In case you were wondering when and if Fox News would blame the stock market woes on President Obama, you can point to Fox News contributor Herman Cain on Your World yesterday.
After promoting, I mean discussing a Republican effort to curb the acceptance of refugees entering the U.S., the discussion turned to the horrendous day for stocks.
Host Neil Cavuto described Cain as a “successful businessman before you were a presidential candidate,” then asked, “How do you think it’s going to shake out?”
Cain predicted a recession and it’s pretty much all Obama’s fault.
CAIN: I predicted at the end of last year that we were gonna see a recession this year, for the following reasons: Number one, I believe that the administration has been overly optimistic about what the GDP is gonna be. …Secondly, they didn’t anticipate the volatility of the market because of China and particularly oil. I believe that the abundance of oil is one of the big drivers in the volatility we are seeing in the market. So I happen to believe that it is headed right where I suspected because the numbers that they put out every week about unemployment are phony. The numbers they put out every month about unemployment are phony and they’re not counting and they’re deceiving people.
Then Cain and Cavuto went on to promote, I mean discuss Republican solutions.
Watch it below, from the January 20 Your World. The discussion about stocks begins at about 1:25.
I’m sure you’re right! I hope you don’t mind if I use that line (with credit).
The dumba— Cain promotes a popular debunked right-wing conspiracy theory the Obama administration (and the mainstream media) are cooking the unemployment numbers. What idiots like Cain don’t understand is there are a number of unemployment statistics maintained by the BLS. Right-wingers rage about the most commonly one reported. In truth, the number of discouraged workers, for example, are tracked and publicly available. Heck, Fox News reports such stats to embarrass Obama. Sheesh!
Okay, credit to Neil to get Cain to back off his smear a little bit though they need to walk it all the way back.
And if Cain claims he predicted the Saudis would disrupt oil markets by pumping like crazy in the middle of a glut I want to see the documented quote. Because I’m confident Cain is lying.
Dumba— Cain has no clue what a recession is. It’s not just the Obama GDP estimates being a little high. It take 2 consecutive negative quarters of GDP.
No surprise the dumba— thinks cutting taxes is the fairy dust to fix our economy but please explain how that will fix the oil glut that’s crashing the stock market.
Fox News: Home to the worst economic news analysis outside of North Korea. 👍