{"id":6471,"date":"2012-02-22T11:03:35","date_gmt":"2012-02-22T19:03:35","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=6471"},"modified":"2012-02-22T11:03:35","modified_gmt":"2012-02-22T19:03:35","slug":"fox-nation-vs-reality-stimulating-unemployment","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=6471","title":{"rendered":"Fox Nation vs. Reality: Stimulating Unemployment"},"content":{"rendered":"

In yet another example of the intentionally deceptive news perverters at Fox News, the Fox Nation website has posted a headline article that deliberately misrepresents reality with this headline: WH Senior Advisor: Unemployment Stimulates the Economy.<\/strong><\/p>\n

\"Fox<\/center>
\n<\/p>\n

That would be a remarkably stupid comment if anyone had actually said it. What Valerie Jarrett actually said was that…<\/p>\n

“Even though we had a terrible economic crisis three years ago, throughout our country many people were suffering before the last three years, particularly in the black community. And so we need to make sure that we continue to support that important safety net. It not only is good for the family, but it’s good for the economy. People who receive that unemployment check go out and spend it and help stimulate the economy, so that’s healthy as well.<\/strong>“<\/p><\/blockquote>\n

So what Jarrett was talking about was the stimulative effect of unemployment insurance, not unemployment. And her views on continuing to support Americans struggling in this difficult economic environment are consistent with most economists<\/a> who recognize that funds received in the form of unemployment checks are quickly spent in the communities of the beneficiary, creating an economic stimulus.<\/p>\n

“Many analysts, including the Congressional Budget Office as well as [Moody’s Mark]<\/em> Zandi, have found that in a weak economy, UI and refundable tax credits \u2014 and other measures that put money into the hands of hard-pressed individuals and families who will spend it \u2014 have a significantly larger impact on economic activity and job creation than tax cuts primarily benefiting high-income individuals, who are likely to save a large amount of any increase in income they receive. In the Moody’s Analytics model, extending unemployment insurance benefits generates $1.60 of additional GDP for each dollar of budgetary cost, while a permanent extension of all of the Bush-era income tax cuts generates only 35 cents in economic activity per dollar of cost.”<\/p><\/blockquote>\n

The Fox Nationalists frequently lie about the economic benefits of aid to working class Americans, but this intentional misrepresentation of Jarrett’s remarks is even more dishonest than their routine dishonesty. I’m sure they are very proud of themselves.<\/p>\n","protected":false},"excerpt":{"rendered":"

In yet another example of the intentionally deceptive news perverters at Fox News, the Fox Nation website has posted a headline article that deliberately misrepresents reality with this headline: WH Senior Advisor: Unemployment Stimulates the Economy. That would be a remarkably stupid comment if anyone had actually said it. What Valerie Jarrett actually said was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[219,1],"tags":[1141,527,644],"class_list":["post-6471","post","type-post","status-publish","format-standard","hentry","category-economy","category-general","tag-economy","tag-fox-nation","tag-valerie-jarrett"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-1Gn","jetpack-related-posts":[{"id":7231,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=7231","url_meta":{"origin":6471,"position":0},"title":"Fox Nation vs. Reality: Coming To Blows","author":"Mark NC","date":"6\/3\/2012","format":false,"excerpt":"Here is another made up headline from Fox Nation: The Fox Nationalists really enjoy cooking up headlines that totally misrepresent the content of the story they are reporting. It often doesn't matter in the least if the headline has any relevance to the article at all. And at other times\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18703,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=18703","url_meta":{"origin":6471,"position":1},"title":"While Suppressing Good Jobs Data, Fox News Slams Obama For Trying To Create More Jobs","author":"Mark NC","date":"7\/3\/2014","format":false,"excerpt":"This morning the new unemployment report was released showing that 288,000 jobs were added during the month of June and the unemployment rate went down to 6.1%, the lowest since September of 2008. Not surprisingly, Fox News virtually ignored this report as they do with anything that might reflect positively\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Fox Nation","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/foxnation-roads-bridges.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/foxnation-roads-bridges.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/foxnation-roads-bridges.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7655,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=7655","url_meta":{"origin":6471,"position":2},"title":"Fox Nation vs. Reality: Who’s To Blame For Bad Economy?","author":"Mark NC","date":"7\/23\/2012","format":false,"excerpt":"There have been numerous polls asking respondents to say who they hold responsible for the state of the American economy. In every one of them George W. Bush ranks at or near the top, with Congress and Wall Street following close behind. Usually President Obama is not the target of\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6366,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=6366","url_meta":{"origin":6471,"position":3},"title":"Fox Nation vs. Reality: The Obama Downgrade Threat","author":"Mark NC","date":"2\/9\/2012","format":false,"excerpt":"Once again Fox News has twisted the facts of a breaking story beyond all recognition. The headline on their Fox Nation blog reads: S&P Threatens Obama With Another Downgrade. The Fox Nationalists link to an article on Zero Hedge where the original headline says: S&P Threatens US With Another Downgrade.\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9089,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=9089","url_meta":{"origin":6471,"position":4},"title":"Fox Nation vs. Reality: Record High Gas Prices Far Below Actual High","author":"Mark NC","date":"2\/12\/2013","format":false,"excerpt":"Be sure to read the book that Wonkette calls \"A valuable contribution to the effort to chip away at Bullshit Mountain.\"Fox Nation vs. RealityPerhaps the single biggest driver of economic activity among commodities is the price of gas. It impacts the economy on a multitude of levels from shipping to\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7520,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=7520","url_meta":{"origin":6471,"position":5},"title":"Fox Nation vs. Reality: The Happy DNC Chair","author":"Mark NC","date":"7\/8\/2012","format":false,"excerpt":"On today's Fox News Sunday, fill-in host John Roberts appeared to be filling in for Mitt Romney's press secretary. Roberts conducted an interview with Democratic National Committee Chair Debbie Wasserman-Shultz that was more debate than journalism. He countered her remarks as if he were making the case for Romney rather\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/6471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6471"}],"version-history":[{"count":2,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/6471\/revisions"}],"predecessor-version":[{"id":6473,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/6471\/revisions\/6473"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}