Fox Business

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  • Media Figures Adopt Trump’s Spin To Whitewash Ossoff’s Showing In Special Election Primary

    Reports On Ossoff’s Fundraising Ignore Advantage Republicans Have From Outside Spending

    ››› ››› JULIE ALDERMAN

    Following the special election primary for a vacant House seat in Georgia, media figures are repeating President Donald Trump’s spin highlighting out-of-state donations that helped Democrat Jon Ossoff. The focus on Ossoff’s fundraising, however, ignores the disproportionate advantage the Republican Party and Republican candidates got from outside groups in the race.

  • Fox Echoes Trump’s Attacks On Tax March: “The Election Is Over!”

    Trump Apologists Cannot Understand Why Protests Aimed At Trump’s Tax Returns Would Coincide With Tax Day

    Blog ››› ››› ALEX MORASH

    Fox News echoed the insults and attacks President Donald Trump leveled against tens of thousands of Americans that took part in over 180 rallies and events in 48 states over the weekend in protest of the president’s refusal to disclose his tax returns.

    On April 15, the day that federal tax returns are typically due to be filed, organizers in Washington, D.C. and across the country led Tax March demonstrations in protest of Trump’s refusal to release his tax returns to the public. Trump attacked the protestors in a series of tweets the following day, complaining that his “tax returns are being brought up again,” diminishing the nationwide demonstrations as “small organized rallies,” and suggesting that demonstrators were paid to oppose him. Trump concluded by exclaiming “the election is over!”

    Taking their cue from Trump, Fox News media personalities proceeded to blast the Tax March. On the April 17 edition of Happening Now, co-host Jenna Lee questioned “the timing of this” and wondered if the protests were a distraction given “everything that’s going on in the world.” Guest Adam Goodman, a Republican strategist, agreed with her assessment adding that “for many, as I think you can now see, the campaign isn’t over, it’s never over.”

    The April 17 edition of Fox’s Outnumbered led its segment bashing the protesters by displaying Trump’s tweet calling for the protestors to be “looked into” and co-host Meghan McCain deflected criticism of Trump’s unprecedented refusal to disclose his tax information because he was not legally required to release it. Guest Guy Benson, political editor of Townhall, complained that the Tax March and other protests against Trump’s presidency made him feel “fatigue,” and wondered “why this issue, why a giant protest now?” Later that evening, on Fox Business’ Kennedy, host Lisa Kennedy Montgomery piled on the criticism, calling the protesters “a collection of free wheeling leftists” who are “bored” with the Trump administration and disgruntled Clinton supporters who have not gotten over the election.

    Fox continued to mock the protesters and playdown the importance of Trump releasing his tax returns into the following day. On the April 18 edition of Fox & Friends, Fox contributor and the Trump campaign’s deputy campaign manager, David Bossie, falsely claimed “the American people don’t care” if Trump discloses his tax returns and that the marchers were “paid professional protesters.” Later that morning, on Fox Business’ Varney & Co., Fox News senior judicial analyst Andrew Napolitano acknowledged Trump’s taxes were an important issue during the campaign but reiterated Trump’s talking point that “the campaign is over” and “this is no longer relevant.” Host Stuart Varney, however, admitted that the tax returns might reveal Trump could make “enormous” gains from the tax cuts he campaigned on.

    While Trump’s devotees and apologists at Fox regurgitated his rhetoric, investigative reporter and tax specialist David Cay Johnston -- who had previously obtained a copy of Trump’s 2005 tax returns -- explained on the April 18 edition of MSNBC’s MSNBC Live that complete tax disclosure remains important in rooting out conflicts of interest and understanding how much Trump would benefit from his tax agenda:

    Fox News defended Trump hiding his tax returns throughout the 2016 election season and seems poised to continue. The network has repeatedly held Trump to a different standard than other presidents and politicians.

