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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (417901)9/18/2008 12:33:17 PM
From: longnshort  Respond to of 1576992
 
Riding the tide

"The McCain convention bump seems to be subsiding, and the tracking polls suggest the national race is back almost dead even," Richard Baehr writes in the American Thinker.

"Part of the recent movement may well be attributable to the financial crisis gripping Wall Street, and the fact that for not the first time, a sensible McCain statement on the economy is being distorted by Obama and his many media flacks as evidence that the Arizona senator is out of touch," Mr. Baehr said.

"The fundamentals of the U.S. economy are strong, as McCain argued: 94 percent of workers are employed, inflation last month was 0.1 percent (the big drop in oil prices of over $55 a barrel helps, saving consumers between $20 and $30 billion each month), and GDP grew by over 3 percent last quarter. When Franklin Roosevelt took office and said the only thing we have to fear is fear itself, he was applauded for his statesmanship and leadership.

"A leader in a time of crisis tries to settle the ship and restore confidence. That is what John McCain is doing, but he gets no points for it. You are supposed to walk among the unemployed, and show that you share their pain, and charge that their problems are caused by George Bush, or this year, Bush-McCain. That is what Barack Obama does, and for this, he gets the attention and approval of the punditry hacks or giants (pick one) like Joe Klein and Frank Rich.


"In terms of political momentum, when the topic being debated is national security or social issues and values, McCain benefits. When the topic is a souring economy or financial crisis, Obama wins. So this week, it is Obama's week to ride with the tide."



To: tejek who wrote (417901)9/18/2008 12:59:53 PM
From: michael97123  Read Replies (2) | Respond to of 1576992
 
ms heading for single digits



To: tejek who wrote (417901)9/18/2008 1:03:31 PM
From: michael97123  Respond to of 1576992
 
NEW Real-time: 89.25 25.25 (22.05%) 1:02pm goldman real time



To: tejek who wrote (417901)9/18/2008 1:04:58 PM
From: michael97123  Read Replies (1) | Respond to of 1576992
 
ms and gs will be both gone by end of week. MS probably today. China will end up owning both wachovia and morgan stanley at these prices. Hopefully they can get $20 for MS.



To: tejek who wrote (417901)9/18/2008 1:05:51 PM
From: michael97123  Respond to of 1576992
 
dow10,470.52 -139.14 -1.31%

Nasdaq 2,070.59 -28.26 -1.35%

S&P 500 1,135.50 -20.89 -1.81%

10 Yr Bond(%) 3.41% -0.00


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