Tuesday, September 30, 2008

The Market As Performance Art

So, the bailout goes down in flames, the Republican pundit and talk show host talking point handout sheet directs the right wing media droids to hammer speaker Nancy Pelosi over the failure of this plan. They obediently proceed to do so in spite of the fact that the house republicans were instrumental in scuppering the plan to which the democrats had characteristically conceded . Alex Jones has been foaming at the mouth in a most entertaining way as a protest on Wall Street and over a hundred other locations on Friday goes pretty much unreported. The Standard & Poor’s 500 (SPX) index was down 8.7% and the Nasdaq composite (COMP) 9.1%. The Dow closed down 777 points (7%!). Is this God showing his opinion of our actions as Rosh Hashanah was about to begin at sunset? Happy New Year.

Read article on Alterati.com.

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