| truthful headline? from ap? wha’?
Nobody really knows what causes these relatively small movements, but the fact that new jobless claims were an ugly surprise is much more likely to be the cause than anything having to do with banks. The AP, however, does not want to mention the new jobless claims any more than they have to. (And if they have to mention them, they'll call the numbers "unexpected," as if the world were not full of people saying that the worst is yet to come). Instead they'll talk about Obama riding in on a white horse to get tough with banks. Which is apparently popular among people (like AP reporters) who don't know they'll be paying Obama's new bank taxes through their fees. |
No, it's their usual lying spin. The Dow Jones Industrial Average did not go down because Obama proposed "tougher bank rules." We know this because there are no banks — indeed, no financial institutions of any kind — in the Dow Jones Industrial Index.