Fox Business

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  • Right-Wing Media Slam Student Loan Assistance, Calling It A “Con” And A “Bailout”

    Blog ››› ››› ALEX MORASH

    The Wall Street Journal’s editorial board joined a chorus of right-wing outlets in blasting the federal government’s income-based student loan repayment program, calling it a costly “con” meant to “buy millennial votes.” Yet right-wing media are ignoring the benefits of a program that could relieve millions of student borrowers of a portion of their remaining debt and that is still generating a profit.

    Right-wing media lambasted the Department of Education and student borrowers after the Journal reported on November 30 the latest findings from the Government Accountability Office (GAO), which found that the government is on track to forgive $108 billion of $352 billion in student loans as part of federal income-driven repayment plans. The Journal’s editorial board blasted the government on December 1, calling the latest findings proof that the Department of Education’s loan program is a “con” designed to “buy millennial votes.” (The editorial column was the Journal’s second since November 1 lamenting the federal program, which has led to millions of students earning student loan forgiveness.) Earlier that day, Fox News host Jon Scott questioned if the program was a “bailout” for student borrowers. Fox Business host Stuart Varney also called the program “a bailout” on the November 30 edition of Varney & Co., while his guest Steve Costes added that the program is “a shame.”

    Federal student loan borrowers have multiple repayment plan options, including income-based plans that require borrowers to pay back loans based on a percentage of their income for a certain number of years, after which the remainder is eligible to be forgiven. The GAO’s findings were for the hypothetical cost in loan principal forgiveness for the 5.3 million borrowers who signed up for income-based repayment plans for loans issued over a 22-year period, between 1995 to 2017. These borrowers will likely see an average of $21 forgiven for every $100 in loans received. Despite right-wing media complaining about the cost of borrower relief for those on income-based payment plans, the GAO found that the Department of Education still nets a profit on student loans.

    The reason the government still makes a profit even after loan forgiveness is because many federal student loans have an interest rate at 6.8 percent -- a figure that is much higher than inflation or the 1 percent interest rate banks receive from the Federal Reserve. The 6.8 percent interest rate is so high that the GAO’s hypothetical borrower would pay almost double the original principal of their loan if the income-based plan had no cutoff date for forgiveness:

    Student loan debt is a leading concern among young people, with The Atlantic finding nearly 30 percent of Americans aged 18 to 29 “cited paying off student loans as their biggest financial challenge.” According to Fortune, “there is little doubt that many Millennials are struggling financially” after a survey by PwC found that 79 percent of the 42 percent of millennials that have student loans struggle to pay those loans. Evidence shows student debt can impact personal wealth, delay homeownership affect personal decisions to marry or start a family, and that it has “cripple[d] retail sales growth.” The financial stress of student loans has a “devastating toll” on borrowers’ mental health, according to Complex, which cited findings by researchers that “student loans were associated with poorer psychological functioning.”

    While right-wing media push many myths about student debt, student concerns are valid; according to a November 21 op-ed published by Investopedia, Americans with student loan debt have “a challenging road ahead of them in the present and the future” due to workers being unable to save for retirement. The op-ed, which was authored by a financial adviser, even questioned whether people with student loans "will be able to retire” at all. The increasing debt burden can even hinder career advancement as graduates can be forced to take jobs that may have no chance of wage growth or career development so they can make debt payments on time.

    Conservative media have labeled higher education as a "privilege" and suggested students ought to choose fictional cheaper colleges. Some outlets have even defended schools that take advantage of students and leave them with significant debt. But research shows college matters now more than ever, and the cost to attend is rising across the board. The student debt crisis is especially damaging for poor students and students of color, who more frequently attend cheaper open-access and community colleges and are still forced to borrow in higher numbers to pay for their education.

    Blaming students for the student loan debt crisis ignores the facts and distracts from finding real solutions to America's skyrocketing student debt burden.

