Posted on 08/08/2011 8:31:48 AM PDT by DCBryan1
CNBC just broke in and told the audience that the President has requested airtime and will speak to the nation at 1300hrs EST (12 noon central, 10 AM PST) on the US national debt downgrade.
Developing...
at the taxpayers expense
“Yup, the PPT is in OVERDRIVE..”
I figured they’d kick in sometime after Obama’s speech. Can’t make the Messiah LOOK BAD, can we?
NBC will be crowing about how Obama’s speech “Calmed the Markets!” tonite.
COUNT ON IT!
We live in the world of Orwellian Media Doublespeak now.
We still need a theme song for “debt man talking”....
How About Dom Kennedy’s “OTHER PEOPLE’S MONEY!”?
“We spendin’ O.P.M, Other People’s Money, and we like it!”
http://www.youtube.com/watch?v=kGp90Ds56UM
"Everything is going to be okay. I am confident. I will go to fundraisers tonight. David Axelrod and Tim Geithner have said things will get better. I am now the President. You cannot put lipstick on a pig. You must believe me. I will come on TV again in 2 days if you do not believe me."
Looks like PPT is running out of steam. DOW now down 537 points.
It is pretty obvious, isn't it?
At what point does the stock market drop before it’s consider crashed? It seems to ride like a roller coaster at any shake in the economy. So going up and down seems pretty natural in it’s history....thus my question. Is there a bottom line where it’s more than just a shaking of the markets.
"WE ARE ON THE RIGHT TRACK! GREEN SHOOTS! BALANCED APPROACH! BUSH'S FAULT!"
As big of an idiot that Biden is I don’t believe he wants to destroy this country... I think is more of the garden variety liberal - if in the perfect world Zippy were to be removed, I think Chuckles would be much easier to keep in check until we get to another election. Zippy on the other hand is hell bent to take down the “arrogant” US. At this point to even entertain the idea that every thing he is doing is because he is inept is being naive. Zippy is doing the things he is deliberately and getting more dangerous by the day. Of course we all knew this.... but to be honest - I had hoped that things could have been better kept in check but that would require republicans with some brass.
10% downturn is considered a bull market.
My guess is 25% would be a bona fide crash.
Here is your Theme Song for “Debt Man Talking”
Dom Kennedy’s “OTHER PEOPLE’S MONEY!”
“We spendin’ O.P.M., Other People’s Money, and we like it! We Love It!”
http://www.youtube.com/watch?v=kGp90Ds56UM
True that!!!
About time for some automatic end of day stuff to blow the doors off any idea that Obama had a calming effect on this market.
I agree with you. You can see how scared the Left is of the Tea Party by the way the media and the elected Left are attacking them. We need another election like the last one and then maybe we can do something. I agree that Biden is a clown but a fundamentally patriotic clown.
DOW now down 611 (6%) and NASDAQ 157 (5.95%)
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