The Chicago White Sox Sunday Defeat Sent Stock Market Tumbling: It Wasn’t the Debt Downgrade

By: Thursday August 11, 2011 8:20 am

Time to beat up on really really bad news reporting. The stock market doesn’t tell people why it does what it does. We have commentators who bloviate on what they think caused the market to rise or fall, but they don’t really know and they could be completely wrong.

 

Standard and Poor’s Should Not Be Able to Play Kingmaker in the 2012 Election

By: Wednesday July 27, 2011 9:28 am

No private entity should have the power to bring down a president with an arbitrary and unjustifiable wave of the hand. No company should be able to line up a nation’s assets and orchestrate a fire sale on behalf of Wall Street, and then give them a private showing about what’s in store. They should not have the right demand cuts that destroy critical social safety net programs that the public overwhelmingly supports like Social Security and Medicare, and they most certainly should not be able to crown a new king as they implement Wall Street’s shock doctrine vision for the future.

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