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Ridiculous Premise of the Week

Reported by Judy - November 12, 2005

Brenda Butner gets my award for the most ridiculous premise of the week for her segment on "Bulls and Bears" Saturday (November 12, 2005) in which she asked whether the French riots would be good for America.

Butner, host of "Bulls and Bears," posed this question to the panel of financial "experts" she flirts with every week. The sole purpose of the question was to let Fox News beat up on the French a little.

Joe Battipaglia, of Ryan Beck and Co., obliged, saying the French don't understand the Muslims (like Americans do?). He predicted it would be a small positive for the U.S. economy because the American dollar woul do better against the Euro.

Charles Payne, CEO of Wall Street Strategies, said it shows the hypocrisy of the French and Germans "and the way they coddle" and then he broke that off. Afterall, these Muslims are French citizens, members of a minority group if French society, and maybe Payne didn't want to be seen as suggesting governments should crack down on minorities who protest their treatment by the dominant group in society. Payne switched horses midstream and accused the French and Germans of "always putting American down. ... Those peoplare crying out for help."

Tobin Smith and Scott Bleier similarly criticized the French economy for not allowing "social mobility."

Only Pat Dorsey of Morningstar.com stuck to the premise of the question. "I don't think it affects the market very much at all. Our experts to France are pretty miniscule and at the end of the day it's pretty small potatoes next to the U.S. economy," he said.

Dorsey apparently doesn't salivate like one of Pavlov's dogs when he hears the word "France" or "the French." He's way too reasonable of a person to waste his time showing up for this show week after week.

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