From Media Matters for America -- September 29, 2010:
Economists agree with Obama: Proposals pushed by Fox News bad for long-term growth
Fox has opposed every major effort to stimulate the economy -- despite economists' support. Since Obama took office, Fox personalities have opposed every major package proposed to stimulate the economy, despite support from a consensus of economists and economic analysts. Recent opposition has included Obama's newly proposed infrastructure plan, the extension of unemployment insurance, aid to states, and food stamps, all of which have been shown to stimulate the economy.
Fox's campaign to extend tax cuts for the wealthy would add debt, do little to stimulate growth. Over the past few months, Fox has launched a campaign aimed at extending the Bush tax cuts for the rich. However, economists and financial analysts agree that those cuts will cost $700 billion and would be much less effective at stimulating the economy than extending unemployment insurance, food stamps, and providing direct aid to states - all proposals which Fox personalities have repeatedly opposed.
Fox opposed the stimulus and since bill's passage, have repeatedly falsely claimed that it failed. In covering the 2009 American Recovery and Reinvestment Act, commonly referred to as the stimulus, Fox News consistently advanced false and misleading claims about the economic recovery package. Since the bill's passage, Fox News figures have repeatedly advanced the false claim that the stimulus "failed," despite the fact that independent and private analysts agree that the stimulus boosted GDP and increased employment.