Stock Market Soars, Fox News Remains Mum

[Donnachaidh]

http://mediamatters.org/blog/201104260020

If you ever needed more proof that under Obama, Fox News has adopted a good-news-is-no-news policy, look no further than how Rupert Murdoch's cable channel covered the recent Dow Jones stock spike. Or more accurately, just look at how Fox News did not cover the robust story.

Late last week, the Dow reached its highest mark in nearly three years, closing at 12,505. The strong performance, fueled by waves of corporate profit reports, represented a nearly 6,000 point gain in just the last two years.

But at Fox News, the story barely garnered a mention. According to a search of TVeyes.com, Fox News made exactly two "Dow" references on Thursday when the new three-year mark was set. (Glenn Beck mentioned rising stocks on his show that day to insists the strong Dow was proof that bad news was on the way.) The next day Fox News devoted just a few mentions to how Wall Street was suddenly booming under Obama. And since then, there's been little Fox News discussion about the good-news run on stocks.

It's true that the encouraging Dow news generally received muted attention from all the major news organizations. (Like Obama's job approval rating, apparently it's only big news when the Dow goes down.) But Fox News stands out because of how in the past it so clearly blamed Obama for Dow dips and relentlessly covered them as news. And also because of how host Beck built his Fox News career around warning viewers the American economy was hurtling towards certain, and total, collapse.

More at the link --

[denverbill]

1. Nary a mention anywhere that NASDAQ is now higher than at any time under Bush.

[earthside]

2. Well, I'm not excited either.

FoxPAC-TV certainly has a political agenda for not talking about the stock market, I suppose -- but I really don't care much if the market is "soaring".

I guess if you are retiring right now and need to cash-out of the market, then it is good (unless you bought when the Dow was at 14,000).

What a "soaring" stock market means ... who knows? With all the market manipulation and bankster gambling, who knows if a Dow 12,500 is real or not? Or is this just a Federal Reserve pumped-up bubble?

For most Americans the "soaring" stock market just doesn't mean very much -- and I think Democratic politicians and pundits who try and hype this kind of sound like grasping at straws to find something good in this still moribund economy.

With gasoline heading to or already over $4 a gallon and the price of groceries really starting to climb, well, the "soaring" stock market means squat to a lot of underemployed and unemployed Americans.

[Raine]

4. I agree

I'll get excited when I see this "trickle down" to the people. So far Wall Street is the only one getting "fat".

[pa28]

3. Republicans had quite a bit to say about the "Obama market" in 2009.

Blaming Obama for the stock market crash

Now . . . not so much.

[spanone]

5. faux should not be allowed to use the moniker 'news'...it doesn't apply