Federal Reserve Chairman Jerome Powell set a reporter from Fox Business straight on the basics of the U.S. economy and inflation Wednesday during a press conference.
During the press conference, reporter Edward Lawrence suggested that government spending was partially responsible for inflation, remarking:
“Inflation has been rather sticky, so do you need help from the fiscal side to get inflation down faster?”
Powell replied:
“We don’t give advice to the fiscal authorities, and we assume that we take fiscal policy as it comes to our front door, stick it in our model along with a million other things, and we have responsibility for price stability. And we will get inflation down to 2% in time.”
Lawrence tried again to link spending to inflation:
“But the spending that’s happened is working against what you are doing, right? So it’s prolonging inflation?”
As Fox News faces daily revelations from the $1.6 billion defamation lawsuit filed by Dominion Voting Systems, yet another defamation suit against has been given the go ahead by a court, and this one is considered to be even more dangerous than the Dominion case.
The Guardian reports on the second lawsuit, which has been filed by Smartmatic and is seeking $2.7 billion in damages.
Smartmatic claims that more than 100 false statements were broadcast by Fox News hosts and guests. Smartmatic was falsely said to have been involved in 2020 election counts in six battleground states – in fact, it was present only at the count in Los Angeles county.
Fox broadcast that Smartmatic shared its technology with Dominion, when in fact the two companies had no communication and regarded each other as rivals. Smartmatic was in cahoots with foreign governments in a conspiracy to rig the vote for Biden, Giuliani said on Bartiromo’s show – a claim that the company disputes as false and defamatory.
Fox also described Smartmatic as having been founded in Venezuela at the behest of corrupt dictators. In fact, it was founded by Antonio Mugica and Roger Piñate in 2000 in Boca Raton, Florida, in the wake of the “hanging chad” fiasco, with the aim of using technology to restore people’s faith in election results.
Fox suggested in a statement that the Smartmatic lawsuit cannot stand up to First Amendment scrutiny:
“Freedom of the press is foundational to our democracy and must be protected, in addition to the damages claims being outrageous, unsupported and not rooted in sound financial analysis, serving as nothing more than a flagrant attempt to deter our journalists from doing their jobs. There is nothing more newsworthy than covering the president of the US and his lawyers making allegations.”
But the one-two punch of Dominion and Smartmatic would seem to be Fox’s worst nightmare made reality, and the First Amendment doesn’t protect against blatant lies such as the ones Fox is accused of broadcasting.
With Fox News facing the prospect of having to pay billions for lies their hosts told about the 2020 presidential election, one host in particular is on the verge of destroying the network’s already flimsy defense and also winding up being unemployable on any platform.
Maria Bartiromo is most often seen on Fox Business, but also does a Sunday program that appears on Fox News, “Sunday Morning Futures.”
The Los Angeles Times reports that testimony Bartiromo gave as part of the ongoing $1.6 billion defamation lawsuit brought by Dominion Voting Systems is damning for Bartriromo and Fox.
Attorneys for Fox have repeatedly asserted that hosts such as Sean Hannity, Tucker Carlson, and Ingraham were merely offering their opinions on the 2020 election and never intended them to be statements of fact that require proof.
“In released court documents and deposition testimony connected to the case, Bartiromo is cited throughout for allowing former President Trump’s false claims about 2020 election fraud to air on the network in an effort to stop angry viewers from abandoning the network. Court testimony shows that in the days leading up to and following the 2020 election, colleagues and executives raised questions about Bartiromo’s online activity and expressed concerns that she was influenced by right-wing conspiracy theorists.”
Why is that a problem? Because Bartiromo herself said under oath that she’s a journalist who reports facts, not opinions.
“Bartiromo is one of four Fox News and Fox Business Network personalities cited in the suit along with Sean Hannity, Jeanine Pirro and Lou Dobbs, who is no longer part of the company. Fox Corp. Chairman Rupert Murdoch admitted under oath that they all promoted false claims about the 2020 election, which he believed was fair.”
And therein lies the rub:
“The difference with Bartiromo is she identifies as a news anchor, as she indicated in her testimony. Hannity, Dobbs and Pirro are considered opinion hosts, and executives at Fox News testified that they are not held to the same journalistic standards as straight news programs.”
