September 16, 2008
'Fundamentals are strong'
As if to prove that Barack Obama was hitting the nail on the head when he said, "John McCain doesn't get it," John, running mate of Tina Fey's look-a-like, said, after the financial collapse Sunday, "The fundamentals remain strong." Keith Olberman and Chris Matthews were quick to point out that the very same words were spoken by President Hoover.
John McCain, student of Phil Gramm and Alan Greenspan, described himself before Sunday as a "deregulator," but yesterday he shouted that he and Tina won't let this happen to the American people again. What exactly is he going to protect us from? I expected him to declare war on Wall Street. (You know, maybe the surge will work in NY just like it did in Baghdad.)
Meanwhile, Bush remains president and he exudes defeat and despair. Wall Street picked up on the mood and the market damned near killed 401(k) investments. OK, a little adjustment, but a 4.4 percent drop? C'mon you know-it-alls, do something! HP did something--laid off 27,000 employees. Robert Reich points out that 600,000 jobs have been lost and the most disturbing thing is that the administration has no plan.
SNL to the rescue. Humor pulled Obama out of his tailspin. He was flummoxed by the choice of Palin but Tina Fey saved the day. SNL, with humor, exposed the governor of Alaska. Her 15 minutes of fame is now in perspective. Put her in charge of Wall Street? Climate change? Housing? FEMA? Paaaallleeeze. Thank you SNL.
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