2012 Presidential Election (free for all edition)

[mlmpetert]

Originally Posted by NC_Skins

Nope. No lies or distortion going on here.

i honestly dont understand what kind of point youre trying to make with that "Fox News" discrepancy, which you refer to as "lies and distortion". Is it a "having your cake and eating it too" type thing?

But the lies and distortion (aka discrepancy) thing isnt even really a discrepancy at all, because Fox Nation and Fox Business are entirely different networks, both of which are likely making their statements for entirely different reasons. Their purposes are independent of each other.

I honestly dont even think Fox Nation is even a network or channel, but just a website. And its not a journalism reporting site but a blog style conservative targeted news/opinion/commentary site. Obviously the headline “Gas Prices Up 83% Under Obama” is going to be for that audience.

Fox Business is more of an actual news network but just like CNBC, Fox Business focuses on equity markets and economic situations with analysis and opinions. Politics are really only discussed in terms of their perceived effects on markets, and often with caution or sensitivity. Usually business networks purely focus on "business" from early morning until 4pm (when most US markets close), followed by market recap and economic punditisy (my word). Political opinion may drift into shows later in the evening.

You also have to know conventional wisdom formed around current economic events. I suspect the reason Fox Business proclaims “Cheap Gas Isnt Good” is because it implies that the demand for it is falling, which serves as an indicator that our economy is hurting.

Commodities are tricky to value because their intrinsic value is hard to define and much (or all) of their total value is purely speculative or market driven. But lets pretend the price of gas is 4 bucks; $3 of which is its base value, and $1 being global economic demand. If our economy isn’t healthy or things in Europe are bad (or both!) and the demand aspect for gas drops by a dollar, than cheap gas at $3 “isn’t good”.

If the “base value” fell independently of the global economic demand that would be good, and may imply additional supply, a stronger dollar, lower production costs or a host of other things. So while high gas prices are usually bad, whats even worse is when gas prices are low because no one needs to drive to work.

Either way these are different statements made by different media outlets for different purposes and likely in very different context.

I personally find it interesting that gas prices have increased 88% since Obama took office while the global economy has been subdued. I believe the major increase in gas prices under Bush came from the HAVOC (VCU Baby!!!) Katrina had on the oil supply and felt temporary. I cant say that about current prices…..

[NC_Skins]

Originally Posted by mlmpetert

i honestly dont understand what kind of point youre trying to make with that "Fox News" discrepancy, which you refer to as "lies and distortion". Is it a "having your cake and eating it too" type thing?

I think it's quite obvious to understand the point that was made in that picture.

Gas prices rise: It's Obama's fault

Gas prices lower: Obama has nothing to do with this

Any third grader can grasp what they are tying to do which leads back to the lies and distortion comment.

Originally Posted by mlmpetert

But the lies and distortion (aka discrepancy) thing isnt even really a discrepancy at all, because Fox Nation and Fox Business are entirely different networks, both of which are likely making their statements for entirely different reasons. Their purposes are independent of each other.

I honestly dont even think Fox Nation is even a network or channel, but just a website. And its not a journalism reporting site but a blog style conservative targeted news/opinion/commentary site. Obviously the headline “Gas Prices Up 83% Under Obama” is going to be for that audience.

You keep telling yourself they have nothing to do with each other and they are "independent" of each other.



Go to Fox News and you'll get all those "independent of each other" entities you speak of at the top of their page. That's not independent bro. They serve ONE purpose. Propagation.

Fox News Viewers Know Less Than People Who Don't Watch Any News: Study

Fox News Viewers Are The Most Misinformed: Study

However, while consumers of just about every news outlet believed some information that was false, the study found that Fox News viewers, regardless of political information, were "significantly more likely" to believe that:

Gee. I'm totally shocked by this. /end sarcasm

Originally Posted by mlmpetert

You also have to know conventional wisdom formed around current economic events. I suspect the reason Fox Business proclaims “Cheap Gas Isnt Good” is because it implies that the demand for it is falling, which serves as an indicator that our economy is hurting.

Sure. That's fine, but don't say out the side of your mouth that cheap prices aren't good, but scream "ITS OBAMAS FAULT" when the prices are high. I understand the economics of oil and impacts of other economies affecting this. Not only that, I showed you evidence where the same guy blames obama for gas prices, yet somehow managed to defend him the previous year saying the president has nothing to do with it.

Originally Posted by mlmpetert

I personally find it interesting that gas prices have increased 88% since Obama took office while the global economy has been subdued. I believe the major increase in gas prices under Bush came from the HAVOC (VCU Baby!!!) Katrina had on the oil supply and felt temporary. I cant say that about current prices…..

Then chances are you are probably a Fox viewer. One of the major reasons was the conflict(s) in the middle east. That immediately caused the prices in oil to spike. That happens when your President lies to his people about evidence for going to war and causes prices to skyrocket. Hey, had to get those oil stocks up for the good ole boys!! (and haliburton)


History and Analysis -Crude Oil Prices


Despite GOP Claims, High Gas Prices Are Not Obama's Fault - TIME

Time to get educated my man.