Gripedujour

The Daily Show examines Fox News’ reaction to Obama leading in the polls. The conclusion is simple: Fox is becoming unhinged. According to Stewart, “Fox News: The World’s Unfair and We’re Becoming Mentally Unbalanced.”

(CLICK HERE FOR VIDEO)

Well, this is disconcerting. Seems for the first time that I can ever remember, NOBODY likes the way the national economy looks. Seriously. ZERO PERCENT of people polled thinks things are getting better in this country. That’s right, fucking ZERO!

American research group has released it’s latest poll data and the results are interesting. Graphs and charts after the jump… Read the rest of this entry »

Here’s a nice little compilation of McCain saying how “The Fundamentals of our economy are strong.” Eighteen times over the past twelve months. That means about every six weeks homeboy hits up this taking point without fail. Should probably spend more time reading the paper and less time reading his script. He’s clearly got his lines down pat.

Richie Rich has flown over America in his private jet, surveyed the damage and in the course of 36 hours, decided the economy has gone from “strong” to “total crisis“ — in a mere day and a half!

That’s gotta be some sort of Flip Flop Hall of Fame type shit. 36 hours! In a  day and a half, Mr. “I Don’t Know Much About the Economy” decides we’re in a “total crisis”, after all. Gee, what the fuck do you think the first hint was for this stupid motherfucker?

Let real wages fall, number of American’ living in poverty rise, unemployment spike and every thing’s cool. Let some Wall Street bitches lose their yacht money on real estate, and now “it’s total crisis.”

After the Government announced an $85 billion bailout of AIG the stock market continued it’s full-blown meltdown today, with shares of Morgan Stanley off 45%, Goldman Sachs down, 25%, and an out-right seizing of the credit markets.

I wonder stupid shit the McCain campaign will sy about it today. Click here and here for yesterdays instant classics.

Barack Obama accurately describes the failing of our major financial institutions as a “major threat”.

He also had this to say:

“The challenges facing our financial system today are more evidence that too many folks in Washington and on Wall Street weren’t minding the store,” he said. “Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged out sized bonuses to CEOs while ignoring middle-class Americans have brought us to the most serious financial crisis since the Great Depression.”

On the matter of the failing of two major financial institutions today John McCain recylcled his old line and had this to say:

“The fundamentals of our economy are strong.”

Watch it here.

Decide for yourself which man is better qualified to lead this nation.ction, wall stret

There he goes again. With Lehman Brothers in liquidation, Merill Lynch being sold off for $50 billion to B of A, Washington Mutual and AIG on the verge of collapse, unemployment on the rise, $100 a barrel oil, $4 gallon gas, and Alan Greenspan describing the economic peril facing this country as a once in a century kind of thing, Grandpa Simpson had this to say today:

 ”The fundamentals of our economy are strong”

Whether you agree with him or not, what the fuck is he doing repeating that disastrous line on a day like today? Maybe it’s true what he said, maybe he really doesn’t know that much about the economy.

I know the Huff Post wants to make it look like the Bush economy is a disaster, (‘cuz it is!) but why exaggerate, and worse yet, why look like you’re rooting for economic collapse?

Regardless of political party, many many many Americans have money in the stock market, and fanning the flames of a financial panic is simply irresponsible.

The Bush economy speaks for itself, and blaring a headline about “Black Monday”— a reference to, among other things, the market collapse of 1987, is sensationalistic. As of 11:00 Eastern Time the market is off approximately 240 points, or a little less than 2%. In this shitty economic environment that’s just an average day at the office. By contrast, on “Black Monday” 1987, the stock market sold off a whopping 9.5% in a single day! No comparison.

Moreover this sort of headline at the Huffington Post, and at other newspapers across the country, is typical media bullshit. Any given day the market sells off a coupe hundred points (‘cuz Bush’s economic policies suck-ass) and papers and blogs go ape shit with blaring headlines. However, let the market go up 200 points in a day and not a peep out of the Huff Post and it NEVER makes it to the front page of the NYT.

Trying to scare the hell out of Americans so that they see your point of view makes us no better than the Bush people. Remember when McCain’s camp said a terrorist attack on America would be good for McCain? Rooting for an American economic meltdown is kinda the same thing.

Moreover, the Bush clowns and their disastrous economic and fiscal policies are so target rich with actual truths that there’s no reason to hype “Black Mondays” on 2% sell-offs.

Side note: please recall that stock markets do better under Democratic administrations than they do under Republicans. 

• Over the past 60 years, the Democrats have held the presidency only 41% of that time, but under their rule the average annual return in market has been 15.26%, more than six percentage points higher than the 9.01% return under Republicans.

Under George W Bush, the real return has been a measly 0.22%, and an
even worse minus 2.69% return once inflation is factored in.

The financial house of cards that was the Bush economy’s “prosperity” met with a final and crashing deathblow  today as the government of The United States placed the nation’s largest mortgage giants into what amounts as a “conservatorship” (That’s right, the Bush economy is in the same straights as Britney Spears.)

Under the plan, which is to be announced Sunday prior to the Asian markets opening, shareholders of Freddie and Fannie Mac are to be completely wiped out, the boards of the two companies are to be let go and the two mortgage giants will be brought under government control. The giants will continue to function and honor all debt (something foreign governments have been increasingly wary about in past weeks) leaving the American tax payer to fund all debt obligations.

It is truly impossible to calculate the cost to the American tax payer. Suffice it to say the price tag will run into the tens of billions of dollars— making the rescue by far the largest bailout in American history.

John McCain, not knowing which of his seven houses he is currently located at, could not be reached for comment.

The day after the GOP officially nominated Grandpa Simpson as their party’s nominee to lead the country into the 21st century, stocks reacted by plunging more than 300 points.

Wall Street clearly not confident in a McCain Administration— despite what the media would have you believe. Perhaps the financial Masters of the Universe are not psyched about having a prom queen run the world after Grandpa Simpson goes into a “home”.

That or perhaps the whole, “I don’t know much about the economy” thing is a bit scary?

Either way, stocks in the toilet.