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How Fox News deceives its viewers:  Brookings and home buyer credit edition

November 05, 2009 12:30 pm ET by Eric Hananoki

Yesterday, the U.S. Senate voted to renew the government's $8,000 tax credit for first-time home buyers.  Fox News' America's Newsroom - mind you, one of the channel's very serious and straight news programs - bashed the program by claiming it's so inefficient, even liberals oppose it: 

STU VARNEY:  Question, is it effective, and at what price?  I'm going to quote for you the Brookings Institution study.  Now, Brookings is left of center, they would normally be in favor of this kind of government program.  They found that if you look at the houses which were really sold because of this home buyer credit, it cost $43,000 per home.  Repeat, $43,000 per home.

That figure, by the way, is from Brookings* economic studies co-director Ted Gayer, who:

  • Served in the Treasury Department under Bush. 
  • Served on Bush's Council of Economic Advisors.
  • Was appointed to EPA committee posts by Bush. 
  • Worked for the American Enterprise Institute

So in other words, your typical liberal policy wonk. 

Now, you can certainly argue for and against the tax credit.  (For what it's worth, the Senate voted to renew the program 98-0 - something left unmentioned by Varney.)  But remember how Varney presented his criticism of the program:  'Hey viewer, I have ammunition against this big government program and it's even more powerful because it's from the liberals!'

Viewer deception, of course, is nothing new for Fox News hosts and reporters.

*Brookings has been ideologically described in a variety of ways - liberal, centrist, conservative - by news outlets.  Indeed, Fox News' Shepard Smith has called Brookings "conservative leaning" (Studio B, 6/1/09).  The L.A. Times wrote in response to the diverse ways it describes Brookings, "we should probably not be labeling" Brookings.

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    • Author by goesto11 (November 05, 2009 12:48 pm ET)
      1  
      I don't know if Brookings is left, right, or center.

      But any place that Nixon wanted to fire bomb is OK in my book!
      Report Abuse
    • Author by michaelkconnolly (November 05, 2009 1:03 pm ET)
      2  
      I'm one of the first time home buyers and my home cost $208,000. Repeat, $208,000. So how does that fit into their theory? And why is this a bad thing if the price of the house is lower?
      Report Abuse
    • Author by mk3872 (November 05, 2009 1:09 pm ET)
      1  
      This number is classic economic wonkish garbage from Brookings based on an assumption that nearly ALL homes since the program was signed into law would have sold ANYWAY without the bill.

      Gayer's making leaps and guesses about who HE thinks would have bought and closed on a home deal.

      Nice try. But I have it is quite nearly impossible to try to read people's minds ...
      Report Abuse
    • Author by DellDolly (November 05, 2009 2:06 pm ET)
      1  
      'Hey viewer, I have ammunition against this big government program and it's even more powerful because it's from the liberals!'

      This is a common practice, trying to bolster one's argument in this way. We see posters who do it all the time.

      It's never right.
      Report Abuse

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