Monday, December 8, 2008

Dow Bumps While Autos Fist-Bump

Looks like Wall Street is bumping up a little with word that Washington is going to bailout the Big 3.  Up 300 last I looked.  Though it could be from the news of Obama's drag-and-drop New Deal policy that was fed to the press this last weekend.

It's amazing to see how there is virtually no dissent on the mainstream media on the nailout issue.  Polls have been showing around a 60-70% dissaproval of the idea of a bailout, but you would think that the number was around 15% by watching any television news.  (Which we don't advise.)

This shouldn't surprise anyone, though.  The first bailout should have been enough evidence that the political class in America--which includes the large corporate media--are in the business of doing whatever they see fit.

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