09-15-2016, 04:08 PM
In addition to a previous entry on how economic data would be received if Mitt Romney had been president..
Quote:A Fox Business panel attempting to downplay the latest round of positive economic indicators devolved into self-parody. The host and guests misleadingly framed median income data to omit the economic calamities of the Bush administration while accusing President Obama of “cherry-picking the time frame” and “playing with the numbers” related to other examples of economic improvement.Fox Business Cherry-Picks Economic Data To Accuse Obama Of "Cherry-Picking" Economic Data
On the September 14 edition of Fox Business’ Varney & Co., host Stuart Varney and guests Elizabeth MacDonald and Tammy Bruce slammed President Obama for defending his economic legacy during a campaign stop in Pennsylvania. The segment began with Varney and MacDonald lamenting that new median household income data released yesterday by the Census Bureau is “still below the peak back in 1999,” with MacDonald mockingly adding, “You’re nearly [as] rich as you were 17 years ago.”
Varney complained that Obama was “cherry-picking” data to claim his administration has created nearly 15 million net new jobs, and MacDonald added, “He’s not factoring in 2009, … so he’s playing with the numbers.” MacDonald further claimed that a “majority of net new jobs” during the Obama administration have been in “low-paying fast-food or health sector” industries. Bruce concluded the segment by lamenting the administration’s so-called “spin” and “theater” while citing evidence from outside sources that she claimed contradicts the significant increase in median household income from 2014 to 2015..