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And Yet He Still Rules the World
February 25, 2009 8:03 pm
by dday, Hullabaloo
This is really a jump
the shark moment for Matt Drudge, who is only relevant to the
Gang of 500, anyway.
The
markets opened this morning with a sustained decline, which Reuters
attributed to a new “report showing yet more deterioration in
the
housing market.” Matt Drudge, however, wanted to blame it on
President
Obama, so he posted an auto updating graph of the Dow Jones Industrial
average. Under that, in large block letters, Drudge asked, WAS IT
SOMETHING HE SAID? But as the day passed, the market rebounded, and
Drudge was left suggesting that Obama was responsible for the rally.
Drudge couldn’t let that stand so, several minutes later, he
changed
the headline: MARKET REBOUNDS. But then, shortly before the closing at
4:00 PM, the market declined again. What did Drudge do? He hurriedly
changed it back, typos and all: WAS IT SOMETHING HE SAID?">WAS
IT
SOMETHING HE SAID?
We all know that every minute of
market activity is dictated entirely by the utterances of whoever is
President at that time, so Drudge is surely on solid footing here. So
I'm sure this embarrassment is just a temporary setback for him. After
all, markets rarely fluctuate over the course of a day.
I'm also
fairly certain this will cause approximately no member of the
chattering class to reassess their reliance on headlines and news
stories hand-picked by someone who today revealed himself to be a
complete idiot.
Obama's War with the Right (& Media)
March 1, 2009 3:04 pm
Robert Parry, Consortium News:
....Though Obama lays the bulk of what he calls 'a legacy of mismanagement and misplaced priorities' at the feet of the Bush administration, there is no mistaking his larger message - that the problems which were 'exacerbated' by Bush's tax cuts and other pro-rich policies have been building since Reagan's 1981 inaugural declaration that 'government is the problem.'
Obama even made a glancing reference to that formulation in his preamble to the budget message. 'We need to put tired ideologies aside, and ask not whether our government is too big or too small, or whether it is the problem or the solution, but whether it is working for the American people,' Obama said....
Fighting For Our Homes
March 1, 2009 5:04 pm
"We were trained to mislead borrowers," says a mortgage broker in Orange County, California. "There were people who were club promoters or even drug dealers that found out it was more profitable to run a mortgage shop than to do whatever they were doing."
Rahm Emanuel Disses Leader of Republican Party
March 1, 2009 7:14 pm