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Would someone please explain the CNBC lunatic's

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:30 PM
Original message
Would someone please explain the CNBC lunatic's
comments that the market is up because Obama will extend the Bush tax cuts. WTF is going on???
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:32 PM
Response to Original message
1. The market IS up.
nt
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:32 PM
Response to Original message
2. They've been pounding that one home all day long. n/t
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:34 PM
Response to Original message
3. Financials are WAY up.
TBTF banks are having a field day thanks to the CoC. They know they're safe to continue their fraud.
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sharp_stick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:36 PM
Response to Original message
4. The market is up because of the Fed
action earlier today. CNBC and their shills however are not bound to report the truth as it is only the truth as they see it.

Every time the market dropped by 6 or 7 points early in Obama's Presidency it was a referendum on Obama, when it climbed it's way back up over 11,000 they shut up pretty damned fast.
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The Wielding Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:44 PM
Response to Reply #4
5. Ding! Ding! Ding! Ding!
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JoePhilly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:46 PM
Response to Reply #4
7. I find it AMAZING that the right claims Obama hates business ...
given that the DOW has gone from 7500, to around 11,200 or so, in under 2 years.

They are the worst liars ... and yet if you repeat the LIE often enough, the low information voter falls for it.
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:47 PM
Response to Reply #4
8. Dollar up, market down; dollar down, market up
That's been the pattern for over a year now. The buck has fallen by an astonishing 10% against the Euro in the last 6 months. That's why the Dow is over 11,000, investment in US equities is a bargain if you hold stronger foreign currency.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:54 PM
Response to Reply #4
10. Hacks will be hacks
They invent stuff.
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 02:45 PM
Response to Original message
6. Fox pays better
Edited on Thu Nov-04-10 02:45 PM by Turbineguy
(I guess) and they want to move.

Bloomberg is better. They are conservatives but they're not smarmy about it.
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GearHeadTheStalker Donating Member (12 posts) Send PM | Profile | Ignore Thu Nov-04-10 02:53 PM
Response to Original message
9. It has nothing to do with the tax cuts
It has everything to do with the newly elected RepubliKKKans protecting the fraudsters on Wall Street while the Teabaggers distract the public from these crimes with their pogroms against gays and minorities.
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lamp_shade Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 03:34 PM
Response to Original message
11. " Federal Reserve's latest effort to stimulate the struggling economy. " > >
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 03:43 PM
Response to Reply #11
12. I think you're right but why are they suggesting that
he agreed to the tax cuts for the rich. He did not.
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lamp_shade Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 03:55 PM
Response to Reply #12
13. You and I and the vast majority of DUers know that. There's a pack of
disruptors here today having some fun with the "extend tax cut" issue. Ignore them.
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