Fox business anchor Cavuto let Snow peddle false stock market performance stats

SUMMARY: Fox News' Neil Cavuto did not challenge Tony Snow's false claim that "since the president cut taxes in 2003, the Dow Jones is up 60 percent. The Nasdaq is up 80 percent." But even under the most favorable criteria, Snow's statistics are plainly wrong. And when adjusted for inflation, the value of both stock indices has decreased since President Bush's first major tax cut package in June 2001.

Comments