  • Conservative Media Wrongly Pin Democrats' Election Losses On Climate Change Focus

    ››› ››› KEVIN KALHOEFER

    In the aftermath of the election, conservative media figures have alleged that Democratic candidates’ emphasis on climate change was a reason they lost, claiming this focus alienated or drove away voters. But numerous polls conducted in the run-up to the election indicated that a majority of Americans consider climate change an important issue and favor government action to address it, and an exit poll similarly revealed that most voters in Florida view climate change as a serious problem. While these polls indicate that a focus on climate change didn’t harm environmentally friendly Democratic candidates, a plausible explanation for why the issue may not have helped them is the lack of attention it received from the media, including during debates.

  • Trump Fanboy And Possible Administration Hire Eric Bolling’s Bigotry And Conspiracy Theories

    At Fox News, Bolling Has Pushed Racism, Anti-Muslim Views, Conspiracy Theories, And More

    Blog ››› ››› ZACHARY PLEAT & JARED HOLT

    Fox News host Eric Bolling is reportedly in discussion to take a position in the Department of Commerce in the upcoming Donald Trump administration. During his employment by Fox News -- where the self-described Trump “fan” was one of the loudest pro-Trump voices on a pro-Trump network -- Bolling has trafficked in racist stereotypes, spread fear of Muslims in America, and engaged in conspiracy theories, including the birtherism made famous by Trump.

    Bolling’s Race Problem

    Bolling: "I Don't Think There's Racism," Because We Have A Black President And Black Entertainment Channels.

    Bolling: Rappers Should Be Happy White People Are Buying “The Black” Music And “Financing Their Lifestyles.”

    Bolling: El Chapo Is "The One Mexican We Want, We Can't Get."

    Bolling Calls Obama, Holder "Race Merchants" For Defending Voting Rights Act.

    Fox's Bolling: "In America, We Create, We Make iPhones," Whereas The Chinese Make "Finger Trap[s]."

    Bolling Tweet: President Obama Is "Chugging 40's" In Ireland "While Tornadoes Ravage MO."

    [Twitter, 5/23/11; Facebook, 5/23/11]

    Bolling: "What's With All The Hoods In The Hizzy?" During the June 10, 2011, edition of his Fox Business show, Bolling teased a segment about President Barack Obama hosting Ali Bongo Ondimba, president of Gabon, by saying: "Guess who's coming to dinner? A dictator. Mr. Obama shares a laugh with one of Africa's kleptocrats. It's not the first time he's had a hoodlum in the hizzouse." In a subsequent tease, Bolling said, "Smile for the birdie," while footage of a smiling Bongo with a flashing tooth, apparently made to resemble a gold-plated tooth, was shown on-air. Bolling continued: "Our president's sitting with one of Africa's most wanted. It's not the first time he's had a hood in the big crib." Footage of rapper Common appeared on air as Bolling spoke. Bolling began the actual segment by saying: "So what's with all the hoods in the hizzy?"

    Bolling: "There's No Racial Aspect Of Profiling."

    Bolling’s Anti-Muslim Record

    Fox's Eric Bolling: "Every Terrorist On American Soil Has Been A Muslim."

    Bolling: Downtown NYC Islamic Center "May Be A Meeting Place For Some Of The Scariest Minds -- Some Of The Biggest Terrorist Minds."

    Bolling: "The People Who Flew Planes Into [The Twin Towers] Are Going To Be Represented 500 Feet Away" At The Downtown NYC Islamic Center.

    Bolling Defended GOP Presidential Candidate Ben Carson’s Objection To A Muslim Being President. On the September 21, 2015, edition of Fox News’ The Five, Bolling said, “unless you're willing to denounce Sharia law as the governing law over yourself, and anyone you oversee, I wouldn't vote for a Muslim either.”

    Bolling Defended Trump Lie About U.S. Muslims Celebrating 9/11: "I Know There Were Muslims" In The U.S. "Who Were Happy That The World Trade Center Came Down."

