Fox: Is Rove departure a loss for Wall Street?
By on Aug 13th, 2007 at 5:27 pm
Fox: Is Rove departure a loss for Wall Street?
On Your World with Neil Cavuto, Fox displayed a chyron asking: “Karl Rove Leaving: A Loss for Wall Street?” Note to Fox: The financial markets are already in bad shape, due to volatility over sub-prime mortgage loans and other factors. And the departure of a man who helped drive the nation into long-term deficits is the least of the market’s current concerns.
UPDATE: Media Matters reports that “Cavuto frequently purports to identify possible effects on the stock market or the economy of ‘news’ stories, or allows his guests to do so, often in order to attack Democrats and progressives.”
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True to form — everything is always all about them. They believe they control the tides, the rising of the sun, and the universe.
When they are happy, everything in the world is grand.
When they are distressed, everything tanks.
Self-centered, one and all.
August 13th, 2007 at 5:30 pmI’m pretty sure Rove leaving will lead to a diminishing of summer weather too
August 13th, 2007 at 5:32 pmWill the sun come up tomorrow now that Karl is no longer ordering it to? Find out tomorrow on Fux Snooze!
August 13th, 2007 at 5:32 pmWow. Talk about delutions! Keep dreaming homosexualsskewlib. I guess if you keep telling lies, then they become truth in your eyes.
August 13th, 2007 at 5:33 pmSelf-centered, one and all.
Comment by Marie — August 13, 2007 @ 5:30 pm
Unfortunately, their bed-wetting tends to affect the rest of us — the sheeple cry hard and loud. Ugh.
August 13th, 2007 at 5:35 pm#2 is so ridiculous, he is not worth responding to. I think he pulled his comments right out of his rear end.
August 13th, 2007 at 5:36 pmI work in the mortgage industry for wells fargo we have shut down over 20 subprime branches. Believe me subprime makes up more than 2% also the arm loans are now readjusting to families who are stretched too thin because of inflating heating and energy cost and they are also defaulting.
August 13th, 2007 at 5:36 pmThe arctic will now regain its lost ice pack,
August 13th, 2007 at 5:37 pmand the Milky Way will resume its whirl through the cosmos.
Praise Karl!
Actually, the market will probably like Rove’s exit. His policies, after all, have brought us to where we are today: a lack of liquidity not seen since 1929, the dollar historically weak, balance of trade worse than it’s ever been, the collapse of American manufacturing, the collapse of the home mortgage industry, record deficits and debt as well as being the world’s biggest debtor nation.
If anything, Wall Street might hope for some economic pragmatism instead of disasterous neocon dogma.
August 13th, 2007 at 5:37 pmeveryone knows wall street is just a gang of swindlers making away with our tax dollars. Not to mention all the drug trading and saudi money tied up in our economy.
Karl Rove? WHat about the whole system??
gravel08.us
August 13th, 2007 at 5:38 pmRove made their wet dream of super authoritative fascism, and super destruction of the middle class by giving all advantages to hyper-wealthy come true
so of course they love him…..but
How do they miss the small fact that Rove “helped” Bush to be the “worst” US President ever and
the most hated US President All over the world ???
When will Fox doTHAT story?
August 13th, 2007 at 5:39 pmTurdblossom futures are plummeting in the pre-markets.
-GSD
August 13th, 2007 at 5:39 pmTalk about delutions!
Something to do with chemistry, I’m sure.
August 13th, 2007 at 5:41 pmOn the plus side, with Rove gone the population of African Elephants will triple.
August 13th, 2007 at 5:41 pmwages are increasing
August 13th, 2007 at 5:42 pmand so are mortgage delinquencies, to an all time rate! Go neocolons!
madcactus, and that’s just in Kansas!
August 13th, 2007 at 5:42 pmwages are stagnant and not keeping up with inflation
August 13th, 2007 at 5:46 pmCavuto is without a doubt the stupidest financial commentator of all time. I cringe when I hear this idiot’s pronoucements about the stock market.
August 13th, 2007 at 5:52 pm#2 Obviously the cretin who wrote this comment doesn’t understand the liquidity issue driving the turmoil.
