Nearer, My God, to Thee
Nutmeg State Democrats at every level of government have spent years asserting that higher taxes on everything that moves – from income to business entities and property ownership – would not negatively impact our State’s future. As a result, economic growth has been all but nonexistent, 18-34 year olds flee the State at the fastest rate in the nation, and yesterday brought word that even the casinos are taking a bath in the economic downturn. But on Dodd Watch: Day 116, Connecticut’s senior Senator is trying to see the bright side of things.
“We’re hopeful this week we get a better response then we did at the end of last week,” Dodd said, referring to the stock market.
The problem, of course, is that the global markets aren’t buying Dodd’s positive spin. For example (h/t Drudge):
Investors will learn today whether the Paulson bail-out – fattened to $850bn (£480bn) by Congress – can begin to halt the death spiral in the credit system. So far, the response looks terrible.
And from Breibart:
“We have a seriously weak and fear driven market at our hands,” said Tom Hougaard, chief market strategist at City Index.
And from MSNBC’s Jim Cramer:
“Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”
At this rate, Chris Dodd should quit the Senate and become a weatherman.
2 Comments
Leave a Response
You must be logged in to post a comment.
Do we realize that on Dodd’s watch a GLOBAL financial disaster occurred?
This not only affects us at a local level, the “revenue leveling” income tax revenue is diving, the stock market is diving, but on a global scale they have come to know our Chris Dodd.
Finally Dodd has the global recognition he so craves!
This is really embarrassing we in Connecticut have failed to properly manage and discipline our employees. And this is what we get, an entitled Politico who in the face of all evidence including video, does not get it and shows no remorse.
None, there is no shame when you are the DODD!
I find your ending comment highly offensive. Most weather guys are pretty good 2 to 3 days out and beyond that it’s very difficult to model such a complex chaotic system. To compare that to being surprised at what happens if you compel banks to give loans to people who can’t repay them and prevent the administration for regulating “quasi-public” organizations you’re collecting major contributions from is quite inappropriate. I think you owe weatherman an apology.