Faux News Spin Balance
In typical fashion, Faux News in an effort to break unity, paints Obama and Huckabee up as candidates against the status quo of their party’s versus the status quo at-large, and takes it another step further by labeling them as anti-establishment. Although I would argue against the idea that Huckabee represents change. No doubt Faux would have preferred a status quo victory to begin the 2008 campaign theme with McCain and Clinton.
On MSNBC, political hack-job Chris "the rat" Matthews exclaims "Barack Hussein Obama" with a smirk.
Bush Out Of The Loop Again Excerpt:
President George W. Bush told a news conference that he did not know of the existence or destruction of the tapes until he was briefed on Dec. 6 by CIA Director Michael Hayden. Bush seemed to have no concern that he had been kept in the dark about such consequential matters. – Helen Thomas, telling it like it is.
Fed Setting the Stage To Depreciate Currency Further
Does the Fed plan to induce inflation by lowering interest rates to keep artificially high home prices from falling? On Monday, when news hit the streets that another rate cut was likely, gold (and oil) skyrocketed. The last time the Fed acted on interest rates, the stock market plummeted primarily because the rate cut confirmed suspicions of the deteriorating condition of the economy, contrary to popular opinion that the quarter point wasn't enough. If Wall Street merely thought the Fed didn't do enough with a quarter point drop, why would the profit-takers go as far as to punish themselves with heavy losses across the board. Further rate cuts from this point are nothing more than red herrings.
Later, if the market continues to falter, it might respond in a positive way to a rate cut next time due to the "opposite effect" effect, but don't look for more than a short-term bounce. In reality though, interest rate cuts are merely short-term patches, sort of putting an antiseptic cream on an injury that requires amputation.
Also, Bush is set to announce an economic stimulus plan for his strong economy in the upcoming state of the union speech. Knowing his track record, he most likely will ask for more tax cuts.
Another Bush Idea That Back-Fired
Bhutto was encouraged to return to Pakistan and supported by the Bush Administration.
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