Tag Archives: Michelle Caruso-Cabrera

She loves me not

The standard critical thinking examples of fallacies, many argue, just don't ever occur in real life.  No one, for instance, would ever allege that the stock market is tanking on account of someone's appearance on a TV show.  Right?  Wrong.  Take the following interchange between Rep. Raul Grijalva (D-AZ) and CNBC's Michelle Caruso-Cabrera  (Via TPM).

“Representative? You know what, as we’re talking the market is selling off once again,” she told Grijalva. “Every time members of Congress come on, and I’ve got to tell you sir, I think you’re contributing to the fears that we’re going off the fiscal cliff because it doesn’t sound like there’s any compromise in what you’re saying. Do you care that markets are selling off dramatically when it looks like you guys can’t come to a deal?” 

What makes this hilarious is the implication that the stock market, with all of its wonderful complexity, was glued to CNBC, and CNBC's narrative of compromise, such that its hopes sank like a teenage boy at a high school dance when that compromise didn't appear to be imminent.

Sadly, the person who made this comment has a job as a journalist in the financial industry.  One might believe that knowledge, with all of its requirements of believing correctly and evidence and such, might be paramount.

Regrettably, no.