    Bolling Claimed The Obama Administration "Answers To The Quran First And The Constitution Second." On the September 17, 2012 edition of Fox News’ The Five, Bolling said, “the Obama administration, through all this appeasement and apologizing, answers to the Quran first and to the Constitution second.” Later in the show, Bolling said, “I have to clarify something very quickly. You remember when I said Obama, he answers to the Quran before the Constitution? What I meant was, rather than appeasing the Muslims, he should worry about free speech first. That's it. I'm done with it, and I don't want to hear about it."

    Bolling’s Conspiracy Theories

    Bolling: Border On Obama’s Long-Form Birth Certificate "Had To Be Photoshopped In." Following the release of Obama's long-form birth certificate, Bolling claimed that the birth certificate's "green border … had to be Photoshopped in." Bolling also suggested Obama's birth certificate wasn't authentic because the doctor "who signed it" didn't tell his family he had helped deliver baby Obama. [Fox Business, Follow the Money, 4/27/11]

    Bolling Repeatedly Suggested That Obama "Let" The Deepwater Horizon Rig Leak So He Could Limit Offshore Drilling. Following the Deepwater Horizon explosion in the Gulf of Mexico, Bolling suggested on the May 3, 2010, edition of Fox & Friends that the Obama administration might have "let" the rig leak before "address[ing] it." On the May 27, 2010, edition of Happy Hour, Bolling again speculated about whether Obama "let" the rig leak so he "could renege on his promise ... to allow some offshore drilling." [Fox News, Fox & Friends, 5/3/10; Fox Business, Happy Hour, 5/27/10]

    Bolling Allowed Ann Coulter To Bring Lie That Obama “Attended Madrassas”Onto Fox News. While serving as a guest host for The O'Reilly Factor on December 28, 2009, and for Fox News' Glenn Beck on December 30, 2009, Bolling hosted conservative author Ann Coulter, who falsely claimed Obama "attended madrassas" or Islamic schools. As previously reported by Media Matters, Bolling did not challenge Coulter's claims on either show. [Media Matters, 12/31/09]

    Bolling Floats Conspiracy Theory That DNC Staffer Murdered In DC “Was A Hit.” As guest host on the August 10 edition of The O’Reilly Factor, Bolling and frequent Fox News contributor Monica Crowley floated the idea that a Democratic National Committee staff murdered in Washington, D.C, was the victim of a “hit” and that there was “something more here” than what the official reports of the murder stated. “Where there is smoke, there is fire,” Bolling said. “Lots of smoke right now.” [Fox News, The O’Reilly Factor, 8/10/16]

    Bolling Claimed United Nations Was Working To Achieve "Centralized Control Over All Of Human Life On Planet Earth." Bolling adopted conservative commentator Glenn Beck’s conspiracy theory that President Obama's White House Rural Council was evidence that he was implementing a United Nations plan aimed at achieving "centralized control over all of human life on planet Earth" and then creating a new "One World Order." [Media Matters, 6/25/11]

    Bolling Thought Obama Would Conduct A Military Strike In Libya To Benefit His Re-Election. During the 2012 presidential campaign, Bolling spun a conspiracy theory that claimed that when Obama mentioned a “bump in the road,” he was talking about American deaths in Libya, and that he might conduct a military strike in retaliation for those deaths -- but really for the benefit of his own re-election. Bolling said Obama should use a military strike “for the right reasons” instead of as “a campaign event.” [Media Matters, 9/26/12]

    Bolling Claimed The Muppets Was “Brainwashing” Children With A Liberal Agenda. In 2011, Bolling speculated that the writers of the movie The Muppets were trying to “brainwash” children with an anti-oil-industry liberal agenda, asking, “Is there any Occupy Wall Street muppets?” [Fox Business, Follow the Money, 12/2/2011]

