On a number of Fox News shows on June 12th, 2012 Karl Rove, Steve Doocy, Sean Hannity and Patti Ann Browne overstated and misstated the findings contained within a Federal Reserve Board Survey by claiming that a 38.8 percent drop in the median net worth of Americans had taken place during “the last three years.” (Read: It’s all Obama’s fault)
The Federal Reserve Survey clearly states that the period covered was between 2007 and 2010. In other words, there was a concerted effort at Fox News to blame the entire drop in net worth on President Obama, when much of it began under President George W. Bush.
The Serial Fox News LIE About Drops in Net Worth Under President Obama
Posted by freedoms66 on June 19th, 2012