  • Punditry On Syrian Airstrikes Is Encouraging Trump To Escalate Tensions With North Korea

    Similar Media Support Helped Enable Iraq War

    ››› ››› BOBBY LEWIS

    After President Donald Trump launched airstrikes against Syria in retaliation for a chemical weapons attack in that country, media figures from across the political spectrum praised his “beautiful” attack, with many also linking the action to the growing threat that another country -- North Korea -- poses to the United States. Effusive media support of military conflict was a key precursor to the Iraq War; the danger of such uncritically hawkish commentary has multiplied under Trump, who sources policy ideas -- and defenses for his conduct -- directly from media.

  • Fox Host Admits Unwillingness To Criticize Trump For Mediocre March Jobs Report

    Stuart Varney: “If We’d Have Had 98,000 New Jobs In Any Month During The Obama Administration, We Would Be All Over Them”

    Blog ››› ››› ALEX MORASH

    Fox Business host Stuart Varney admitted on air to a clear double standard on how he and Fox cover the monthly jobs report for presidents of different political parties. Less than an hour after a disappointing jobs report was released by the Bureau of Labor Statistics (BLS), Varney revealed that if a similarly “weak” report had been published under President Barack Obama, he would have castigated the president as a “failure” -- something he admittedly wouldn’t do to President Donald Trump.

    On April 7, the BLS reported that the American economy added just 98,000 jobs in March while the unemployment dropped slightly to 4.5 percent. The report also revised down the number of jobs created in January and February by 38,000. Though the improved unemployment rate is the lowest in 10 years, the number of new jobs created was far lower than the 175,000 jobs economists expected for the month. Less than an hour after the report was announced, Varney called it “a very weak jobs report” but refused to lay blame on Trump. Varney admitted that, had this report come out during the Obama administration, “we would be all over them” for the supposed “failure of the president's economic policy.”

    Varney repeatedly downplayed positive economic indicators during the Obama administration. Indeed, one year ago, he tried to spin the March 2016 jobs report by questioning the “quality” of the 215,000 new jobs created. Months earlier, he had claimed that 292,000 new jobs created in December 2015 were “modest by historical standards,” even though it was one of the strongest reports of the entire year and showed nearly three times the number of jobs shown in the March 2017 report.

    Varney’s momentary break of character shines a light on his network’s “fair and balanced” charade, but the spectacle has been on full display since Trump took office. Fox News praised a solid January jobs report as “fantastic news,” and wrongly credited Trump for creating jobs that actually predated his inauguration. A month later, Fox personalities, including Varney, lauded a solid February jobs report as proof that Trump is simply “winning everywhere” and held it up as evidence of the “‘beginnings,’ of a potential Trump Economic Era.” Even this morning, Fox News initially declared that the same jobs report Varney described as “weak” would stand as part of “the most successful day” of Trump’s presidency.

    Watch Varney’s admission on the April 7 edition of Fox Business’ Varney & Co.:

    STUART VARNEY (HOST): Look, if we'd have had 98,000 new jobs in any month during the Obama administration, we would be all over them.

    ASHLEY WEBSTER: Yes.

    VARNEY: Failure of the president. Failure of the president's economic policy. Okay? Why shouldn't I say that now about Mr. Trump?

    JOHN LONSKI: Well go ahead.

    VARNEY: No, I’m not gonna do that.

    LONSKI: But we haven’t had the president in office for long, and you haven’t had enough time really to put together a policy. They tried it on the health care front. Maybe they tried too quickly. Maybe that hurt them.

  • Fox Business Host Allows Industry CEO To Continue Denying The Real Reason For Coal’s Decline 

    Blog ››› ››› KEVIN KALHOEFER

    Fox Business host Stuart Varney allowed a coal mining company CEO who previously said President Donald Trump couldn’t bring back coal jobs to walk back those comments, while Varney himself pushed the myth that environmental protections are to blame for the loss of jobs in the coal industry.