    Bolling Thought Obama Was Trying To "Bring People Closer To The Cities" To Keep An Eye On Them. In 2012, Bolling claimed that “a lot of people” think the Obama administration is conducting “a whole social engineering thing” to bring people “closer to the cities” where there are “a lot more eyeballs they can keep on them.” [Fox News, The Five, 6/1/12]

    Bolling: "Did [Soros] Know? Does He Know" About $2 Billion Petrobras Deal? During a guest appearance on Fox News' Fox & Friends, Bolling revived the false conspiracy theory that Obama arranged for an Export-Import Bank of the United States loan to a Brazilian oil company in order to enrich billionaire philanthropist George Soros at the expense of the United States. [Fox News, Fox & Friends, 3/24/11]

    Bolling Admitted Being A “Fan” Of Trump Throughout Presidential Campaign

    Daily Beast Reported That Bolling’s Colleagues Described Him As A “Trump Apologist.” The Daily Beast reported in a March 7 article that Bolling was “an unabashed Trump fan” whose colleagues have described him “as a Trump ‘apologist’ who ‘Trumpsplains’ the candidate's various offenses”:

    [Eric] Bolling himself is an unabashed Trump fan.

    The self-described "friend of [the] Trump family" has been described by his own colleagues as a Trump "apologist" who "Trumpsplains" the candidate's various offenses. Bolling's special guest for the network's New Year's Eve was none other than The Donald; and his interviews with the GOP frontrunner are games of slow-pitch softball. [The Daily Beast, 3/17/16]

    Bolling: "I'm A Fan" Of Trump. When discussing Trump's decision to sue Univision on the July 1, 2015, edition of The Five, Bolling said, "Donald Trump is just being Donald Trump on and off the campaign trail. I'm a fan." [Fox News, The Five, 7/1/15, via Nexis]

    Bolling Agrees With Greg Gutfeld's Assertion That Bolling "Love[s] Talking About Trump." On the July 24, 2015, edition of The Five, co-host Greg Gutfeld said, "You love talking about Trump." Bolling responded by saying, "No, no, I do":

    ERIC BOLLING: And so this is Friday, right? And now we're talking about this. And Martin O'Malley said, did mention this on Sunglass Sunday, right?

    [...]

    BOLLING: Five days later, because of the big Trump announcement, the big Trump hoopla that the media that's been following Donald Trump around everywhere, this was something we started to talk about on Monday.

    GREG GUTFELD: But you love talking about Trump.

    BOLLING: No, no, I do.

    GUTFELD: That's what's you talked about. [Fox News, The Five, 7/24/15, via Nexis]

    Bolling Praised Trump In Interview: "I Like What Donald Trump Is Saying. I Like What He's Doing." During an interview with Trump on the August 1, 2015, edition of Fox News' Cashin' In, host Eric Bolling praised the then-candidate, saying:

    ERIC BOLLING: Yeah, so I've come out and said I like what Donald Trump is saying, I like what he's doing. I have a lot of -- a lot of my fans supports him, my fan base says I like Donald because he says what he means, means what he says, and it's refreshing to hear it. But I get beat up, even from some people in my own tent at times, for defending some of the things you're saying. [Fox News, Cashin' In, 8/1/15]

    Bolling: Trump Is Making The Rest Of Republican Presidential Field Better. On the June 17 edition of The Five, Bolling said Trump “is making the rest of the field better because he's speaking his mind" and "he's got the rest of the field thinking":

    [ERIC] BOLLING: Well. Look, I'm not done Donald Trump's spokesperson, but I will tell you I understand where he's coming from. We need to get tough with China. We need to get tough with all the other countries that are dumping their goods into America without any fees, but if we try to sell into Brazil, we try to sell into China, Japan, some of the other developed and developing countries, they charge us a fee, a tax. So it's like this unfair trade balance that goes on. I get it. He says get tough with them.

