Fox News inflates Obama bank fee by factor of 100 (.15 percent becomes 15 percent)

Amerigo Vespucci

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Fri Jan-15-10 11:03 AM
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Fox News inflates Obama bank fee by factor of 100 (.15 percent becomes 15 percent)

Fox News inflates Obama bank fee by factor of 100

By Raw Story
Friday, January 15th, 2010 -- 9:58 am

http://rawstory.com/2010/01/fox-news-inflates-obama-bank-fee-factor-100/

Fox News seems to have trouble with numbers, at least when they have to do with global warming or President Barack Obama.

Today, Fox & Friends falsely claimed that Obama proposed a 15 percent tax on banks in an effort to recoup taxpayer funds shelled out to prop up consumer lending giants Fannie Mae, Freddie Mac and AIG.

Trouble is, the actual Obama-backed fee would be assessed at .15 percent -- or 15 basis points -- for covered liabilities. It also wouldn't kick in until bank assets exceeded $50 billion.

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Botany

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Fri Jan-15-10 11:09 AM
Response to Original message

1. Fox promised to fire anybody who made mistakes awhile back .....

http://www.huffingtonpost.com/2009/12/08/will-fox-news-enforce-its_n_384612.html

There new zero tolerance policy for mistakes.

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MUAD_DIB

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Fri Jan-15-10 11:19 AM
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4. Were their fingers crossed when they said that?

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HopeHoops

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Fri Jan-15-10 11:12 AM
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2. Math really isn't their thing. Neither are facts for that matter.

Lies and propaganda - now THAT'S their thing!

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CJCRANE

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Fri Jan-15-10 11:15 AM
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3. Fiction News

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ClusterFreak

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Fri Jan-15-10 12:43 PM
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5. You know...

Edited on Fri Jan-15-10 12:44 PM by ClusterFreak

I'd love to see the other cable networks...CNN, MSNBC...along with the big three networks to take a page from the O'Brien/Kimmel/Letterman/Ferguson playbook...and just slam Fox News for everything that it is, and isn't. Night after night, day after day, constantly call out Fox News as the complete and utter fraud it is.

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CakeGrrl

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Fri Jan-15-10 12:44 PM
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6. When their pie charts add up to 129%, what can one expect?

Idiots.

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krispos42

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Fri Jan-15-10 12:51 PM
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7. I wish people in this country were more familiar with the "per-mille" idea

Or "per thousand", the way that percent means "per hundred".

The tax would be 1.5 permille, or 1.5�, and all this crap wouldn't be quite so easy to mis-represent.

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Subdivisions

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Fri Jan-15-10 01:04 PM
Response to Original message

8. What do you expect for their level of intellect. n/t

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