Reactions to story from http://cnn.com

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  Yay Stock Market

  http://evilbeetgossip.film.com/2008/10/13/yay-stock-market/
  50 days ago in Evil Beet Gossip · Authority: 706

  The Dow is up nearly 5% in early trading this morning. NASDAQ and S&P are also up over 4%. See? The world may not end after all.
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  October 13, 2008 - Talking Points

  http://www.byrdradio.com/2008/10/13/october-13-2008-talking-...
  50 days ago in Johnnie Byrd’s Weekend · Authority: 2

  1.         Polls:  Race Close             Even Gallup, which had Obama with a double-digit lead last week, has the race close.  In registered voters, they have it down to seven, in likely voters, they have it down to four (Gallup).  Reuters/Zogby has the lead at four (Reuters).  From Hugh Hewitt:  …as the shock of market losses wears off, the American public is asking how to repair the damage, and they know from example after example that the statist model being proposed by Obama-Pelosi-Reid not only doesn’t work, it deepens all economic woes.  The Dems anti-trade stand and their addiction to non-strategic spending guarantees at best a very weak return to growth.  The massive tax hikes promised by Obama will kill any prospect of vigorous growth for the foreseeable future (Townhall).  From McCain:  “The economy has hurt us a little bit in the last week or two, but in the last few days we’ve seen it come back up because they want experience, they want knowledge and they want vision. We’ll give that to America” (AP).    2.         Barone:  Obama Camp Works to Shut Down Opposition             The story concludes:  Obama supporters who found the campuses congenial and Obama himself, who has chosen to live all his adult life in university communities, seem to find it entirely natural to suppress speech that they don’t like and seem utterly oblivious to claims that this violates the letter and spirit of the First Amendment. In this campaign, we have seen the coming of the Obama thugocracy, suppressing free speech, and we may see its flourishing in the four or eight years ahead.               NRO   3.         Democrats Expect The One to Win, Start Making Plans             The talk is spend, spend, spend.  (AP)  Meanwhile, a look at what Obama calls “tax cuts” (WSJ).    4.         Another Hollywood Anti-War Movie Bombs at Box Office             Even big names can’t bring in the crowds to see Body of Lies (USA Today).  From the LA Times:  The movie posits that our country has lost its direction in the Middle East, portraying frontline operatives as working without strategy or the necessary willingness to cooperate with foreign governments to achieve peace. “We’re waging war in a place we don’t entirely understand,” said DiCaprio, who consulted with a former head of the CIA in preparation for the role (LA Times).      5.         Mark Steyn Wins Free Speech             He was accused of spreading hatred against Muslims (Reuters).  The verdict (Steynonline).      6.         World Magazine:  Obama Community Organizer Training from Radical             From the story:  The word “radical” is much overused, but in the IAF’s case it fits. “Radical” means, “getting to the root,” and Alinsky wanted to get to the root of, and indeed uproot, America’s cultural values and political system. Thus Alinsky’s famous dedication to his book Rules for Radicals: Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: from all our legends, mythology, and history (and who is to know where mythology leaves off and history begins—or which is which), the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom—Lucifer.  (World Magazine)  Meanwhile, more ties between Obama and ACORN (GOP).    7.         Time Magazine Upset with Palin’s Talk on Abortion             They claim “Palin’s words were carefully chosen for maximum effect, without employing any outright falsehoods. Taken in isolation, however, her statements were also quite misleading, as they suggested Obama supported the death of babies after birth who had a chance of survival.”  But the story does a fairly unconvincing job arguing in Obama’s favor.               Time   8.         Castro and Russia Push for Obama Over McCain             Castro said racism will keep Americans from voting for Obama and called McCain bellicose (AP).  Russia also threw their support behind Obama (Moscow Times).  Meanwhile, vandals spray-painted the words “Republican means slavery” on the door of a local McCain headquarters (Herald Online).      9.         Stocks Expected to Rally             As of early this morning (CNN).  Foreign markets were up big (ABC News).  CBS News explains where your money went (CBS News).   Meanwhile, gas prices continue to plunge (FOX New).    10.        One in Three New Atlanta Police Officers Have Criminal Record             That’s just the records.  The story notes “more than half of the recruits admitted using marijuana.”  Why hire them?  From the story:  Officials have been trying without success for more than a decade to grow the department.  Perhaps we need a higher unemployment rate.               AJC   11.        San Francisco First Graders Taken to Gay Wedding             From the story:  In the same week that the No on 8 campaign launched an ad that labeled as “lies” claims that same-sex marriage would be taught in schools to young children, a first grade class took a school-sponsored trip to a gay wedding.               Protect Marriage  
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  Krugman Was Right

  http://hannumdrive.com/theblog/?p=577
  50 days ago in hannumdrive · Authority: 1

  Smart people are sometimes are worth listening to.   Paul Krugman, who today was honored with the Nobel Memorial Prize in Economic Sciences, is one such smart person. Krugman was critical of the bailout plan and argued for a better strategy that would infuse banks with cash in return for some equity in those institutions — this was on September 21: ….shouldn’t the public intervention also be at stage 2 — that is, shouldn’t it take the form of public injections of capital, in return for a stake in the upside? Treasury Secretary Paulson rejected this idea, on Septermber 23rd: Some said we should just stick capital in the banks, take preferred stock in the banks. That’s what you do when you have failure. This is about success. Now, after a few weeks of large-scale losses on Wall Street, guess who was right?   Recently, we’ve seen how Great Britain and many other European countries have agreed to inject billions of euros into banks in exchange for equity stakes in these battered financial entities.    And we’ve seen world economic markets react in kind with confidence. Too bad Henry Paulson didn’t figure this out three weeks ago.  But then again, what can we expect from yet another incompetent Bush appointee? For more Krugman insight, see his blog…
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  The Monday ‘BushWhack’ing

  http://thebushwhackedleague.blogspot.com/2008/10/monday-bush...
  50 days ago in The "Bush"-Whacked Administration · Authority: 3

