http://mediamatters.org/tools/syndication/tag_rss/economy This link is for use by RSS-enabled software to retrieve Media Matters items matching the term: Economy en-US Copyright 2008, Media Matters for America http://mediamatters.org/items/200807020006 Fox Business Network's Eric Bolling asserted that, according to offshore oil "drillers" with whom he had spoken, "China was probably drilling offshore, very close to our shore through Cuba, and taking some of that oil that -- that honestly could -- could and should be helping our situation." His assertion that China was drilling "very close to our shore" echoed a claim made by Vice President Dick Cheney -- citing columnist George Will -- that both Cheney and Will have since corrected. http://mediamatters.org/items/200807020006 Wed, 2 Jul 2008 17:06:59 EST http://mediamatters.org/items/200805130006 Referring to criticism of President Bush by Dick Gephardt over rising gas prices, Rush Limbaugh asserted: "[G]as prices didn't start going through the roof till [Democrats] took over the House in 2006." In fact, average monthly gasoline prices (adjusted for inflation) began to climb several years before Democrats took control of Congress. http://mediamatters.org/items/200805130006 Tue, 13 May 2008 17:08:25 EST http://mediamatters.org/items/200805090003 CNN's Wolf Blitzer made the misleading assertion that "the House of Representatives just passed a $300 billion plan to help struggling homeowners." In fact, while the bill to which Blitzer referred would authorize the FHA to insure up to $300 billion in homeownership retention loans for qualified homeowners, the Congressional Budget Office estimated a total cost of $2.7 billion for the program. http://mediamatters.org/items/200805090003 Fri, 9 May 2008 13:46:54 EST http://mediamatters.org/items/200805080009 Fox News' Neil Cavuto misrepresented the projected cost of a federal "housing rescue package" by saying it was going to cost "300 billion bucks," while an on-air graphic read, "House lawmakers set to pass $300B housing bill; bailout?" In fact, while the legislation would authorize the FHA to insure up to $300 billion in homeownership retention loans, the Congressional Budget Office estimated that the program would cost the government $2.7 billion between 2008-2013. http://mediamatters.org/items/200805080009 Thu, 8 May 2008 18:38:51 EST http://mediamatters.org/items/200804070003 <em>The Wall Street Journal</em> reported that Sen. John McCain "displayed a strong populist streak over the housing crisis this weekend, blasting what he called the 'outrageous' and 'unconscionable' compensation of Bear Stearns and Countrywide executives and their 'co-conspirators,' " but did not mention that McCain reportedly expressed support for the Fed's decision to extend a $30 billion line of credit to facilitate the acquisition of Bear Stearns by JP Morgan Chase. http://mediamatters.org/items/200804070003 Mon, 7 Apr 2008 14:21:58 EST http://mediamatters.org/items/200803310014 A March 30 <em>New York Times</em> article about the debate over government aid for homeowners facing foreclosure contrasted "Democrats emboldened by the Federal Reserve's intervention in the collapse of Bear Stearns [who] are demanding help for 'everyday Americans,' " with "Republicans including Senator John McCain, the party's presumptive nominee, [who] are urging restraint, reluctant to commit taxpayer funds to what they say is simply a bailout." The article did not mention that McCain reportedly agreed with the Fed's decision to step in to avert the collapse of the investment bank Bear Stearns. http://mediamatters.org/items/200803310014 Mon, 31 Mar 2008 20:11:05 EST http://mediamatters.org/items/200803280007 In a report on congressional action in the wake of the subprime mortgage crisis, National Public Radio's Brian Naylor uncritically reported McCain's statement that it's not the government's job to "bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." Naylor did not note that McCain reportedly agreed with the Federal Reserve's decision to extend a $30 billion line of credit to facilitate the acquisition of Bear Stearns by JP Morgan Chase. http://mediamatters.org/items/200803280007 Fri, 28 Mar 2008 16:32:04 EST http://mediamatters.org/items/200803260008 <em>Politico</em>'s Mike Allen wrote, "It looks like Senator [John] McCain will resist pandering when he speaks later today on the housing crisis." Allen cited prepared remarks in which McCain said: "Let's start with some straight talk. I will not play election year politics with the housing crisis," and claimed that he has "always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." But Allen has yet to note that McCain said he does not think the Federal Reserve acted improperly by extending a $30 billion line of credit to facilitate the acquisition of the near-bankrupt investment bank Bear Stearns by JP Morgan Chase. http://mediamatters.org/items/200803260008 Wed, 26 Mar 2008 18:54:26 EST http://mediamatters.org/items/200803250004 Introducing a report on "surprising good news on sales of existing homes," ABC<a href="#note">*</a> News' Charles Gibson stated that "[a]fter falling for six straight months, sales rose almost 3 percent in February." But neither Gibson, nor correspondent Sharyn Alfonsi in the subsequent report, noted that home sales were still down nearly 24 percent from February 2007. http://mediamatters.org/items/200803250004 Tue, 25 Mar 2008 15:30:49 EST http://mediamatters.org/items/200802290011 In an article about President Bush's February 28 press conference, <em>The New York Times</em> uncritically quoted Bush saying the following in response to a question about the source of funding for his presidential library: "I, frankly, have been focused elsewhere, like on gasoline prices and, you know, my trip to Africa, and haven't seen the fund-raising strategy yet." The <em>Times</em> did not mention that earlier in the press conference, Bush said he "hadn't heard" that gas prices might rise to $4 gallon. http://mediamatters.org/items/200802290011 Fri, 29 Feb 2008 16:30:48 EST http://mediamatters.org/items/200801280001 Sean Hannity exaggerated the number of jobs created under Ronald Reagan, asserting that "21 million new jobs" were created, and falsely claimed that Reagan "doubl[ed] the income for the federal government" and oversaw the "longest peacetime -- period of peacetime economic growth in history." In fact, the number of jobs increased by 16 million; federal revenue increased 15 percent; and the longest period of peacetime economic growth occurred between March 1991 and March 2001. http://mediamatters.org/items/200801280001 Mon, 28 Jan 2008 11:40:04 EST http://mediamatters.org/items/200708070011 http://mediamatters.org/items/200708070011 Tue, 7 Aug 2007 19:26:47 EST http://mediamatters.org/items/200611040014 ABC News' George Stephanopoulos prompted Cheney to again blame the recent upsurge of violence in Iraq on an insurgent "strategy" to "influence" the midterm elections, asking Cheney if "that mean[s] that a Democratic victory is a victory for the insurgents," not mentioning the administration's recent pattern of attempting to extract political benefit from the ebb and flow of violence in Iraq by claiming success in both increases and decreases in levels of violence in Iraq. <br /> http://mediamatters.org/items/200611040014 Sat, 4 Nov 2006 15:23:44 EST http://mediamatters.org/items/200610240008 Fox News' Neil Cavuto did not challenge Tony Snow's false claim that "since the president cut taxes in 2003, the Dow Jones is up 60 percent. The Nasdaq is up 80 percent." But even under the most favorable criteria, Snow's statistics are plainly wrong. And when adjusted for inflation, the value of both stock indices has <em>decreased </em>since President Bush's first major tax cut package in June 2001. http://mediamatters.org/items/200610240008 Tue, 24 Oct 2006 12:43:40 EST http://mediamatters.org/items/200610190007 http://mediamatters.org/items/200610190007 Thu, 19 Oct 2006 18:26:33 EST