Rosarch test for the media?
It is often funny to see the media always coming up with explanations for even the tiniest changes in stock prices. Every day when the market closes the media gives a short sentence saying why the market went up or down. Now the market supposedly is going up a hundred points according to the future markets because of Obama's new "stimulus" plan?
U.S. stock futures pointed to a higher open amid speculation that President Obama will inject $300 billion into the economy to spur jobs growth. . . .UPDATE: Notice that after Obama's new Stimulus speech on Thursday, September 8th, 2011, the market crashed, but the media barely mentioned that it was a response to Obama's speech. Granted events in Greece undoubtedly played an important role, but it could have been played as Obama's speech not stemming the concern.
posted by John Lott at 1:06 PM
1 Comments:
"Speculation put forth by the media was that U.S. stock futures pointed to a higher open amid speculation that President Obama will speculatively inject $300 billion into the economy to speculatively spur jobs growth, but all of that was, of course, mere speculation. The question, to be sure, with his new $300 billion dollar gambit, is the president merely speculatively speculating as he has done so many times in the past, or has he finally gotten down to actually speculating on the prospect of spurring jobs growth? Is this real speculation on the part of the president, or merely the phony speculation that so many have come to despise and distrust?
Certainly the Republicans and Tea Party members will try to paint the president as merely engaging the same old speculative speculating for which he has come to be known, while the president’s passionate, partisan supporters, the Democrats, will make the claim that the new Obama has become serious about speculating to the point where he will be engaging in actual speculation.
However, time will tell as to whether or not this just more of the same, ultimately pointless, speculative speculation that has left such a legacy of failure that will forever stain the record of this administration, or whether this newer and more serious approach on the part of the Obama administration, constitutes actual speculation that might actually be, figuratively speaking, worth a fig."
Life under the Obama administration really has become a Monty Python sketch.
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