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Fox News Backs 'All-American' Companies that Don't Hire Illegal Immigrants

Reported by Judy - May 6, 2006

Ever since Monday's immigration rallies, Fox News has been subtly beating up on companies that closed down when their workers participated in the event, but the effort hit a new note on Saturday (May 6, 2006) when Brenda Buttner suggested on "Bulls and Bears" that people should not buy stock in those concerns.

"You want to support America -- then buy the stocks of companies that don’t hire illegal immigrants – the true all American stocks," she shouted. She asked her panel of "experts" if "the best stocks to buy are the ones that did business as usual when the boycott was on because they don't hire illegals." In introducing the segment, Buttner inflected the word "illegal" in the phrase "illegal immigrant walk-out" to make it sound like the walk-out itself was illegal.

Gary B. Smith, of Exemplar Capital, suggested Fed-Ex because it kept delivering packages on Monday. Charles Payne, CEO of WallStreet Strategies, suggested Bear Stearns, an investment company, while Bob Froehlich, of DWS Scudder, suggested Fannie Mae, the federally chartered mortgage company.

Now, the companies mentioned in news reports that closed or had trouble getting all their work done that day included chicken processing companies, meat packers, landscapers, delis, and so on. The "Bulls and Bears" segment might have been more valuable if it had suggested companies in those lines that did not close so that I could patronize all-American companies that don't break the law. The fact that no such companies were singled out says something about the value of immigrants to the labor force.

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