Brokaw: Financial Crisis Helps Obama
The media have decided the economic distress helps Democratic presidential nominee Sen. Barack Obama,
Former âNightly Newsâ and current âMeet the Pressâ anchor Tom Brokaw reinforced this point on CNBCâs Oct. 13 âPower Lunch.â According to Brokaw, Obama is doing well in the midst of this financial crisis thanks to populist sentiment on â
âOf course it does,â Brokaw said. âI mean youâre seeing that right now in the polls. Look, one of the reasons it helps him win is that this is
Itâs automatically a mark in the âwinâ column for Democrats, according to Brokaw, when thereâs an anti-Wall Street sentiment.
âAnd when that happens, that of course, I think, generally accrues to the asset side for a Democratic candidate,â Brokaw said. âNow whether it can be sustained or not, I donât know.â
Brokaw didnât mention how his colleagues in the media have worked hard to pit
According to CNBCâs Charles Gasparino, the threat of an Obama presidency could be behind part of the extended losses in the financial markets. In the Oct. 13
âIt could be a lot lower - it all depends on the policies of the next president,â Gasparino said. âAnd, as it looks increasingly likely that Obama will be that man, the markets are casting a vote of âno confidence.ââ
Gasparino said in his column that Obamaâs proposal of the âmost lethal tax increases imaginable, including a jump in the capital-gains rateâ has investors some concerned. He also included Obamaâs efforts to expand government as a reason the market has sold off.
âHeâd expand government spending massively, with everything from new public-works projects to increases in foreign aid to a surge in
Over the years, Brokaw has done a poor job of veiling his left-of-center bias, as the Media Research Center pointed out prior to Brokawâs moderation of the Oct. 7 town hall format presidential debates.