Sell! Sell! Sell! It’s all over. The stock market is collapsing. Wall Street is bankrupt. The economy is toast. Head for your bunker with your gold bullion, guns, and bibles. The End Times are here.
Fox Nation is feverishly reporting that “Stocks Tank, Nasdaq’s Worst Week Of 2012.” If this isn’t evidence of Armageddon, I don’t know what is.
After this horrific market crash the NASDAQ will only be up 13.5% year-to-date – a mere nine times more than what the average bank savings account is earning for the whole year. If you listened to Fox you would have missed out on one of the most precipitous stock rallies in decades.
And when was the last time that Fox reported that the market was significantly higher in any week this year? Good luck finding that report. Fox is on a mission to make President Obama and his administration look bad. That requires trumpeting bad news about the economy and ignoring the good news.
The problem is that by doing that, Fox also exacerbates negativity that can have the effect of producing a self-fulfilling prophecy and frighten people out of the market. But Fox doesn’t care about that. Hurting Obama is more important to Fox than accurately reporting on the economy.
If there is no bad news to report lets make some up! Doesn’t Fox Nation know anyone can easily look this stuff up. Apparently, they don’t care. Their audience won’t look it up and even if they did all those pesky facts mean nothing if they were reported by the liberally biased msm anyway.
Romney campaign: This isn’t the economy we’d like to see.
A growing economy? A recovering economy? Interesting….