Even worse for Fox is that Bartiromo also testified “that no one in management did anything to stop her or force her to correct the record.”
“Bartiromo herself made misstatements, such as repeating inaccurate claims that Dominion was owned by voting software company Smartmatic, which is also suing Fox News and other conservative networks for defamation … several Fox News executives in their testimony concurred with Dominion’s assertions that Bartiromo did not challenge any of [Sidney] Powell’s false statements when she appeared on ‘Sunday Morning Futures.’ Bartiromo also admitted that she never presented any evidence to counter Powell’s claims, even though she was provided with correct information provided by Dominion and other Fox News journalists.”
Bartiromo had the facts and the pushback from Dominion, but she chose to believe bullshit conspiracy theories. How’s that for a “straight news” anchor?
Fox is going to lose the Dominion lawsuit. They will likely lose the one filed by Smartmatic, which is for $2.7 billion, too. Punitive damages in both of those suits would bankrupt Fox News. It would also all but guarantee that Maria Bartriomo never works in the media for as long as she walks the face of the planet.
If Dominion Voting Systems prevail in their $1.6 billion defamation lawsuit against Fox News, it could result in a “financial death penalty” for the network, leaving it unable to survive due to a lack of operating capital, according to former prosecutor Katie Phang.
In a column she wrote for MSNBC, Phang notes that “Fox is now trapped in an ever-worsening spiral of lies of its own creation. Time and time again, Fox allegedly trafficked in lies and falsehoods.”
The court filing laying out text messages sent by Fox executives and on-air hosts released this week is especially damning, Phang continues:
“Dominion doesn’t just have the upper hand, it has the truth on its side. If Dominion is successful, then all that would be left to determine is the amount of damages that Dominion is entitled to receive. That’s where the numbers become astronomical. Dominion is seeking $1.6 billion in lost profits and reputational harm.”
And then there’s the possibility of punitive damages, which could result in billions more being awarded to Dominion, Phang explains.
“Punitive damages … are not capped under New York state law and could also be in the billions of dollars. Punitive damages are intended to punish the wrongdoer and to deter others from repeating that egregious conduct. And a multi-billion-dollar punitive damages verdict would not just punish Fox News. It would send a ringing message to all media companies to keep themselves in check and uphold the truth.”
Here’s more on the Dominion-Fox lawsuit from MSNBC:
Matt Schlapp, chairman of the American Conservative Union and his wife, Mercedes, are apparently now banned from the airwaves at Fox News, the latest major fallout from allegations that Matt groped and sexually assaulted a staffer who worked for the failed Senate campaign of 2022 Republican nominee Herschel Walker.
According to Mediaite, neither Matt or Mercedes have appeared on Fox since the allegations first surfaced earlier this month.
Since the … story broke, Matt and Mercedes, who were regulars on Fox News and Fox Business, have disappeared from the air. Mercedes, who served in former President Donald Trump’s White House and on his unsuccessful 2020 campaign, was last on the air the morning of Jan. 6, while Matt hasn’t appeared on either network since Jan. 4.
Fox has yet to cover the groping allegation. The network did not respond to a request for comment on the absence of the Schlapps from the air.
The Daily Beast was first to report on what allegedly transpired between Matt Schlapp and the Walker staffer.
A staffer for Herschel Walker’s Senate campaign has alleged to The Daily Beast that longtime Republican activist Matt Schlapp made “sustained and unwanted and unsolicited” sexual contact with him while the staffer was driving Schlapp back from an Atlanta bar this October.
The staffer said the incident occurred the night of Oct. 19, when Schlapp, chair of the American Conservative Union and lead organizer for the influential Conservative Political Action Conference, “groped” and “fondled” his crotch in his car against his will after buying him drinks at two different bars.
The staffer described Schlapp, who had traveled to Georgia for a Walker campaign event, as inappropriately and repeatedly intruding into his personal space at the bars. He said he was also keenly aware of his “power dynamic” with Schlapp, widely regarded as one of the most influential figures in national conservative politics.
Schlapp as repeatedly denied he did anything improper and CPAC will continue to be held in March, though it remains unclear if he will be in attendance.