes in general, and American women in particular. American swimmer Katie Ledecky and gymnast Simone Biles finished the games with four gold medals each (and five medals overall) and, at just 19 years old, they both are widely considered the most dominant athletes in their respective sports. Meanwhile, as the United States men’s basketball team struggled before coalescing in the gold medal match, the American women’s team blasted every opponent en route to a sixth consecutive Olympic championship.

    According to The New York Times, the United States brought home 121 medals from Rio, far outpacing China (70) and Great Britain (67) for first place, and became the first nation in 40 years to lead all nations in each medal category: gold, silver, and bronze. As was the case in 2012, more than half of that total medal haul (61) was won by American women, whose unparalleled athletic success would have been unlikely without the unique progressive legacy of the Title IX provision in federal education policy, which prevents sex discrimination in federally funded programs like school sports. From the Times:

    The United States is one of the few countries to embed sports within the public education system. And equal access to sports for women comes with legal protections, gained with the education amendment known as Title IX in 1972 and the Olympic and Amateur Sports Act in 1978.

    About one of every two American girls participates in sports in high school. Of the 213 American medalists in individual and team sports in Rio, according to the [United States Olympic Committee], nearly 85 percent participated in university-funded sports.

    “Those things don’t exist elsewhere in the world,” said Donna Lopiano, a former executive director of the Women’s Sports Foundation. “We have the largest base of athletic development. Our women are going to dominate, not only because of their legal rights but because women in other parts of the world are discriminated against.”

    Broadcast And Cable News Ignored Importance Of Title IX Despite Flood Of Olympic Coverage

    A Media Matters review of broadcast evening news coverage on ABC, CBS, NBC, and PBS, as well as cable evening and prime-time coverage on CNN, Fox News, and MSNBC between the days of the opening and closing ceremonies of the 2016 Summer Olympics revealed only two substantive mentions of Title IX as it relates to current or former American or international Olympians. A similar lack of interest was on display on the major Sunday political talk shows on ABC, CBS, CNN, Fox Broadcasting, and NBC.**

    A review of available Nexis transcripts from August 5 through August 21 returned 259 results mentioning the Olympics in Rio, including just two references to Title IX’s role in encouraging and supporting female athletes and women’s sports: NBC Nightly News and PBS NewsHour each mentioned the legislation during Olympic segments on August 18 and August 19, respectively. By contrast, there were dozens of mentions of American swimmer Ryan Lochte’s infamous and unsubstantiated story of being robbed at gunpoint outside a Rio gas station.

    Major print outlets including like The New York Times, The Washington Post, the Los Angeles Times, and USA Today gave Title IX special attention in 2016, but their television counterparts once again dropped the ball. Title IX was also conspicuously absent from print and television coverage of the 2014 Winter Olympics, according to a February 2014 Media Matters analysis.

    Title IX’s Global Legacy At The Olympic Games

    As noted above, Title IX of the Education Amendments of 1972, which was authored by Sen. Birch Bayh (D-IN) and Rep. Patsy Mink (D-HI) and signed into law by President Richard Nixon, has left an indelible mark on women's sports over the past 44 years. But American women aren't the only beneficiaries of the legislation; Title IX’s prohibition against gender discrimination at most educational institutions is a major contributing factor in making American universities a magnet for athletes from around the world.

    Stanford University, the most successful athletic institution in the world this year in terms of Olympic medals, produced a number of American women medalists -- including burgeoning swimming stars Ledecky, Maya DiRado, and Simone Manuel. It also produced Greek pole vault gold medalist Katerina Stefanidi. If not for Ledecky, the most successful women’s swimmer of the summer would have been Hungary’s Katinka Hosszu, an alumna of the University of Southern California. (Controversial Russian swimmer and two-time silver medalist Yulia Efimova, though not an alumna of the school, is coached by Southern Cal head coach Dave Salo.) Bahamian sprinter Shaunae Miller, an alumna of the University of Georgia, edged out former Southern Cal sprinter Allyson Felix to win gold in the women’s 400-meter. Canadian swimmer Chantal van Landeghem, another Georgia alum, took home a bronze medal in the women’s 4x100-meter freestyle relay alongside teammate and Ohio State University graduate Michelle Williams. Canadian track and field star Brianne Theisen-Eaton, who won a bronze medal in the heptathlon, attended the University of Oregon.

    This is just a snapshot of the Title IX impact that was on display at the 2016 Summer Olympics, but broadcast and cable news almost completely ignored the success story, despite offering a torrent of Olympic-centered stories and features.