August 13th, 2007 at 5:54 pmConservatives always say let the market decide the market should be allowed to correct itself. Well now it is the lenders who gave out bad loans are claiming bankruptcy but government needs to remove the bankruptcy protection of corporations only have to pay off preferred lenders and can ignore employees 401k and Pension plans as this just allows corporations to cut there losses walk away with a boat load of money and start up again under a different bank name. While the individuals who received bad loans are left on the street with nothing. Why should the government give better protection to a corporation claiming bankruptcy than an individual?
August 13th, 2007 at 5:54 pmComment by Homosexualsskewlib – your statement that 2/3 of Americans own stock would put alot of babies owning stock. But, even if so you may wish to factor in that 401K’s are the largest ownership of stock, otherwise individual ownership would be just about the same as it was prior to this investment vehicle. Therefore you can’t measure consumer confidence on this. There is confidence though and I hear this on what you call the liberal media. Which, by the way is a myth and repub perpetuated hoax. There is no liberal media. Look at the ownership.
August 13th, 2007 at 5:54 pmAnd what kind of crap are you spewing about liberals hating capitalism? Man you are being fed some stuff. You couldn’t sale this even to a repub website.
#2 Obviously the cretin who wrote this comment doesn’t understand the liquidity issue driving the turmoil.
Comment by VerbalKint — August 13, 2007 @ 5:54 pm
Yeah, and what did the fed due for two straight days put in more liquid into the system. Instead of bailing out the people it helped out the bank.
August 13th, 2007 at 5:55 pmComment by chad — August 13, 2007 @ 5:36 pm
Chad is 100% right. The sub-prime defaults are the tip of the iceberg. Countless new housing developments went up as a result of the ARM frenzy that swept the country a few years ago. Now that the rates are going up, the middle class folks who bought more house than they could really afford (by using ARM loans) are finding themselves royally SCR*WED.
Wait another year – the sub-prime mess is just a warmup, sadly.
August 13th, 2007 at 5:57 pmLike Chad says, the markets aren’t in great shape, they’re only in OK shape. Subprime mortgage companies defaulting, downturn in housing market, low new job growth and hedge funds tanking are some of the things bugging the market right now, and we’ll probably see more waffling in the next few months. As for Rove’s impact, well, the markets are up today. Just a coincidence, of course….
August 13th, 2007 at 5:57 pmARM and sub-prime will be even a greater problem than Bush 1’s S&L crisis. He and Reagan told banking officials to lay off announcing problems until after Bush I was elected.
August 13th, 2007 at 6:00 pmchad: “While the individuals who received bad loans are left on the street with nothing. Why should the government give better protection to a corporation claiming bankruptcy than an individual?”
Damn good question, Chad. This isn’t the first time. After about 7 years of this type of governance, the Savings & Loan disaster cost us billions in taxpayer money to bail out a bunch of crooks in the late 80’s. Neil Bush alone cost the taxpayers over $1 billion. And, of course the govt. bailed out Crysler Corp.
The reason is that corporations have too much political power in our system.
August 13th, 2007 at 6:01 pmThere is no correlation between markets and departure of Rove,unless Cavuto wants to create one for his Fox viewrs.
August 13th, 2007 at 6:09 pmFox is known to make links that is weird to please their viewers.
Cavuto is trying to tell us how the departure of Rove was a big loss,even Wall Street is suffering and feeling the heat.
Instead of telling the viewers that our national debt,and uncontrolled spending, the rise of our health cost, negative Balance of Trade for years…Cavuto chose to sell instead the departure of Rove story,as the big loss to the markets…!!
What a stinko thread… … BOOORING
August 13th, 2007 at 6:13 pmThat #2 is some kind of homo. Its in his nick.
Funny how the Repuke trolls are all spewing economic talking points today. I think the Treasury Dept. propaganda unit (set up by Rove) released a new sheet 0f talking point LIES.
August 13th, 2007 at 6:14 pmKarl Rove, A Loss For Monarchists?
August 13th, 2007 at 6:16 pmThat #2 is some kind of homo.
Comment by Tom3 — August 13, 2007 @ 6:14 pm
What the he11 is that supposed to mean? You must just be baiting me.
August 13th, 2007 at 6:16 pmI just hope karl’s leaving hurts Bush.
