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The Fox News Hate Machine Has a New Target

Reported by Melanie - March 15, 2005

Any frequent Fox News watcher knows that Fox systematically and patiently paints negative pictures of certain people and certain groups, most notably anyone who doesn't agree with those now in power. Eventually, all Fox has to do is mention the name of the person or group and the regular Fox viewer "gets the message." An example would be Ted Kennedy. Over the years Fox News has painted Ted Kennedy as "the most liberal" Senator, as a man who is off his rocker, and one who isn't worth the time of day. Fox's picture of France is infamous. Fox viewers believe France is a wimpy, whiny country full of sissy cry babies who sit around drinking lattes as the little finger on the hand holding their coffee cup sticks up in the air. Fox viewers believe Bill O'Reilly's laughable claim that his "boycott France" campaign is actually working.

The word "Hollywood" conjures up images of rich, narcissistic hedonists having sex on the sidewalk as they smoke a joint, flash the peace sign and get ready to go to their next orgie where they'll plot the overthrow of the country and the abolition of all religion. So the mere mention of "Ted Kennedy" or "France," or "Hollywood" is all that's needed in order to paint a negative picture for the loyal Fox viewer.

Neil Cavuto is beginning such a process with New York Attorney General Eliot Spitzer. Eliot Spitzer is a very confident, very well respected Democrat who has made no secret of the fact that he intends to run for higher office, most likely Governor of New York. Fox never sleeps and in their view there's no time like the present to start painting Eliot Spitzer as a bad guy. If and when Spitzer announces what he will do next, the foundation will be laid and all Fox will have to do is build on that foundation.

Today (March 15, 2005) on Your World w/Neil Cavuto, Cavuto invoked Spitzers name two times when speaking about the resignation of the CEO of AIG. Hank Greenberg, the CEO of AIG for the past 40 years, was forced to resign over the weekend by AIG's board of directors.

In the "Biz Blast" portion of the show Cavuto announced Greenberg's resignation, saying, "AIG's Hank Greenberg is officially out. Greenberg, retiring after 40 years. Done in by Eliot Spitzer's probe of the insurance industry." (It was interesting that this came immediately after Cavuto said the SEC (see below) was going after "former hot shots at Qwest Communications.")

During an interview with a Harvard business professor about corporate boards, Cavuto asked, "What do you make of the fact that some of them, even before this trouble at AIG, the fact that Eliot Spitzer was sorta going down on Hank Greenberg and very carefully watching how that company was recording its profits..."

According to an article in Forbes magazine,

The move came amid a widening investigation of AIG by New York Attorney General Eliot Spitzer, federal prosecutors and the Securities and Exchange Commission. The regulators are looking into the use of so-called finite insurance, or financial reinsurance, which critics say could be used to manipulate earnings. (Emphasis added.)

London's Financial Times said,

The triggers were subpeonas sent to the company last month by the Securities and Exchange Commission and Eliot Spitzer, New York State attorney-general, seeking information about an insurance contract agreed between AIG and General Reinsurance in 2000. The regulators were looking for evidence that Mr Greenberg was directly responsible for the contract and that it was used to inflate AIG's reserves by $500m. (Emphasis added.)

Comment: There are hundreds of articles about Greenberg's ouster on the Internet. From a quick read of several of them it sounds as if there is much more to Greenberg's ouster than simply the attention Eliot Spitzer, (and the SEC!) is paying to the insurance industry. But, in the world of Fox, again, there's no time like the present to make this about Eliot Spitzer, the renegade bad boy of corporate destruction, going after all those patriotic CEOs who are working hard to make America great and to provide jobs for "the folks."

Below are some prior posts showing the history of Cavuto's effort.

February 16, 2005: Look Out. Eliot Spitzer's One of Them.

January 31, 2005: The Hate Business

November 9, 2004: Eliot Spitzer, Fox News, and Marsh McLennan,


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