CNBC and WSJ Won't Get This But The DOW Is Down Due To Job Report, Not Obama's Health Plan!

[Median Democrat]

We now know the drill. Everytime the DOW drops in response to an economic indicator such as declining GDP or employment (often occurring in 2008), a talking head will blame it on Obama and say that the "DOW is voting against Obama." Well, this is the kind of mis-information and lies we are dealing with on a massive scale.

Journalism is dead. All we are left with are spinmeisters who try to obscure rather than inform.

[slackmaster]

1. It's actually down because people are selling stocks

For a wide variety of reasons.

[Median Democrat]

3. True, But Those Reasons Tend To Be Tied To The Economy

Yes, there are probably a few right wing nuts who actually sell their stocks in order to spite the President, but I tend to think that the majority of investors rely on objective economic data, and the objective economic data is generally bad.

[TahitiNut]

5. One of the best reasons to sell a stock is lack of respect for the company management.

After all ... they SUCK.


I've NEVER heard of anyone selling because they didn't think the laborers were qualified. The most common reason I've heard of has to do with confidence in the management. Funny how CNBC doesn't seem to have caught on.

[polichick]

2. They're fighting to maintain the status quo - it's bound to get ugly.

[Rosa Luxemburg]

7. yes they have hardly had it so bad

[Andy823]

4. I wonder

What will happen when a lot of the seasonal workers go back to work in the next month or so? Now in Washington state winter is still trying to hang on, but it won't be long before a lot of workers now drawing unemployment will be going back to work in construction, agriculture, tourism jobs, work in the hotel and motels, etc. My sister works at a resort that has 7 seasonal employees. There are numerous other resorts that will open up in April, that's when fishing season opens, as well as state parks that hire seasonal workers. The forest service has seasonal workers, come late June or July, cherry harvest will start, and that works on into other soft fruits and then into pears and apples. These seasonal workers account for a lot of jobs, and it will take a lot of people off the unemployment rolls along with the new jobs the stimulus plan will create. And don't forget that the census will put a lot of people to work this year, I already see ads trying to get people to sign up to work for the census.

So when the numbers start getting better, and unemployment drops, or at least stays even, will the talking heads give credit to Obama for that? When the stocks go up will the say it was because Obama knew what he was doing? No matter what the media is going to paint Obama in a bad light simply because they are owned by the right wing corporations that want Obama to "fail"! Things will get better, and the people will see through the BS, at least most of them will, and then we will see what the media goes after him for!

[Median Democrat]

6. The Media Just Sucks - It Is All Spin With Few Exceptions

Where is the reporting? Where is the reasoned analysis. Instead, we have Morning Joe? CNBC? Mad Money? Its like I feel the intelligence being sucked out of my eyeballs as I watch.

[thoughtcrime1984]

8. It's down because the rich have sucked most of the life out of the masses. Less consumers to

buy their products. Greed killed the golden goose. Only heavier regulation, higher taxes on the wealthy, and more money finding its' way into the middle and lower classes' pockets can potentially stem the tide. Not a difficult concept to grasp, but greed is blinding, apparently.