August 13th, 2007 at 6:19 pmr: “What a stinko thread… … BOOORING”
But, somehow it draws you. Strange, huh.
August 13th, 2007 at 6:21 pmSort of on Topic…
I was over on Huffpo and one of their sub-headlines states:
Rove Failed To Create A “Permanent Republican Majority”
If we seriously think about this for a moment (yes you trolls too), if they hadn’t of invaded Iraq for oil, and kept it to Afghanistan and caught (or maybe not even caught) OBL, they would have.
A question to the Trolls: Why would the Administration wreck the GOP chances to control America for another decade or more?
August 13th, 2007 at 6:22 pmFox is known to make links that is weird to please their viewers.
Cavuto is trying to tell us how the departure of Rove was a big loss,even Wall Street is suffering and feeling the heat.
Instead of telling the viewers that our national debt,and uncontrolled spending, the rise of our health cost, negative Balance of Trade for years…Cavuto chose to sell instead the departure of Rove story,as the big loss to the markets…!!
Comment by tarazan — August 13, 2007 @ 6:09 pm
Faux News, the only News program in America that fought for its right to like and make news up, and won.
August 13th, 2007 at 6:24 pmr: “What a stinko thread… … BOOORINGâ€
But, somehow it draws you. Strange, huh.
Comment by Ret. Col. Jack Ripper — August 13, 2007 @ 6:21 pm
True, I scan, I read, I wan’t to post, but nobody has any passion about the issue. One post every 3 or 4 min. aint gonna do it. I may as well move along.
August 13th, 2007 at 6:24 pmWhat a crock. The deficit is the governments fault. Protection of big business , going after cheap labor, investing overseas, and neglecting American dinner table issues sank Wall St. Rove should be docked money for pushing Bush to neglect Americans who weren’t the “right” kind.”
August 13th, 2007 at 6:26 pmbushie did blow it, because of his “They tried to kill my daddy” twisted obsession. Took his eye off the terrorist ball. If I was a republic, these days, I’d suck it in and at least switch to independent. How embarrassing. Think old georgie will speak “Prime Time” at the 2008 Republic convention?
August 13th, 2007 at 6:26 pmWall Streets loss is K Streets gain.
August 13th, 2007 at 6:26 pm50% of independent voters favor impeachment of Bush while 30% oppose, and 51% of independent voters favor impeachment of Cheney while 29% oppose! If Dems want the independent vote, they’d better get their tails out from between their legs and start impeaching!
Pelosi and Emmanual keep thinking they can win the ‘08 election, but they can’t do it without the independent vote. Show them this poll–it shows the way to get that vote. Then tell them to fire their consultants
August 13th, 2007 at 6:28 pmAs Josh Green in September’s Atlantic Monthly notes, Karl Rove didn’t even complete college — and his skills arose more from his stubbonness than mastery of ideas or a critical conscience.
August 13th, 2007 at 6:28 pmNo, but it is a loss for wall street lobbyists and executives that want corporate welfare.
True, I scan, I read, I wan’t to post, but nobody has any passion about the issue. One post every 3 or 4 min. aint gonna do it. I may as well move along. Comment by r — August 13, 2007 @ 6:24 pm
You’re a loser – move into reality instead.
August 13th, 2007 at 6:29 pmGordon Brown has loyally bought $125 billion of US Treasury Bonds in the last few months to help shore up his ally, with my money. Brown is a man who prides himself on economic prudence, that is a move he will come to rue.
Even were helping bail you out
we want that money back
http://www.craigmurray.co.uk/
August 13th, 2007 at 6:29 pmWhat the he11 is that supposed to mean? You must just be baiting me. Comment by r — August 13, 2007 @ 6:16 pm
No one needs to bait a homophobic closet case like you – you bait yourself quite nicely.
August 13th, 2007 at 6:34 pmNo one needs to bait a homophobic closet case like you – you bait yourself quite nicely.
