It’s hard to believe that the Fox Nation web site is published by an organization that considers itself a news enterprise. Anyone who takes the site seriously is gravely in danger of becoming irreversibly idiotized. For example, this morning the Fox Nationalists posted this item declaring that “Stocks Tumble Worldwide After Obama Speech.”
The implication, of course, is that Obama’s speech had something to do with the stocks tumbling. However, despite the deceptive headline, the article states that it is actually the “speculation congress won’t pass” the President’s proposals that contributed to the market decline. In other words, the markets favor Obama’s plan and want it to be implemented. So a more honest headline would have read “Stocks Tumble Worldwide Due To Republican Obstructionism.” But then again, if you’re looking for a more honest headline then you probably wouldn’t be reading Fox Nation in the first place.
2 thoughts on “Fox Nation vs. Reality: On Obama’s Stock Market Voodoo”
Actually, the correct headline should be, “Stocks tumble worldwide due to imminent default of loan debt in Greece.”
In reality, the entire worldwide financial system is hemorrhaging money all over the place. The Swiss Central Bank is spending copious amounts of funds in foreign currencies to purposely devalue their Swiss Franc. They are hemorrhaging money just to prevent a potential recession and possible deflationary cycle, which would cause the wealthiest among them to lose billions.
I give it approximately five years before this entire pyramid scheme irreparably crashes.
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