Mike Huckabee Floats Theory of "Economic Terrorism," Other Crazy Things on Fox News
Huffington Post | Rachel Sklar | October 12, 2008 02:27 AM
Did you know that the recent financial crisis could actually be the result of economic terrorism? Or that Congress took off after the bailout vote to get an early jump on Christmas shopping? Or that the Chinese might be drilling off the coast of Florida right now?
If you were tuned into Mike Huckabee's new talk show, "Huckabee," last night on Fox News, you'd have every reason to think so, since all three theories were floated without any argument to the contrary. Oh, also, Barack Obama apparently supports a Culture of Death.
I'll take all these in turn. The most potentially damaging claim was Huckabee's suggestion that the U.S. financial markets are being deliberately targeted by economic terrorists. His source for this is his friend - unnamed and unidentified other than Huck's explanation that he's "in the financial markets." Here's the claim:
Just today, a friend of mine in the financial markets indicated that he's been doing a careful analysis of the last 12 days, and there seems to be a manipulation of the marketplace - at the last half-hour of each day, there is an extraordinary rush of computerized trading going on. He believes that there may, in fact, be evidence of economic terrorism that is fueling a lot of what's going on. Now it's a fascinating idea, that if somebody could break down the world economy, it would have a greater impact that any bomb ever set off. It seems to be there is plausible argument for it.
Oh, totally plausible! Especially based on all the evidence you presented. That's some crack reporting there, Mike! Actually, this is a wholly speculative and totally unsubstantiated theory and, as such, is horrendously irresponsible to float on national television at a time of such serious market fragility. I'd say thank God no one watches him, except that he debuted with 2.01 million viewers. This is how rumors get started. Just ask Steve Jobs.
(And that was a random CNN iReport contributor. This is a prime-time host. Who ran for president.)
And that's not all! long-ass article-sauce