Fox News' Jim Angle uncritically aired Rep. Paul Ryan's false claim that "[m]ost" of the stimulus money will not "spend out until 2011," and Larry Kudlow did not challenge Ryan when he repeated the falsehood on CNBC.
Despite the scientific consensus that human-caused global warming is real and is negatively affecting the planet, the media have repeatedly provided a platform for critics who argue that the Earth is in a period of "cooling" or that the issue of global warming does not need to be addressed.
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Media Matters today launched Financial Media Matters (www.FinancialMediaMatters.org) a website dedicated to holding accountable those who report on the financial and business industry as well as those who report on labor, economic, and other fiscal matters. The new website will focus extensively on ensuring that outlets such as CNBC, Fox Business Network, and The Wall Street Journal are held accountable.
"As people across the country struggle with losing their jobs, losing their homes, and losing their nest eggs, Americans are depending on the media -- especially the financial media -- for answers," said Eric Burns, President of Media Matters. He added, "We are launching Financial Media Matters because the public deserves accurate and honest reporting on what is happening and what is being done to fix the economic crisis."
Which reminds me, have you checked out Burns' open letter to CNBC regaring Larry Kudlow potentially using his platform to further his possible candidacy for Senate in Connecticut?