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Obama and the Stock Market
Posted by: McQ on Wednesday, November 05, 2008

No this isn't what you think. It's just a rather interesting example of how the press, even within one agency, and writing about the same story, will spin it in different directions to the point that you might not realize they're talking about the same thing.

For instance, AP writers Sara Lepro and Tim Paradis author an article on the market entitled "Stocks plunge anew as recession worries resurface" and they subtitle it "Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy".

OK. But that's so gloomy. And it sort of reflects badly on Obama. AP's Pan Pylas comes to the rescue with an article about the very same subject entitled, "World markets cash in on Obama win" and the subtitle, "World markets cash in on Obama win; focus returning to economic realities".

Much better.

Heh ... When it comes to the media, you can't have a better subject.
 
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Written By: TheDude
URL: http://
Heh heh. It sounds as if "The Obama Recession" has begun.

I cannot wait until next year, when unemployment continues to go up, the deficit hits $1 trillion in one fiscal year, and the economy continues to sputter or even nosedive.

By July 4, people will be asking, "Hey - did you vote in President Numbnuts? Because somebody did."

And we can laugh our a$$es off that the Dems and the country will be stuck with this clown for the next four years. Sort of like Jimmy Carter, but far, far worse, and far, far earlier than expected.
 
Written By: James Marsden
URL: http://
Wow.....Obama is going to reside over (turnabout is fair play!) the "worst economy since Herbert Hoover!"

Is it too soon to breakout the Obama = "miserable failure" meme? ;)
 
Written By: shark
URL: http://
I’m counting on denial and love of stability/predictability to set in and run the stock market up some over the next 1-3 months. Then I’m backing out more of a percentage of my 401(k) to an income fund.
By July 4, people will be asking, "Hey - did you vote in President Numbnuts? Because somebody did."
This is what I’m thinking. It will take 18 months to 2 years though, but you will start to find it hard to find someone who admits to voting for the Big Zero.
 
Written By: jpm100
URL: http://
There is a very real possibility that we face and it frightenes the hell out of me.

This could happen. The economy tanks for a while, blame Bush. Then there begins a natural recovery. Only after the recovery begins do the Obama taxes and regulations begin to take effect, and they are phased in. The result is higher taxes and business regulation but a mild recovery and growth.

Then Obama and the democrats are free to install every kind of social engineering and nanny state garbage they want to. Obama remains popular while he slashes the military and gives away chunks of the world to our enemies.

He and his successors stay in power for 32 years or more.
 
Written By: kyleN
URL: http://impudent.blognation.us/blog
I could be wrong, as i wasnt really into the whole politics at the time. But i don’t remember such fervor surrounding Bush once he was elected, such definitive talk about how great he will be, going as far as to wear tshirts declaring "I voted for bush" Are we allowed to truly tear these people up if Obama tanks? Even worse than those who based voting for Bush?
 
Written By: josh b
URL: http://
Well, we now know FDR kept the Great Depression Great for 7 years in a row. Let’s see if Obama can beat that . . .
 
Written By: Don
URL: http://
Is it too soon to breakout the Obama = "miserable failure" meme?
Uh, no its not. I believe the "Bush is a miserable failure" meme began about a week after his first election.
But i don’t remember such fervor surrounding Bush once he was elected,
Well you don’t remember it because it didn’t happen. The Right doesn’t have shrines with commemorative votive candles for its candidates. Nor do we buy up 10,000 copies of the local newspaper when they win. Same reason we don’t go out and overturn cars when we lose. We have to get up and go to work the next day.

This is what I’m thinking. It will take 18 months to 2 years though, but you will start to find it hard to find someone who admits to voting for the Big Zero.
You guys are dead wrong. The media will spin nothing but roses for O. All economic news will be sunshine and honey after the first few pieces of legislation pass. He’ll be President Midas. The tax hikes will be under the guise of "fixing the devastation wrought be the earth-scorching Bushies, we can no longer afford the failed ideology of the ill-willed Republicans", and other similar tripe. Look how far they ran with the "Bush lied" crap, it’s now conventional wisdom and no one in the media questions it. Seriously, they are not going to admit they’re idiots for you or the country’s sake. That would involve introspection and a sober rationale. You think the lefty blogosphere’s suddenly going to grow that?
 
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