Can anyone remember the 2000 election when George W. Bush was chastised by the Democratic candidates for not being positive about the economy?
The economic outlook of the dotcom bust was far worse than the economic outlook today. Bush was chastised simply for not rah-rahing the economy.
In the 2008 election, the Democrats are actually telling people to panic. We've had a solid 5 months of the MSM telling us to prepare for and fear economic recession. the short interest and FTDs have shot through the ceiling. We are now being instructed to panic.
Does anyone out there understand why the Democrats make me sick to the stomache?
If the Democratic Party had even a half millimeter thick layer of integrity. They would be lauding the US (and possibily global) slowdown for the fact that this re-alignment in the economy is reducing greenhouse gas emissions.
Greenhouse gasses that lead to global warming.
We have to have multiple parties for our system of government to work. The central core of the Democratic Party is so thoroughly disgusting that I am at a loss for words.
The painfully obvious reason for the difference between 2000 and 2008 is that in 2000 the sitting president was a Democrat and they wanted up to be sure that we knew that he had placed us in economic paradise. In 2008 the sitting president is a Republican and they want us make no mistake that he is the sole cause of our economic woes because it's always been true that "it's the economy, stupid."
I am afraid that the real message is that us scared little people who fear the weather, our money and health need a ruling class to look after us.
BTW, since a great deal of the low price on the DJI is the direct result of shorting, we might actually see a healthy bump in the market before Congress and get its stimulus package in place.
As stupid as telling people to panic, at least they can spell.
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