Bill O'Reilly labeled electric carmaker Tesla Motors a failure, claiming it had net losses. But Tesla has actually turned a profit, leading Fox News to label it a "success story" just last week.
O'Reilly stated that Tesla, which received a $465 million Department of Energy loan guarantee, had "$523 million in losses." But Tesla actually made a profit in the first quarter of 2013, and has arranged to repay its loan five years early. O'Reilly's figure is from a 2011 Investor's Business Daily editorial, as Raw Story first noted. In 2011, Tesla had annual net losses of $254 million, adding to previous losses, but CEO Elon Musk always saw Tesla turning a profit in 2013 once its car production ramped up.
In fact, Fox News itself labeled Tesla a "success story," and Fox Business anchor Lou Dobbs reluctantly acknowledged that it was one of the "winners" of the Obama administration's clean energy programs.
Fox Business host John Stossel contradicted himself within just a few paragraphs over whether the "free market" can remedy pollution.
In a FoxNews.com column, Stossel acknowledged that the "free market ... doesn't offer a practical remedy to pollution," but went on tout "capitalism" as the answer to pollution just a few paragraphs later:
Originally, environmental rules were a good thing. I love the free market, but it doesn't offer a practical remedy to pollution. I could sue polluters for violating my property rights, but under our legal system, that's not even close to practical.
So in the '70s, government passed rules that demanded we stop polluting the air and water. Industry put scrubbers in smokestacks. Towns installed sewage treatment. Now the air is quite clean, and I can swim in the rivers around Manhattan.
Throughout the world, most reductions in pollution have been achieved because of capitalism, not government control.
Fracking for natural gas reduced greenhouse gas emissions.
Even much-hated coal and oil provide benefits. [emphasis added]
Stossel was right the first time. Experts from across the political spectrum say that when the "free market" does not account for the external costs that fossil fuel production imposes on society, the government must step in to put a price on pollution. As Nobel Prize winning economist Paul Krugman put it:
Externalities like pollution are one of the classic forms of market failure, and Econ 101 says that this failure should be remedied through pollution taxes or tradable emissions permits that get the price right. [...] So if you really believed in the logic of free markets, you'd be all in favor of pollution taxes, right?
Krugman highlighted a 2011 study by centrist economists which found that coal imposes more costs on society than any other industry and may be "underregulated" as its price does not account for these damages.
Fox Business host John Stossel is dismissing New York City Mayor Michael Bloomberg's proposed ban on plastic foam containers by claiming the containers are "not so bad" for the environment. But the non-recyclable containers pose health and environmental risks and impose significant costs on the city.
On Thursday's edition of Fox and Friends, Stossel said that we need not worry about waste from the plastic foam containers colloquially called "Styrofoam" because "we're not running out of landfills":
But shifting from products that end up in landfills to products that can be recycled can save the city money, and the health and environmental risks of Styrofoam are indeed "bad."
Using recyclable products rather than Styrofoam saves the city money. Even if there is room for more landfills, as Stossel claims, it will be cheaper for the city if recyclable products replace Styrofoam containers. The Associated Press reported:
It costs the city an average of $86 per ton to landfill some 2 million tons of garbage a year; by contrast, the city nets a payment of at least $10 a ton for recycling paper and about $14 a ton for recycling glass and plastic, [New York City's head of recycling, Ron] Gonen said.
Reuters added that Styrofoam imposes costs on the city's recycling program:
An estimated 20,000 tons of Styrofoam enter the city's waste stream each year, and it can add an estimated $20 per ton to the cost of recycling because it needs to be removed from the recycling stream, the city said.
The largest single source of trash, or municipal solid waste (MSW), is containers and packaging, according to the Environmental Protection Agency.
As around 70 percent of paper and steel containers, and over a third of aluminum and glass containers are recycled, replacing Styrofoam containers with these alternatives could save the city significant amounts of money.
Styrofoam can leach chemicals that are likely cancerous. The U.S. National Institutes of Health (NIH) has listed styrene as a likely human carcinogen. Polystyrene, the technical name of Styrofoam, can leach this chemical into foods, according to the NIH:
As Fox Business host John Stossel declared America's water pollution problem over, a new Environmental Protection Agency (EPA) report found that more than half of America's rivers and streams are in poor condition because of pollution.
Stossel appeared on Tuesday's edition of The O'Reilly Factor to preview an anti-environmental episode called "Green Tyranny," and claimed that the problem of pollution in the U.S. was "largely solved" and no longer worth the use of government funding.
BILL O'REILLY (host): All right. So, that's Stossel jumping in the Hudson River, showing off and all of that. And your point to jump in the Hudson River was?
STOSSEL: That we need some environmental rules. Thank goodness, we've had some when I was a kid. You couldn't open a window in the city because soot would come in.
But they've cleaned up the water. So, it used to go -- 8 million people flushing, used to go straight in the Hudson River.
O'REILLY: All right. It doesn't do that anymore. It's treated and all of that. So, the Hudson -- I mean, I wouldn't be swimming there on a regular basis, Stossel. Your mustache is gonna falll off, all right?
Yeah, you can show up and jump in there for 10 seconds but, come on.
STOSSEL: It's pretty good. My point is that they spent several hundred million dollars.
O'REILLY: Cleaning up the river.
STOSSEL: Cleaning up the river and the air.
O'REILLY: Which was worth it though.
STOSSEL: Which was worth it.
STOSSEL: But stick a fork in it. It's done. They did a great job. The air -- every time somebody buys a new car, the air gets cleaner because the old cars pollute more. But government only grows. So, now, they're spending billions of dollars on --
O'REILLY: Are you saying that the pollution problem in this country is not worth the money they're spending on?
STOSSEL: Yes. I'm saying it's largely solved. And, now, we're giving money to rich movie actors, subsidies to buy $100,000 electric cars.
Despite Stossel's claims, an EPA report released on Tuesday found 55 percent of U.S. rivers and streams to be in "poor biological condition," based on an index that measures various aquatic creatures. The report also found that 23 percent of rivers and streams were in fair condition, and just under 21 percent were in good condition. The assessment was based on "the results of an unprecedented sampling effort undertaken by the U.S. Environmental Protection Agency and its state and tribal partners" collected in 2008 and 2009 at 1,924 sites across the country. From the EPA's report:
The EPA's "National Rivers and Streams Assessment" also determined that 9 percent of waterways studied posed a danger to human health. The Associated Press reported:
In 9 percent of rivers and streams, bacteria exceeded thresholds protective of human health. And mercury, which is toxic, was found in fish tissue along 13,000 miles of streams at levels exceeding health-based standards. Mercury occurs naturally but also can enter the environment from coal-burning power plants and from burning hazardous wastes.
The assessment raised red flags particularly in urban areas. According to the EPA, 26.9 percent of the urban sites tested -- 2,970 miles of the 11,002 -- exceed the EPA quality standards for mercury (300 parts per billion in fish tissue), and 11.6% contained concerning levels of PFCs, artificial chemicals used to make used for decades to make products that resist heat, oil, stains, grease, and water. From the EPA assessment:
Two foundations that have been described as "the dark money ATM of the right" have spent more than $500,000 combined funding a non-profit organization whose primary function is distributing libertarian education materials featuring Fox Business host John Stossel.
Donors Trust and Donors Capital Fund, the affiliated funding groups, were until recently obscure entities. But over the past month a series of reports have detailed how those organizations have paid out more than $400 million to over 1,000 conservative groups since their 1999 founding. Those reports have described how the two organizations have allowed wealthy individuals to discreetly underwrite trending conservative causes like climate change denial.
The groups have also been the primary funders behind an effort to flood American classrooms with packaged libertarian lessons branded with John Stossel's mustachioed face. In 2011, Donors Trust gave $40,000 to the Philadelphia-based Center for Independent Thought (CIT), with the funds earmarked for the distribution of "Stossel in the Classroom" teaching materials, according to IRS filings obtained by Mother Jones.
