When Markets Hiccup, Dumb Ideas Look Even Dumber

There's nothing like a volatile market to make a dumb idea look even dumber.

Like raising taxes. I think — and I'm biased here — always dumb.

But "really" dumb when markets are hiccupping. And I think, hiccupping, in part because taxes could be going up on the whole.

Slowdowns are inevitable — recessions too. And apparently, so are too stupid ideas. Like raising taxes at a time we can ill afford it and markets can simply not handle it.

We know tax cuts create revenues. We know tax cuts create jobs. And we know tax cuts made what could have been a long and awful recession back in 2001 one of the shortest and most shallow in history.

Unfortunately, many in Washington do not know that. But they do know how to read. And they do know the difference between up arrows and down arrows.

And they do know that in an environment of down arrows on Wall Street, you don't talk about putting up arrows in front of taxes on Main Street. That's why you're not hearing them yapping about that.

The media didn't silence them. For now, the markets have.

For now.

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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.