In case you thought there was something that Fox News wouldn’t or couldn't politicize…
Some of the “similarities,” according to author Sharon Kehnemui, are “1. It Prevents Businesses From Operating Freely;” 3. “It Runs Roughshod on the Free Market” (because grocery store shelves are empty); 6. “It Impacts the Ability of Our Children to Get an Education.” You get the idea.
My friend, Steve M., of No More Mister Nice Blog, did a great job debunking the whole piece. For example, Kehnemui used scare quotes with the word “blizzard” when the current storm bearing down on the northeast perfectly meets the National Weather Service’s definition of a blizzard.
Steve further nails it, when he says:
But why publish it? I guess if you’ve cultivated a crack-level addiction to rage in your audience—rage at Washington, rage at “big government,” rage at liberalism—the folks in your audience will take anything that will satisfy the craving, no matter how poor the quality. This piece is cut with incoherence, but it’ll (barely) satisfy the jones. Don’t worry, though—Fox will be back with purer stuff sooner or later.
Off topic, but since you mentioned “Princess Moose-alini’s” (i.e. Sarah Palin) infamous words “You betcha” Ellen, I just heard that a 6.8 magnitude earthquake hit southern Alaska. How much do you want to bet that Princess Moose-alini will be DEMANDING LOTS OF AID from FEMA in LESS THAN 24 HOURS?
Cavuto interviewed Christie who pandered to the Tea Party ‘too big to fail’ populism by saying he’d let the big banks fail. In other words, due to public frustration over bank mismanagement and a lack of effective regulation, Christie would like to relive the Great Depression.
My sole ally is actor turned expert index fund investor (chortle) Ben Stein. That’s unfortunate and his defense of a bailout lacks depth but you can’t let financial institutions which hold trillions in business (of all sizes) and government (of all levels) uninsured assets go poof. Notice there’s no Fox Business understanding of Banking 101 like reserve requirements and the consequences of failure.
Not to mention, as proved by collapse leading to the Great Recession, there isn’t a way to isolate the problem to a few institutions.
Brokerages issue complex bundled mortgage instruments insured by banks and insurance companies held by mutual funds (ties to small investor’s pension funds and 401Ks), government agencies like Fannie Mae, and all sorts of financial institutions dealing in mortgages.
What we need is transparency and oversight. Just what Republicans (and Fox News by extension) hate. 👍
Fox News accused State of foot-dragging and claimed they were using the excuse of #Blizzard2016 for a month delay.
Of course, Fox is only telling a fraction of the truth. While State did say #Blizzard2016 was delaying getting emails into the hands of other departments, the meat of their argument is they left some of the most complicated emails to the end and they need extra review from a lot of government agencies.
It doesn’t even make sense why a Democratic Obama administration would drag out an investigation embarrassing the party’s frontrunner. Though, of course, Fox News likes to dream up fact light right-wing conspiracy theories Obama and Hillary hate each other when that narrative is convenient (and Obama loves her and is covering for her when it isn’t).
Everybody up on the east coast, hunker down. It’s time for Campbell’s soup and your favorite brand of chili. But no beans. Makes a small house smaller.