Posted on 09/05/2008 1:03:10 AM PDT by rabscuttle385
Sadly, this is Investors Business Daily. They tend to have a rather (and understandably so) conservative bias.
Not one of their better pieces, to say the least.
“If with the vice presidency in mind Palin will countenance marriage by her daughter to someone who’s merely “in a relationship” but states flatly, “I don’t want kids,” how can we trust her to rationally choose a future Fed chairman, Treasury secretary or with sound mind decide whether or not we should send troops to Georgia?”
wow this guy has some serious issues
Try this one on for size; it may be more to your liking.
IBD publishes a mix of articles. Generally, the editorials written in-house tend conservative and occasionally libertarian.
Read the entire article and it's clear that the author has no proof to tie market decisions to Palin, at all. Zero. He clearly despises Palin and the headline is a lame attempt to provide objectivity to what is nothing more than a nasty little rant.
So basically ... the author is a jackass?
If we're concerned about the effect of poor decision making on markets, then what we need are criminal penalties for Fed board members who recklessly shoot their stupid mouths off with no regard for the consequences, one of which is to knock tens of thousands of dollars off my 401-K in a single day.
I think IBD writer is way off on this assessment.
palin has energized the conservative base!
Must be a liberal.
How does a small government pro business advocate result
in a down trend?
Every economic report since last week has been very bad. Also the technical chart setups were rolling over as well.
Brutal selloff on Wall Street
http://money.cnn.com/2008/09/04/markets/markets_newyork/index.htm
Dow loses 345 points as mixed retail sales reports, weak job market news and an oil price slide magnify fears about a global slowdown.
The market is looking out and trying to discount six months from now, but all the same issues are still there,” he said. “And now there’s more of a realization that global growth has slowed. That’s become a front-burner issue.”
Stocks were mixed Wednesday as falling oil prices, a sluggish economic reading from the Federal Reserve and weak sales reports from many automakers added to recession fears. Such concerns were magnified Thursday by the retail sales reports and economic news.
The stock market wont pay attention to the presidential race until late october if it pays attention to it at all.
And *THIS* gomer is one of IBD's best?
Now, I'm just a dumb ol' country boy, a blue collar schmuck with onlay a high-school diploma, but even *I* know the deal on Chairman of the Fed. The banks that make up the Fed select their *own* mouthpiece, the President (whoever that may be at the time, just rubber stamps that decision...
the infowarrior
What a jacked-up foolish assumption. No vice presidential pick has such an effect. This is garbage.
It would be the first time business actually says that taxing them is better than not.
See my #10. Sorry.
Being a time-traveler is a bummer sometimes.
It's all good.
What nonsense. McCains VP choice has nothing to do with the markets, which have been falling due mostly to rapid decline in oil prices which is effecting all markets. There is huge artificial downward pressure on commodity prices by the 'feed the poor people UN powers that be, and the drop in oil prices is causing pressure to lower the commodity market prices.
If anything, McCain/Palin is a stabilizing force, at least there is hope for a future US government that won't destroy the economy like a Democrat Obama one most certainly will.
That should be the “PALIN EFFECT” ?
What an approriate and relevant analysis!
The problem is not coming from facts and data but from analysts and commentators who interpret the facts and data!
lol
The writer is a known doom-and-gloomer.
“So basically ... the author is a jackass?”
He sure is, a stupid, malicious one at that. IOW nobody can be that stupid, he is willing to destroy the country’s economy by promoting Obama and attacking McCain/Palin.
Here is why the markets tanked Thursday.
Dow plunges after warning of ‘financial tsunami’
http://business.timesonline.co.uk/tol/business/economics/article4678523.ece
Weary investors in the United States received a further pummelling yesterday as data showed new unemployment claims at a near-five-year high last week, a leading fund manager gave warning that America faced a “financial tsunami” and key retailers released disappointing sales figures.
The data, combined with a call by the manager of the world’s biggest bond fund for the Government to inject more money into the banking system, spooked US investors already jittery about the outlook for the global economy. Bill Gross, co-chief investment officer of Pimco, said that the US was confronted by “systematic debt liquidation”. He added: “Unchecked, it can turn a campfire into a forest fire, a mild asset bear market into a destructive financial tsunami.”
Oh come on. That is so ridiculous it’s painful.
Generally, and it’s always been that a democrat government always causes a cautious, sluggish market, a Republican government a more confident one.
“For a second, I thought I was reading Daily Kos. What is this crap?”
I can’t believe that IBD published it, but it’s so.
That depends on whether GOP conservatives regain control of at least one house of Congress or find another way to counter John McCain's "liberal tendencies."
If McCain walks into The White House in January with a Democrat-controlled Congress, McCain might just be tempted to be McCain and start giving us some of that "change" we feared, in the form of amnesty for illegals, taxpayer bailouts for private corporations, and carbon cap-and-trade.
And any one of those three has the significant potential to hobble, if not destroy, the U.S. on-the-books economy.
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