McCain's stock plummets
Tuesday October 7, 2008
Categories: Economics, Republicans
Where the Dow Jones average stood on this day in 2007: 14,066 (it was a Sunday; that was the previous Friday's close) Where it stood today: 9,447 Down 4,619 points in one year. Boy, wouldn't you hate to be a...
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About Crunchy Con
Rod Dreher is an editorial columnist for the Dallas Morning News, and author of "Crunchy Cons" (Crown Forum), a nonfiction book about conservatives, most of them religious, whose faith and political convictions sometimes put them at odds with mainstream conservatives. The views expressed in this blog are his own.
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Of course you also had a Democratic congress for this period :-)
Of course you also had a Democratic congress for this period.
Yeah. After having a Republican congress for the previous 12 years. If you think the Democrats could do this much to the economy in one year vs. the previous 12 years under Republican control, I've got oceanfront land in Kansas to sell you.
A few more 500 point down days and there will be plenty of takers for Rod's Benedict Option.
McCain is sunk, at this point. Every new day brings a new round of bad economic news, which might as well by a paid advertisement from "Republicans Couldn't Govern Their Way Out of a Wet Paper Bag PAC"
McCain has supported regulating Freddie and Fannie while Obama and the other Democrats did nothing.
McCain is sunk only if there are no major terrorist attacks, especially on US soil, between now and the election. Don't be surprised if there is an "October Surprise".
Larry,
So, if that happens, we can add "can't protect country from terrorist attack" to GWB's long list of failures.
How is that supposed to help McCain again?
How is that supposed to help McCain again?
I suspect that most voters would think McCain more able to protect the country. Whether their thinking is accurate or not is another question, but when defense and physical security issues dominate the discussion, Republicans generally win. If an attack does occur, expect lots of screaming from the left about it being a put up operation, even possibly a false flag operation.
14,066 represented a house of cards, built on lies, smoke and mirrors. Trillions of dollars of money has disappeared--money that was never really there in the first place. 9447 represents, I hope, truth...and maybe even some bargains in the stock market. You can't build a robust economy long term if you don't actually create/manufacture much. An economy built on playing with financial abstractions is destined not to be robust. The fundamentals remain the fundamentals.
Rod, Rod, it’s not over until the last Rapture has ruptured.
If Ronald Reagan rose from his grave and murmured, 'John. John' ….like in that scene in 'Citizen Kane' when the voice mumbles, 'Rosebud. Rosebud',…this thing could turn around.
Keep the Faith knowing that no matter what you're seeing on CNN or hearing on Katie Couric's Assault Triffle / Top-Loaded Spin Cycle:
Take This To Your Bank. (Not WaMu or Wachovia...call ahead)
Betcha Birkenstocks that Sarah's gonna deliver 'Joe Six Pack''
Doggoneit!
Yeah, and Phil Gramm made nearly a million dollars lobbying against preditory lending and other mortgage reform. Plus, there is that securities deregulation that led to the mortgage backed securities, credit default swaps, and other financial instruments that are also part of bringing the finanacial industry down. This is a bipartisian mess.
Try to argue this: The Dow and the world markets are down in light of the fact that Obama is ahead in the polls. That means Wall Street is scared to death of the effects of an Obama administration.
Stated another way, the conventional wisdom has causation backwards. Obama is not up because the markets are down. The markets are down because Obama is up.
Okay, nevermind...
Okay, nevermind...
>>>>>>>>>>
Whew! So glad you recovered from that, Kirk.
And as an anti-war pro-human rights citizen, if he claims "success" in Iraq 'cos the embattled populace finally embraced a mimimum in election legislation,
http://www.firstthings.com/blog/2008/10/07/christians-lead-peaceful-protest-in-baghdad/
I hope one of the members of audience calls him on it: What's the price your willing to pay for this "premium" on Iraqi freedoms - is the annihalation of basic human rights of an ancient Christian population and the establishment of Shari'a the new "American way"?
And as an anti-war pro-human rights citizen, if he claims "success" in Iraq 'cos the embattled populace finally embraced a mimimum in election legislation,
www.firstthings.com/blog/2008/10/07/christians-lead-peaceful-protest-in-baghdad/
I hope one of the members of audience calls him on it: What's the price your willing to pay for this "premium" on Iraqi freedoms - is the annihalation of basic human rights of an ancient Christian population and the establishment of Shari'a the new "American way"?
9447 represents, I hope, truth...and maybe even some bargains in the stock market.
Turn the nine over and get back to me.
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