Neil Cavuto: a Firewall for the Bush Administration
Reported by Melanie - May 17, 2005
It's pretty clear from watching Your World w/Neil Cavuto that Neil Cavuto loathes Alan Greenspan. Not only does Cavuto loathe him, but he blames Greenspan for everything that's wrong with our economy. Of course, the fact that George Bush reappointed Greenspan head of the Federal Reserve as recently as a year ago isn't mentioned, nor is any part Bush himself might play in the economic scheme of things. As a matter of fact, I believe Cavuto uses Greenspan specifically to divert attention away from Bush, his Treasury Secretary, and the Republicans in general.
Cavuto frequently accuses Greenspan of "willy nilly" interest rate hikes. Today Cavuto was guilty, in my opinion, of a "willy nilly" statement about mortgage rates. Here's what he said as he broke for a commercial:
"Well, what if I told you at one of the next Fed meetings, you know what they're gonna do? They're gonna hike your adjustable mortgage rate a half a point. Think it can't happen? Think again."
Comment: Greenspan has been around so long, I wouldn't be surprised if a good portion of Cavuto's audience thinks of him as an unwelcome hanger-on from the Clinton administration, which would certainly be convenient. After all, the goal is to blame somebody, anybody but Bush for our economic woes.
Here are some prior examples of Cavuto blaming Greenspan, or setting him up to take the fall for anticipated bad economic news.
Cavuto: Alan Greenspan's Trying to Kill Consumers
Rich w/Bush, Poor w/Kerry
Who's the Crazy One Here?
An Interest Rate Hike? It Ain't Bush's Fault
