January 04, 2008

Un-Foxing-Believable

This evening, the Fox Going-out-of-Business Channel's Cavuto show got obsessed with the idea that a big factor in today's 256 point drop in the Dow should be blamed on the success of Obama and Huckabee, who according to the show's regulars are the biggest anti-capitalists since Marx and Lenin.

Could it have something to do with fallout from the credit-market meltdown? Nuh-uh.

Maybe today's leap in unemployment in the jobs report? Nah.

How about profit taking in sectors that have held up through the year end, in anticipation of further economic deterioration fomented by the failure to regulate the credit markets? No way.

It was Obamabee's hatred of the wall street wealthy and fear of taxes that spooked the market. OMG - both Democrats and Republicans are out for our money.

At least according to Neal, Charles, and Jonathan.

Makes "Mad Money" Jim Cramer seem down right sane and rational.

I wonder if that theme's going to carry over to Saturday morning's "Cost of Freedom" shows on their parent Faux News Channel. At least I'll be able to fast forward through the silliness if it does.

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