    With regards to the southern border, we talked about it yesterday. And I had no idea what his plan was, but I suggested maybe -- I don't know, maybe telling Mexico we're going to pay you $2 less per barrel of oil. Every barrel we buy from you, all the millions of barrels per day that we buy from you and spend the money securing the border. Whether it's a fence, whether it's a moat, whatever you do. Even if it's not even a fence, even if it's a border patrol, pay the border patrol through that. Look, here's the thing. Donald Trump is making the rest of the field better because he's speaking his mind. He's talking to people who have ideas and who are angry about the way politics have been for the last 20, 30, 40 or 50 years. And then finally, someone's willing to step up and have some other ideas. Let's at least try them. Let's at least think about them. See whether or not you like Donald, but you think he can be your president or not, he's got the rest of the field thinking. I think that's a good thing. [Fox News, The Five, 6/17/15, via Nexis]

    Bolling Gushes Over Trump Family: "When The Kids Talk, It's Just, It's Amazing." On the July 18 edition of Fox News’ The Five, Bolling showered the Trump for raising “kids like that who love him the way they do” and who are “amazing” when they speak. Bolling also said Trump’s marriage seemed like “a great relationship all the way around.” [Fox News, The Five, 7/18/16s]

    Bolling Describes Himself As “A Friend Of Trump Family” In a Tweet.

    [Twitter.com, 10/2/15]

    Bolling: People Calling For Boycotts Of Trump Products Are "Economic Terrorists." On the July 2 edition of The Five, Bolling criticized those calling for boycotts of Trump's products as "economic terrorists." [Fox News, The Five, 7/2/15]

    Bolling Defended Trump After He Attacked John McCain's War Heroism. On the July 20 edition of The Five, Bolling defended Trump's remark that Senator John McCain wasn't a war hero, suggesting "it just kind of fell out of his mouth" and that Trump "wished he could take it back":

    BOLLING: Geraldo, do you really think that Donald Trump has disrespect or doesn't think that someone who is captured by the enemy and spent five years in captivity isn't a war hero? Do you honestly think that.

    RIVERA: I think.

    BOLLING: Do you think it just kind of fell out of his mouth and he, you know, he would wished he could take it back. Don't forget, the context of this was someone asked him about John McCain's service to the veterans and he said John McCain who dropped the ball as far as the veteran's administration. [Fox News, The Five, 7/20/15, via Nexis]

    Bolling Has Been Forced To Apologize For Other Inappropriate Remarks

    Bolling Had To Apologize For Asking If The First Female UAE Pilot Who Bombed Islamic State “Would Be Considered Boobs On The Ground.” Bolling had to apologize for asking if the first female pilot leading the United Arab Emirates who conducted bombing against Islamic State terrorists “would be considered boobs on the ground.” Bolling said he “got home” and “got the look” from his wife and “realized some people didn’t think it was funny at all.” [Fox News, The Five, 9/25/14]

    Bolling Forced To Apologize For Claiming Obama Was A Drug Dealer.

    [Twitter.com, 5/11/12]

  • Fox Business Spins Gallup Consumer Confidence Poll To Push “Trumponomics”

    Report Fails To Mention Only Group With A More Positive Outlook Since The Election Is Republicans

    Blog ››› ››› ALEX MORASH

    Fox Business spun the first post-election consumer confidence report to misleadingly claim economic confidence “increased sharply” after Donald Trump’s election, failing to note the confidence numbers swung based on party affiliation.

    During the November 16 edition of Fox Business’ Varney & Co., guest host Ashley Webster used the latest consumer confidence report from Gallup to push so-called “Trumponomics” as “a winning formula” for the American economy. Conservative columnist Liz Peek added that she thought the Gallup numbers showed Americans were “cheered up by the idea that Republicans have [control of all three branches of government]”:

    In reality the Gallup poll found the only Americans who are “cheered up” by Republicans having complete control of the federal government are other Republicans. Gallup concluded that Donald Trump becoming the president-elect of the United States “transformed the way Republicans and Democrats view the economy” but it was “too early to say” if these numbers will hold.

