They’ve been itching for any bad economic news since, hmm... Late 2000 I’d say.
Before then it was sometime in 1991 I think.
It was the overly optimistic hype from the MSM that helped inflate the bubble.
Do the shills at IBD remember all the shows like "Flip This House"? Or all of the magazine articles hyping all of the new ways to purchase homes with no money down?
Do they forget all the advertising that the MSM drowned us in for years begging and pleading with us to get HELOC's so we could purchase the jet skis and Disneyworld vacations we so justly deserved?
The MSM was there for you on the runup IBD. Don't be fair weather friends and dump them on the way down.
Maybe all of the brain trust at IBD could gather their monies together, purchase one or two of these papers, and make a successful go at it.
Maybe they could do an even better job next time and keep the bubble inflating even longer before everyone realizes what happened.
They won't have to wait for long. I just saw the unemployment numbers for Oregon for last week. Weekly claims increased from 77,859 to 96,037 in one week.
http://www.employment.oregon.gov/EMPLOY/BUDGET/UI/current/102.pdf
I was watching Tommy Friedman calling for taxes to get us back up to $4 per gallon gas.
Hard to imagine a worse idea to crush the economy.