Four Years Ago Fox Didn’t Care About Jobs Numbers
Four years ago I was winding down after a stint as a researcher on the documentary film OutFoxed, Rupert Murdoch’s War on Journalism and four years monitoring Fox’s “premiere business news” anchor, Neil Cavuto.
Just for fun I moseyed on over to the Newshounds tonight to see what I posted on October 5, 2008 to compare and contrast what Fox was saying about the millions of jobs the Bush administration was losing then to what they’re saying now.
Insofar as October 6, 2008 was a Sunday, I didn’t put up a post but I did put one up on Monday, October 7. Here it is:
Cavuto Continues to Insist the Economy’s Just Fine
Democratic strategist Malia Lazu was a guest today (October 7, 2008) on Your World w/Neil Cavuto. She was on to respond to Cavuto’s contention that “comparing today” to the Great Depression is “making things worse.” Cavuto cited the cover of the October 13 issue of Time magazine as an example.
Lazu, picked to appear in the segment because she represents Democrats and on Fox, Democrats are essentially traitors because they think America has problems and that it isn’t the all-powerful, perfect, ever-shining beacon on the hill, argued that we are in very bad economic shape and that people are suffering and they are worried that we’re headed for another Depression (polls prove her right).
Meantime, Cavuto spouted off statistics – unemployment is nowhere near 25% and where, pray tell, are the soup lines?
Immediately following the segment with Lazu, in an effort to reinforce his own spin, Cavuto hosted Danny Fontana of “The Danny Fontana Show” and of “Triune Capital Advisers” (never heard of either). Fontana was on to say that now is the buying opportunity of a lifetime! (I’m reading stuff that says consider any rally a selling opportunity – we’re going to Dow 7,200.)
Problem is, not only did Cavuto look totally out of touch, but he didn’t tell his audience (1) about the above-linked poll, nor did he tell them, natch, that (2) as of today, the Dow has posted the worst retreat since 1937 which was during the Great Depression.
Comment: I’m not saying that we’re in another Great Depression right now but Cavuto’s trotting along as if absolutely nothing is wrong. As if nothing has changed since, well, since I started monitoring him in early 2004. Guaranteed, if Obama wins, the economy and how awful it is will be Cavuto’s top story.
So, exactly four years ago Fox’s Neil Cavuto thought it was great that unemployment was nowhere near 25% (while Fox screams today that it’s in the low 8%) and the Dow was just above 7,000:
Today the Dow closed at 13,610.5.
I was right in my prediction. Obama won the election and now that we’re headed toward another, Fox says the the economy is awful, awful, awful despite it being hugely better than it was in October, 2008.
Oh, and you won’t hear about that on Fox until maybe, maybe sometime after November 6, depending on, you know, who wins.
Entry filed under: 2012 Election, Dumbed Down, Fear, Financial Crisis, Fox "News"/ Fox "Business" /Rupert Murdoch / Wall Street Journal, Repression, Republicans, Including Wingers & "Moderates", WingNutO'Sphere. Tags: .