    Republicans, who had been unduly pessimistic about the economy under President Obama, substantially lifted their outlook on the economy after the election. According to Gallup, Republican opinions of whether or not the economy was getting better or worse went from -65 points before the election to +5 points after, while Democratic opinions on the same topic shifted from +26 points before the election to -1 point after. At the same time, Republican opinions of the current state of the economy also improved markedly after Election Day, with GOP opinions improving from -21 points to -5 points, while Democratic opinions sagged from +26 points to +17 points.

    Republican economic optimism may be short-lived after Trump takes office, as experts have expressed fear that his proposals for budget-busting tax cuts for the rich and unfunded deficit spending may create a short term “sugar high” followed by an economic crash. Trump’s proposals to severely restrict immigration and international commerce could create the conditions for another recession in the United States and his proposed monetary policies could imperil the financial system. The spending cuts and restrictions to vital anti-poverty programs proposed by Trump and congressional Republicans would push millions of working-class Americans into poverty, while his anti-trade policies could cost 4 million jobs.

    From the November 9-13 Gallup U.S. Daily Survey:

  • Conservative Media Attempt To Sanitize Stephen Bannon’s Ties To White Nationalism And Anti-Semitism

    ››› ››› JULIE ALDERMAN

    Conservative media are defending Stephen Bannon, who was recently appointed as President-elect Donald Trump’s chief strategist, amid growing backlash over his ties to anti-Semitism and white nationalists. While Bannon’s appointment has been hailed as a victory by white nationalists, the push to normalize Bannon was aided by major newspapers that downplayed and ignored his extreme ties.

  • There Is No Trump Mandate

    ››› ››› OLIVER WILLIS

    Mainstream and conservative media figures are echoing House Speaker Paul Ryan’s assertion that President-elect Donald Trump has “earned a mandate” with his electoral victory. But Trump appears to have lost the popular vote, and he is the first presidential candidate to win the office without winning a majority of the votes since 2000.

  • Echoing Trump, Fox Casts Doubt On FBI's Probe Into Clinton's Emails

    ››› ››› JULIE ALDERMAN

    Fox News personalities are echoing Republican presidential nominee Donald Trump’s campaign, which claimed that the FBI would not have been able to “review 650,000 emails in eight days” to cast doubt on the bureau’s probe into Democratic presidential nominee Hillary Clinton’s use of a private email server. However, experts point out that the FBI is able to do so using technology such as “automated search and filtering tools.”

  • VIDEO: Fox Freaks Out Over Clinton Appearing With Beyoncé And Jay Z

    Betsy McCaughey: "She Says F Me Hard And I'll Take You To Red Lobster!"

    Blog ››› ››› MEDIA MATTERS STAFF

    Fox hosts and contributors lashed out at Democratic presidential nominee Hillary Clinton for appearing with Beyoncé and Jay Z during a Cleveland, Ohio, campaign event.

    Fox Business guest and Trump adviser Betsy McCaughey took to reciting what she believed were controversial lyrics to attack the powerful couple: "She says F me hard and I'll take you to Red Lobster!" Similarly, Fox News host Sean Hannity took his shot at reading some Jay Z lyrics: "F with me you know I've got it ... You turned into the mother F-er greatest. If you feel like a pimp N-word go brush your shoulders off." Appearing on Fox Business, Todd Starnes claimed that Clinton was a hypocrite for appearing with the cultural icons, saying that Clinton "portrays herself as a sanctimonious church lady in a white pant suit, but when the lights go down she turns into this political party girl doing the diva twist and shout. And I think people are starting to see through that."

    Check out those and other highlights here:

    Fox figures are no strangers to hating Beyoncé (and Jay Z), particularly after she released music this year that commented on police brutality and performed in 2014 in front of the word "feminist."

