But Will Jack Cafferty Get the Memo?

CNN's Andy Serwer dismissed the notion that a GOP conspiracy is driving Wall Street's strong performance of late.

I wonder if Jack Cafferty will get the memo:

After weeks of CNN entertaining the notion of a gas price conspiracy and one day after the Dow Jones had it’s second highest close, CNN’s Andy Serwer flatly told viewers to ignore the idea that Republicans were artificially boosting Wall Street.

“There’s the conspiracy theory that says that because we’re coming to an election, the GOP is making the market go up, which, don’t believe it. If they could do that, they would be on Wall Street getting really, really rich, instead,” Serwer added in his “Minding Your Business” briefing of the September 27 “American Morning.”

Yet for weeks, Serwer’s network gave credence to the conspiracy theory idea.

The ball got rolling in late last month with Jack Cafferty’s remarks on the August 30 “Situation Room.” “You know, if you were a real cynic, you could also wonder if the oil companies might not be pulling the price of gas down to help the Republicans get re-elected in the midterm elections a couple of months away,” Cafferty mused.

He made similar claims as host of September 2 edition of “In the Money.” “Certainly the thought had crossed my mind. I mean, the oil companies have a vested interest in seeing that the Republicans remain in control of the federal government,” Cafferty said, defending the notion.

For more, see my article at the MRC's BusinessandMedia.org.