It's Simple: Bush Good. Kerry Bad.
Reported by Melanie - September 9, 2004 -
I hope those of you who read this blog regularly see a pattern to the daily round table discussions on Your World w/Neil Cavuto.
Today (September 8, 2004), Cavuto introduced the segment citing the sentencing of Frank Quattrone (Credit Suisse First Boston's top technology banker), linking that to Martha Stewart and then leaping way ahead: "...[B]ut the fact that they both are going to prison, does that mean it's a good time to buy stocks?"
Guest Vince Farrell said, essentially, that there's no real correlation.
Cavuto moved on, directing a question to Scott Bleier: "Scott, do you think we need to see a lot more of these men and women behind bars, the ones who were sorta the poster kids for the 90's boom," behind bars to "give investors closure?" (COMMENT: Translation: The folks going to jail now were part of Clinton-era hedonism which resulted in corporate corruption and the "90's boom," which we all know turned to bust. Everyone lost money and it's Clinton's fault, but Bush is taking care of it because he wants to end corporate corruption.)
Bleier said that when you lie and cover up you've got to go to jail and that the market will applaud the sentencing and move on.
Fox News fair and balanced employee Brenda Buttner chimed in saying people need to go to jail who actually took money from people, like Enron.
Jon Elsen of the New York Post (A newspaper owned by Rupert Murdoch, owner of Fox News. This information not disclosed to viewers.) was next. He said Elliott Spitzer, the SEC and others are going after corporate crooks, then Cavuto asked about the mood of the market. Vince Farrell responded saying it was basically good and given all that's been happening (oil, terror) it's been a "stellar performance."
Scott Bleier said that in the past six weeks the "Dow is up, quietly, almost 600 points and the S&P is up 60 points from the lows, anticipating this Bush bounce that we're getting now." (COMMENT: I heard Cavuto use "Bush bounce" later in the show too.) Cavuto asked Bleier why he called it a "Bush bounce," and Bleier said, "because Bush is up 11 points (COMMENT: Data in some recent polls reflecting a huge "Bush bounce" and a big gap between Bush and Kerry have been called into question. New polls released today show the two tied.) and the market has obviously picked who they want to be president." Bleier continued: Whether you're a Republican or a Democrat a "market guy wants what's going to make the market go. Wanna make the market go up? George Bush is what's gonna make the market go up."
Farrell interjected that the market always goes up after an election but Fox News fair and balanced employee Buttner said "I don't think if John Kerry gets elected, though, this market's gonna go up."
Cavuto said that "a lot of the run-up we had in the Clinton years" was when "the Republican Congress took over," but that overall Clinton did okay [COMMENT: Translation: Clinton did okay thanks to Republicans.).
Leson said he thought that once the election was over the absence of uncertainty would contribute to a continued market rally.
Bleier said that it wasn't until the Hillary Clinton drug and health care plan was dead in the mid-90s that the market took off. (COMMENT: Republicans saved the day yet again.)
At that point Cavuto looked at Bleier and said: "You hate all Democrats don't you?" (COMMENT: This is the second time in recent days that Cavuto has made a statement about a guest "hating" a Democrat or Democrats. More on that later.) Bleier said "hate" was a strong word, and then there was some talkover.
Fox News fair and balanced employee Buttner said that it was the takeover by Republicans in the midterm election during the Clinton years that improved the markets. Farrell said that if Democrats were to take both houses as well as the presidency in November that'd be rough but the odds favoring that were slim. Leson said the economy's generally good and Fox News fair and balanced employee Buttner said "it's amazing the economy's doing so well."
The discussion then turned to the "huge pent-up demand" of money, ready to be spent, that, according to Bleier is "going to hit when it's clear who is president. If George Bush is president, I think companies will start to spend."
COMMENT: Check out the Cavuto & Your Money category. The above post represents the message hammered home every day on Your World w/Neil Cavuto: You'll lose money with Kerry. You'll gain money with Bush. Kerry bad. Bush good. That's all anyone needs to remember.
