When ever I get a little depressed, I check out the local lefty blogs, and they never fail to provide me a few chuckles. I always feel better after reading some of their political and scientific fantasies, here is one of the latest examples
How the tea party “win” on debt deal helped restore confidence on Wall Street
Really? It was only 512 poins today and 1,300 over the past two weeks. According to the discussion on Tom Sullivan on KFBK today, the real issues is what is happening in Europe. The debt deal prevented default, but it did not lower the debt. According to Stuart Varney on Fox News, it just made us look more like Europe.
Europe is in the tank, and US investors are looking at what is happening in the European Union and realize that we are next. They are escaping to liquidity and gold. The Tea Party did not do that, individual investors did it. Most of these investors are much smarter than our intellectually challenged local left. We are Americans. we are not European socialist. We are not going where Obama is taking us and the market is sending him a message.
Update ( 08-06-11, 10:10) This cartoon is from the folks at Powerline, which came from the Investors Daily.