apocalypse
Hey, you half-million people seeking unemployment checks last month: Did you not hear that Congress and Hank Paulson are going to Save the Economy? And what about you Wall Street analysts finally admitting, today, that the United States is in a terrible recession? Did you forget that John McCain believes the fundamentals are strong?
HELP US, GEORGE W., YOU ARE OUR ONLY HOPE? Oh dear lord, George W. Bush will be rolled out in a moment to speak about the Depression, again. Liveblogging will occur. [Associated Press]
It’s time for an old-fashioned “fireside chat,” minus the fire, and minus the comforting voice of paternal buddy Franklin “FDR” Roosevelt. Instead, that one guy will be rolled out this evening, Bush Junior. He will awkwardly read from a teleprompter about the dire economic situation and how those lousy Dems better back Paulson’s $700 billion [...]
OUR BANKRUPT COMMUNIST NATION: “The best news for people afraid of ‘change’ is that the new president will have about twenty bucks to run the federal government for the next four or eight or hundred years.” [AOL Political Machine]
Well, that was a fun week in finance news. So what did the markets get, after the U.S. government decided to end market capitalism and become the Soviet Bank of Soviet America? Stocks ended the week flat, that’s what. Monday morning, the Dow opened at 11,421. Today, after this unprecedented nationalization of AIG and promises [...]
By the Comics Curmudgeon Hey everybody, are you enjoying the total implosion of late-stage capitalism? Are you watching your 401K lose digits by the day? Are you concerned that George W. Bush’s drunken meandering bullshit might not actually turn this thing around? Are you wondering, in other words, what the future post-apocalyptic meltdown will look [...]
So you know how the Fed “bailed out” AIG with $80+ billion and now everything is okay? Right, it’s not okay at all. The $80+ billion allows the failed insurance giant an “orderly liquidation” of its assets. AIG is done. That is just one of the reasons why the markets continue to collapse today — [...]
John McCain said, today, that the “fundamentals of our economy are strong.” He doesn’t even know what this is supposed to mean, of course, because all he knows about the economy is that the Navy gives you money and benefits and the Senate gives you money and benefits and Social Security gives you money and [...]
McCain adviser and Krugman-obsessed NRO blogger Donald Luskin has one of his unintentionally hilarious “all economic statistics are a liberal conspiracy by the liberals” things in Sunday’s Washington Post, in which he gives the Obama campaign another Phil Gramm-style gift. “Things today just aren’t that bad,” he writes. And then he proudly quotes the Gramm [...]
Hey everyone, it’s September 9 today, meaning that in only two days it’ll be… what will it be?… uh oh, WE FORGOT. HA HA HA, boy howdy. But yes: in two days it will be the seven (7) year anniversary of the day Rudy Giuliani couldn’t protect his own city from being attacked by commercial [...]
Here are the current Top Headlines at Bloomberg: Payrolls in U.S. Fall More Than Forecast; Jobless Rate at Five-Year High Mortgage Foreclosures in U.S. Rise at Fastest Pace in Almost Three Decades U.S. Stocks Decline After Unemployment Rate Unexpectedly Increases to 6.1% Merrill Lynch Cut to `Sell’ at Goldman; Credit-Market Writedowns May Rise Gabelli Says [...]
Because we are kind of busy, and WTF Jack Reed?, here is your editor’s basic report on what we’re doing, in Denver and Saint Paul and everywhere between, even though your editor just got diagnosed with the Strep Throat.
