Economy
DOW up almost 900 points
...good news is not news
The market was up over 11% today...an amount by which, when it went down, all the folks in the media announced that, "over a trillion dollars of wealth was lost today...". How many saw - or expect to see - the reverse?
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Common sense at the Washington Post
...four horsemen of apocalypse spotted
I have no idea what they're smoking over at the Washington Post, but PLEASE, get them some more! (But it does seem like a sign of the end of times...)
Check out their take on the cause of the financial mess... read more »
Economics and Politics
What Barney Frank Doesn't Want You To Know
The fact is most people don't understand basic economics. The Democrat Party, supported by the liberal media, has recently been advancing the canard that the current financial crisis is the fault of the Bush Administration and Republicans. And most polls indicate that the majority of Americans have accepted this story line. But what is real and what is simply political propaganda? read more »
Stock market down
...after Senate votes for bailout
This is just too rich. Remember how we were told that the market tanked 777 points the day after the House voted "no" on the bailout this week? And how they blamed (primarily) House Republicans for killing the deal...and erasing a trillion dollars worth of wealth... (More than the bailout would have cost us, we were told).
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The REAL scandal
As I've said before, the bad thing about this financial "crisis" is that it's attracting all the media attention away from the real scandal that they don't want to cover. That being the crooks at Fannie Mae and Freddie Mac...and their buddies in the Democrat party.
Taxpayers for Truth have a new YouTube video out today which does a good job of comparing this scandal to the ones we were treated with wall-to-wall coverage of, (Enron and Tyco, etc.). Bottom line, dozens of times larger. read more »
Tell Congress "NO" on the bailout!
...back to the House
Last week, conservatives all across America flooded Congress with the demand that they oppose the bailout, and the House complied. But now the Senate has "rescued" the bailout...and the pressure is on the House again. read more »
New McCain video exposes the REAL problem
...can you say Fannie & Freddie?
Just saw this and it was too good not to pass on. McCain's folks are FINALLY working to turn this thing to their advantage by focusing on the root of the problem that got us into this mess....which brings us right back to the Democrats.
(click image below or the following link: http://www.youtube.com/watch?v=r2RZ0sUcVcE) read more »
Stock market closes UP almost 500 points
...so much for "crisis"
Well, well, well. Congress refuses to pass a massive tax-payer bailout of Wall Street and politicians and the media lose their minds... The market goes down 777 points. The media tells us this is the single worst loss in Wall Street history. But what they DIDN'T say was 777 points in 2008 ain't the same thing as twenty years ago.
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Demand REAL solutions to the "crisis"
...demand free-market solutions
Conservatives all across America flooded Congress with the demand that they say NO to the $700 billion dollar bailout.
They felt the heat and they rejected the bill. read more »
House rejects the bailout
Now time for better alternative
The House just rejected the proposed $700-plus billion dollar bailout. Let the recriminations begin. (Chris Matthews is already acting as though Republicans killed it, despite 40% opposition from the Dems).
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