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There are many things that Dobbs says that are false and misleading, it is hard to choose just one.

Here are a few points with a link...Quote :

Dobbs Watch: New Report Calls Dobbs the 'Dan Rather of Financial Journalism'

-- CAFTA "never even received neutral consideration" on Dobbs' show. Seventeen separate stories took the hard anti-CAFTA position. How's that for balance?

-- Dobbs continually uses the phrase "so-called" as a modifier for "free trade". This from a so-called journalist?

-- Lou devoted some 33 stories to China during the four-month period of the study. (Actually it was a week -- it just felt like four months). Of those, 89% criticized trade with China. More balance from the big man. This is journalistic vertigo!

-- In his haste to further his obsession with outsourcing, he failed to mention the 5.4 million jobs that are insourced by non-US companies doing business here. It's why they call it "global" trade, Lou.

http://blog.nam.org/archives/2005/08/dobbs_watch_new_report_calls_d.php#comments

For Lou Dobbs, It's Always Groundhog Day

As anyone who has ever suffered through Lou Dobbs' show can tell you, to see it once is to see every episode. We've said it before: He has the best gig on television -- or anywhere for that matter -- in that he does the same show night after night. Every night he serves up a daily dose of misery and mayhem wrapped around a singular theme: America is going to hell in a handbasket. Indeed, it is the darker, TV equivalent of the movie, "Groundhog Day."

http://blog.nam.org/archives/2006/02/for_lou_dobbs_i_1.php#comments

Fun Fact #1: US Still First in Global Manufacturing

A while ago we wrote to rebut Lou Dobbs' twisted view of the state of the union. We pretty much got it all out of our system except to correct one very important fact. He was alleging that China was now the world leader in manufacturing. Not true, but that doesn't mean folks don't believe it.

Here's the truth: the US is the largest manufacturer in the world and accounts for nearly a quarter of global manufacturing output. This makes the US manufacturing sector over two and a half times bigger than China's manufacturing sector. No doubt about it, they are growing, but the early obits for US manufacturing are, well, premature. We continue to be the largest manufacturer in the world and we continue to be the best manufacturers in the world.

http://blog.nam.org/archives/2006/02/fun_fact_1_2.php#comments