Morning Joke is at it again.. This morning he is suggesting that President Obama is intentionally holding off fixing the banking problems so he can pass his budget and health care. He is also still calling for Sec. Geithner to be fired.
I think this does as much or more damage to the numbers on the stock market as anything else. How is the media, and much as I hate to admit it, this idiot is part of the media, talking down about the market helping?
All of them, who work in this medium, keep talking the stock market down.. telling us over and over it's bad, it's terrible. People hear this and react to it. They sell off. The market goes down. You would think, now that it is down to "historic lows" they would be telling people, hey there are bargains out there... BUY BUY .. but nope... they are still full of doom and gloom... so people are scared.. instead of these market analysts doing their job and telling people to buy, they are telling them how bad everything is.
Maybe I just don't understand how it is supposed to work, but that's sure how I thought it was supposed to be. You bought when the price was low and sold when the price was high... yeah sometimes things are bad and you have to sell off your stocks to cover an emergency, I get that... but if you are in it for the long haul as most investors are supposed to be, you leave it lay. When you buy stocks you buy low, you sell high.
Here is the video of the Joke... remember this guy is not just a joke he is a jerk. A failed congressman who left office in disgrace after cheating on his wife, with an unexplained dead woman in his office. Her name was Lori Klausutis, she was 28-years-old and the medical examiner's office showed no foul play or any outward indication of suicide. That was it. Never explained, never reported any more. Just covered up.
What we also need to remember about Scarborough is that his evening show-Scarborough Country - was Ground Zero for the Swift Boat Liars in the summer of 2004. If it hadn't been for him and his attacks from there, we might be in year 5 of a Kerry Presidency.
I watch him every morning. This is how I get to see what the GOP talking points of the day are. I think they must fax them to him early before he goes on the air. Or maybe he just reads Drudge, not sure. But he usually has them down pat. It is almost sickening, but it is there and no one stops him from it for the most part, because he just shouts them down. Unless you are really brave and shout louder than him.