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George Bush has had his bluff called. The House of Representatives passed the FISA bill today which if penned into law would give the intel...
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The TSA and the Airline industry this week got into a big battle over airline safety. It would seem that a TSA inspector attempting to det...
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Senator Joe Biden (D-Delaware) has introduced an interesting bill that promises to redefine the way the government looks at drug and alcoho...
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Note: Cross posted from Softduit Media . Permalink Between now and the end of BlogWorld in mid October, we are going to run a WordPress Th...
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David Addington, one of Dick Cheney's top advisors, told the Senate that he was not the person responsible for drafting the legal memo ...
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This recession has been dubbed as possibly one of the worst in history, maybe even worse than the recession experienced during the Great Dep...
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It's still early in Michigan, regardless of the time zone you look at, and it is possible that Michigan might just yield a third Republi...
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For people have lost power in Florida today following a number of lightning and thunder storms it went to the area. The power outage is mass...
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By Ann Scott Tyson Washington Post Staff Writer Thursday, February 26, 2009; 2:12 PM Defense Secretary Robert M. Gates announced today t...
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CNN is reporting that 21 people were shot at Virginia Tech today by a lone gunman, who is also dead making 22. Separate reports are indicat...
Obama Assassination Plot Disrupted
"The ATF says it has broken up a plot to assassinate Democratic presidential candidate Barack Obama and shoot or decapitate 102 black people in a Tennessee murder spree."
http://washingtontimes.com/…srupted-1/
http://news.google.com/news/url
The Dow Dives: Bailout in Action? Who can tell?
Now, I can't remember where I read this, but apparently that bailout bill that got passed won't kick in until after the election. So, all those billions of dollars won't go anywhere until it's too late. Now we watch as the Dow, the NYSE's main guidepost, nosedives to just above 8,000. So, no, this isn't the bailout at work, it's the bailout not existing for another month. Why should the market care about what will happen in a month's time if businesses can't function now?
It seems like no matter what the USG does it just can't follow it's own rules. First, the free market is supposed to be fine on its own. Then the bailout is supposed to help save the free market. And now... ?
OK, just checked the latest and now, at closing, it's back up to 8711. That puts the Dow down nearly 6% from yesterday. Specifically, it's down 547 points.
Can you say "weeee!"?
In case you're wondering, the Dow does not represent the market as a whole. It's just a chunk of it--the most important chunk. According to Wikipedia.org's entry for the Dow Jones Industrial Average (here: http://en.wikipedia.org/…l_Average), the DJIA is an average value : "...of 30 of the largest and most widely held public companies in the United States."
In short, when it goes down, people panic. Ultimately, though, the Dow usually climbs the day after a spectacular drop. However, it's kind of like how you feel so much better after you puke. It's not that you legitimately feel good, it's just that after your previous ordeal ANYthing feels better.
Then again, these days, everything's screwy and hard to predict, so who knows?
I mean, hey, the USG said that we had to move quickly, so why is all of that bailout money sitting around doing nothing during all of this? What was all that rush and lack of public discussion for?
Oh and it looks like I had my numbers wrong above--just checked the numbers again and while it looked like the Dow had rebounded a bit, it just went ahead and dropped again, making it down to 8579--that's a percentage drop of over 7% and a point drop of almost 680.
I guess that was the last drop of a really good rollercoaster ride--just when you were thinking "Oh, that was quite a ride! There's the exit coming up--WAHHHH!!!"
It's times like this when I ask just what the hell are our leaders up to?
Barr Answers Questions Bipartisans Ducked
Bob Barr on the Bailout
Protesting the Bailout
Andy from the Andycast at andycast dot net
PhotoShop Attack Ads in the Mail
Could have been worse, it could have been an ad for acne free clear skin treatment showing Hoyle all pimpled up. |
This morning I received this funny little attack ad in the mail. At first I thought this was a piece of junk mail. Then I realized that it was supposed to look like junk mail, but it was actually a political attack ad focused on one of our local politicians, State Senator David Hoyle.
The claims against this local politician, a state senator, said he bought a bunch a land then joined government and steered some road projects rate through his land so they could sell it at a profit to a number of strip malls and other types of businesses that would like to pop up next to this new interstate area.
So they're basically Photoshop is headed on to that guy that you see on infomercials on TV late at night that walks around in a green jacket with dollar bills all over it, actually I guess those are dollar signs not actual dollar bills.
There's nothing else remarkable about this particular ad, I decided to share some of the local flavor that were seen in Gastonia, North Carolina these days as we get closer and closer to the election in November.
Image via Wikipedia
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