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Fox Business Show Bashing Obama Again

Reported by Judy - March 31, 2007 -

Fox News did not wait long after inking its agreement on 2008 presidential debates with the Congressional Black Caucus to go back to slamming Sen. Barack Obama. One of the news channel's so-called "business shows" distorted the Democratic presidential hopeful's comments on the role of the government in the economy. With video.

Brenda Buttner, host of "Bulls and Bears" on Saturday (March 31, 2007) claimed that Obama said this week that the federal government should try to make sure all Americans are wealthy.

"Is it Uncle Sam's job to make you rich? Barack Obama thinks so," claimed Buttner.

It was no slip of the tongue. Buttner also said during her show that Obama thinks the government should "make sure everyone in America is prosperous."

Unfortunately, when Buttner played video of Obama speaking, that's not what he said. Instead, Obama said that the Bush administration has pursued economic policies that assume that the "government has no role to play in making sure that America is prosperous for all people and not just some."

That's a far cry from saying the government should make you rich.

After Buttner's dishonest lead-in, panelist Gary B. Smith, of Exemplar Capital, launched into a tirade of how this country was founded on the "belief of people making it on their own."

Panelist Adam Lashinsky, of Fortune magazine, tried to calm Smith down, noting that Obama's remarks were misrepresented and what he was saying was not that different from saying Americans had a right to life, liberty and the pursuit of happiness. "It's not such an outrageous thing to say as you make it out to be," he told Buttner.

Tobin Smith, of changewaveresearch.com, assailed Obama for never having created a job. And then Scott Bleier, of hybridinvestors.com, implied that having rich people and poor people in a society is some sort of pre-ordained system. "There is supposed to be several classes," he said.

The panel was inconclusive, but the main thrust was still to portray Obama as a radical who can't be trusted not to steal from the rich and give to the poor.

As for Smith's claim that the nation was founded on the principle of people making it on their own, nothing could be further from the truth. The nation was founded to a great extent on rich people taking advantage of poor people, with the help of the British government. The crown gave land grants to rich people, who then imported indentured servants and slaves to do the work for them. Through the 18th century, about two-thirds of those who came to North America came in some sort of unfree status -- either indentured servants, who often died before their terms of indenture ended (especially in the early years) or slaves.

The Congressional Black Caucus Institute ought to have known that it made a deal with the devil going in. Wait until Fox News starts playing with the chyrons on debate night.