Comment by CT_Version_2_Coward — August 13, 2007 @ 6:34 pm
He’s the master of it. :D
August 13th, 2007 at 6:41 pmEven were helping bail you out
we want that money back
http://www.craigmurray.co.uk/
Comment by Tobey Tall — August 13, 2007 @ 6:29 pm
Well because your govt is as bad as ours :) Maybe even worse, since I’ve always admired the brits for parts of your history. And a country which has been through 10x as many wars as America, as well as in WWII really learned what it was like to be bombed on a daily basis, and very close to be occupied in WWII, had the Battle of Britain not repelled the Nazis.
Greed, mix it up with a little ‘invented’ religion, some whipped up hatred, and only the “people” suffer.
So hurry up and straighten your country out, should something bad happen in the next year Bush will make himself dictator, we’ll lose our elections, and we’ll need an occupying force to free us!
Ps we don’t have any oil, but you’re welcome to take the secret to “Coke”.
August 13th, 2007 at 6:41 pmoh yea!
reminder on sam (subbing for randi):
when karl leaves, who will take over the responsiblity for
the rebuilding of new orleans???
eh?
August 13th, 2007 at 6:43 pmHe’s the master of it. :D
Comment by Zooey — August 13, 2007 @ 6:41 pm
Yeah, he sounds like Andrew Sullivan. Just another whacked out drugged up self loathing lunatic.
August 13th, 2007 at 6:44 pmI think Fox meant “K” street, not “Wall” street.
August 13th, 2007 at 6:48 pmSo hurry up and straighten your country out, should something bad happen in the next year Bush will make himself dictator, we’ll lose our elections, and we’ll need an occupying force to free us!
…
Comment by Dick Stalin Cheney — August 13, 2007 @ 6:41 pm
very funny!
August 13th, 2007 at 6:49 pmbut, seriously, tobey, keep us in mind!
…
when karl leaves, who will take over the responsiblity for
the rebuilding of new orleans???
Comment by katy — August 13, 2007 @ 6:43 pm
Katy, Not many people know or remember that Rove was put in charge of rebuilding N.O. Of course when Bush announced it, it was merely to pacify the public; it meant nothing. Nonetheless, New Orleans was given to Rove to oversee.
August 13th, 2007 at 7:05 pmRove helped bring about an unprecedented national debt during his tenure in office. If anything, he was an “architect of fiscal irresponsibility” if you ask me. I would think that ridding this country of him would bring elation to the market.
August 13th, 2007 at 7:08 pmNonetheless, New Orleans was given to Rove to oversee.
Correction, if I may – New Orleans was given to Rove to oversea.
August 13th, 2007 at 7:09 pmThat #2 is some kind of homo.
Comment by Tom3 — August 13, 2007 @ 6:14 pm
What the he11 is that supposed to mean? You must just be baiting me. Comment by r — August 13, 2007 @ 6:16 pm
No one needs to bait a homophobic closet case like you – you bait yourself quite nicely.
Comment by CT_Version_2_Coward — August 13, 2007 @ 6:34 pm
No one needs to bait a homophobic closet case like you – you bait yourself quite nicely.
Comment by CT_Version_2_Coward — August 13, 2007 @ 6:34 pm
He’s the master of it. :D
Comment by Zooey — August 13, 2007 @ 6:41 pm
So now the score is: Tom3 calls a poster a homo. CT_Version_2_Coward calls me a homophobic closet case, and Zooey goes along with their fun.
Would you criticize me if I posted the same things?
Zooey, what if I claimed after-the-fact SATIRE, would that make it ok?
August 13th, 2007 at 7:09 pmEverything Rove touched turned to $hit including the rebuilding of NO. Good riddance to one of the biggest turds on the planet.
August 13th, 2007 at 7:09 pmTobey Tall – you are right. If the dems care about 08, they’d better begin impeachment proceedings right now.
August 13th, 2007 at 7:10 pmThe problem isn’t just with loans classified as sub-prime. It is generally understood that mortgage lenders eased their standards for conventional mortgages as well, so these mortgages may not be as secure as previously thought.
As for the Fed pumping cash into the system, I think in the short run this is the right move and the best thing Bernanke can do. The worst thing he could do is reflexively cut rates, which is how the wildly overrated Greenspan did his share to bring us to this point.
August 13th, 2007 at 7:16 pmNanBullen: “Tobey Tall – you are right. If the dems care about 08, they’d better begin impeachment proceedings right now.”