    A March 27 article in The Guardian reported that Robert Murray, the CEO of Murray Energy, the largest privately owned coal company in the United States, acknowledged that technological advances and competition from renewable energies and natural gas are responsible for the coal industry’s decline. Murray warned that Trump should “temper” his expectations for a return of coal mining jobs because he “can’t bring them back.” Trump has repeatedly promised that he will reinvigorate the industry by rolling back regulations.

    A week after Murray spoke with The Guardian, Varney allowed the CEO to walk back his comments. On the April 3 edition of Fox Business' Varney & Co., Varney repeated Murray’s quote from the news report and asked, “Why can’t the president bring back coal mining jobs if he gets rid of these damaging climate restrictions?” Murray replied, “Well, he can. It’s the degree to which he brings them back. I was asked when I was quoted, ‘Can he bring them back to where they were?’” Murray added that Trump could bring back “at least half” of the 63,000 coal jobs that he said were lost due to environmental protections.

    Numerous experts have debunked the claim that Trump can bring back tens of thousands of coal jobs. As an energy economist at the University of Wyoming told The New York Times, even if coal mines stay open, they are “using more mechanization” and “not hiring people. … So even if we saw an increase in coal production, we could see a decrease in coal jobs.”

    Murray’s comments come at a time when coal mining is vastly overshadowed by employment in the renewable energy sector. The Associated Press reported that “coal mining now accounts for fewer than 70,000 U.S. jobs. By contrast, renewable energy — including wind, solar and biofuels — now accounts for more than 650,000 U.S. jobs.” And a recent analysis by the Sierra Club found that “only six states have more jobs in coal and gas than clean energy -- and the growth of clean energy suggests that won’t be the case for long.”

    A Media Matters review of Nexis transcripts found that over the years, Murray has been a frequent guest on Fox Business, where he has repeatedly pushed the lie that coal mining job losses were due solely to environmental regulations. On the rare occasions when Fox Business hosts asked Murray about the impact of technology or natural gas on the coal industry, Murray downplayed the significance of those factors or pivoted back to attacking environmental regulations.

    Methodology

    Media Matters searched Nexis transcripts of Fox Business from the last five years using Robert Murray and coal, Robert Murray and (automat! o technolog!), and Robert Murray and natural gas.

  • Right-Wing Media Refuses To Blame Trump For GOP Health Care Defeat 

    ››› ››› JARED HOLT

    Republicans “abruptly” withdrew their health care bill, which signaled the first legislative defeat for President Donald Trump. After the bill's failure, media figures blamed Democrats, Speaker of the House Paul Ryan (R-WI), and legislators instead of  Trump who adopted and pushed for the bill’s passage.

  • Will Fox News Finally Take The Debt Ceiling Seriously?

    Fox Spent Years Urging Republicans To Default On The National Debt To Hurt President Obama

    ››› ››› CRAIG HARRINGTON & ALEX MORASH

    Since Republicans took control of the House of Representatives in 2011, Fox News personalities have urged them to use the threat of defaulting on the sovereign debt obligations of the United States government as a means of winning political concessions. With Republicans now in full control of Congress, will the talking heads at Fox finally come to terms with this monumental threat to the global economy and urge the GOP to raise the debt ceiling?

  • Will Fox Continue Its CBO Smear Campaign With More White House Talking Points?

    Fox News Spent Days Attempting To Discredit The CBO In Advance Of Its Report Outlining That Millions Will Lose Health Insurance Under GOP Plan

    Blog ››› ››› ALEX MORASH

    Fox News pushed White House talking points attacking the Congressional Budget Office (CBO) in an attempt to discredit the nonpartisan scorekeeper before it released today’s report projecting the effects of the Republican plan to repeal Obamacare -- the American Health Care Act (AHCA). The report’s devastating findings -- that up to 24 million people would lose their health insurance coverage over the next decade under the GOP health care plan -- are now public. Will Fox News continue to borrow White House talking points to carry water for the disastrous plan?

