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By all accounts, the Heritage Foundation study that would have been the conservative media’s cudgel to defeat comprehensive immigration reform a second time is all but rotting in the ground, buried under accusations of anti-immigrant and race-based bias.

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Economic media coverage has been heavily focused on advocating for deficit reduction, even as deficits decline and the federal government posts a surplus.

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Evening news coverage throughout April touched upon several economic issues, including income inequality, deficit reduction, and entitlement cuts. A Media Matters analysis of this coverage reveals that many of these segments lacked proper context or necessary input from economists, while some networks ignored certain issues entirely.

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A gaffe according to the oft-repeated definition is getting caught saying something you actually believe. Last week Harvard Professor and Daily Beast contributor Niall Ferguson offered an ” unqualified apology ” after remarking that the economic theories of John Maynard Keynes should be ignored because of his purported sexuality. In the  Harvard Crimson  he seems to withdraw at least the “unqualified” nature of his remorse  claiming  ”not for one moment did I mean to suggest that Keynesian economic as a body of thought was simply a function of Keynes’ sexuality.” According to the economist, “nor can it be true–as some of my critics apparently believe–that his sexuality is totally irrelevant to our historical understanding of the man.” Ferguson goes on to state “Keynes’ sexual orientation did have historical significance.

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According to the Washington Post , the Cato Institute has identified another major flaw with the conservative Heritage Foundation’s immigration report that further invalidates Heritage’s conclusions: Heritage has repeatedly touted the use of “dynamic” scoring, as opposed to the “static” scoring used in its immigration studies, as the more accurate model for gauging fiscal impact. As Cato Institute immigration expert Alex Nowrasteh explained , estimating a proposed bill’s fiscal impact using dynamic scoring involves taking into account how legislation “will affect the rest of the economy, also changing tax revenue and government spending.” He added: “Since increased immigration will increase the size of the economy, it will also increase tax revenue and some government spending.” As Nowrasteh went on to note, however, Heritage used “static” scoring to analyze immigration reform in 2007 — which assumed the bill would not affect the rest of the economy. Heritage has also employed the “static” method in a new analysis claiming that granting “amnesty” to undocumented immigrants would cost U.S

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According to Fox News Sunday ‘s Chris Wallace, the conservative Heritage Foundation is set to release a report that claims immigration reform will cost taxpayers billions of dollars. But Heritage’s analysis is reportedly based on a 2007 study that was widely discredited by experts for its faulty methodology and dubious conclusions. On KFTK’s Allman in the Morning , Wallace stated that he plans to host Heritage Foundation president and former Republican Sen

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Daily Beast contributor Niall Ferguson has offered an “unqualified apology” for suggesting that John Maynard Keynes, the British economist whose theories are the basis of macroeconomics and the foundation of progressive economic policy, was unconcerned with future generations because he was gay and childless.

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Fox Business anchor Lou Dobbs dismissed the discovery of errant data points in a recently dismantled Harvard economics study that had formed the cornerstone for arguments supporting U.S. and European austerity as merely “a small mistake.” On the April 30 edition of Fox Business’ Lou Dobbs Tonight , Dobbs discussed with former Reagan administration economic adviser Arthur Laffer a “contretemps” between New York Times columnist and Nobel Prize-winning economist Paul Krugman and historian Niall Ferguson over national debt and the economy

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Fox News covered Democratic criticism of harmful and unnecessary spending cuts as a purely political maneuver, without acknowledging that those criticisms are reflected in actual economic data, and echoed by economists and even by House GOP leadership. On the April 29 edition of America’s Newsroom , host Bill Hemmer set up an interview with Wall Street Journal editorial board member Stephen Moore by suggesting that only Democrats argue that America is not in a “debt crisis,” and hinted that the raw total of U.S

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Fox News glossed over an important aspect in its reporting on lower than expected GDP growth — the government contribution to GDP has been negative in the majority of recent reports.

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