FOX News Blaming Democrats already for Economic Downturn

[_Kevin Graham]

I knew this was only a matter of time. They never own anything.

[_Chap]

Ha. 'Tone' can be so destructive ...

Fox News is blaming Democrats for the decline in the stock market, claiming it’s in part because their “tone” is creating a “real negative wave for the market” and that banks are worried they will be needlessly investigated. In reality, experts are pointing to poor performance by retail giant Target and tech companies and to larger factors like President Donald Trump’s trade war with China, Trump’s tax cuts, and rising interest rates.

Following months of strong gains, the stock market plunged this week, with the Dow Jones Industrial Average dropping more than 400 points on Monday and more than 600 points on Tuesday. As CNBC reported, “The major U.S. stock indexes fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while the most popular tech shares dropped again.” The report noted stocks also fell “sharply last month amid heightened concerns about rising interest rates, slowing economic growth and global trade tensions.” According to CNN, “Analysts expect a deceleration in 2019 driven by tariffs, the fading impact of the tax cuts and higher borrowing costs caused by the Federal Reserve.” In a report released Monday, Goldman Sachs said that U.S. economic growth could be reduced by half by the end of next year as the effect of the tax cuts wears off. And 35 percent of chief financial officers surveyed “cited trade as their biggest current concern.”

Fox News, however, has started blaming the sinking stock market on the Democrats winning back the majority in the House of Representatives in the 2018 midterm elections. This trend likely previews how Fox and other right-wing media outlets will cover any negative economic turn for at least the next two years.

On Fox Business, correspondent Susan Li expressed concern over the “message being signaled to bank executives” if bank CEOs are brought in front of Congress and asked questions about “some of their questionable business practices.” In response, Ron Meyer of MediaDC (the publisher of conservative outlets The Weekly Standard and Washington Examiner) suggested that if incoming House Financial Services Committee chair Rep. Maxine Waters (D-CA) chooses to investigate bank executives’ financial practices, she will hurt the stock markets.

Stuart Varney, host of Fox Business’ Varney & Co., claimed that Trump was right when he tweeted before the midterms that “if you want your Stocks to go down, I strongly suggest voting Democrat.” Varney went on to say that with Democrats in charge of the House, the economy will not “get any new stimulus.”

And on Fox News’ America’s Newsroom, co-host Sandra Smith asked Fox Business host Charles Payne if the declining stock market is because of “Democrats winning control of the House.” Payne responded by blaming “the tone of Democrats” for creating a “real negative wave for the market.”

[_honorentheos]

I do think this represents the most substantial threat to democrats going into 2020 and they need to be messaging the bejeezus out of a coherent counter starting yesterday.

http://www.mormondiscussions.com/phpBB3 ... 7#p1133937

[Guest]

I do think this represents the most substantial threat to democrats going into 2020 and they need to be messaging the bejeezus out of a coherent counter starting yesterday.

viewtopic.php?p=1133937#p1133937

I suspect that the folks most susceptible to this messaging from Fox and various Friends to also be amongst those with the smallest actual stake in the market. And they're the same folks who are going to vote for Trump regardless of any economic fact or condition.

[_moksha]

I suspect that the folks most prone to be susceptible to this messaging from Fox and various Friends to also be amongst those with the smallest actual stake in the market. And they're the same folks who are going to vote for Trump regardless of any economic fact or condition.

Fox News will repeat their lies until more people believe it. That is how effective propaganda works.

[_subgenius]

I knew this was only a matter of time. They never own anything.

Ok, so finally now its no longer Obama's economy...



just let us know when it is Obama's economy again, ok?

[_canpakes]

And the stock market is the economy.

Oh, and the President controls the cost of gas. ; )

[_subgenius]

And the stock market is the economy.

Oh, and the President controls the cost of gas. ; )

just let us know when it is Obama's economy again, ok?

[_canpakes]

just let us know when it is Obama's economy again, ok?

Let us know when it’s no longer ‘Trump’s stock market’. : D

[_Kevin Graham]

I do think this represents the most substantial threat to democrats going into 2020 and they need to be messaging the bejeezus out of a coherent counter starting yesterday.

http://www.mormondiscussions.com/phpBB3 ... 7#p1133937

Um, in that same thread you also predicted this would hurt them in the 2018 midterms.

Ooops?