The media moves from one meme to the next, never missing a beat. (4.00 / 2)

It's tragically funny

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by: NeonBlack @ Mon Mar 23, 2009 at 22:52:54 PM UTC

"Suppose Timothy Geithner announced a new program that would tax every family $10,000 dollars and give the money to Wall Street banks and hedge funds." (4.00 / 8)

http://www.prospect.org/csnc/b... -- Wall Street and the Economy

Suppose Timothy Geithner announced a new program that would tax every family $10,000 dollars and give the money to Wall Street banks and hedge funds. (Any resemblance between this hypothetical program and real world programs is purely coincidental.)

We would expect the stock of Wall Street banks and other financial sector firms to rally based on the anticipation of higher profits. Is this good for the economy? It's not in any obvious way.  ...

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by: amberglow @ Mon Mar 23, 2009 at 23:09:16 PM UTC

Democrats the winners (4.00 / 2)

Take the starting and ending Dow Jones Index for each President in the last 50 years and Clinton was the big winner followed by Kennedy/Johnson.  George W. Bush is the easy loser.

Why does Wall Street back Republicans?  Guess they are not nearly so smart as they think they are (Nobody is as smart as Wall Street thinks it is.  That includes Einstein, Mozart, Newton and any other super geniuses.)

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by: David Kowalski @ Mon Mar 23, 2009 at 23:25:56 PM UTC

And which President... (4.00 / 5)

Was most fiscally responsible? President Clinton. And which President left us in such a mess that we're now talking "The D Word"? Dumbya.

Wall Street really doesn't get it.

Yes, Virginia, there are progressives in Nevada.

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by: Andrew Davey @ Tue Mar 24, 2009 at 01:54:10 AM UTC

[ Parent ]

Even though your question is probably rhetorical (4.00 / 3)

I'll go ahead and tell you why Wall Street loves the rethugs simply so I can rant.

Wall Street loves the rethugs because they (Wall Street) value their sense of entitlement and superiority over long term gradual steady and stable gains. Those bastards are so arrogant, they can't even get out of their own way. When the Democrats are in charge, all boats get lifted. When the rethugs are in charge, only the rich get richer. At its greedy elitist core, the rethuglican model is how Wall Street really thinks things should be - get rich at "regular" peoples' expense. Keep the "little people" down so the financial Big Boys can continue to be members of country clubs that have half-million dollar joining fees, and $10,000 per month dues.

It just doesn't matter that the system they (Wall Street) are supporting is totally unsustainable and will crash in on them because it makes them feel good now. And if it does crash, they are secure in knowing the taxpayers will bale them out because the politicians in charge of "fixing" it are bought and paid for (Clean Money Elections and Instant Runoff Voting are still just a tiny blip on the map).

And that's why Wall Street backs the rethuglicans.

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by: Oaktown Girl @ Tue Mar 24, 2009 at 02:18:17 AM UTC

[ Parent ]

Limbaugh & Co. want Obama to fail (4.00 / 3)

and if they have to stick their heads in the sand to do it, by God that's what they are gonna do!

All kidding aside, they are just too busy day trading to come up with any believable snark.

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by: T Maysle @ Mon Mar 23, 2009 at 23:32:54 PM UTC

I wonder what Jom Cramer's going to say about this? n/t (0.00 / 0)

REID: Voting against us was never part of our arrangement!
SPECTER: I am altering the deal! Pray I don't alter it any further!
REID: This deal keeps getting worse all the time!

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by: lord_mike @ Tue Mar 24, 2009 at 01:53:08 AM UTC

[ Parent ]

He'll yell about something... (0.00 / 0)

No matter what he yells about, people keep watching as long as he yells and goes batsh*t crazy on live teevee.

Yes, Virginia, there are progressives in Nevada.

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by: Andrew Davey @ Tue Mar 24, 2009 at 02:05:47 AM UTC

[ Parent ]

Limbaugh's criticising the president over... (4.00 / 1)

...the Special Olympics thing?  Oh, that is rich!  Talk about pot meeting kettle!

REID: Voting against us was never part of our arrangement!
SPECTER: I am altering the deal! Pray I don't alter it any further!
REID: This deal keeps getting worse all the time!

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by: lord_mike @ Tue Mar 24, 2009 at 02:35:35 AM UTC