    On March 13, the CBO reported that the number of Americans without health insurance would grow to a staggering 52 million people by 2026 under the GOP’s health care plan, AHCA, compared to an estimated 28 million who are projected to remain uninsured under current law. President Donald Trump’s administration and Republican leaders in Congress had tried to smear the CBO -- the nonpartisan research arm of Congress tasked with analysing the budgetary and economic impacts of legislative proposals -- in advance of the widely anticipated report, which many correctly predicted would find that the GOP plan will throw millions off their health insurance.

    White House officials began a campaign to discredit the CBO on March 8 when during a press briefing White House press secretary -- and renowned liar -- Sean Spicer questioned the work of the nonpartisan researchers at CBO, telling reporters that “if you're looking at the CBO for accuracy, you're looking in the wrong place.” This was an about-face from what the director of the Office of Management and Budget (OMB), Mick Mulvaney, stated on MSNBC’s Morning Joe earlier that day when he claimed “the only question” on the CBO scoring was whether it will it be “really good” or “great” for the Trump administration. Despite his initial optimism, Mulvaney too joined in on attacking the CBO on the March 12 edition of ABC’s This Week, downplaying the effectiveness of the office’s analysis and misleadingly claiming that the agency did not score the Affordable Care Act (ACA) -- also called Obamacare -- accurately. Secretary of Health and Human Services, Tom Price, also blasted the CBO on the March 12 edition of NBC’s Meet The Press.

    In the hours leading up to the CBO’s March 13 report release, Fox News figures attempted to discredit the organization with talking points straight from the Trump administration. Co-host Brian Kilmeade claimed on Fox and Friends that the CBO was tricked into scoring the ACA inaccurately because it did not score the mandate as a tax, adding that the CBO fell “hook, line, and sinker” for some sort of Democratic plan to bring about single-payer health care. On America’s Newsroom, Washington Examiner columnist Byron York claimed the Trump administration’s allegation that CBO had inaccurately scored the ACA years ago was “absolutely true.” On Outnumbered, co-host Melissa Francis claimed “the CBO does get everything wrong” and complained that the CBO underestimated the cost of Medicaid expansion under the ACA. On Fox Business’ Varney & Co., host Stuart Varney’s anti-CBO talking points were rebuffed by Harvard economist and former CBO director Douglas Elmendorf, who pointed out that the office correctly predicted that the number of uninsured would fall under ACA, it accurately projected premium increases under the law, and it actually overestimated the long-term cost of enacting Obamacare.

    As soon as the CBO’s devastating report on the short- and long-term effects of repealing Obamacare and enacting the AHCA was released this afternoon, Fox News turned to discredited New York Post columnist, former Trump economic adviser, and serial health care misinformer Betsy McCaughey to double down on its campaign against the CBO. McCaughey slammed the report as “implausible” for finding that tens of millions would lose health insurance coverage under the Republican health care plan, but happily accepted the same report’s finding of marginal deficit reductions stemming from the repeal of health insurance subsidies to low-income Americans. From the March 13 edition of Fox’s Your World with Neil Cavuto:

    According to an independent analysis of the CBO’s Affordable Care Act estimates from the Commonwealth Fund, the office’s health care policy analysis regarding the ACA actually “proved to be reasonably accurate” and was thrown off by Supreme Court decisions and GOP political obstruction that it had no way to forecast. Even James Capretta of the conservative American Enterprise Institute warned that it may “tempting for GOP leaders to say CBO is wrong” but it would be difficult to “make a credible case” that the repeal plan would not reduce the number of people with health insurance.

  • Anonymous Fox News Article Echoes Smear Of Obama Appointee From Notoriously Anti-Muslim Activist Pamela Geller

    Trump's White House Is Reportedly Fighting Against James Mattis' Defense Department Undersecretary Pick, Anne Patterson

    ››› ››› NICK FERNANDEZ

    Fox News ran an anonymous front page story on its website alleging that Secretary of Defense James Mattis “wants the Pentagon’s top civilian job to go to a one-time prominent supporter of ousted Egyptian President Mohamed Morsi and the Muslim Brotherhood.” A similar charge against the pick , former U.S. Ambassador to Egypt Anne Patterson, appeared on notoriously anti-Muslim activist Pamela Geller’s website six days earlier, alleging that Patterson was “instrumental in [President Barack] Obama’s backing of the Muslim Brotherhood Morsi regime in Egypt.”

