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Politics : Ask Michael Burke

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To: re3 who wrote (108665)8/10/2007 4:40:46 PM
From: Knighty Tin  Read Replies (4) of 132070
 
The Plunge Protection Team pulled out all the stops today. The Fed added liquidity, while Abby Jo Cohen, herself, appeared with Maria Barsahoppin on CNBS. The two ladies agreed that the economy was in fabulous condition and that the downturns in stock prices were ridiculous panic. So, we have a spokesperson for one of this nation's ruling companies and a tout for a tv station that will kiss any establishment butt they see agreeing that what the great unwashed see is not real. I am soooooooo relieved. BTW, the concept of stock valuation being ridiculously high and the stats showing growth being phony as a $2 hooker's gold tooth, never aired during the interview.

And all they could get was down 30+ on the Dow? We are in deep doo-doo.
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