  Over the weekend… The axis of evil is getting shorter by the day as the Bush(Whacked) Administration has taken North Korea off the terror list, something that has upset quiet a few conservatives including Sen. McCain…Gov. Palin got booed at the Philadelphia Flyers’ hockey game while dropping the ceremonial puck…The investigator appointed by the Alaska Legislative Council to examine Palin’s involvement in Troopergate released his report late Friday (throwing it out with the trash) and is shows that Palin “abused her power.” Despite that finding, the McPalin campaign released a statement reading; “Today's report shows that the Governor acted within her proper and lawful authority in the reassignment of Walt Monegan. The report also illustrates what we've known all along: this was a partisan led inquiry run by Obama supporters and the Palins were completely justified in their concern regarding Trooper Wooten given his violent and rogue behavior.” (Give me a break… first of all, it was a bi-partisan board with more republicans than Democrats. Second, it clearly says she DID abuse her power, yet the campaign somehow finds that to mean she didn’t do anything wrong. It must be so nice to live in one’s own world…)After a Georgia congressman compared the feeling at recent McPalin rallies to those of segregationist George Wallace (which he later claimed were “misinterpreted”, McCain immediately responded and said that it was a “brazen and baseless attack.” (Brazen, yes. Baseless, absolutely not… since his campaign has taken on a new strategy of ignoring the issues, each rally has been more akin to a clan rally than a political rally… and McCain’s feeble attempt to dissuade his supporters to not do it was met with hostility towards McCain himself. As I’ve said, the McPalin campaign is going down a dark road and better be prepared to accept some responsibility if the unthinkable happens) And today, TBWA will “whip” something, we just don’t know what yet…The Dow is soaring…Sen. McCain says he will “whip” Sen. Obama’s “you know what” in this week’s final debate and an aide proclaimed today as “turnaround day.” (Game on. If Obama has been holding back, now is the time to open both barrels on McCain’s pompous, senile-ridden ass. While I don’t think this election is over by a long shot and we still need to be mindful, all this rhetoric coming from the McCain camp right now is a clear sign that they’re scared)Former republican strategist Ed Rollins says McCain’s campaign is following Sen. Hillary Clinton’s campaign strategy… and by that he means “divided.” (And he’s right… and that’s good for us as we all know how well Clinton’s campaign was…)CNN Headline that screams banality; “Ohio less predictable in hard economic times.” Well, thanks for taxing your journalistic skills there, who would have ever guessed that a state that gets hit economically harder than most would be un-predictable during an economic crisis. Who exactly is CNN reporting to?And have we mentioned? That “President” Bush says there’s a “lot of work to do” before he leaves office? Yeah… why start working NOW after 8 years of doing nothing… Bush had grandiose ideas of how his presidency would end, he wanted to leave on solid economic grounds (ain’t gonna happen), he wanted a Mideast peace deal built around the outlines of Palestinian state (ain’t gonna happen), he wanted to rid North Korea of its nuclear arms (is taking them off the list actual progress or a legacy-saving maneuver?), he wanted Ito have an agreement with Iraq governing the presence of U.S. forces after December 31, but since the two sides are hung up on legal jurisdiction for U.S. troops and contractors, that ain’t gonna happen either. Bush was an abject failure in the presidency, and I am almost certain that he will go down in history as one of the worst, if not THE worst, president ever… and his lack of actually doing anything will be a testament to that…
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  Yay Stock Market

  http://evilbeetgossip.film.com/2008/10/13/yay-stock-market/
  50 days ago in Evil Beet Gossip · Authority: 223

  The Dow is up nearly 5% in early trading this morning. NASDAQ and S&P are also up over 4%. See? The world may not end after all.
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  The Office of Financial Stability?

  http://dragonflyeye.net/blog/2008/10/13/the-office-of-financ...
  50 days ago in DragonFlyEye.Net » Rochester Entertainment and Progressive Politics · Authority: 20

  The office of who in the what, now? For a party dedicated to the idea of smaller government, the Bush Administration’s penchant for developing new and highly dubiously Orwellian new government agencies must seem a bit distressing.  Personally, I’m freaked out by that Orwell sense of the world that keeps leaking out: CNNMoney.com Pre-Market Report - Oct. 13, 2008 At 8 a.m. ET, Neel Kashkari — appointed last week to oversee the $700 billion U.S. bailout program and the newly created Office of Financial Stability — will make his first public speech. Kashkari, a former executive at Goldman Sachs, is expected to offer details about how the bailout will be implemented. The Office of Financial Stability.  The Department of Homeland Security.  Seriously, this sounds like stuff out of a Tom Clancy novel about Russia.  Yet CNN just lets this slide on by without comment. Tagged With: Economy, George Bush, Orwell Related posts World of Hurt Hey, George! Don’t Let Our Problems Worry You Government Bank Buyout Looking Inevitable George Bush on Home Ownership Bush Spreads the Blame

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