Fox Business Network Has Destroyed U.S. Economy
By William K. Wolfrum, Shakesville
Posted on January 22, 2008


Ok, that headline may come off as misleading. Actually, Conservative economic policies and the Bush Administration have been the ones that have lead the U.S. economy to the point where the world is starting to engage in widespread panic.

But, six of one, half-a-dozen of the other.

But the evidence is overwhelming. Fox Business Network came on the air on Oct. 15, 2007. According to Barry Ritholtz: "On the last trading day before FBC debuted, the Dow closed at 14,093."

On that Friday, Oct. 19, 2007: The Dow Jones Industrial Average sank 366.94 points, or 2.64%, to 13,522.02. The S&P 500 was off 39.45 points, or 2.56%, at 1500.63, and the Nasdaq Composite plunged 74.15 points, or 2.65%, to 2725.16.

Today, the Dow is at 12,099.30. And trading hasn't started yet.

Yes, in just four months since FBN came on the air, the Dow Jones has lost 2,000 points. And pretty much every other economic factor you can find has plunged, as well. As for the world's economy since then? Well, check any business or news Web site.

In 2007, Rupert Murdoch said CNBC is too "negative towards business" and that Fox Business would be more "business friendly."

Yeah, that seems to be working.

So while stock market and economic experts spend the day desperately trying to figure out the whats and whys of the current U.S. and world economic downturn, I figure my analysis is just as worthy as theirs.

So I blame Fox and Rupert Murdoch. And by extension, the people they are fronting.

William K. Wolfrum is a regular blogger for Shakesville

Seems perfectly logical. I see no problems.

Of course. Correlation is king, you know. The earth is in an interglacial period, meaning that we are not--get ready for this--having an ice age now. People are driving vehicles which--get ready for this one too--they didn't do 150 years ago. And quod erat demonstrandum. See how simple it is?

If you want it to be. Slick and the MTE entered the White House in 1983. A shitload of corruption started in 1983. Absolutely <i>nothing</i> there.

1983?

But yes, I see the correlation... Party logic and Truth(tm) dictate that Mikhail's comparrison in the article linked MUST be true because BDS/HBO emphatically states it must. And BDS/HBO is Party Truth(tm) so therefor it MUST be true.

And now I am ready to begin the madatory "Two Minutes Hate" againt all things conservative (until the Party dictates a new Truth(tm)).

TankoGrad, owing to your excellent service to the Party, I hereby give you a brevet promotion to the next rank, which is Apparatchik Hypocrite.

You do not actually have to spend your time hating things more than comes naturally to you. Let the Kos Kiddies do all the hating; that, dear friend and comrade, is what the moonbats are all for. Me? It just roils my innards. I just figure out how to screw people over, feel really good about it inside, and put on a sad face and act like it hurts me.

You know. That old 24K hypocrisy. Never lets you down.