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JohnWxy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 05:12 PM
Original message
Dow up 379
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billybob537 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 05:14 PM
Response to Original message
1. What! where are all the
lyin scumbag republics blaming this on OBAMA???
:sarcasm:
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 05:20 PM
Response to Reply #1
2. "The Obama Recovery!"
No?

:shrug:
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endersdragon34 Donating Member (325 posts) Send PM | Profile | Ignore Fri Mar-13-09 05:42 PM
Response to Reply #2
4. If the economy recovers now
Can we cancel some of the Stimulous package? Its not like the Stimulous package is doing any of this... so how about it?
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A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 06:24 PM
Response to Reply #4
5. Out of curiosity....
are you being facetious, or serious?

BTW, welcome to DU
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endersdragon34 Donating Member (325 posts) Send PM | Profile | Ignore Fri Mar-13-09 11:01 PM
Response to Reply #5
6. A bit of both
While Obama could take credit for this economic recovery, it would be seriously hard to do so, and even harder to justify a trillion dollar+ deficit next year if the economy is growing. While it will obviously help the Democrats come '10 elections, come '12 if we don't get the deficit down to a reasonable level it could come back to kill Obama. But then again I am assuming you are hoping for a good economy.
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JohnWxy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 05:16 PM
Response to Reply #1
3. I infer from your tone that you are a member of the group you are referring to.
(The tone of your message says more about your affiliation than your explicit message). Therefor have no reason to doubt the accuracy of your characterizations of Republicans. And while I must commend you and thank you for your candor and honesty, I must advise you that your admission does not come as a "news Flash" to most people.

Other good sources are The Republican Noise Machine by David Brock a former print political assassin of the Right, who knows where-of he speaks. (all emphases are my own_JW)


David Brock, the reformed conservative noise-maker, on how the Right has sabotaged journalism, democracy, and truth.
—By Bradford Plumer

As a young journalist in the 1990s, David Brock was a key cog the Republican noise machine. Writing for the American Spectator, a conservative magazine funded by billionaire Richard Mellon Scaife, Brock gained fame for his attack pieces on Anita Hill and President Bill Clinton. Then, in 2002, Brock came clean. In his memoir, Blinded by the Right, Brock admitted that his work was based on lies and distortion, and part of a coordinated smear campaign funded by wealthy right wing groups to discredit Clinton and confuse the public.

Since then, Brock has continued to expose the conservative media onslaught. In his newest book, The Republican Noise Machine, Brock documents how right-wing groups pressure the media and spread misinformation to the public. It's easy to see how this is done.

Fringe conspiracies and stories will be kept alive by outlets like Rush Limbaugh, the Washington Times, and the Drudge Report, until they finally break into the mainstream media. Well-funded think tanks like the Heritage Foundation overwhelm news reporters with distorted statistics and conservative spin. Mainstream cable news channels employ staunchly right wing pundits -- like Pat Buchanan and Sean Hannity -- to twist facts and echo Republican talking points, all under the rubric of "balance." Meanwhile, media groups like Brent Bozell's Media Research Center have spent 30 years convincing the public that the media is, in fact, liberal. As Brock says, it's all a sham: "I have seen, and I know firsthand, indeed from my own pen, how the organized Right has sabotaged not only journalism but also democracy and truth."


And more recently, from Newsweek: (all emphases are my own_JW)
Poof Goes the Purple Dream

Say sayonara to "kumbaya." Bipartisanship is all but dead in Washington. President Obama cut a deal to win passage of his necessary—if not sufficient—stimulus bill with the last three moderate Republicans in Congress.
~~
~~
After the economy tanked last fall, every sentient economist, including the top economic advisers to Ronald Reagan and John McCain, knew that we needed a large stimulus to avoid a depression. It looked like the new president would get at least a handful of GOP members of the House and as many as 20 Senate Republicans.

Then, before even listening to Obama's pitch, House Minority Leader John Boehner sent out the word: no. Even after the president readily agreed to take out controversial "cable bait," such as money for contraceptives and seeding the grass on the Mall, the Republicans shifted to new bogus arguments and examples of tiny programs that weren't pork but could be made to look that way.

Republicans made up a story that they had no chance to voice their views (the bills were, in fact, marked up in public sessions) and claimed that tax cuts are a better stimulus than government spending, which is demonstrably false (2/3rds to 3/4ths of Bush's tax cuts last year were either saved or used to pay down debt by sensible people hunkering down for more bad times_JW). When the deal was finally cut, the new GOP chairman, Michael Steele, put out a press release that perfectly captured his party's vacuous argument. His lead example of what was wrong with the bill was that it contained $200 million for AmeriCorps. As it happens, AmeriCorps is an almost perfect vehicle for stimulus because it's set up to create jobs instantaneously.




.. and then there is: Stimulus Package Unleashes Onslaught of Republican Lies

... and: http://mediamatters.org/items/200901280027?f=h_top">Myths and falsehoods surrounding the economic recovery plan


.. and regarding the media: GOP Lawmakers Outnumber Democratic Lawmakers 2 To 1 In Stimulus Debate On Cable News (Updated)

..and: http://mediamatters.org/sundayshowreport">If It's Sunday, It's Still Conservative Special Report: How the Right Continues to Dominate the Sunday Talk Shows

Last Sunday's Meet the PRess had Newt Gingrich on without any Democratic party representative to respond to Gingrich's partisan pitch - incredible (Chuck Schumer and Lindsey Graham squared off in the first half of the show, but Gingrich enjoyed the last half (without anyone from the Democratic side) with three news reporters.







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TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-15-09 09:44 PM
Response to Original message
7. A completely Manufactured, Artificial Rally Based on Well-Crafted Propaganda
Edited on Sun Mar-15-09 10:17 PM by TheWatcher
And a conveniently "leaked" memo from the CEO of Citi, claiming they were profitable on the first two months of this quarter, with absolutely NO tangible evidence of it being true.

And now the rest of the Banks, including BAC, which was on the bring of failure just the day before, GM, and GE all trot out smiling, parroting the same Propaganda from the Citi Memo, again with no tangible evidence, adding that things are going SO well that they no longer need help from the Government.

Yes, the Economic Criss was solved in a mere 72 hours, and all it took was a bunch of "Hopes", "Assurances" and Well Crafted Propaganda.

What's even sadder is the amount of people who are actually buying into this and the absurd Media blitz behind it, taking at face value naked Propaganda from the very mouthpieces that lied to, and deceived the public all throughout this Fake, Artificial Bubble Economy from the past six years.

The Great Con continues, and it appears that far too many Americans still love to be conned.

it's more important to feel good than face reality.

This isn't a "recovery" or even the beginning of one.
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Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-15-09 09:59 PM
Response to Reply #7
8. Those with newly formed smarts,
that rode the train to the last bottom (cuz they weren't smart then) hopefully bailed on the uptick......but I doubt it. The bottom of the next grade is 25% or more closer to sea level. The only true resistance point to this market is ZERO. U can bet that if reached, it will hold.

Watcher has nailed it! The other "rumor" that stirred the pot was the possible removal of "mark-to-market" accounting. If a bond sells for shit, then it's worth exactly that. Shelving M to M just keeps the "Bezzzle" going a little longer...YMMV
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TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-15-09 10:15 PM
Response to Reply #8
9. Exactly.
This entire thing is just more Smoke and Mirrors from the same Jackals that brought you the Crisis to begin with, and now want to be our "Saviors", with their "Solutions."
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