Chris Wallace & Brit Hume: Wall Street in Obama bear market

[Amerigo Vespucci]

Run time: 01:24 https://www.youtube.com/watch?v=Vs3TQeUcGR4   Posted on YouTube: March 08, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: March 08, 2009 By DU Member: Amerigo Vespucci Views on DU: 1598

 

Fox's Chris Wallace and Brit Hume are certainly trying to paint the stock market collapse as "Obama's bear market" and put it squarely on his shoulders.

They are making the case that since President Obama brought hope to the country when he was elected, the markets would magically rally around him even though the fundamentals are not there and the money changers in The Street hate Obama's policies to the bitter core.

When job losses are as staggering as they are coupled with foreclosers going through the roof and earnings statistics coming in from the 4th quarter of last year that do have an incredible impact on the current decline in the market, but to them, it's all Obama's fault.

WALLACE: Well, as we've been discussing, the stock market is officially in bear territory, down exactly 20% since the Obama inauguration. Brit, John McCain didn't want to answer the question, but I'll ask you. Is this the Obama bear market?

HUME: It's kind of a bear market within a bear market. The market was already down tremendously over the previous year, and I think most people entered this period of the new Obama administration thinking that it probably was bottoming out and that he would give by his very presence and by what he would offer real hope and that it would at least change the psychology a bit. It has changed the psychology, it seems, for the worse and I think he does bear responsibility for that, and the impression that he has managed to leave is that he's too busy with massive new spending and a scatter shot stimulus bill which was reckless and breathless new initiatives.

http://videocafe.crooksandliars.com/david/chris-wallace-wall-street-obama-bear-market

[DJ13]

1. "It's kind of a bear market within a bear market."

Anything BUT putting the blame where it belongs......... on their own party.

I swear the Republicans are getting more irrational every day.

[navarth]

2. "Scare and Unbalanced"

It's a shame anybody listens to these assholes.

[nichomachus]

3. I worked with Brit Hume many years ago

when he was just starting out. He was a MAJOR self important asshole then -- and apparently nothing has changed.

[Ticonderoga]

4. Whoa

I'd go take another shower after admitting that ;o)

[pam4water]

5. This crap is getting traction with the repukes sad to say. I saw this

in one of their sig today.

[Stinger2]

6. Freedom Fries, Dixie Chicks, America the Gullible

Freedom Fries, Dixie Chicks, America the Gullible

House Now Serving 'Freedom Fries'

Fox News, Tuesday, March 11, 2003

France and Germany are losing credibility by the day, and they are losing, I think, status in the world," House Majority Leader Tom DeLay, R-Texas, said last month. "They are walking a fine line that is very dangerous."

http://www.foxnews.com/story/0,2933,80700,00.html


Dixie Chicks Address Death Threats

Three years ago, the Dixie Chicks were getting death threats for the stands they took on the Iraq war. Now, in the first single from their new album, they address those threats head on. The song is called “Not Ready to Make Nice.”

http://www.foxnews.com/story/0,2933,188882,00.html#1

Remember Fox spreading that Freedom Fries thing and the Dixie Chicks are against Texas, Fox has less credibility than Rush Limbaugh, that’s about as low as you can go.

[cooolandrew]

7. Oh I can't 'bear' it, will they ever stop. Probably not. n/t

[Liberal_Christian]

8. Brit Hume is the Conservative version of Jon Stewart...

... except not funny... and Hume actually has his demographic convinced he has a real news show :-)