Rove Claims Stock Market Is Dropping Because Obama Hasn’t Named His Treasury Secretary Yet
Thursday, stocks plunged for the second straight day, bringing “the Dow’s two-day drop to 873 points, or 10.6 percent, its worst two-day percentage loss since October 1987.” On Fox News last night, former Bush adviser Karl Rove tried to pin the blame for the drop on President-elect Barack Obama.
Though he admitted that there had been bad economic news yesterday, Rove questioned “how much of it is the news of the day.” “I mean, how much of it is that, and how much of it is the market saying, You know what? The economy is not in a good place and we’re looking at the future, and how much confidence should we have in the team that’s coming to make the economy better any time soon?,” said Rove.
He then suggested that the problem was that Obama hadn’t named his Treasury Secretary yet:
ROVE: Well, I got to tell you, I’m a little bit surprised. If the number one issue facing the country is the economy, then it strikes me the new administration, the president-elect, would be putting a lot of emphasis on getting a Treasury secretary and an economic team in place in order to signal to the country what he’s going to do
Thursday, stocks plunged for the second straight day, bringing “the Dow’s two-day drop to 873 points, or 10.6 percent, its worst two-day percentage loss since October 1987.” On Fox News last night, former Bush adviser Karl Rove tried to pin the blame for the drop on President-elect Barack Obama.
Though he admitted that there had been bad economic news yesterday, Rove questioned “how much of it is the news of the day.” “I mean, how much of it is that, and how much of it is the market saying, You know what? The economy is not in a good place and we’re looking at the future, and how much confidence should we have in the team that’s coming to make the economy better any time soon?,” said Rove.
He then suggested that the problem was that Obama hadn’t named his Treasury Secretary yet:
ROVE: Well, I got to tell you, I’m a little bit surprised. If the number one issue facing the country is the economy, then it strikes me the new administration, the president-elect, would be putting a lot of emphasis on getting a Treasury secretary and an economic team in place in order to signal to the country what he’s going to do
O’Reilly: Internet has a well-known liberal bias.
Summoning the mythical boogeyman of the Fairness Doctrine — which would require broadcasters to provide a variety of political views on publicly-owned airwaves — Fox News host Bill O’Reilly warned last night that House Speaker Nancy Pelosi “wants total control” over radio airwaves and would seek to reinstate the policy. He claimed that the media features far more liberal voices than conservative, citing newspapers, NPR, and…the Internet:
Summoning the mythical boogeyman of the Fairness Doctrine — which would require broadcasters to provide a variety of political views on publicly-owned airwaves — Fox News host Bill O’Reilly warned last night that House Speaker Nancy Pelosi “wants total control” over radio airwaves and would seek to reinstate the policy. He claimed that the media features far more liberal voices than conservative, citing newspapers, NPR, and…the Internet:
O’REILLY: A good case can be made there are more liberal voices in the media than conservative voices. The newspaper industry is certainly left. So is the Internet. NBC News almost completely liberal. So is PBS, so is NPR.
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