    Video by John Whitehouse

  • Fox Spent All Morning Lying About The Jobs Report To Boost Trump

    ››› ››› CRAIG HARRINGTON

    Both Fox News Channel and Fox Business dedicated significant portions of their morning programing to misleadingly portraying the Bureau of Labor Statistics' (BLS) employment report for October 2016 as an "underwhelming" and "lukewarm" sign for the health of the American economy. While Fox was portraying this supposed economic weakness as a boon for Republican presidential nominee Donald Trump's election hopes, credible media outlets and economic experts were reporting that the jobs report actually showed a national economy that has been steadily improving over the past seven years.

  • Right-Wing Media Attempt Last-Ditch Effort To Smear Raising The Minimum Wage In Four States

    Blog ››› ››› ALEX MORASH

    As four states appear poised to pass ballot initiatives to raise their minimum wages, right-wing media are launching an eleventh hour smear campaign falsely claiming that a wage increase will kill jobs and hurt workers.

    On November 8, voters will decide in four states -- Arizona, Colorado, Maine, and Washington -- whether or not to raise their state’s minimum wages. While none of the states go as high as $15 per hour, three are pushing for $12 per hour with Washington proposing a $13.50 hourly wage by 2020. If all four states raise their minimum wages it would boost pay for over 2 million workers. As Thinkprogress reported, recent polling shows all four states are on track to approve these initiatives, with Arizona seeing 58.4 percent support, Colorado 55 percent, Maine 57 percent, and Washington 58 percent.

    In an attempt to dissuade voters from approving these popular initiatives, Michael Saltsman, the research director of the business front group Employment Policies Institute, attempted to push false claims about the minimum wage in The Wall Street Journal on November 3. Saltsman cherry-picked from a Congressional Budget Office (CBO) report to claim a proposed federal minimum wage increase “would cost the country a half-million jobs” and he pointed to a study by researchers at the University of Washington on Seattle’s phase-in of a $15 per-hour wage to claim the city had seen a loss of employment.

    Saltsman failed to mention that the CBO report also found a federal minimum wage increase to $10.10 per hour in 2016 would have boosted net income by $2 billion, raised wages for more than 16 million workers, and lifted 900,000 Americans out of poverty. Furthermore, the CBO’s director at the time, Douglas Elmendorf, made clear in testimony before Congress in March of 2014 that while the CBO considers a wide range of effects on employment, it did not analyze potential job growth from the greater consumer demand created by higher incomes as a result of raising the minimum wage.

    Saltsman also did not mention that the study by researchers at the University of Washington ultimately found the Seattle economy saw a “boom in job growth” over the 18 months studied. And when researchers attempted to predict what potential job growth might look like for Seattle without raising wages, researchers found the city created 99 percent as many new jobs with a wage increase than it might have without.

    The last minute campaign against raising the minimum wage was also pushed on Fox Business’ Varney & Co. on November 4. Fox host Stuart Varney proclaimed the far-right view that “I just don’t think you should legislate wages period” and guest Anthony Scaramucci claimed raising wages is “a real problem for the youth and this is the reason why you've got [a] 60 percent increase in African-American unemployment in the inner cities.” Scaramucci’s opposition to the minimum wage matches the stance once espoused by Republican presidential nominee Donald Trump, for whom he serves as a prominent fundraiser. Trump claimed during the GOP primary that “wages [are] too high” when asked to offer his opinion on raising the minimum wage.

    This last-ditch effort follows an October 28 report from the conservative American Action Forum (AAF) that claimed raising wages in these four states would cost 290,000 jobs. The AAF claim was picked up by both the The Washington Examiner and The Washington Free Beacon. But AAF based its models on a 2015 study by economists Jonathan Meer and Jeremy West that did not actually predict hard job losses. According to the August 2015 study by Meer and West, raising the minimum wage could lead to a reduction in potential job growth but would not lead to "an immediate drop in relative employment levels."