According to CIT's website, its mission is to "bring the ideas of liberty to freedom-loving people around the globe." They do so primarily through the distribution of free "Stossel in the Classroom" videos, DVDs and discussion guides, which the program claims are currently used by more than 150,000 teachers in middle school, high school, and college classrooms around the country.
The Center spent $360,872 on the "Stossel" program that year, making it by far the largest of the three active programs listed on its website.
From the January 10 edition of Fox News' Fox & Friends:
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In response to a compromise on tax policy, conservative media are again comparing the United States to Greece. According to right-wing logic, the deal brings America even closer to the violence and discord in Greece, Italy, Ireland, France, and just about every European country whose citizens have protested austerity measures.
Of course, conservative media figures have spent at least three years ringing this same alarm. Economic experts have spent just as much time dismissing this panicked comparison, but to little avail. This Media Matters video, drawing on three years of television coverage of deficits and spending, shows the prevalence and longevity of the Greece talking point:
From the December 6 edition of Fox News' Fox & Friends:
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From the November 29 edition of Fox News' Fox & Friends:
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From the November 1 edition of Fox News' The O'Reilly Factor:
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From the November 1 edition of Fox News' Fox & Friends:
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Conservative media outlets pushed at least eleven misleading attacks on President Obama's energy policies that have become talking points used by Mitt Romney's campaign. The conservative media bubble has largely prevented voters from hearing the facts about clean energy programs, fossil fuel production and environmental regulation under the Obama administration.
Fox News repeated the conservative myth that there is an emerging "culture of dependency" and a "culture of entitlement" because of the supposed notion that people would rather collect food stamp benefits than work. In fact, most beneficiaries of the Supplemental Nutrition Assistance Program (SNAP) are working-class Americans who already have jobs, and most leave the program after one year.
Salon's Alex Pareene made a good observation yesterday about the future of Wall Street Journal opinion-slinger Gordon Crovitz's 100-percent incorrect claim that government was not involved in the creation of the internet:
I am very confident that "The Government Had Nothing To Do With Inventing The Internet That Is a Liberal Lie" will become one of those wonderful myths that all true-believer conservatives subscribe to, like "FDR and the New Deal made the Depression worse" and "Reagan Was a Good President."
It's true; the conservative canon is littered with verifiably false claims masquerading as unshakeable truths -- in some cases, as foundational principles. Other examples include "global warming is a hoax" and "tax cuts increase revenue." Most of them have been around for so long that their origins are murky, but we have the benefit of being able to observe this particular untruth move through the conservative ecosystem. It's sort of like watching evolution happen! (If evolution were real and not another hoax, that is.)
Fox News pundits have repeatedly claimed that fracking poses no risk to water supplies, even though there are several documented cases where extraction of shale gas and activities related to fracking have contaminated water. Watch how their blanket denials of risk contrast with real news reports on the damage natural gas extraction has done to water supplies:
Oil and gas companies are currently extracting natural gas at a record levels by drilling horizontally and then using a process called hydraulic fracturing (often called fracking), which involves injecting large amounts of water along with sand and chemicals at a high pressure in order to crack open shale rock and release the gas.
Many experts say the part of the process that has most often contaminated water is the first: drilling. A peer-reviewed study by Duke University researchers published in the Proceedings of the National Academy of Sciences found methane levels were 17 times higher in water wells close to areas in Pennsylvania and New York where shale gas was being extracted, and linked the type of methane to shale-gas extraction. The researchers said that the contamination "likely was due to its escape from faulty drill casings," according to the Christian Science Monitor. Industry officials have admitted that poor drilling practices have contaminated water, and the Environmental Defense Fund's Scott Anderson estimated that one in ten wells have cement failures. Yet drilling is often under-regulated. In December 2009, ProPublica reported that "One in five states don't require that the concrete casing used to contain wells be tested before hydraulic fracturing," and a ProPublica investigation found that states experiencing booms in oil and gas production have not hired enough regulators to keep up.