Depression-era run on a bank. Coming soon to your local lending institution?
Look folks, I’m not pooh-poohing that Jeremiah Wright said some nutty things and that Senator Obama has and will address them, but I don’t think I’m out of line saying that a guy peddling 9-11 conspiracies is several orders of magnitude less important than the Federal Reserve not knowing what the hell to do. I’m just saying. It may affect a few more people. Like the entire global economy. Or something.
The U.S. Federal Reserve is expected to slash interest rates by as much as a whole percentage point at its policy meeting on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis.
Traders expect the Fed to cut rates by a full percentage point in an effort to stop hemorrhaging in financial markets and boost the flagging economy. The Fed is expected to announce its decision around 2:15 p.m. EDT.
The Fed has cut overnight rates by 2.25 percentage points to 3 percent since mid-September as a rise in defaults on subprime mortgages has escalated into a financial crisis that this weekend claimed one of Wall Street’s most venerable firms, investment bank Bear Stearns, as a victim.
But the news is slow this month, economics is more difficult than a missing white woman to cover, and Jeremiah Wright said something really loud in a church. So…
For the election, I will take “Obama’s Crazy Black Preacher” over “Republican Great Depression 2: The Reaganing” any day of the week.
El Cid:
Notice how the TradMed still hasn’t said anything about Hagee or Rod Parsley(sp?)? Those two SOB’s have said stuff just as crazy as anything Wright has ever said. I hope Obama takes the media to task to today. Tells them to cover the important stuff like Oliver mentioned. Not whether Obama believes every last word his preacher says. I have an idea. Lets ask Catholics(isn’t Russert a Catholic?) if they agree with the Pope that he can cover up the crimes of pedophile priests. After all, they aren’t good Catholics if they don’t agree with every last word Bene says.
Calvin,
That seems to be in the text of his speech. Not a specific condemnation of anyone in the media, but a call to address actual issues instead of parsing what Wright/Ferraro said lately.
Honestly, the Wright situation doesn’t really bother me much. Most, if not all, of the people voicing their “concerns” over Barack Obama’s relationship to his pastor were going to find one reason or another not to vote for him.
I found it! I’ve been looking for this for over a year.
Sorry for the long post, but this is (was) prophetic.
Voice of Don Pardo: America, Election Day fast approaches, and with the Presidential Race still too close to call, “Saturday Night Live” would like to present “A Glimpse of our Possible Future”.
[ open on Scenario I ]
Announcer: And now a Message From the President of the United States: George W. Bush.
[ open on the Oval Office - beer cans on desk, socks hung on the lamp, a barbecue grill burning on his desk ]
Voice of Advisor: Mr. President, get out there!
President George W. Bush: [ from under his desk ] No! No, you can’t make me! You’re gonna yell at me again!
Voice of Advisor: Mr. President!
President George W. Bush: [ peeks out from under his desk ] No! I don’t want to go out, it’s too hard!
Voice of Advisor: You’re on, Sir!
President George W. Bush: Awww.. [ jumps up and takes his seat ] Hey, America! So, how we all doing out there, huh? Yeah, not so good. I broke the Hoover Dam.. we had that war thing happen. But I mean, who ever heard of a Civil War, anyway? What is that? [ grabs a pair of binoculars, unscrews the lens, then pours alcohol from it into his mouth ] I have missed you, ol’ buddy! [ pours it into his barbecue grill ] Whoo! I think we can agree, Americans, that these have been a difficult first two years of my presidency..
Voice of Advisor: You’ve been President for two weeks!
President George W. Bush: Really? Oh, man! I told you, this is hard! Okay, listen.. I’m just gonna get this Address thing over with. As we assess the State of the American Union today, we have reason to hope, because.. [ takes out a map which shows California and Florida as islands, Texas in Communist Mexico, and the Great Lakes on fire ] Holy crap! When did all this happen?! Wow.. the Great Lakes are on fire – even I know that’s not good. [ laughs ] Okay, America, we got a lot of problems. I ain’t gonna lie to you. But with the help of Vice-President Dick Cheney..
Voice of Advisor: You killed him in a hunting accident!
George W. Bush: Okay, fine! Not a problem. ‘Cause I’ve been working hard, I got a plan that’s gonna solve all of it – from the deficit, to foreign relations, to that hole in the sun. Two words, America: Ostrich Meat.
Voice of Advisor: [ disgusted ] Oh, come on! [ exits Oval Office ]
President George W. Bush: No, no, wait, wait! Hear me out. You see, everyone gets an ostrich.. and then you eat the ostrich, then you raise the ostrich.. that way, no more ostriches! We are trying to get rid of all the ostriches, right? Anyone? [ ball of fire erupts outside ] Aw, screw! That big tit building is on fire again – damn! Alright, sorry, folks.. I gotta take care of this.. [ stands up ] Come on, Blue! Here, boy! [ an ostrich ambles forward ] You all go on ahwad without me. And, in the meantime, “Live, from New York, it’s Saturday Night!”
Wish I could find the video.
If people who have lost their houses and jobs and have children fighting in Iraq
are worried about Jeremiah Wright and Obama being black, then they deserve a President McCain.