The Serial Fox News LIE About Drops in Net Worth Under President Obama

The Lie?
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 Truth
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.

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8 comments on “The Serial Fox News LIE About Drops in Net Worth Under President Obama

  1. George Shaffer on said:

    They did say the Last 3 Years, They Printed 2007 to 2010. So you twisted what you said as much as they did and BTW Sean Hannity is NOT NEWS he is Entertainment.

    The majority of YOU so called Journalists couldn’t get facts straight if they hit you with a board.

    Here you have a whole website DEDICATED to the purpose of showing that FOX lies and YOU can’t get it right either.

    • George, go back and read the post. It was in 2012 when Fox said that the median income level dropped over the past 3 yrs. That would mean that the drop began to occur in 2009 during Obama’s Presidency. That’s a lie. The drop actually occurred during 2007 to 2010 which means that it began during Bush’s term. What the article didn’t say is that the greatest losses occurred during Bush’s term.

  2. freedoms66 on said:

    Did you really read the post? What does overstated and misstated mean to you? As far as “Sean Hannity is NOT NEWS he is Entertainment,” NONSENSE. He presents opinion as fact. Presenting facts means he masquerades as a journalist. Sorry, you don’t make much sense.

    • I’m so tired of this silly tripe about Fox personalities being pure “entertainment”. Are we to believe folks tune into Fox to listen to Hannity sing dance and crack jokes? To start with he has zero sense of humor and as you said:he presents opinion as fact.As does Bill O’Reilly,Beck and Limbaugh.They stir it up everyday one rabble rousing lie on top of another.It’s beyond irresponsible if you ask me.I personally feel they are directly responsible for the violence and murder perpetrated by right wing nuts in the last 10 years.

      • So what you you guys are calling fake and propaganda and ‘untruths’ because of a news source? So riddle me this, then why do so many people listen to it and take it as fact? There are litterally millions of people who read/listen to foxnews for their information. When there was a 40 car pileup in Texas last week… I’m guessing that was propaganda… but when they (conservative news) happen the vehemently disagree with the President’s handling of Benghazi or support Gov. Romney, they’re liars all of a sudden, but your news source is ALWAYS right because they preach the values you believe in. The beauty of the US is we have free speech, free press and free opinions and the fact that there is a website that would detract from that freedom is a sad thing. Allowed, but by no means promotes or encourages. It is truly sad that there is a website that even exists that can’t respect the political rights opinions and beliefs. Just a bunch of damned hipocrits that can’t see any opinion or can’t take for fact unless it comes from your news source not the other guys.

        • freedoms66 on said:

          You win the prize. Since this web site has been functioning, your post is by far the dumbest. Congratulations Jon. While, as you say, “There are litterally millions of people who read/listen to foxnews for their information,” it’s been proven that the people who watch Fox News are less informed than the people who don’t watch any news at all. And besides, the total viewership of Fox News is STILL a tiny fraction of the overall population of the country.

        • Anti-Jon on said:

          It might be interesting to know too that these same people believe Iraq had WMD’s. Another thing to point out, Millions also believe in Professional Wrestling. Millions believed Orson Welles’ “War of the Worlds” in the 1930’s. I would even fair to guess that these same people do not believe Karl Rove is a convicted felon.
          What I guess i am stating is, numbers of ‘believers’ do not make things fact, it simply means more idiots will jump off a cliff is told to do so by the right group..

  3. sean hannity is a dishonest fake inellectual.I mean the guy really believes that b.s. that he’s promoting. His show and that all it is a “SHOW”,it’s nothing but propaganda.I’m sure he’s somewhere crying and getting drunk right now because obama whupped mitt’s a$& if you know what i mean.

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