argus

Today’s lesson: economics.

Let’s see .. current unemployment figures would be described as “low” — if there was a Democrat in the White House. We have record home ownership. Minority incomes are rising faster than the incomes of evil white folks. Home ownership is at a record high. More Americans are working right now than at any time in the entire history of our country, and now we read that the DOW is at a 3 1/2 year high. Why? Because American businesses are reporting better-then-expected earnings. The DOW closed yesterday at 10,737.70 … the highest close since before 9/11. In spite of all of this you will still see talking heads on television talking about how bad the American economy is. I even heard the word “dismal” yesterday.

Curse that Dubya!! Down with Bushitler! The economy’s in the tank! No blood for oil! Save ANWR!! Etc. etc. , ad infinitum and without any basis in reality. The “Right” doesn’t need to do a single thing to marginalize the “Left” — through continually denying and ignoring reality, the Left is marginalizing itself. Good riddance.

In related news, Larry Kudlow writes about the President’s domestic visions for next year.

Question: What does the stock market know that the mainstream media do not? Answer: almost everything.

This entry was posted on Wednesday, December 22nd, 2004 at 10:15:22 am and is filed under News, Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.