When the Liars Open Their Mouths, The Market Tanks → Washingtons Blog
When the Liars Open Their Mouths, The Market Tanks - Washingtons Blog

Friday, October 10, 2008

When the Liars Open Their Mouths, The Market Tanks

I've previously argued that the economy won't improve until the liars who got us into this mess are gone.

Seems like even mainstream news sources are starting to agree:

  • The Washington Post's Dan Froomkin writes:
    "When it comes to the current financial crisis, it's become pretty clear that an appearance by President Bush doesn't calm nerves. It rubs them raw.


    The president seems checked out. His approval ratings are in the toilet. His credibility is shot. He's arguably responsible for this mess in the first place. And his presence and his words have led to more fear and panic, not less."
  • CNN is running an article with the following quote:
    "Analyst Anne Mathias with the Stanford Group said for Bush, trying to reassure Americans and the markets is problematic on several levels.

    'The first part is that he's really not very popular right now. ... The second part is that he is not very fluent in discussing these kinds of issues,' Mathias said, adding, 'it's a really dicey question because the markets are so reactive that if you say the wrong thing it's easy to make the problem much worse.'

    Mathias says the third difficulty for Bush is credibility. 'There are many who oppose him or are upset with the White House who put the blame for us being in this position at his feet,' she said. 'It's difficult to be a credible part of the solution when many people think you are part of the problem.'

  • ABC news noted that during Bush's speech today trying to convey reassurance about the economy, the Dow went down 107 points
  • Bloomberg ran an article noting:
    "Comments by Bush and members of his administration haven't calmed markets since the Senate cleared the legislation on Oct. 1. Since then, Bush has spoken publicly or issued statements about the rescue plan seven times, and the Dow Jones Industrial Average declined by 20.8 percent. Stocks sank again this morning, capping the worst week ever for the Standard & Poor's 500 Index"
Bush, Cheney, Paulson, Bernanke, Pelosi, Frank and the whole rest of them are the problem.


  1. Buy World of Kung fu Gold is the chance. I always have a bad dream when my account was theft, since I buy World of Kung fu Gold ; I had not had the bad memory. At present, I want to say thanks to the people who stole my account, if he did not to do that, I would not play game, I would not have WoKf gold . Although I have little cheap World of Kung fu Gold , I will on the way of the game for long time. At one time or another, I am a pessimistic person, but when I have World of Kung fu money , it changes my attitude of life.

  2. Do you like playing in the game which you need to use shaiya gold, when you do not have shaiya money, you must borrow cheap shaiya gold from friends, or you get shaiya online gold. If you buy shaiya gold, you can continue this game.


→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.