    Methodology

    Media Matters conducted a Nexis search of transcripts of evening and prime-time (defined as 5 p.m. through 11 p.m.) weekday programs on CNN, Fox News, and MSNBC, and network broadcast news (ABC, CBS, NBC, and PBS) from August 5, 2016, through August 21, 2016. Media Matters also reviewed Sunday political talk shows on ABC, CBS, CNN, Fox Broadcasting, and NBC during the same time period. We identified and reviewed all segments that included any of the following keywords: olympics or rio or title nine or title 9 or title ix.

    The following programs were included in the data: World News Tonight, This Week with George Stephanopoulos, CBS Evening News, Face the Nation, NBC Nightly News, Meet the Press**, PBS NewsHour, The Situation Room, Erin Burnett OutFront, Anderson Cooper 360, CNN Tonight, The Five, Special Report, On the Record with Greta Van Susteren, The O'Reilly Factor, The Kelly File, Hannity, MTP Daily, With All Due Respect, Hardball with Chris Matthews, All In with Chris Hayes, The Rachel Maddow Show, and The Last Word with Lawrence O'Donnell. For shows that air reruns, only the first airing was included in data retrieval.

    **NBCUniversal pre-empted Meet the Press on August 14 and August 21 to air exclusive coverage of the Olympics on NBC.

  • Trump Names Serial Misinformer Betsy McCaughey To Economic Advisory Council

    New York Post Columnist’s Claim To Fame Was Having Helped Popularize Mythical Obamacare “Death Panels”

    Blog ››› ››› CRAIG HARRINGTON

    Republican presidential nominee Donald Trump announced that his campaign was expanding its so-called “economic advisory council” to include New York Post columnist Betsy McCaughey, a serial misinformer with no economic expertise and a long track record of promoting outrageous lies through conservative media.

    According to an August 11 press release from the Trump campaign, McCaughey and eight others will join Trump’s team of economic advisers, adding to a group that had been pilloried by journalists and policy experts for initially including no women and only two individuals with more than an undergraduate background in economics. McCaughey, a former one-term lieutenant governor of New York, has no background or experience in economic policy but gained considerable acclaim in conservative media in 2009 when she alleged that the Affordable Care Act (ACA) or “Obamacare” would create “death panels” to ration care for sick and elderly patients. PolitiFact awarded the “death panel” charge the inglorious honor of Lie of the Year.

    Since sparking the death panel myth in conservative media, McCaughey has been a frequent and outspoken critic of the Obama administration.

    McCaughey recently suggested that the United States was “heading into a recession” despite being unable to cite any evidence to back up her claim. She has claimed for years that Obamacare was doomed to fail and could ruin the American economy, only to be proved wrong time and again. In 2014, McCaughey became a go-to expert for right-wing outlets hoping to stoke fear about the spread of Ebola in the United States. She has even attempted to deny the scientific consensus on human-induced climate change. She has also never quite given up on her bogus lie that Obamacare would create “death panels” that enforce end-of-life decisions for American citizens. When confronted with her lies on the September 11, 2014, edition of The Daily Show, McCaughey walked off set rather than face further questioning:

  • 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.”

  • 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.

  • Weekly Standard Writer Slams Trump Over Report That He Might Consider Nuclear First Strike

    John Noonan: “Does [Trump] Understand Just How F’ing Dangerous That Is?”

    Blog ››› ››› CRAIG HARRINGTON

    A conservative national security expert and Weekly Standard writer responded with horror to a report that Republican presidential nominee Donald Trump has repeatedly asked his foreign policy advisers, “Why can't we use nuclear weapons?"

    During an August 3 interview with former CIA and NSA director Michael Hayden, MSNBC host Joe Scarborough relayed how “a foreign policy expert” advising Trump told Scarborough that Trump had asked the adviser three times, “If we have [nuclear weapons], why can’t we use them?” According to the network, Scarborough only learned of Trump’s baffling approach to the United States’ nuclear arsenal “in the last few days” before reporting it. From Morning Joe:

    Conservative national security analyst John Noonan -- who periodically writes about national defense issues for The Weekly Standard and previously served as an adviser to 2012 Republican presidential nominee Mitt Romney and to 2016 presidential hopeful Jeb Bush -- slammed Trump on Twitter. Noonan’s nuclear expertise stems from his U.S. Air Force service, including work as a missile-launch officer at a nuclear silo in Wyoming. Noonan wondered if Trump understands “how F’ing dangerous” his foreign policy stances are, hit the nominee for “undoing 6 decades of proven deterrence theory,” and lamented the position of officers down the chain of command who are “[w]ondering if they’ll soon answer to a madman”:

    Noonan was not alone in criticizing Trump’s reported interest in using nuclear weaponry. Steve Breen, an editorial cartoonist for the right-leaning San Diego Union-Tribune, mocked the nominee with a depiction of a hypothetical President Trump being physically restrained from launching a nuclear assault in response to criticism from a constituent in Wichita, Kansas:

  • 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.

