Common Sense: Give Us a Chance

Boy, we had a ton of mail after our weekend show.

Cavuto on Business, as it's modestly known, airs Saturdays at 10:30 a.m. and 6:30 p.m., as well as Sunday at 9:30, right after our friends at Bulls & Bears and this weekend we really got hot and heavy on this tax issue.

I argued the rebate proposed by Democrats was a waste of time. Some of my panelists disagreed.

Sam Patterson e-mails:

"Sir, after watching you for a while, it seems to me you are like our U.S. Congress — PAC-owned. You are like the other GOP business media who writes off three-fourths of Americans as unimportant..."

With all due respect, Mr. Patterson, bull! Rich or poor, middle class or upper class, I think a one-time rebate is stupid. It benefits no one. And I think it's insulting to everyone. Give everyone a good-sized long-term tax cut. Period.

That frankness borders on the obnoxious, according to Linda Gottlieb:

"I have stopped watching you and I now tune in to your competitors on CNBC. You are so rude and crude when you interrupt your guests. You only want to hear those who agree with you..."

She was prattling on about other such things, but I tore up the letter at that point.

F.J. Guenther, in Tampa, Florida, writes:

"My friend, Mr. Cavuto, your guests on the weekend show must be too young or have forgotten that if the government would pull the old investment tax credit rabbit out of the hat, business might just start spending again..."

Businessweek economist Bill Wolman is too young? If memory serves me correctly, Bill covered the launch of Noah's arc!

Jeff Brumbagh, in Monticello, New York, suggests:

"Bill Wolman should go back to the new socialists economy school."

Dave Brooks, New York:

"Please tell Neil Cavuto to stop picking on Bill Wolman... on his weekend show. He may not realize it, but he tends to pick on him and treat him poorly, and it really bothers me... I really enjoy the show, save for this aspect."

Well, Dave, duely noted. But I do like Bill. We've been friends for nearly 20 years now. I just disagree with everything he says — that's all. But he is a great guy. So I'll watch my manners.

Finally this tip from Joe Patrick, out in Folsom, California:

"Neil, I'm no business wonk, but you still make you show interesting for me. You should still listen to O'Reilly more often though."

I assume, Mr. Patrick, you're talking about Bill's oft-stated view that we're in a recession, or at the least, going to hell in a hand basket.

I have argued for some time, of course, that is not the case. Again, let me tell you why. I'm not a Pollyanna, as more than a few of you have charged. I am a realist though. And I think a realist who gets the entire picture.

What you're hearing a lot of is bad news. And there's certainly enough of that. What you're not hearing is the good news. And for my money, there's surprisingly a lot of that. Trouble is, you're not getting it.

But I am giving it. News like this latest report out of the nation's purchasing managers. These are the guys who buy things for their businesses. Their mood often determines our mood. Last month, the NAPM indicator jumped to 43.1 percent from 4.9 just the month before.

That's right — jumped!

But are you hearing that? No! Because good news doesn't rate! It gets in the way of this going-in-the-tank story that does. No wonder then we don't hear much about surveys about us — surveys out of both the conference board and University of Michigan that show we're still optimistic and, get this, we're still upbeat! But I dare you to find much coverage of that.

Again, I think a lot of what we go through is psychological. We hear enough lousy news, we feel lousy. We hear enough layoff news, we fear getting laid off ourselves. It's natural for some of us. It's just not the case for all of us.

Look, things are never easy or what they appear to be. Either last year when we were giddy, or this year when we are dreary. All I'm saying is, let's give us a chance.

The peace, I trust, will come later.

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