CNN’s technique for reporting fake news — leave out key facts

The art of omission is often the way people lie about something. Say that  someone was in bar room brawl but omit that he was peacefully minding his own business when he was attacked and merely defended himself. CNN takes it to new heights with a recent story about Dr. Tom Price, Trump’s pick for Secretary of Health and Human Services:

Rep. Tom Price last year purchased shares in a medical device manufacturer days before introducing legislation that would have directly benefited the company, raising new ethics concerns for President-elect Donald Trump’s nominee for Health and Human Services secretary.

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.
The Daily Caller reports the key facts CNN omitted:
  • Importantly, Price played no role in the decision to purchase the stock, which was executed under a broker-directed account by Morgan Stanley, according to a source with direct knowledge on the issue. The stock purchase was by his brokerage firm during a regular rebalancing of accounts.
  • The congressman — who for two decades was an orthopedic surgeon — also went on record opposing the CMS regulation six months before the stock selection had been made.
  • On Sept. 21, 2015 Price joined 60 Democrats and Republicans who questioned the Obama administration’s new, controversial Medicare reimbursement policy.  In the letter, the group asked Andy Slavitt, the CMS acting administrator, to delay the regulation.
  • Further, Price introduced his legislation before he knew of the stock purchase. He was the chief sponsor of the HIP Act and he introduced it on March 23, 2016, according to House records. But Morgan Stanley did not inform Price of the Zimmer Biomet stock until April 14, according to House financial disclosure forms on the Georgia congressman’s transactions.

The CNN fake news story was picked up and reported by other news outlets including  ReutersCBS News, New York Magazine, and Forbes.

A lie can travel around the world before the truth can get out of bed and get its pants on.

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