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Neil Cavuto Airs Preemptive Segment Just in Case Obama Wins and the Stock Market DOESN'T Crash

Reported by Melanie - November 3, 2008 -

Regular readers of this site know that Neil Cavuto, Fox's "business news" guy, has spent the last month blaming the stock market crash on Wall Street's fear that Barack Obama will win the election. (Here, here, here, here, here and here.)

But alas, the hour is late so what's a propagandist to do? If Obama wins tomorrow, one would assume — based on Cavuto's lies — that the market will go down so far on Wednesday that it'll literally be painful to watch.

But hey, the guy's thinkin', along the lines of CYA that is. Today (November 3, 2008) he aired a segment captioned (drum roll please), "Will Stocks Get an 'Election Relief' Rally?" His guests, Jonathan Hoenig of CapitalistPig and Jack Gage of Forbes said yes, predictably, because "the markets don't like uncertainty." But for people who've been following this saga along with me, you'll love this Cavuto quote which is a 365º backtrack on the "Obama sell-off" lie he's been telling:

Hoenig: "What did we see in October? The markets were a wreck, and I think that was a market, as Jack pointed out, that was the market pricing in, essentially an Obama victory..."

Cavuto: "That was a, no, come on! That was a market pricing in just global financial panic."


Comment: Hah! Pretty funny huh folks? Prior to today (see links above), Cavuto was mouthing exactly the same line of crap as Hoenig but now, apparently, he's come to God, all in preparation for the next phase of propaganda: If Obama wins, every single down-tick on Wall Street will be his fault. If McCain wins, every single uptick will be a sigh of relief. I'm glad the election's upon us. I can't take much more of this whiplash.