Right-wing media figures are urging Republicans to refuse to compromise on budget and taxes, action that would induce automatic government budget cuts and broad tax increases and herald another recession. But economists agree that a budget deal needs to include some tax increases, which would significantly raise revenue, and that more revenue must be part of a balanced solution to lowering the deficit.
As part of its ongoing effort to fight tax increases on the wealthy, Fox News figures have suggested that ending the Bush tax cuts for the wealthy wouldn't affect the deficit because that money would only run the government for eight and a half days. But economists agree that ending these tax cuts would raise a significant amount of revenue and that more tax revenue must be part of balanced approach to reducing the deficit.
Fox attacked unions over the liquidation of Hostess Brands after negotiations with its bakers union failed, but Fox ignored the fact that the company faced myriad financial problems. Similarly, Fox attacked Wal-Mart employees for striking, but failed to acknowledge the workers' concerns. Fox has run a long-standing campaign against unions.
Fox hosted serial health care misinformer Betsy McCaughey to push false and misleading claims about health care reform, following announcements from some Republican governors that they have decided not to create state-run health insurance exchanges.
Fox News tried to undermine President Obama's tax plan by pushing six debunked tax myths in advance of negotiations on how to avoid a series of automatic tax increases and spending cuts. In reality, Obama's proposal to let tax cuts for wealthy Americans expire will grow the economy and is supported by a majority of Americans.
Fox News is distorting Sen. John Kerry's record in an attempt to discredit his possible nomination as Defense secretary. But Fox's criticism is based on the misleading and false claims of a disgraced 2004 Swift Boat campaign against Kerry and on the misrepresentation of past Kerry remarks.
Fox's Bret Baier misleadingly cited recent polling to falsely imply Americans are evenly split on whether income taxes should be raised for the wealthy. In fact, 60 percent of voters support some form of increase in income taxes.
During a report on Friday previewing President Obama's speech on the economy and his administration's plan to work with Congress on solving the fiscal crisis, Baier suggested Obama would argue that the election "sent a message" that Americans "are for this balanced approach, to have the wealthy pay their fair share."
Baier then cited election-night polls that he said did not show "a definitive answer" as to how voters feel about raising taxes on those making more than $250,000 -- which is part of Obama's solution to the economic crisis. Baier stated: "On the question of -- on income tax rates, you have 47 percent wanting an increase for only those above $250,000, 35 percent no increase, on tax increases, and 13 percent for increase for all." He concluded: "So basically, 47 percent want 250,000, or above and 48 percent don't raise them at all or raise them for everyone."
He concluded: "So, you know, if you look at the exit polls, there's not really a definitive answer."
Fox is criticizing the Obama administration's Hurricane Sandy relief efforts by comparing them to the Bush administration's response to Hurricane Katrina. In fact, there are few similarities between the responses, and the Obama administration's response to Sandy has been widely praised by members of both parties.
Fox News revealed its closing argument against President Obama, which consisted of a falsehood-laden attack on the president's record.
In April 2009, a mere three months into President Obama's term, Fox News manufactured the mythical talking point that while overseas on a European tour that month, Obama apologized for America. Since then, this lie has been echoed by virtually every Fox News personality and other conservative media figures, as well as by Republican presidential candidate Mitt Romney.
Not only has Romney made the false charge in campaign speeches and ads, he also repeated the lie during the last presidential debate on October 23. But even though fact-checkers and media analysts have persistently pointed out that Obama has never issued an apology for America, Fox's three-year attempt to hide the truth goes on.
Here's a look through the last three years of the "apology tour" myth that Fox News built: