Cavuto guest Hoenig: If Moussaoui is not executed, stock market will suffer
On Fox News' Your World, Jonathan Hoenig, the managing member of Capitalistpig Asset Management LLC, asserted that the U.S. economy would be unable to "thrive" in the event that convicted September 11 conspirator Zacarias Moussaoui is not summarily executed. "If I had my way, you'd bring him out back, put a bullet in his head, and toss him in the dumpster," Hoenig said, adding, "This is an evil monster and I just don't see how society can prosper or the economy can prosper, if this guy lives."
During the April 12 edition of Fox News' Your World, Jonathan Hoenig, the managing member of Capitalistpig Asset Management LLC, asserted that the U.S. economy would be unable to "thrive" in the event that convicted September 11 conspirator Zacarias Moussaoui is not summarily executed. Hoenig was responding to a question from host Neil Cavuto, who asked Hoenig and radio host Herman Cain for their thoughts on whether the outcome of the Moussaoui trial, currently in the defense phase, will have an effect on the stock market. Hoenig responded: "If I had my way, you'd bring him out back, put a bullet in his head, and toss him in the dumpster," adding, "This is an evil monster and I just don't see how society can prosper or the economy can prosper, if this guy lives."
As Media Matters for America has previously noted, Your World and other Fox News business programs have frequently posited the effects of numerous current events on the U.S. economy or stock market:
- During a panel discussion on the effect of politics on the Dow Jones Industrial Average during the July 22, 2004, edition of Your World, Fox News business contributor Meredith Whitney said, "As [Senator John] Kerry's numbers increase, the market seems to go down on almost a one-for-one correlation" -- an erroneous claim for which she provided no evidence. Nonetheless, Fox News business analyst and contributor Scott Bleier "totally" agreed.
- On the March 24, 2005, edition of Your World, Michael Norman, Fox News business contributor and founder of Economic Contrarian Update, compared judicial rulings in the Terri Schiavo case to "malicious prosecution" of the insurance industry and warned that "[i]t's starting to constrain the economy" and "[u]ltimately, it will be dangerous to the stock market."
- As a promotion for the December 10, 2005, edition of Fox News' Bulls & Bears, the leading program in Fox News' Saturday business lineup, which includes Cavuto on Business, Fox aired a screen capture of Democratic National Committee chairman Howard Dean delivering a speech, superimposed over a stock market ticker. The onscreen text read: "Liberals on Iraq: Bad for America & Stocks?"
From the April 12 edition of Fox News' Your World with Neil Cavuto:
CAVUTO: So, is this an important reminder of just what is at stake in this ongoing war on terror? With us now, Jonathan Hoenig of Capitalistpig Asset Management and syndicated radio talk show host Herman Cain. Herman, what do you think?
CAIN: I don't think it's going to impact the market. As painful as it is to relive some of these testimonies, I think it does two things: First, it reminds us that this war on terror is ongoing. So, I don't think there's an immediate impact on the market, but some people need to be reminded that this war is ongoing, and that they should not forget 9-11, 2001.
CAVUTO: Jonathan?
HOENIG: Neil, Moussaoui is evil, and this chilling testimony, whether it be from the World Trade Center or from the [United Flight 93] cockpit, it puts in front of you the face of evil. And I think the market will be worried, to be honest, if he gets off. I mean, an economy can't thrive --
CAVUTO: Well, there's no chance of that.
HOENIG: Well, if --
CAVUTO: The only issue here is whether he's -- life in prison or death.
HOENIG: I think if -- well, he should be put to death. To be honest, I'm surprised we're giving him the courtesy of the trial, Neil. If I had my way, you'd bring him out back, put a bullet in his head, and toss him in the dumpster. This is an evil monster, and I just don't see how society can prosper or the economy can prosper, if this guy lives.
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If he had said Osama Bin Laden, I would agree, but that is no reason to put pressure on expectations from the Judiciary.
Does this guy look like Alfred E. Newman to anybody else? Anybody?
I concur.
"This is an evil monster and I just don't see how society can prosper or the economy can prosper, if this guy lives."
That is the most lousy argument I heard to convict someone to death: he should die otherwise we suffer economically, no matter whether he is eally guilty or just delusional.
Oh yea, this guy is so just and for a democratic country based on equality and laws: "If I had my way, you'd bring him out back, put a bullet in his head, and toss him in the dumpster". Any jury and judge that will decide otherwise will be designated an activist, right?
According to Fox 'Snooze' life = bad for economy..thus, death must be GOOD for the market. SCREW Prudential! Fox is where it's at!
Tell you the truth, I'm flabbergasted, that's the only word to describe what I'm feeling after watching this video clip.
The only way I can see that Moussaoui's execution could be "good for the economy," is that it may make him a martyr among Islamist fundalmentalists (he wishes this too); thereby igniting more unrest in the Middle East and perhaps even in Saudi Arabia, driving up the price per barrel of oil even higher.
Mr. Hoenig, being a hedge fund manager, most likely welcomes such a development because it will increase the value of stocks in the petroleum drilling and refining sectors.
I understand that share prices for Exxon Mobile and Halliburton look quite attractive for investors right now.
thinks that decapitating means tax cut or something!
Go to the link above and click on this guy's website - I dare you.
Aside from trolling for clients with portfolios as small as $30,000, this guy is hawking "Capitalist Pig" t-shirts using PayPal accounts. There is, of course, the obligatory Ayn Rand homage.
With his stellar financial record, Alfred E. here is apparently qualified to speak to matters of both finance and judicial ethics. Tomorrow, Cavuto will interview a Cub Scout about Iran's nuclear program.
Seriously, isn't anyone on this channel capable of embarrassment? Couldn't you find someone with at least SOME qualifications to spout the party line for you?
It happens over and over on Fox - nobodies with no qualifications speaking about things of which they they have no idea. All it takes is a bare minimum of telegenic spark to get you on their programs.
How stupid must you be to watch this?
Take him out and put a bullet through his head? You won't be able to get away with that here pal.
But here's an idea, Jonathan. Next time you're in New York, there's an enlistment office right there at Times Square. It's only a couple of blocks from the Fox News Studios. Go to Broadway, make a left and go to 42nd Street. it's a five minute walk, tops. You look young enough to serve in some capacity. Maybe you'd even get the chance to grease one of these evil mofos after you get to Iraq or Afghanistan.
And by the way, moron, Moussaoui is similar to you, a patsy. Not too bright, but open to suggestion. Also like you he's blinded by ideology. His is to a bastardized form of Islam, yours is to a bastardized form of journalism. Both of you are extremely dangerous.
What does Buffalo Bob and Clarabell think about this?
This is such a non sequitur that it defies a logical response.
In much the same vein (or close to it), these same specimens of Zealotry and True Belief claim that the defence of free-market capitalism with American characteristics is conditional upon the maintenance and perpetuation of racist, classist, elitist, even white-supremacist, articles of faith, and the policies so excusing.
(I understand such was the same line used by the South Africans to justify the defence of apartheid, as if equating black civil-rights leaders with "Communists" wasn't disgusting enough....)
You left-wingers don't know what you are talking about. Jonn simply understands the realities of our execution-based economy.
If, for instance, we reduced executions by 10%, the economy would immediately be depleted by 10%. Also, the 10% of the people we did not kill would surely vote Democrat, who in turn, after siezing power, would destroy the economy and replace it with a single project -- a huge, atheistic flesh-fountain in the middle of Oklahoma that spews forth a Vegan-friendly nutritional slosh that we can all feed upon, thus removing thousands of markets except for postcards of the flesh-fountain that can be sold to tourists.
Hoenig simply realizes that executions are directly related to the state of the economy, and no doubt all the great capitalist thinkers like Smith, Keynes, and Hayek, would agree with this position. Hayek, for instance, often called for widespread executions in order to avoid the implementation of a central bank.
You're not a religious fanatic as long as your god is the Economy.
I dont even know why they are saying that. Most people agree that he should be sentenced to death without being threatened with the economic collapse.
fox can't get more absurd. anyone putting their 401k in this guy's hands?
Does anyone else find the phrase "war on terror" as incredibly stupid as everything else these people spew out? It seems to me that the goal of terrorists is to spread terror, to make us afraid. And war produces death and destruction and fear. In our case, where we obviously have the upper hand, responding by declaring war on terror shows that we are afraid and will pursue a policy guaranteed to increase fear, not reduce it. The whole idea of a "war on terror" is self-defeating -- exactly the kind of non-thought the Bush types are trapped in, to the detriment of everyone in the world. Sad.
I might take this metrosexual's tough guy routine a little bit more seriously if he wasn't sporting so much product in his hair.
The best thing to do about Moussaoui would be to stop reporting anything about him. He is beneath contempt and appears to be enjoying all of the publicity created by his crass behavior. It is clear that Moussaoui is begging to be a martyr now. Just turn off the cameras and let him die at his scheduled time or let him rot the rest of his years in prison.
I think Wally should ask Ward what to think before he opens his mouth.
enough said. The legal system serves justice, not economics.
I agree with King. If he wants blood, he should enlist. The military needs more foot soldiers.
and that's a high bar when talking about Faux News!
Somehow, I think the Republicans was hoping to get a lot more out of this trial than they got. It would of been a big boost to, like pouring water on dried poo, bring back the fear, hatred and revenge this horrible act produced. I bet Mr. Bush would also like to bring back the big boost in the polls he got from the being in the top position to rally our nation's recovery. Back then his timing could not be matched as he seem to do no wrong. Somehow, I think Mr. Bush should move away from trying to capitalize off of this issue and his Republican cronies would do wise to let it go because what might be brought out is how the American public was used to pursue someones special interest.
Joseph
"If you don't continue the chain by sending this letter to 20 friends, you will be visited by BAD LUCK. People who have broken this chain have had loved ones die, have fallen into financial ruin, and have contracted genital worts."
The threats of the Rightwing "Chicken Little" -- behave as I deem proper, or the stock market will suffer.
"At long last, sirs, have you no shame?"
Wow....and I thought the only place ANYONE could be on TV was at Best Buy.
I guess he does have a point....we all remember the dramatic market fallout after Terri had the tube pulled...