Ogre’s Politics and Views

Have you heard the wonderful financial news today? It’s great news for everyone! After all, the US dollar is at a 13-month high! And oil has DROPPED below $90! This is great news! It has to be. After all, for the past year, the media has been hammering Bush and Co, complaining about the high price of oil and The End Of The World because of the weak dollar. Isn’t this wonderful news!

Oh, wait. That’s right, the media isn’t saying that. Keep in mind, of course, the #1 factor, shown again and again by academic studies, in financial news reporting is the political party of the president. Seriously. You can track by political party and you will find that when a Republican is in office, there is more bad financial news reported.

Oh, and the bailout? Yeah, the one that stopped The End Of The World. It looks like it didn’t work so far. Despite the fed ALREADY spending an additional $900 billion — ON TOP of the $700 billion Congress just authorized — it’s still The End Of The World. Gee, I guess all those, especially those in Congress, who claimed that this $700 billion of free cash was needed to prevent the End Of The World were just plain wrong. And, not surprisingly, I was dead right.

I wonder if Congress will get back together and just pass another $700 billion to save the world again. I’m sure it will do just as much good as this attempt. Oh, and for those watching the stock market, keep in mind — when the House REJECTED the bailout, the DOW reflected NO CHANGE 24 hours later. When the House passed the bailout, it’s not quite 24 hours later, but it’s close, and the stock market is down this time. Just factual information for when the claims are made that another bailout will “save” the stock market.

Popularity: 13% [?]

Tags: America, Freedom, Government //