Tuesday, December 02, 2008

The Dow drops 680 points on definite word...

reaching Wall Street that the US economy had been in recession for a year now. Maybe this is too much snarkage but is Wall Street the last stop on the Pony Express or something?
Recession has been all around us in word and deed for well over a year and only now does Wall Street find out???
Billions of dollars spent on news feeds, the internet, Lou Freakin' Dobbs, MSNBC and all the rest and Wall Street takes a full year to figure out there is a recession going on outside that big plate glass window.
Good lord and we are bailing these yaps out to the tune of 700 billion USD....appalling.
These people are hopeless, they strut around like Olympians when times are good and turn whining coward at the first contrary puff of wind. Ultimately that is my real problem with the business class in the USA they hopelessly unheroic and blind to their own revolting hypocrisy.
And thanks to the Randian hallucinations of Phil Gramm and Alan Greenspan the rest of us, have to pick up the rubble from the apocalypse they have made.
Lovely...thanks guys, stalwart patriots all.

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