A News Junky's Discoveries

...while stumbling through the trees to see the forest:

Wednesday, October 29, 2008

Fed Causes Stock Market Rally

What is behind the big rallies of the stock market?

Average traders are saying that there is no recent news to justify the stock market rally on Tuesday. The rally is probably an effect of the Fed's very recent injection of over 150 billion dollars worth of capital into companies that play the market.

Where is that bailout money going? Much of it is being used to maintain executive perks and bonuses. Some of it is being hoarded as cash. That is why the Bush administration felt compelled on Tuesday morning to threaten companies participating in the bailout to invest those funds. The banks are not investing in the real economy. So the only other place for them to put the bailout money, besides hoarding it, is into the stock market. No wonder then that there was a rally.

Monday, October 27, 2008

Sarah Palin Betrays John McCain's Cause

John McCain chose Sarah Palin as his running mate after the Democratic Party decided not to include Hillary Clinton in this race for President. Analysts believed the class resentment, feminist aspirations, and an undercurrent of racism that were stirred up by the Clinton campaign against Barack Obama during the primaries could be used by the Republicans to lure Democrats to vote for McCain. So John McCain chose Sarah Palin to continue Hillary Clinton’s work.

Sarah Palin was supposed to attract feminists and working class voters to John McCain. She was also supposed to appease abortion foes within the Republican Base. But Sarah Palin only perfected Hillary Clinton's mistakes.

Hillary Clinton lost the Democratic nomination for President because she revealed how mean and dirty she was willing to be to satisfy her ambition. Voters, especially the independent and Democratic Party's voters, had grown weary of mean and dirty campaign tactics. That was part of the 'change' voters were looking for and Barack Obama offered it. Hillary Clinton showed that she would not bring the kind of change people wanted.

Sarah Palin is revealing that she is more willing than Hillary Clinton to use mean and dirty tactics. She has gone beyond exaggeration and misrepresentation. Sarah Palin has demonstrated a willingness to repeat anything she is told even if it is obviously a lie. Accounts of her willingness to abuse her power as Governor of Alaska are being substantiated. And she is even betraying John McCain.

The latest news about Sarah Palin is that she has stopped working for the McCain Campaign. She has instead begun working for powerful Republican PACs that see McCain as a lost cause. They are using her to consolidate the Republican Party base and work it into a frenzy. She even sees herself as the post election leader of the Republican Party.

Sarah Palin has alienated feminists and working class voters who want the kind of ‘change’ Barack Obama is now expected to deliver. And she has alienated the part of the Republican Party that used to support John McCain. She has only attracted the extremists within the Republican Party. Sarah Palin is not the Republican Party’s version of Hillary Clinton.

Saturday, October 18, 2008

Economic Treason

According to this article, we are being robbed by the Bush administration and other market insiders. Apparently the bailout for investment banks is being used to 'pump & dump' the stock market so market financiers can milk common investors for everything they have.

If you thought the real estate bubble's pop has been severe, then you are going to die of fear when you understand how overblown the financial market has gotten. The derivatives market, which allows investors to place bets on future market performance, has ballooned to more than the gross domestic product of the entire world! Well over 100 trillion dollars worth of paper wealth is at risk. There is no way to save it without enslaving taxpayers the world over for a very long time.