IMO, it is because they do care about ‘08 that they are not going for impeachment. They are relentlessly trying to pass legislation over republican obstruction. They know the repub plan is to obstruct and then call them “do-nothing”. They also know that impeachment would be nothing more than a political exercise, just as it was with Clinton. There is no chance of getting a conviction. They don’t want to alienate the middle. If they get the middle, they will enjoy supermajorities in both houses and the Whitehouse. Why not press on with investigations? There’s no statue of limitations at work here. Any of them can be brought up on criminal charges after their term is over. And, if the Dems take a supermajority, their congressional term begins in early Jan, 09. They could always quickly pass an impeachment and conviction simply as a symbol during that month before Bush leaves office if they wanted.
August 13th, 2007 at 7:21 pmSorry, I meant to post “statute of limitations.”
August 13th, 2007 at 7:22 pmI didn’t know blowing the president means you are qualified.
August 13th, 2007 at 7:24 pmSo now the score is: Tom3 calls a poster a homo. CT_Version_2_Coward calls me a homophobic closet case, and Zooey goes along with their fun.
Would you criticize me if I posted the same things?
Zooey, what if I claimed after-the-fact SATIRE, would that make it ok?
Comment by r — August 13, 2007 @ 7:09 pm
You are a homophobic closet case that believes it’s OK to persecute gays – because that’s what we’ve always done. You’re no different than the Jim Crow racists that believed it was OK to have slavery, because that was our tradition.
Get a clue – bigot.
August 13th, 2007 at 7:25 pmkeep reminding us colonel…
… if that’s what it takes… i’m warming to that scenario… it would be the very LEAST i would settle for…
August 13th, 2007 at 7:34 pmr is the “sensitive” victim persona…
August 13th, 2007 at 7:35 pm…
r is the “sensitive†victim persona…
…
Comment by katy
lol…
August 13th, 2007 at 7:40 pmwho also finds it important to “keep score”
Rove leaving is a loss for Fascism and for his family’s mental health.
August 13th, 2007 at 7:41 pmlol…
who also finds it important to “keep scoreâ€
Comment by Raven — August 13, 2007 @ 7:40 pm
No kidding. All the while being a complete ’ss to everyone, and complaining that he’s victimized because people call him in his bigotry!!! What a pathetic piece of sh’t!
August 13th, 2007 at 7:42 pmAnd, by the way, why does a guy with 16 months left in an 8 year stint leave to “spend more time with his family” AFTER his kid leaves to go away to college? I’m just sayin…
And, how much longer are they going to use that tired old excuse? It’s like they don’t even care to try anymore – we all know it’s pure bull – and they just don’t care.
August 13th, 2007 at 7:43 pmComment by r — August 13, 2007 @ 7:09 pm
Stop whining. You’re such a sissy. Are you a Romney boy?
August 13th, 2007 at 7:48 pmRet. Col, Jack,..I enjoy your post’s and Katy also…Having said that, with all due respect, I disagree…What is missing here is huge..Huge….Our present Dem’s for the most part have been enabeler’s, rep. light as it were…..I have been a staunch Dem for 46 year’s, right or wrong I have stood with them but not now…Each one in office must get my vote and respect by their own vote’s and deed’s…Just saying words and the pandering and playing give away with our constitution and civil right’s with out a wimper doe’s not sit well with me….Funny getting older has not made me softer as they say….I am rabid about what they have done for vote’s or not done that has helped the reich.,,If the Dem’s don’t get their act together right now, put impeachment back on the table and grow a spine the rep’s will probably win again and my vote to any radical party may help that win in the short term..In the long term thing’s will get bad enough for the public to wake up and form a new party that is truly for the people and the country….Right now my money is on Kucenich and few other Dem’s will get my vote, local or national..If he doe’s not get the nod Hillery or Obama will and I will not vote for any Dem’s,,,,.Blessings
August 13th, 2007 at 7:50 pmForgot to mention another point, if I remember correctly there are signing statement’s that say none of this administration can be prosacuted once out of office..Think it was written in those revised Patriot act messes…Once they are out they are home free….Blessings
August 13th, 2007 at 8:00 pmZooey, what if I claimed after-the-fact SATIRE, would that make it ok?
