In response to a post about how Fox News falsely claimed the Dow dropped 56 points during a speech by President Obama, an e-mailer offers up a snarky question (subject line Fauxviating):
So what has the DOW done since Faux came into existence?
Obviously, the question mocks Fox's favorite sport, highlighting (or inventing) drops in the Dow while a Democrat speaks.
Just for the record, Fox Business News had its first broadcast on October 15, 2007. The previous close was 14,093.08.
In other words, since Fox Business News came into existence, the Dow has dropped nearly 50%.
So if you're wondering which business network has caused the most damage to the nation's economy, move over CNBC! It's Fox Business News!*
(*Either that, or correlation does not equal causation.)