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Fox Reporter Lies About Why Barack Obama Hasn't Been More Specific re the Financial Crisis

Reported by Melanie - September 20, 2008 -

Neil Cavuto and his band of "Cost of Freedom business block" warriors broadcast live this morning (September 20, 2008) in order to cover the latest in the financial crisis. At one point, Fox's Caroline Shively reported on what the presidential campaigns have said about it. During her report on Barack Obama, she said,


Barack Obama said he backs giving the Treasury and the Federal Reserve broad authority; as much as is necessary to stabilize the markets and to maintain credit, but that's about as specific as he would get yesterday. Obama said he didn't want to spell out details on his own plans, to avoid sending the market into turmoil.

He didn't want to "spell out details" to "avoid sending the market into turmoil?" What? As if his plans are so radical, so outrageous, so anti-Wall Street that they would send the markets "into turmoil?" That's what Shively would have you believe but it's a lie.

Here is the text of what Obama said yesterday. This is what he said about spelling out details: "Finally, given the gravity of this situation, and based on conversations I have had with both Secretary Paulson and Chairman Bernanke, I will refrain from presenting a more detailed blue-print of how an immediate plan might be structured until I can fully review the details of the plan proposed by the Treasury and the Federal Reserve."

Sounds pretty sane doesn't it? Not crazed and diabolical be afraid, be very, very afraid like Fox would have you believe.