walkitout (walkitout) wrote,
walkitout
walkitout

Economy Fun: CNBC Desperation Cheerleading, with a bit of politics at the end

Power Lunch has this bizarre and amazing, see, it's _not_ going to be a recession! cheerleading session going on.

Meanwhile, in the real world, oil has "pulled back" to $124.90.

Look, just because the retailers didn't post as horrific a quarter as everyone was expecting, does _not_ mean that life on Main Street is lovely. Much less that Wall Street is in great shape, given how bad the reserves balances still look.

Off to go read up on this special election in Mississippi.

ETA: Yup, as I figured. All that money. All that campaigning. All this excitement for a special election in _May_ for a seat that will be up for grabs again in _November_.

http://www.reuters.com/article/politicsNews/idUSN1344676720080514
http://www.cbsnews.com/stories/2008/05/13/politics/politico/thecrypt/main4094569.shtml

Lots of excitement about how this is three special election seats lost by the GOP, how this is a Super Safe district (went for Bush by 25 points in the 2004 election), Darth Vader and Mrs. Bush both helping the loser's campaign, etc. etc.

ETA2: Anti-choice, pro-gun rights, this guy is definitely conservative. I'm unclear on what a chancery clerk is. Funniest bit so far: he owns a realty office.

http://www.childersrealtyonline.com/

Unless that's a different Travis Childers in Mississippi.
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