March 31, 2009
I don't really need to say this, but I will. The media are a bunch of morons. In their reporting about yesterday's drop in the Dow, they managed to blame it on everything except what actually caused it. The truth of the matter is that the Dow fell because of the actions of the Failed Obama Administration in forcing out the CEO of GM. Whether the guy needed to go or not is irrelevant. The fact is the government forced a business to change management. Investors are scared that they could do this to any company, so they start dumping stock. It's that simple.
The media can't bring itself to say this. If they did, it would be critical of their idol, and they can't have that. I suspect that their secondary motivation is to suck up to the gummint to protect any future media bailouts. It's all about dollars and cents.
Ironically, it is their dishonest reporting that is making times so hard for them. The more they lie, the more their credibility is called into question. When people don't believe them, their circulation/ratings fall. As those numbers fall, their revenue falls. As their revenue falls, they have to resort to sucking up to the gummint. They ramp up their dishonest reporting and the cycle repeats.
Gosh, I wish there was a way to break the cycle. On a whim, they might try reporting the truth. You never know how that will work out.
"Truth? You want the truth? You can't...." yadda yadda yadda
Wasn't it Hollywood who gave us THAT gem?
ps, glad it wasn't only me who read that HR 875 section!
Posted by: Chris at March 31, 2009 06:35 AM (t1iPt)
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