As I write this, the story at this link reflects a 1.36% decline in the stock market so far today, on top of Friday’s record sell off.
Is Fox up to the challenge? They’ve been touting the market’s rise since Obama left office as proof of Trump’s supercalifragilisticexpialidocious presidentiality. Now they have to do a 180 and blame the recent drop on Obama.
Do they have it in them to tie themselves in knots to engage in that sort of intellectual dishonesty in order to propagandize for the genius?
Why ask? You know they do. And the Republicans will pick up on it.
On a personal level, the hit to my 401k will be worth it, if, the next time I go to a hearing in Hartford, I can ask the Trump loving security guard how his 401k is doing, since last time I was there he gave the genius credit for its recent growth. Then again, he’ll just blame Obama too.
UPDATE: Okay, I know it was practically a no brainer, but I can’t resist patting myself on the back. Media Matters reports that Sean Hannity has blamed Obama for the market’s drop:
SEAN HANNITY (HOST): Because the Obama economy was so weak all of these years we had just artificially cheap money. Now what’s cheap money? Cheap money is when you can borrow at ridiculously low rates. The era of cheap money at some point has to come to an end. The government has artificially, the Fed has artificially kept the price of money down and the price borrowing down and now that’s going to come to an end. In many ways it represents; Ashley Webster is the name? In many ways it’s a sign of the strength of the economy more than anything else.
Yet another prediction. Hannity’s convoluted explanation for Obama’s responsibility just won’t do, and Fox will eventually settle on something simpler but just as stupid. Note at the end he tries to have it both ways, Obama caused the drop, which is bad, but the drop is a sign of the strong economy, so it’s good. The other folks at Fox may try to work that in to whatever they ultimately settle on.
Post a Comment