Comment by r — August 13, 2007 @ 7:09 pm
Need a tissue?
August 13th, 2007 at 8:08 pmIt’s always weird when the trolls wade in with their Bizarro World version of things.
Do you realize the Bushies have been saying the economy is good for SEVEN STRAIGHT YEARS? They must think everybody is as dumb as their base.
http://www.dkosopedia.com/wiki/Republican_Sex_Scandals
August 13th, 2007 at 8:13 pmi do understand, sharon… and truly appreciate your respect…
we need a jonothan turley here to explain your second concern…
if i remember, there is no executive privilege if the charges and investigation center on CRIMINAL CHARGES…
congress needs to press on with investigations…
criminal charges WILL develop from those.
keep lighting your candles!
August 13th, 2007 at 8:17 pm:-)
Note to Fox: The financial markets are already in bad shape, due to volatility over sub-prime mortgage loans and other factors. And the departure of a man who helped drive the nation into long-term deficits is the least of the market’s current concerns.
Let’s read this real slow, shall we:
And – the – departure – of a – man who – helped – drive the – nation into – long-term – deficits – is the – least – of the – market’s current – concerns.
That;s completely stupid to the core!!!!!
“long-term – deficits” ARE A BIG-ASS PROBLEM!!!!!!!!!!!!!!!!
August 13th, 2007 at 8:34 pmNeed a tissue?
Comment by Zooey — August 13, 2007 @ 8:08 pm
—
Is that satire?
August 13th, 2007 at 8:43 pmIs that satire?
Comment by clipse — August 13, 2007 @ 8:43 pm
Are you under restraints yet?
August 13th, 2007 at 9:00 pmCavuto is such a hack. Unless you take Adam Smith at his word and ignore the last 200 years you MIGHT listen to old Neal. He would be right at home in the 1890’s.
August 13th, 2007 at 10:25 pmRove helped engineer the tax cuts which have stimulated the economy.
Whatever you tax more, you get less of. Whatever you tax less, you get more of.
When Clinton ended the real estate tax for the sale of your personal residence, it fueled a real estate boom and helped drive up investments and tax revenues.
Bush’s tax cuts helped create the 2nd longest bull market in history, seeing the stock market advance to all-time record highs, keeping unemployment below 5%, and helping Americans get ahead.
If the Democrats let the Bush tax cuts expire or enact new tax hikes of their own, then we will get less investments. I would expect the stock market to correct significantly and unemployment to rise.
August 14th, 2007 at 12:16 amRove helped engineer the tax cuts which have stimulated the economy. Comment by muckdog — August 14, 2007 @ 12:16 am
Ah, YET ANOTHER FAILURE. Those tax cuts produced the second worst recovery in the last century!
Whatever you tax more, you get less of. Whatever you tax less, you get more of. Comment by muckdog — August 14, 2007 @ 12:16 am
What a b’llsh’t statement. When you tax more, you get more revenue. When you tax less, you get debt.
When Clinton ended the real estate tax for the sale of your personal residence, it fueled a real estate boom and helped drive up investments and tax revenues. Comment by muckdog — August 14, 2007 @ 12:16 am
B’llsh’t.
Bush’s tax cuts helped create the 2nd longest bull market in history, seeing the stock market advance to all-time record highs, keeping unemployment below 5%, and helping Americans get ahead. Comment by muckdog — August 14, 2007 @ 12:16 am
You mean after the largest collapse of the stockmarket in almost a century? Where it took almost 5 years to recover to the levels before then? All time highs? BAHAHA, BARELY!!!
You’re an idiot.
If the Democrats let the Bush tax cuts expire or enact new tax hikes of their own, then we will get less investments. I would expect the stock market to correct significantly and unemployment to rise. Comment by muckdog — August 14, 2007 @ 12:16 am
Also b’llsh’t. You’re completely ignorant of economics.
Bush has had one of the worst economic records of any president in recent history. Your SPIN is laughable, ignorant, and so wrong you are surely a unicorn riding fool.
August 14th, 2007 at 2:57 pmNow I have seen everything. Thank God I don’t have cable anymore. I see I’m not missing anything special.
:-/
August 14th, 2007 at 7:14 pmtest
August 31st, 2007 at 11:04 am