In the News: 13th-14th October, 2008

CT

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Dow jumps 936 as governments pledge bank aid

By Tim Paradis, AP Business Writer,NEW YORK (AP- Wall Street stormed back from last week's devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments' plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent.

The market was expected to rebound after eight days of precipitous losses that took the Dow down nearly 2,400 points, but few expected this kind of advance, which saw the Dow by far outstrip its previous record one-day point gain, 499.19, set during the waning days of the dot-com boom. The Standard & Poor's 500 index also set a record for a one-day point gains. Read more...

Seems our banks are reveling in a socialist run on the finance system. Although some of this is needed, the end result of government intermingling with finance is probably here to stay.
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Bush, Berlusconi vow cooperation on crisis

AP, via Breibart.com-Italian Prime Minister Silvio Berlusconi said Monday that US President George W. Bush hoped for a meeting of Group of Eight rich country leaders on the financial crisis "in the next few weeks."

During a joint public appearance at the White House, Bush stressed the need for coordinated US-Europe action to calm markets but did not mention such a summit, while the White House denied any specific plans for G8 talks.

"These are tough times," said the US president. "People all over the world are understandably concerned about the global financial crisis and about how it will affect their families and their businesses." Read more...

Note to self, if you ever go to the proctologist and he has both hands on your shoulders like the President does on Berlusconi's shoulders, it's BOHICA (Bend Over Here It Comes Again) time. Guess he was demonstrating what the federal government is doing to the American taxpayer.
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Congressman says McCain 'sowing seeds of hatred'

WASHINGTON (AP) - Rep. John Lewis, a Georgia Democrat and veteran of the civil rights movement, says the negative tone of the Republican presidential campaign reminds him of the hateful atmosphere that segregationist Gov. George Wallace fostered in Alabama in the 1960s.

Republican candidate John McCain on Saturday called Lewis' remarks "shocking and beyond the pale."

The Obama campaign said the Illinois senator doesn't believe McCain or his policy criticism is at all comparable to Wallace and his segregationist policies.

In a statement issued Saturday, Lewis said McCain and running mate Sarah Palin were "sowing the seeds of hatred and division, and there is no need for this hostility in our political discourse." He noted that Wallace also ran for president. Read more...

Lol, that is all I have to say on that one.
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Burning McCain campaign sign lands men in hot water

The Portland Tribune-The presidential campaign got a little too hot for two Portland men who were arrested early Saturday morning, Oct. 11, and charged with burning a large John McCain campaign sign outside a Southeast Portland home.

Portland Fire and Rescue investigators said the two men made a Molotov cocktail and threw it at the sign in the 7900 block of Southeast 17th Avenue. Read more...

Yeah and McCain and the Republicans are sowing the seeds of hatred. And please don't give me that garbage that this backlash from the way McCain is campaigning. This another example of typical Leftist infantile bullshit.
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-CT

"Happy Hunting!"