The Dirty Half-Dozen: Exposing Some Recent Right-Wing Fairy Tales and Deceptions
1. Myth: Rupert Murdoch and his News Corporation media possessions, The Wall Street Journal and Fox News, are the only national media outlets making money and increasing audience right now. Truth: Murdoch’s News Corp. is losing money hand over fist, $6.4 billion in the last two quarters, and cutting staff as the circulation of the WSJ and ratings for Fox News decline. Proof: Here’s an excerpt from an AP report:
“News Corp., the global media giant controlled by Rupert Murdoch, said Thursday it lost $6.4 billion in its most recent quarter because of a massive write-down in the value of its assets.
“The New York-based company, which owns The Wall Street Journal and the Fox broadcast network, also forecast a 30 percent drop in operating profits for the fiscal year to June from a year ago, when it earned $5.13 billion.” […]
“News Corp. also said it had cut 800 positions across its Fox properties, including the 20th Century Fox movie studio, in moves that it expected to save $400 million a year. The Wall Street Journal said Thursday it is cutting about two dozen newsroom positions.”
— Ryan Nakashima, AP Business Writer, “News Corp. loses $6.4 billion in 2Q,” Feb. 5, 2009.
2. Myth: “Government jobs don’t stimulate the economy.” Recently Sen. Tom Coburn (R-NotOK) was promoting this bit of balderdash on MSNBC, but I’ve heard and read it elsewhere in the right-wing media as well. Truth: This is nonsense from the days of Herbert Hoover. Proof: Under Franklin D. Roosevelt such government employment programs as the WPA and CCC reduced unemployment dramatically during the Great Depression and improved the economy, as much as many neocon economists are desperately trying to rewrite history to reflect the opposite. Just like everyone else, government employees pay taxes and buy things houses, cars, food, clothes and appliances — that stimulate the economy.
3. Myth: Rush Limbaugh never actually said about President Obama, “I hope he fails.” Truth: Yes, he did and I heard it. Proof: Here’s the audio clip. He plainly says he was asked for quote about Obama and replied, “I hope he fails.”
4. Myth: “Tax cuts are the best way to improve the economy.” Truth: No, they aren’t. Proof: The last eight years of tax cuts under Bush.
5. Myth: “Free market capitalism will regulate itself.” Truth: You’re crazy. It’s like saying a basket of vipers will regulate itself into a litter of puppies. Proof: The economic collapse engendered by the ‘hands-off’ policies of Bush as well as bankers, Wall Street, automakers and other large corporations begging for bailouts to avoid bankruptcy. Then there’s Bernie Madoff, Enron, and all of the other members of the Corrupt Bastards Club, with the latest outrageous entry being the Peanut Corporation of America, who knowingly sold salmonella-tainted nuts to poor kids enrolled in school free-lunch programs while Bush’s FDA inspectors slept on the job. (Maybe they should have tried cake instead.)
6. Myth: “Bill O’Reilly and Fox News never really got anything wrong.” Truth: Yes, they have, and the list is as long as your arm. Proof: Here are some highlights and a link:
Reviewing the accuracy of Fox News and O’Reilly over the past eight years: