Friday, February 6, 2009

Obama at the DOE



Obama sold the stimulus package at the DOE yesterday and unfortunately the media has failed to replay this speech on a loop. It is an excellent speech and should be posted in full. Follow the link to read the whole thing. Stoopid media.

3 comments:

Chris Rich said...

I've been watching for patterns on a custom google news feed and notice an interesting one.

The useful Obama news from reuters, bbc and the stodgy quasi honest media sources shows up early day.

Then, a swill flush hits after eleven am as various hit bits from the AP, FUX/WSJ ABC sleaze and so forth roll out with menacing leads masking bland stories.

Then the flush works its way through the system and, by early evening the useful stuff shows up again.

And then I just did some digging on share prices of the usual suspects.

FUX/WSJ is in the deepest swirl with a share price range between 5 and 7 bucks and major losses in the billions. Rupert claims the lack of car ad revenue is doing it.

GE/MSNBC floats above FUX at a range of 9 to 12 bucks a share but the downward tug of swirling water is strong.

Viacom is doing a bit better in the mid teens and Grisly Disney/ABC is between 18 and 20.

It is a truism in sewage treatment that sludge sinks while scum floats so FUX and GE are headed for sludgedom while the others still cling to the hope of merely being scum.

They are all bleeding away billions and won't it be priceless when FUX applies for a bail out? GE already has for its devastated GE capital unit,(technically a bank).

The very thing they struggle to undermine, Keynesian stimulus is the thing they most desperately need but wreck stuff out of arrogance and maniacal determination to hang on to the now dead W world order that has been retired in disgrace.

There is something wonderfully demented about it all. These toxic waste media things are benefiting slightly from the Wall street sucker rally underway today because the street is confident the stimulus will pass unscathed.

Waterheads like McConnell probably know somewhere near the lizard brain stem that scuttling the bill will trigger a tailspin in the Market, like 1000 points down over several hellish trading days,so it's hard to see this posturing as anything but a parade of hideous right wing attention whores flailing in tantrum mode at an electorate and a set of circumstances that doom them.

Anjha said...

Interesting take Chris. I noticed on MSNBC website yesterday a hellacious hit piece on Obama about the Cole bomber "having charges dropped" and shit because Obama dared to sign an EO.

It really was a hit piece and I found it surprising.

You are correct though - even the media giants need this thing to pass.

What I have also found interesting is that MSNBC now plays the ENTIRE WH press briefing and they play long diatribes of the Senators in the well. They never ever did this for the Dems and never played GW press briefings.

Bizarre.

I hope you are right.

idiosynchronic said...

I think Chris has hit upon something here:

The useful Obama news from reuters, bbc and the stodgy quasi honest media sources shows up early day.

Then, a swill flush hits after eleven am as various hit bits from the AP, FUX/WSJ ABC sleaze and so forth roll out with menacing leads masking bland stories.

Then the flush works its way through the system and, by early evening the useful stuff shows up again.


I think you've caught the essence of the 24/7 1-hour news cycle, Chris. I disagree on the share price thing, though, as to whom profits and loses on the news because of their stand.

You essentially have two decent news periods: the morning period as newspaper print pieces go to pres (or webserver), and the evening pieces assembled before the East coast national evening news. The rest of it is fluff, recap and slander.