  • Fox News Completely Ignores The “Mothers Of The Movement” During Democratic National Convention

    Blog ››› ››› CRAIG HARRINGTON

    As CNN and MSNBC aired the emotional Democratic National Convention tribute by mothers who lost children to gun violence or police shootings in its entirety, Fox News completely ignored the appearance “Mothers of the Movement.” The mothers seek to rebuild police-community relationships and strive to end gun violence.

    On July 26, the nine women who comprise the Mothers of the Movement gathered on stage at the Democratic National Convention in Philadelphia to endorse Democratic nominee Hillary Clinton. The women said that Clinton was a leader “who will say our children’s names” and one who “isn’t afraid to say that black lives matter” while stressing the need for criminal justice reform and “common sense gun legislation” to stem the tide of violence in their communities. Both CNN and MSNBC aired the full, heartrending remarks before concluding with a brief analysis.

    On Fox News, an outlet that has worked to demonize Black Lives Matter -- labeling it as “a hate group” and a “murder movement,” and equating it with the Ku Klux Klan -- and diminished its calls for necessary criminal justice reforms, the appearance went unmentioned.

    Rather than hearing the stories of the grieving mothers,” Fox host Bill O’Reilly continued his show uninterrupted, interviewing guests on general election polling and border security:

  • Journalists Ridicule Lack Of Economic Policy During Trump’s “Make America Work Again” Convention Night

    Day Two Of The Republican National Convention Focused On Emails, Benghazi, And Clinton-Bashing

    ››› ››› CRAIG HARRINGTON

    The second day of the Republican National Convention (RNC) was billed as an opportunity to highlight Republican presidential nominee Donald Trump’s proposals to boost job creation and economic growth. Journalists blasted the RNC and Trump campaign after the speakers ignored the economy and instead attacked Hillary Clinton over issues like the Benghazi attacks and her use of a private email server.

  • Fox Business Host Gets Visibly Angry After Guest Debunks His Defense Of The Super Wealthy

    Blog ››› ››› CRAIG HARRINGTON

    Fox Business host Stuart Varney tried to undermine a guest during a segment lamenting the Democratic Party’s supposed “move to socialism,” but his right-wing rhetoric couldn’t hold up to criticism.

    On July 14, Varney invited Occidental College political scientist Caroline Heldman -- a self-described socialist and strong supporter of Sen. Bernie Sanders’ (I-VT) presidential campaign -- to discuss Sanders’ impact on progressive politics. After a cordial start, the conversation quickly devolved as the host began shouting over his guest when she said that “there hasn’t been a radical shift to the left” in the Democratic Party. Varney became increasingly irate after Heldman argued that “Bernie Sanders isn’t even a socialist, he’s just a New Deal Democrat.” Several minutes of increasingly tense exchanges followed, during which Varney talked down to his guest, claimed that her position on taxation was “totally immoral” and “unconstitutional,” and labeled her opinions “nonsense.” He eventually turned the rest of the segment over to a Republican strategist and lobbyist who attacked Heldman after her appearance was over and she could no longer defend herself:

    This was not Heldman’s first run-in with a rude and overzealous Fox host armed with little more than contempt and partisan talking points. In April 2010, Heldman went after Fox News host Bill O’Reilly for courting “racial fearmongering” in his attacks against progressive policies. In April 2011, Fox host Eric Bolling brushed off her advocacy for expanded worker rights as “a part of our American fabric” with a thoughtless and sexist nickname: “Dr. McHottie.” A few months later, in December 2011, Heldman slammed Bolling for promoting baseless fears about in-person voter fraud. And in a March 2013 appearance on MSNBC’s Politics Nation, Heldman remarked that she had “never met a group of people who is so upset that the economy is rebounding than the folks over at Fox.”

    As for Varney’s attempt at a substantive critique of Heldman, he claimed at the end of the segment that she could not identify an example of high taxation coinciding with increased economic growth. She had provided that example, the economic boom of the 1990s under President Bill Clinton, when higher taxes did not stymie economic growth. Varney also claimed that the wealthy pay too high a share of income taxes in this country, seemingly citing a Wall Street Journal article from 2015 that says the top 20 percent of earners contribute 84 percent of income tax revenue. But many economists have argued for higher tax rates; Dirk Krueger and Fabian Kindermann even said the “optimal” tax rates for the top 1 percent of U.S. earners could be as high as 90 percent.