Chavez Hysteria Watch....
Today, CNBC's "Squawk Box Poll" asked viewers the following: "When it comes to Hugo Chavez, which is worse? His bark or his bite?" Accompanying the poll: "Squawk Box wonders whether socialist talk by Venezuela's president will be backed by anti-U.S. action."
In the wake of the worst May for the S&P 500 since 1984, it's no surprise that a business news channel would focus on a desperately needed scapegoat like Hugo Chavez.
A perfect microcosm of what happens when an economy rolls over over, external "enemies" become more important, and a nation slowly loses its collective mind....
In the wake of the worst May for the S&P 500 since 1984, it's no surprise that a business news channel would focus on a desperately needed scapegoat like Hugo Chavez.
A perfect microcosm of what happens when an economy rolls over over, external "enemies" become more important, and a nation slowly loses its collective mind....
posted by The Cunning Realist at Thursday, June 01, 2006
5 Comments:
I wonder if the average Roman citizen felt at all like this while Nero "strummed".
judyo
I think that the real reason that Chavez resurfaced on CNBC because he spent millions of dollars to host this year's OPEC summit while critical infrastructure (like a highway bridge that connects the airport to the capital) lies in ruins. Chavez also wants OPEC to cut production so as to keep oil prices high, if not make them go higher.
Granted I did not see Squawk Box this morning, but I don't have to tell you that Chavez oil rumblings are a legitimate news story for the likes of CNBC. The price of oil affects everything in business as you know.
While Larry Kudlow may be a stoolie for neocon aggression, the rest of the network isn't (That's FOX's job). They're focused on what affects Wall Street, though they do fall for the red herrings often enough.
Here's the Fox media for you:
Olbermann exposes O'Reilly on Malmedy
If they'll go to this extent, what wouldn't they lie about (and remove from the transcript)?
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