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The Excuses Neil Cavuto is Making for Why the Dow is Falling are Getting Pretty Darn Wacky

Reported by Melanie - July 14, 2006 -

As is well documented on this site, Fox News credits increases in the stock market to the wise stewardship and skillful economic guidance of George Bush and his administration. Declines in the market, however, are always (and I mean always) the fault of a force far removed from Bush and his cohorts. In 2004 for example, downward trends were attributed to Wall Street's fear that John Kerry might win the election. Since then, culprits have included Syria, Iran, the media (it refuses to report the abundance of good economic news), Hugo Chavez of Venezuela, and environmentalists (they oppose drilling in the ANWR). You name it. The list goes on and on.

Only weeks ago, Fox's business guy, Neil Cavuto, the head of Fox's business news department and the host of Your World w/Cavuto, was jumping up and down in his seat and practically vibrating as the Dow approached 12,000. The genius of George Bush's economic policies - specifically his tax cuts - would then become obvious. Bush would be vindicated and the tax cut critics would (hopefully) slither back into their swamp.

Lo these weeks later, Cavuto's apparently running out of people, countries, and events to blame for why the Dow has lost nearly 1,300 points. Possibly fearing that his audience is tiring of, or becoming wise to, his rapidly rotating list of excuses, Cavuto came up with a new one today (July 14, 2006): scaredy-cat investors. They're wimps. They aren't as tough as our soldiers. They "hit the road" when things get rough. Bottom line: They're chickens!

Read all about it here, in Cavuto's "Common Sense." "Common Sense" is Cavuto's "official" daily editorial segment. (Fox deceitfully separates it from the editorializing that takes place during the 57 minutes that precede it.)

After you click on the link (above), note that two thirds of the way down, at the jump, there's a caveat: Story continues below. Finally Fox got something right in its reporting about the fluctuations on Wall Street: What they've been telling their audience is nothing but a story.