Fox's Cavuto: An economy that's humming, but most insist we're bumming"

The Greatest Story Never Told
Friday, May 05, 2006
By Neil Cavuto

http://www.foxnews.com/story/0,2933,194463,00.html



I think it's the greatest story never told: An economy that's humming, but most in the media insist we're bumming. I'm not saying some are. Clearly though, most are not. But that's not what you hear. What you hear in the media is that "only" 138,000 new jobs were created last month. I'd focus more on the experts who goofed, thinking the number would be higher, than the 138,000 who were hired.

You hear about an unemployment rate of 4.7 percent, but nothing about an "employment" rate of 95.3 percent. You hear those with jobs have lousy jobs. Did they have the same lousy jobs a decade ago when we were at similar rates? Back then, it was great. Today, it's not? Retail sales then were strong and it was cause for jubilation. Retail sales today are strong and it's written off as an aberration?

What gives? I'll tell you what gives: fairness. The fairness of reporting an economy growing at a nearly five percent clip and the unfairness of ignoring that growth. The fairness of focusing on a still vibrant housing industry and the unfairness of predicting a housing bubble burst that as yet to come, and likely never will.

And the fairness of telling the American people there is good and bad in this economy, but the unfairness of focusing on only the bad. Because mark my words, the day the Dow hits that record — and it will be soon — the media will say it happened, "despite the bad news," not "because of good news." Just remember, higher gas prices were supposed to stop us from buying, but they didn't. Just like anxiety about terrorism was supposed to stop us from traveling, but it didn't. I'm not saying those in the media can't be the whining, carping, negative, doom-saying bastards they are. Just don't assume we want to be the same way.

:-)
and clearly he doesn't know how to tie his butt-ugly necktie

For those that are not at the very top, this economy is crushing them under higher interest rates on debt, higher gas prices, and higher health insurance premiums, but according to Cavuto, we are only to look at the economy through the eyes of the ExxonMobil CEO. Yeah, for him, life is just great.

Also, isn't this the same man that was "sickened" by the anti-Iraq war protestors just after the fall of Baghdad?

...he's just full of great ideas.

:evilgrin:

All you have to know is who his guest is going to be. Oil exec? Slavish fawning. Social impact group, like AARP or civic organizations? Contemptuous dismissal. He is as predictable as the sunrise and Sean Hannity, and that's predictable.

to vote for Republicans through fooling them into identifying themselves with the elites of the corporate world.

:eyes:

You're should have been named Monica Cavuto.

don't look behind the curtain, people, everything is just FINE :puke:

Doesn't he realize that people who are struggling just to survive don't give a rat's ass about the Dow? We have more people living in poverty, and more uninsured, but he's looking at the benefits the well-off have accrued, and thinks everything is just peachy.

People who hear the glowing reports of the great economy know one thing...the economy isn't good for THEM. That's all they care about, and the more conservatives talk it up, the more the resentment will stew and fester.

Watch CNBC any business day and you will see. Rah! Rahh!! :party:

nm