it’s not as if those buying stocks or making investments in companies don’t know the truth. The reality is the more the real economic engines believe the press and democrats are misleading the masses down a dead-end path, the more those investors will pull out.

This will send markets and company performance downward, into a spiral of economic death. Why try to bake more pies, let alone be in the pie business, when the government is going to confiscate ever larger slices. The end result will be less pies for everyone, and a likely inflationary trend on the price of pie. Even your last redoubt of wealth, cash savings, will suffer under the dem plans.

To me, an odd psychological quirk, but the headlines set the tone even when out of synch with the rest of the story. The Times specializes in this, you read the text and wonder where the headline comes from.
But then media intellects know that many of their readers, if such they be, only read the headlines in the first place. The text may require thought.

The text of the speech is here. It’s an interesting read, and it’s so out of whack of the AP article that it almost has to be willful dishonest journalism rather than the normal incompetence we see.

The only way to deal with the Associated Press is for every conservative and every Republican to cancel any subscriptions they have to local newspapers. No right-of-center member of the public should be helping to fund the propaganda arm of the Democratic Party. As newspapers around the country fail, the funding available to the AP will dry up. Until these people are out of work and their institutions bankrupt, the public will not be safe from the efforts of Democratic Party activists to manage the news on behalf of their agenda.

My impression of what the Obama team is proposing is a little bit of everything just in case something works. I find them surprisingly without conviction. My fear is that just throwing money at it will not have the desired results and just leave my kids even deeper in debt.

The one thing that has worked every time it has been tried is significant tax cuts. Unfortunately, Congress has set up a tax code that make the one thing that would work politically unfeasible. I have been thinking that maybe the right thing is to go ahead with the additional TARP funds to help the banks and housing and keep the powder dry for another six months to see how things play out.

Tough politically but might show real leadership. Thoughts?

If you thought the first one was scary, you’ll be scared ****less by the Big Government version, an enveloping mass of slimey flesh that devours you alive!

My take on how the media is fostering the return of the Blob at TMR:

http://www.theminorityreportblog.com/blog_entry/streetwise/2009/01/12/the_market_report_the_attack_of_the_blob_context_killers_uodated

trying to get you to go in the Nudie bar…..and then the girls Don’t get nudie….

I’ve said before, there is nothing worse in real-life or politics than LIARS..

Team Obama is making the same mistakes as FDR did in the 30′s and more recently the Japanese in the past 10 years.

Spending a bunch of money on infrastructure or other projects will only get you nice roads and bridges. It does nothing to inspire confidence in the markets, which is what is needed to right this sinking ship. I suspect that employment will hit double digits by summer of 2009 and that GDP growth will be negative for all of 2009. You might see a positive blip in GDP by 2010, to be quickly followed by inflation not seen since Reagan took office. Should be just in time for 2010 election cycle. After that a quick drop back into recession..

I want to see AP spin that!

http://apnews.myway.com/article/20090113/D95MGFTO1.html

I will say again: I really, really dont like Tim Geithner.