Fox Business

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  • Myths & Facts: The Minimum Wage

    ››› ››› ALEX MORASH

    On June 25, 1938, President Franklin Roosevelt signed the Fair Labor Standards Act (FLSA) into law and established the first nationwide minimum hourly wage. The relative value of the minimum wage has fluctuated considerably over time, but it has steadily eroded since reaching an inflation-adjusted peak in 1968 -- the $1.60 per hour wage that year would be worth roughly $11.05 today. For several years, in the face of a growing movement to lift local, state, and federal minimum wages to a livable standard, right-wing media opponents have frequently promoted a number of misleading and discredited myths about the minimum wage’s economic effects.

  • Fox Business Makes The German Cinema Standoff All About Donald Trump

    Blog ››› ››› MEDIA MATTERS STAFF

    In the middle of an unfolding standoff between police and a gunman at a movie theater in Germany, Fox Business host Stuart Varney repeatedly pivoted to promoting Donald Trump, calling the incident “a plus” for the presumptive Republican presidential nominee.

    On the June 23 edition of Varney & Co., Varney dedicated two segments to the developing situation, speculating in each that the situation might benefit Trump’s campaign. First, Varney and Fox News contributor Monica Crowley, a Trump apologist,  agreed that the situation -- initially reported as a “mass shooting” -- would “absolutely” benefit the GOP front-runner because he has “emphasized the need for strong national security policy.” 

    Next, Varney asked Andrew Napolitano, a Fox News judicial analyst, what impact the incident might have on U.S. immigration policy. Napolitano responded, “When a crisis like this happens, it should benefit Donald Trump,” because “he portrays himself as the stronger, sterner protector of our shores.” He advised Trump to “express outrage and … determination” to “one up Mrs. Clinton.” Napolitano has a history of pushing conspiracy theories and recently used the horrific mass shooting in Orlando to promote debunked right-wing media myths about gun violence. He is also reportedly a likely Supreme Court nominee, should Trump become president.    

    Trump foreign policy adviser Walid Phares echoed Fox’s promotion of the GOP candidate, saying that if the shooting was “politically motivated terrorism,” it will benefit Trump because it will prove that “terrorism is active in Europe.”

    Varney has track record of inserting praise of Trump’s foreign policy positions into his reporting. On May 19, when an EgyptAir flight crashed in the Mediterranean Sea, the Fox Business host framed the tragedy as “a plus” and “politically good for Donald Trump.” On March 22, he also let Phares erroneously claim the United States doesn’t have a vetting process for Syrian refugees, whom Trump has incorrectly labeled as a threat to national security.  

  • Fox Business Mocks Clinton's Voice In KY Speech, Ignores Her $30 Billion Plan For Coal Country

    Right-Wing Media Have Spent Years Attacking Hillary Clinton For The Sound Of Her Voice

    Blog ››› ››› ALEX MORASH

    Fox Business completely ignored the economic details of policy proposals outlined by Democratic presidential candidate Hillary Clinton during a recent speech in Bowling Green, Kentucky, including a $30 billion plan to revitalize coal country, opting instead to mock the sound of her voice.

    On May 16, Clinton gave a 31 minute speech outlining economic policy goals she intends to achieve as president, according to The Courier-Journal. These goals included “reducing college debt, raising wages of workers, giving equal pay for equal work and improving the Affordable Care Act,” as well as her “$30 billion plan to revitalize coal country.” Clinton’s coal country revitalization plan creates protections for coal miners’ pensions, ensures adequate funding for local public schools, and provides job training and small business assistance for places once dominated by coal -- an industry that has seen economic forces lead to its decline.

    Fox Business host Stuart Varney asked Gov. Phil Bryant (R-MS) to listen to Clinton’s voice during the speech and critique it during an interview on the May 17 edition of Fox Business’ Varney & Co. Varney thought “she used a Southern accent.” Bryant joked that Clinton could join the Blue Collar Comedy Tour if not elected president, and claimed that her supposed “pandering to the crowd” was “a little insulting.” At no point during the discussion did either man reference the policies Clinton actually outlined in her speech.

    Right-wing media have repeatedly attacked Clinton’s voice for nearly a decade while ignoring the substance of her remarks. Attacks against Clinton’s voice by right-wing media ranged from her volume, to her allegedly offensive Southern accent, and her supposed use of “a blackface voice” when addressing an African-American audience. A Fox contributor once suggested that Clinton would “speak with a lisp” if she attended an event hosted by the lesbian, gay, bisexual and transgender community. These sexist attacks on Clinton’s voice are well documented and attempt to distract from the content of the candidate's positions.

    Watch the full exchange from the May 17 edition of Fox Business’ Varney & Co.:

    STUART VARNEY (HOST): One more thing for you, governor. Hillary Clinton was campaigning in Kentucky, and I think she used a Southern accent, and I want you to listen to it and critique it for a second. Roll tape.

    PHIL BRYANT: Do I have to?

    [...]

    VARNEY: Alright, governor, I do have an accent myself. Would you care to critique the accent you just heard?

    BRYANT: You know, if she doesn't get elected president, there may be an opening on the Blue Collar Comedy Tour for her with that accent. We'd have to get her a little better jokes, but of course it's a little insulting to hear that type of thing happen. But, she’s pandering to the crowd, Stuart. Some politicians do it, I won't hold that against her too much, and she needs to work a bit on it and maybe throw a “y'all” in there. But what we want to hear is what she is going to do about appointing Supreme Court judges [sic]. She’s been silent on that issue so far, and I’d like to hear if it’s going to be a Bernie Sanders, or who some of her Supreme Court nominees may be when she gets to be president of the United States.

  • An Extensive Guide To The Fact Checks, Debunks, And Criticisms Of Trump’s Various Problematic Policy Proposals

    ››› ››› TYLER CHERRY & JARED HOLT

    Over the course of the 2016 presidential primary, presumptive Republican presidential nominee Donald Trump has laid forth a series of problematic policy proposals and statements -- ranging from his plan to ban Muslims from entering the United States to his suggestion that the United States default on debt -- that media have warned to be “dangerous,” “fact-free,” “unconstitutional,” “contradictory,” “racist,” and “xenophobic.” Media Matters compiled an extensive list of Trump’s widely panned policy plans thus far along with the debunks and criticism from media figures, experts and fact-checkers that go along with them.