Before the Dow dropped its first forty points today the CNBC anchors were ALL OVER President Barack Obama.
He MUST clarify his bailout plans.
He MUST either nationalize or not nationalize.
Even WARREN BUFFET says so.
I have never seen anything like it.
Financial institutions have a sudden lust for presidential leadership.
Then for maxumum laughs...
Obama MUST "HELP" the Stock Market.
Wow. I got this in thirty seconds. Same thing on MSNBC. So I figured I would go to the only other viable mainstream cable economics channel, Bloomberg, to see what the most sleep inducing individuals on the planet were saying ( Bloomberg has, as a rule, been kind to Obama.)
No hype, no headlines, just the usual chatter and ticker.
Serves me right for watching Opening Bell.
But DAMN! MSNBC is now quoting Cramer to explain what's happening in the world of economics.
People are FREAKING OUT.
I am curious what the mild mannered Obama will have to say in response.
Shoot, even if we enter a Depression on Obama's watch in his first hundred days, it's still nothing compared to "ahem" being lied into war.