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Tuesday, January 17, 2017

If CNNs Lips Are Moving, It Probably Is Lying And Spreading Fake News

FAKE NEWS: CNN Reports Tom Price Bought Health Care Stock, Then Enriched Himself. Nope.

Drew Angerer/Getty Images
JANUARY 17, 2017
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Last week, Democrats launched a full-scale media press for an investigation
 into potential Trump Secretary of Health and Human Services Rep. Tom Price
 (R-GA) for corruption. Why? Because according to Public Citizen, Price
 traded some $300,000 in health care stocks while presiding over regulation
of the health care industry as chair of the House Budget Committee. Senator
 Patty Murray announced on Thursday, “I urge Republicans to work
with us to make sure we have all the facts in front of us and they are fully
reviewed before Congressman Price advances.”
This was all vague. But then the bombshell: according to CNN, Price invested
in a health care company, then pushed legislation to drive up the stock price.
Smoking gun! Dead to rights!

Here was the CNN report:
Price bought between $1,001 to $15,000 worth of shares last March in Zimmer Biomet, according to House records reviewed by CNN. Less than a week after the transaction, the Georgia Republican congressman introduced the HIP Act, legislation that would have delayed until 2018 a Centers for Medicare and Medicaid Services (CMS) regulation that industry analysts warned would significantly hurt Zimmer Biomet financially once fully implemented.
CNN then quoted a bevy of ethics experts saying that the situation was quite grave.
And then Ellen Carmichael, who has worked for Price, thoroughly debunked
 the story:

Good morning, all. Who's ready to see the Price CNN story debunked from start to finish? Here we go... (1/x)

CNN says that @RepTomPrice introduced legislation after purchasing stock. This is demonstrably false. Work on this began in 2015! (5/x)

Price’s spokesman said that Price would submit all holdings information to the Office of Government Ethics, and that Price would abide by any rulings by the OGE.
So, the new narrative that Price bought stocks and then designed legislation to enrich himself isn’t true. It’s Fake News.