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

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Amerigo Vespucci Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 01:52 PM
Original message
Chris Wallace & Brit Hume: Wall Street in Obama bear market
 
Run time: 01:24
https://www.youtube.com/watch?v=Vs3TQeUcGR4
 
Posted on YouTube: March 08, 2009
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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...
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 01:57 PM
Response to Original message
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.

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navarth Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 02:02 PM
Response to Original message
2. "Scare and Unbalanced"
It's a shame anybody listens to these assholes.
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nichomachus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 02:50 PM
Response to Original message
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.
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Ticonderoga Donating Member (489 posts) Send PM | Profile | Ignore Sun Mar-08-09 07:40 PM
Response to Reply #3
4. Whoa
I'd go take another shower after admitting that ;o)
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pam4water Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 09:14 PM
Response to Original message
5. This crap is getting traction with the repukes sad to say. I saw this
in one of their sig today.

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Stinger2 Donating Member (352 posts) Send PM | Profile | Ignore Sun Mar-08-09 10:09 PM
Response to Original message
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, thats about as low as you can go.
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cooolandrew Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 11:27 PM
Response to Original message
7. Oh I can't 'bear' it, will they ever stop. Probably not. n/t
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Liberal_Christian Donating Member (387 posts) Send PM | Profile | Ignore Mon Mar-09-09 02:10 AM
Response to Original message
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 :-)
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