Fox News spinning the 2% Dow drop as "Al Qaeda & Iran fears"

[Neil Lisst]

Right now, they're running that label on the business news.

Bullshit. This is an attempt by Fox/Bush to make the issue TERRUR instead of bad economic news. Classic case of them lying to help Bush claim it's TERRUR, not bad financial news.

Neil Cavuto doesn't know squat about business.

[thefloyd]

1. When GE Profits fall 46%

compared to same time last year and is part of the DOW 30 then the DOW will fall hard and fast
Terror had nothing to do with that

[Wickerman]

3. It's also a really crappy day to be a Ford employee

or, have to worry about the cost of oil, or....

Terror is not the problem, indeed.

[Neil Lisst]

11. GM and Ford are both in trouble. n/t

[Wickerman]

12. yep, but they will announce the closing of several

Ford plants today.

[Neil Lisst]

19. More working American families pay for Bush's lack of concern.

We're sending our good jobs away.

I have to say that in the past 10 years, too many union members have voted their emotional issues instead of their pocketbook, and it's coming back to kill their jobs.

[Neil Lisst]

10. Thank you! Exactly. There were reports unconnected to terror.

And those caused the sell-off.

That, and oil has been on the rise again.

[thefloyd]

16. Inflation report yesterday

Yield Curve was inverted for a while but of course those in the media
wrote off the yield curve

[Neil Lisst]

22. Oil UP. Yields DOWN. Debt UP. Equities DOWN.

Too bad the Bush administration gets its direction from private talks with God.

[marmar]

2. They could fertilize Kansas with that BS

:puke: :puke:

[Neil Lisst]

13. And Neil Cavuto let some lackey give the party line, then when ...

... but when the Dem spokesperson tried to address it, he interrupted with "I want to keep politics out of this."

What a load fresh, steaming manure that was!!

[gratuitous]

4. So, who's in charge of managing those fears and protecting us?

Oh yeah, the Democrats. I forgot for a second there.

[Neil Lisst]

14. The FoxBush gameplan is: good news, it's Bush. Bad, it's terror or Dems

And the ministry of propaganda is always right there to spoonfeed the dullards of the right with their thinking points.

[blm]

5. Give em a few minutes - they'll blame Clinton, somehow.

Or Gore, Dean, Murtha, Kennedy and Kerry's traitorous remarks against Bush.

[Neil Lisst]

15. They're already doing it. According to them, Osama is DNC.

It's getting deeper and deeper.

[NJ Democrats]

6. What a load of shit!

[Neil Lisst]

17. That would explain the manure spreader I saw on Pennsylvania Ave

Headed towards the Congress.

[Mz Pip]

7. If their buddy Bush

had concentrated on Al Qaeda instead of romping into Iraq then maybe this wouldn't even be an issue.

There is bad financial news for a variety of reasons but blaming Al Qaeda is about the lamest one yet. How can that possibly help Bush?

Mz Pip
:dem:

[Neil Lisst]

18. Al Qaeda. Aren't they the ones in 60 countries Bush isn't addressing?

Yeah, that's them.

[tritsofme]

8. That played a big role in today's sell-off

"Al Qaeda & Iran fears" had a lot to do with the big spike in crude today that weighed heavily on stocks.

Some shitty earnings came out of GE and Citigroup.

But consumer confidence was up slightly more than expected.

[Neil Lisst]

20. No, it was poor economic news.

Oil has been on the rise, anyway.

[rman]

9. Let them spin $68.48 for a barrel of oil

Looks like it'll soon break the "extreme high" it was around the time of Katrina.

[Neil Lisst]

21. Gasoline has been steadily rising.

All this tough talk with Iran will backfire, too.

They are in a position to sit on production and really drive prices up, and their oil is not going anywhere. If it sits in the ground longer, it simply appreciates in value.

I've been saying for the last 4 months. 2006 is a recession year.

[EC]

23. I think it has more to do with the false computer postings

yesterday on Yahoo Finance and MSN money...I could be wrong

on edit: Also on E-trade and Charles Schwab

[f-bush]

24. How about gas going up 8% in the last ten days?

[karynnj]

25. It rose yesterday

The news was out early in the morning - so yesterday should have been impacted

[AX10]

26. GE (Dow Jones 30 component) had a 46% decline....

in their quarterly profits. Also, Oil prices have been steadily rising since last month. That's why the market plummeted today.