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Fox News' Despicable Bush-Based "Reality"

Reported by Melanie - May 4, 2005

Today (May 4, 2005), Neil Cavuto opened his show this way:

"Well, Shep, it never, ever fails. Bag a bad guy in the War on Terror, bag a big gain at the corner of Wall and Broad. Stocks up on news that an Al Qaeda bad guy goes down. So who says winning the War on Terror doesn't have a real financial connection? We're all over it."

After a full fledged FOX NEWS ALERT, Cavuto continued: "This is a Fox News alert. Stocks up on news an Al Qaeda bigwig goes down. Now, it didn't hurt matters any that a billionaire is making a bid for GM but the fact that you did have President Bush hailing the capture of Abu Farraj Al-Libbi this very day certainly didn't hurt the markets this very day. Not by a long shot."

Comment: Below are four articles summarizing today's market activity. None of the articles contain the words "Al Qaeda," or "capture," or "Abu Farraj Al-Libbi," or "President Bush," or "War on Terror." Obviously, the capture of Al-Libbi was not the headline (or even the secondary) reason why stocks rose today. To say it was is nothing more than pure propaganda. Bush's poll numbers are down and that's why Cavuto is emphasizing this event. Cavuto should be ashamed; he lied to his trusting and unsuspecting audience. (And this is the crowd that claims to have a lock on morality?!)

Forbes: Stocks Close Higher on Kerkorian GM Offer
Business Week: Stocks Higher on GM Stake Offer, Mergers
Bloomberg: U.S. Stocks Rise; Auto Shares Rally on Kerkorian's GM Offer
Reuters: Stocks rise; GM and MetLife help

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