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:
NBC's David Gregory showed Mitt Romney claiming that President Obama said he would lower unemployment to 5.2 percent and presented this statement as representative of Obama's economic record. But independent fact-checkers have rated the charge that Obama promised an unemployment rate of around 5 percent as false and misleading.
While economists working with Obama projected in 2009 that one version of a stimulus bill would lower the unemployment to that level, the severity of the recession wasn't fully understood at that time, and Obama never promised that level of unemployment would be achieved.
While interviewing White House senior adviser David Plouffe on Sunday's Meet The Press, Gregory aired a clip of Romney saying during a stump speech that President Obama said he would "bring the unemployment rate down to 5.2 percent by now" and that "unemployment today is higher than when Barack Obama took office." Gregory said Romney's argument was that "the unemployment rate [is] higher than when the president took office."
Gregory then paraphrased Romney's message as, "if you've got anxiety about the economy, this is the president's record -- you have to be disappointed."
Romney's statement is a reference to a report produced by Obama's economic advisers in January 2009, before Obama took office, predicting that unemployment would be near 5 percent in 2012 and that it would not exceed 8 percent if the stimulus was passed. But the report was produced before the release of data showing the recession was much worse than was thought at the time.
Indeed, in August 2011, the Bureau of Economic Analysis estimated that real gross domestic product had declined by 8.9 percent during the fourth quarter of 2008 -- over twice as much as BEA's initial estimate of 3.8 percent. These revisions made the economic contraction in 2008 the worst single-quarter decline in GDP since 1958.
Estimates from the Congressional Budget Office, the White House Council of Economic Advisers, and independent economists show that Obama's stimulus plan significantly raised employment and increased GDP, and lowered the unemployment rate from the recession's peak. There are also more Americans employed now than when Obama took office in January 2009.