Monday, December 08, 2008

Double Speak

"Wall Street put an upbeat spin Friday on the government's report that the nation lost more than half a million jobs last month. Stocks reversed early losses and closed sharply higher as the data raised hopes that Washington will again step in to help the economy."
http://biz.yahoo.com/ap/081205/wall_street.html?.v=95

It says what?!

We lost 500,000 jobs last month. Wall Street found this comforting, because they see that as a sign that the government will give out even more money. So stocks went up.

Insanity.

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