You know, having the news media be the tame poodles of the corporations is something akin to Lieutenant Frank Dreben in this scene.
They perk up and shamelessly tout every cockamamie, half baked bailout plan and downplay every big boom (my favorite line today is when the Dow dropped 250 pts, within 20 minutes of opening, their adjective was “flirting with losses”)!!!
So keep an eye on the raw data. The fools that are reporting the news are reporting it as their corporate masters wish it reported.
3 comments:
Fist Update: 0920 PST Dow -270
The stock market has managed to slip a bit lower
great blog--did you mean to say "having the news media be the tame poodles of (the government, the banks, something else?)" because as it stands in your post, you have a tautology. I may be missing something, of course. I often do. Whatever you meant, I agree with your sentiment. What passes for news these days is a disgrace.
Yup, good news.... Now where's my fiddle........
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