Remember that grumpy Leonid Brezhnev cookie we showed everybody over the weekend? You know, the one symbolizing our “Suddenly Soviet” approach to the economy?
I.e. this cookie?
Well, the Brezhnev cookie crumbled today on Wall Street as the pessimists beat the optimists – causing the Dow to drop nearly 200 points.
Alright, alright … that’s not exactly crumbling, but stocks did dip back into the “red” for 2009 today (get it?), prompting many to speculate on when we should expect to see that blissful, government-funded “morning in Amerika” that U.S. General Secretary Barack Obama keeps promising us.
From CNN Money:
Wall Street has been steadily rising for three months on bets that the pace of the recession is waning, with the S&P 500 up 40% during that period. But a lack of new evidence to support the rally has left stocks rangebound over the last few weeks.
Ruh-roh, people.
And just when you thought the government couldn’t possibly intervene any more than it already has …
By Liberty for me June 15, 2009 at 5:40 pm
Duh da Duh….I just know if we print up another trillion and then give it to somebody so we can take over a business that will loose 20% a year..the economy will be Fantastic!Or maybe if we spent a trillion on public schools,less than 25% of the student body wont have criminal records by 19…NAH,that would just promote the socialist agenda,what was I thinking.