Another FOX News Attack: Blame DEMS No Matter What But Never Blame Trump

Right arm propaganda machine for Trump Empire, Inc. 

FOX News is blaming Democrats for the decline in the stock market, claiming it’s in part because their “tone” is creating a “real negative wave for the market” and that banks are worried they will be needlessly investigated.

In reality, experts are pointing to poor performance by retail giant Target and tech companies and to larger factors like Trump’s trade war with China, Trump’s tax cuts, and rising interest rates. 

Following months of strong gains, the stock market plunged week, with the Dow dropping more than 400 points one day (a Monday) and then more than 600 points the next day (on Tuesday).

As CNBC reported: “The major U.S. stock indexes fell sharply and turned negative for the year as a decline in Target shares pressured retailers, while the most popular tech shares dropped again.”

The report noted stocks also fell “sharply last month amid heightened concerns about rising interest rates, slowing economic growth and global trade tensions.” 

According to CNN: “Analysts expect a deceleration in 2019 driven by tariffs, the fading impact of the tax cuts and higher borrowing costs caused by the Federal Reserve.”

In another report, Goldman Sachs said that U.S. economic growth could be reduced by half by the end of next year as the effect of the tax cuts wears off. And 35 percent of chief financial officers surveyed “cited trade as their biggest current concern.”

FOX, however, started blaming the sinking stock market on the Democrats winning back the majority in the House of Representatives in the 2018 midterm elections. This trend likely previews how FOX and other right-wing media outlets will cover any negative economic turn for at least the next two years –

Continue at the link here from Media Matters on this story.

My 2 cents: First of all, FOX is NOT willing to blame Trump or his harsh economic and BFF tax policies for this dramatic downturn – that is the real culprits).

This PR strategy is not unusual for FOX and most other right-wing media outlets… they always blame someone, anyone, except their fav game in town: Trump Empire, Inc.  – That is a fact and the record is clear with few if any exceptions.

It will only get worse – bet on it.

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