The economy continues to spiral downward in the U.S. and the world. Nearly a million Americans have lost their jobs just this year. Trillions of dollars in value have been lost in retirement and pension funds. Home foreclosures long ago surpassed all-time highs. Close to 50 million Americans have no health insurance. But why focus on the negative?
In some quarters there is good news and unreserved celebration. That’s because there is an unshakable bull market in Fox News Pundits (Or should I say bullshit market?). In just the past few weeks Bill O’Reilly signed a four year contract extension for more than $10 million annually. Sean Hannity re-signed a multimillion dollar per year contract for TV, plus another $20 million for his radio show. Glenn Beck will receive millions more for his new Fox hackfest. Neil Cavuto’s income leapt when he was promoted to managing editor of the Fox Business Network (the “Business-Friendly Business Network”) In addition, Mike Huckabee, Judith Miller, and Karl Rove, were all hired on as Fox contributors within the last year.
So when you hear the elitists at Fox dismiss the severity of this downturn, when you hear them say that things aren’t really so bad, remember that what they are really saying is that things aren’t really so bad for them. It’s easy for them to be stoic in the face of adversity when they are raking in more millions every year. Their mansions and limos and vacation villas are as glamorous as ever.
They have absolutely no sense of the loss or pain or sacrifice that the rest of us are suffering through. And yet they will continue to pretend to speak for us. They will push their phony arguments as fighting for the average Joe (Six-pack, Plumber, Blow, or whatever). They will soft-peddle the crisis and project blame on the lazy, and the irresponsible and, of course, on Barack Obama. Just minutes ago Cavuto did just that, saying that the markets were reacting to Obama’s comments on “spreading the wealth.” For confirmation, Cavuto then turned to well known financial experts Joe the Plumber and Ted Nugent. Seriously!?! That’s the sort of ludicrous financial analysis you can expect from Fox.
For the record, a little over a year ago Cavuto, disputed reports of the economy’s weakness saying that he “[didn’t] believe a word of it.” Bill O’Reilly, recently asserted that the market was tanking because traders were pricing in a presumed Obama victory in November. He also foolishly claims that the drop in the stock prices of GE and the New York Times affirms his positions opposing them. But the stock of Fox News’ parent company, News Corp., has fallen even farther than either of them, so whatever O’Reilly thinks is wrong with GE and the Times, it is even more wrong at Fox. Here’s the real reason for the market’s decline.
In the end, these disingenuous con men have no frame of reference for what ordinary Americans are experiencing. They only have their comforting wealth and their rightist agenda that is focused exclusively on enriching themselves and their friends. And anyone who believes that these impostors are advocating on their behalf is terminally naive.