    Counter to right-wing media claims that raising the minimum wage hurts workers, researchers at the Massachusetts Budget and Policy Center found states that raised the minimum wage saw stronger low-wage earnings gains than states that did not raise wages. The right-wing media myth that raising the minimum wage kills jobs has been debunked by studies that found increasing the minimum wage to have a negligible effect on low-wage employment. Researchers at Cornell University found that over the past 20 years, raising the regular and tipped minimum wage for workers in the restaurant and hospitality industries has "not had large or reliable effects" on the number of people working in those industries. Researchers at the University of California, in a March 2015 report for Los Angeles on how a $15.25 minimum wage would affect that metro area, actually found “employment changes" would be "quite small when compared to projected job growth of 2.5 percent a year in the city," and it estimated that the cumulative effect would be an increase of “5,262 jobs by 2019 at the county level.”

    Right-wing media have a history of attacking the minimum wage, giving business executives a platform to push myths about the minimum wage and bemoan the labor victories of workers. Despite the onslaught of misinformation about minimum wages, a majority of Americans support raising the minimum wage and appear to be rejecting right-wing media myths.

  • Fox Misleadingly Spins Solid October Jobs Report As A Win For Trump

    Maria Bartiromo: “People Were Expecting A Lot Better, So This Actually Could Have Impact On The Voting Booth”

    Blog ››› ››› CRAIG HARRINGTON

    Fox News pulled out all the stops in its desperate attempt to frame a solid October 2016 jobs report in a negative light just days ahead of Election Day. The studio crews of Fox & Friends and Fox Business’ Mornings with Maria joined forces to misleadingly label the latest jobs report as “underwhelming” and a potential boon for Republican presidential nominee Donald Trump.

    On November 4, the Bureau of Labor Statistics (BLS) released its employment report for October, the last major government data release of the general election. The report showed the economy added 161,000 jobs last month -- a 73-month streak of monthly job creation -- as the unemployment rate dropped to 4.9 percent. The report also showed considerable positive revisions to jobs estimates for prior months, with the economy adding 44,000 more jobs in August and September than previously thought.

    The New York Times heralded the report as showing “a healthy outlook” and quoted one economist who compared the report to a golf shot “right down the middle of the fairway." CNNMoney noted that the report showed wage growth “accelerating” at the fastest monthly pace since June 2009. Jed Kolko, chief economist at Indeed, tweeted that the October report “set 3 pre-recession records” in major economic indicators, concluding, “Wow.” Kolko also noted that the gap between the official unemployment rate (U-3) and a broader measure of unemployment that includes discouraged workers (U-6), often referred to by conservative media critics as the “real” unemployment rate, is the “narrowest” it has been since the midst of the Great Recession:

    In general, news outlets and economic experts see the October 2016 jobs report as good news for the economy. MarketWatch even argued that the positive economic indicators might be enough to convince the Federal Reserve to tighten the money supply to prevent the economy from overheating.

    At Fox News, the story was different.

    Fox & Friends broke into its regular programming to simulcast a discussion with Fox Business hosts Maria Bartiromo and Trish Regan, where they framed the report exclusively as “underwhelming,” “below expectations,” and “weaker than expected.” Bartiromo claimed that “people were expecting a pretty good number ahead of the election” before Fox co-host Brian Kilmeade interjected that President Obama benefited from “good numbers” in the October 2012 report. (Fox News actually spread a conspiracy theory in 2012 that the Obama administration was forging BLS jobs data to help the president win re-election.)

    When co-host Ainsley Earhardt asked if the October report would “make a difference, come Tuesday,” Bartiromo misleadingly claimed that “this could have impact” because “people were expecting a lot better.” Regan concluded the segment by falsely claiming the economy is “in a weak environment” and not “adding enough jobs to actually start to stimulate the economy in a meaningful way.”

    Fox News has a long history of spinning the monthly jobs report to fit the network’s preconceived narrative that the economy is faltering under Democratic leadership.

    Watch the full segment from Fox & Friends here: