Tuesday, January 08, 2008

Tears For Fears

The stock market plunged again on Tuesday. A few minutes after the close of trading, when one might reasonably have expected a recap of the day's business news, Fox Business Channel (not the regular FNC) ran this segment: "Hillary teary-eyed in NH: What if your boss did the same?" The sub-caption: "Crying: Bad for Business?"

And in case that story on a bad day for the market (emotional Hillary = bad environment for American business = your stocks go down!) was too subtle for the average lowbrow viewer, this "business" channel followed up with another segment: "Pentagon video of Iranian ships confronting U.S. ships."

In 2003, Iraq did nicely as a distraction from the fallout of the late-90's tech bubble. On the downslope of another bubble now, it won't be as easy this time post-Iran NIE. But if there's anything that demands vigilance, it's an administration with no one to blame in an election year -- and nothing to distract people from the increasingly serious consequences of its policies.


Anonymous Gus said...

Looks like there's a new scariest news story of the week...

1/08/2008 11:02 PM  
Blogger wendyo said...

I'm very unhappy Hillary appears to have won...I'm a "feminist" in my 40s, but I want a CLEAN break from the past. Obama all the way.

I'm sending more $ to his campaign, though I can little afford it.

1/08/2008 11:38 PM  
Anonymous goldhorder said...

Saville gets the gold star today



Your saviour will not come through national politics. Your salvation will come through protecting your net worth by buying gold. IMHO. This things got a life of its own...and it all began in 1972. A short 35 years ago.

1/09/2008 9:45 AM  
Anonymous Not sure said...

They only have to wait a few more months for people to forget the NIE. Any reference to it after that will get written off as old news. They must be right this time. That puts us in the June/July timeframe. Late enough to affect the Nov. elections. Who's your daddy ?

1/09/2008 6:20 PM  
Anonymous Anonymous said...

I don't recall the NIE discounting the dangers of Iran's "Bowriders of mass destruction"!

1/09/2008 6:34 PM  
Anonymous goldhorder said...

Chris Laird...a very smart guy...on stagflation


1/10/2008 11:47 AM  
Anonymous Anonymous said...

I think those colorful blue and red pie charts are more attractive than say real news, hence the tears broadcast..

... but at least you're not alone in this fight!


1/10/2008 7:21 PM  
Anonymous Anonymous said...

Fox News never ever reports anything that is against Republican interests. It was very interesting to flip channels on evenings just after the 2006 elections where the Republicans got stomped. CNN and MSNBC had endless reporting on the elections and the ramifications. I was intrigued by how Fox would be covering this bootstomping of Republicans, what kind of excusesthe would make etc etc. Flipping to Fox News, I was stunned to find virtually no post-election coverage and instead the focus was on things like hikers lost at Mt. Hood and Anna Nicole Smith nonsense. They probably trotted out some crap about Natalee Holloway again, too. It was as if the elections never happened.
Their non-reporting of anything that hurts the Republican cause is scandalous.

1/19/2008 10:33 PM  
Anonymous Mr. Hedley Bowes said...


1/28/2008 10:42 AM  
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