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Monday, November 10, 2008
Sheppard's Domain of Misinformation Grows
Topic: Washington Examiner

Noel Sheppard isn't content with limiting his misinformation to NewsBusters.

A Nov. 10 Washington Examiner op-ed by Sheppard falsely blames stock declines on the two days following the presidential election were solely attributible to Barack Obama's victory, asserting that "there's no question this represented Wall Street's vote of no confidence in Obama's economic plans for the future."

In fact, as Media Matters points out, even the Fox Business Channel agrees that stocks dropped on Nov. 5 due to the release of a pair of reports showing lower employment and increased layoffs. Further, the Wall Street Journal reported that stocks dropped on Nov. 6 due to further signs of a weakening retail sector and anticipation the release of the monthly federal unemployment report.

Sheppard also curiously failed to mention that stocks closed 248 points higher on Nov. 7.

Posted by Terry K. at 4:48 PM EST

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