  • Media Outlets Mention Trump's International Women's Day Tweet, Ignore Allegations Of Sexual Assault Against Him

    Blog ››› ››› NICK FERNANDEZ & KATIE SULLIVAN

    On International Women’s Day, cable hosts on CNN, MSNBC, and Fox Business Network reported on President Donald Trump’s tweet stating that he has “tremendous respect for women” without mentioning that at least 17 women have accused him of sexual assault or harassment.

    On the morning of March 8, Trump tweeted, “I have tremendous respect for women and the many roles they serve that are vital to the fabric of our society and our economy.” He followed that up with a second tweet, writing, “On International Women's Day, join me in honoring the critical role of women here in America & around the world.” At least nine cable news shows reported on Trump’s tweet between 6 a.m. and 2 p.m.: CNN’s New Day, At This Hour, Inside Politics, and Wolf; MSNBC’s Morning Joe, MSNBC Live with Stephanie Ruhle, the 11 a.m. hour of MSNBC Live hosted by Ali Velshi, and Andrew Mitchell Reports; and Fox Business’ Mornings with Maria Bartiromo. None of the nine shows mentioned that 17 women have come forward alleging Trump sexually assaulted or harassed them. In fact, no news program on any cable or broadcast network mentioned the accusations at all, according to a Media Matters search.

    In addition to the actual accusations, Trump himself was recorded in 2005 bragging to an Access Hollywood host about sexual assault.  

    While no show that reported on Trump’s tweet mentioned the accusations of sexual misconduct against him -- or that he responded to them with personal attacks, calling one a “horrible woman” and insulting another's’ looks -- The Atlantic’s Molly Ball said on CNN, “we should give him credit for not making a provocation and causing a whole controversy.” Ball claimed that, “because this women's movement has been so focused on opposition to Trump, it has, I think, become much more of a politically polarized occasion,” adding that it was “commendable” for “Trump to rise above it.”

    Methodology

    Media Matters searched SnapStream for coverage between 6 a.m. and 2 p.m. on March 8 of Trump’s tweet using the terms "Trump" and "women” as well as "Trump" and "tweet.” Media Matters searched SnapStream for coverage of the sexual assault allegations against Trump using the terms “grab" or "assault."

  • Five Things Media Figures Demanded Obama Attorneys General Resign Over That Are Less Serious Than Lying Under Oath

    And Trump’s Chief Of Staff Twice Called For Eric Holder’s Resignation

    ››› ››› ZACHARY PLEAT

    Lawmakers began calling for Attorney General Jeff Sessions’ resignation after news reports published on March 1 revealed that he had spoken to Russia’s ambassador to the United States during the 2016 election, when he was serving as a campaign surrogate for then-candidate Donald Trump. The reports contradict sworn testimony Sessions provided during his confirmation hearing, when he said he “did not have communications with the Russians.” During the Obama administration, conservative media figures and Republicans demanded that his attorneys general resign or be fired for supposed outrages far less damaging than lying to Congress, none of which were criminal in nature, and were in many cases completely phony.

  • CPAC Got Rid Of Milo, But Not The Rest Of Their Bigoted Lineup

    ››› ››› ALEX KAPLAN

    The Conservative Political Action Conference (CPAC) has rescinded the speaking offer its leadership made to former Breitbart editor Milo Yiannopoulos, who has a history of bigotry, following the circulation of a video in which Yiannopoulos appeared to endorse pedophilia. Yet Yiannopoulos isn’t the only person scheduled to speak at the 2017 CPAC who has a history of making offensive remarks; the conference’s roster is full of speakers who push xenophobic or otherwise discriminatory agendas and action and buy into conspiracy theories.