Protect Your Money from the Dangerously Insane

The Dow was down 120 points today, prompting Fox News’ David Ruder to suggest it was because USA Today made “the country less safe” by running its story on NSA’s data mining.

But Fox News host Brenda Butler disagreed, saying that Wall Street would “not going to let some puny, little traitor, some leaker who went ahead and compromised our national security, take down this, take down our market, take down our country.” Watch it:

Look at that woman's expression! Is she passing gas?

What's most curious about this, if that's the word, is what's at the bottom of the screen. Besides trying to tie together (in the most fascist way) the need for secrecy in our government to protecting Americans' 401k's, the screen-crawler's just plain economically wrong.

The stocks are selling off partly because of momentum trading but mainly because the dollar's falling and there are fears of incipient inflation, which erodes the essential value of American possessions: your house, your stocks, even your car. And the reason for the falling dollar and rising inflation is due in large part to a massive budget deficit run up by a certain president who need not be named and who Fox will never blame.

What's more amazing at the point central to these Fox anchors' premise, notably that leakers are revealing deep secrets central to America's fight against "The War on Terror", is false. Again, these people are pretty smart and only a moronic terrorist fails to assume that ALL electronic communications are bugged. For chrissakes, if you've ever watched The Sopranos and seen how Tony goes about protecting himself from the FBI, then you know this whole Leakers are Traitors argument is simply to cow people down so as to avoid scrutiny of the Administration's nefarious actions.

So, in essence, Fox News shows it is two things: a hopeless fearmonger; and an inept analyzer of business trends.

Fair and balanced. And inept. Fox News.

We report (innacurately), you decide (based upon erroneous facts). Fox News.