great depression
JESUS FUCKING CHRIST: Dow drops 300 … 400 … 450 … 500. Closes down 5.1%, 508 points, under 9,450. S&P drops under 1,000 to 996, lowest since 2003. Five straight days of this shit. How much longer? Two years? Ten years? [Marketwatch]
When the markets tank, editors need a photograph to illustrate the terrible loss of value in equities most people either don’t own and don’t understand. The obvious photograph — poor people eating trash in the alley because they have no food and no home — is never used, because it would seem racist. Instead, the [...]
Happy Monday, America! Wall Street is doing great, so far, this morning. The Dow Jones index is down 400 500 points at the moment, bringing the DJIA below 10,000 for the first time since … well, let’s check the chart. October 22, 2004 — right about the time everybody figured George W. Bush would somehow [...]
AND EVERYONE’S HAPPY: “President George W. Bush signed the biggest government intervention in the financial markets since the Great Depression after U.S. House of Representatives lawmakers wary of growing signs of the nation’s economic distress voted Friday in favor of a $700 billion Wall Street rescue package. Mr. Bush welcomed the passage of a rescue [...]
Now that the economy has been saved, by the government, we can all get back to the business of America, which is “waiting for handouts from John McCain.” Remember how much John McCain hates earmarks and how when he pretends to be president he’s always vetoing any bills with earmarks? Heh heh, he was just [...]
Oh boo hoo, yet another broke operation wants billions from Henry “Dollar Bill” Paulson: the state of California!
If you’re at work today — and screwing around on the Internet, as usual — then good for you! This means you aren’t one of the 159,000 people who lost their jobs last month. The number is “unexpectedly large,” and the monthly job-loss rate is the biggest seen for FIVE AND A HALF YEARS, which [...]
Hey, you half-million people seeking unemployment checks last month: Did you not hear that Congress and Hank Paulson are going to Save the Economy? And what about you Wall Street analysts finally admitting, today, that the United States is in a terrible recession? Did you forget that John McCain believes the fundamentals are strong?
NPR is running this terrible phone interview with John McCain this morning. As the nutty old man says a lot of obnoxious nonsense punctuated by his hideous “heh heh” chuckles, you may be tempted to just turn off the radio and crash the car, for the sake of dignity. But go ahead and listen as [...]
You thought we were “joking” when we said invest in canned goods. Also, we never make jokes — who do you people think we are, John McCain? And then Campbell’s shares started to soar, and then the market collapsed in the biggest pool of blood since 1987, and guess who was left standing? Bloomberg reports: [...]
Well, shit. Fun while it lasted, right? For us, anyways — the elites who had the MacBooks and iPhones and flat-screen teevees and cars and hot water and, uh, food. Pretty much sucked for the other 5 billion, but whatever, it’s all academic now. Ha, not really, because there will be no more academics. Just [...]
There are no more nights in politics or business — only the endless horrible grind of collapse and fuckery, 24 hours a day, including this newest chapter in our latest, greatest depression: Washington Mutual has collapsed, and was closed by the Federal Government late Thursday night. It’s the biggest bank failure in U.S. history. And [...]
Here’s some hilarious video from outside a McCain campaign stop in Ohio, where some older people chant “Keating Five,” which was the great group of corrupt senators (including John McCain) who caused the last collapse of American finance, in the late ’80s. This teevee reporter has no idea what they’re talking about, of course. [Blogger [...]
