Bush Announces Economic Stimulus Plan, Stock Markets Plunge
2008-01-21 21:55:26
On Friday President Bush announced an economic stimulus plan. The plan was short on details, vague on implementation, fuzzy about who would be helped, but sharply targeted when it came to how many taxpayer dollars should be spent -- about one percent of the nation's GDP -- somewhere between $140 and $150 billion dollars.
The world's stock markets reacted on Monday by plunging in the largest single-day drop since 9/11. The New York Stock Exchange and NASDAQ did not plunge because they were closed for Martin Luther King's birthday, but currently the Dow Jones (DJIA) futures market shows an expected 546 point drop by the time trading ends on Tuesday. It's going to be a volatile week on Wall Street this week and a rough ride for the world economy.
This leads me to wonder... since the stock markets dive when Bush announces a plan to help the economy, and the world now expects anything our President plans or does to turn into a gigantic clusterfuck, is there any way that he could use the perception of his own ineptitude to his (and the world's) advantage? What else could happen during the last year of the Bizarro Bush presidency, where whatever the president says causes the opposite to happen?
Bush announces that a settlement between the Israelis and the Palestineans is impossible, and lists the reasons why the fighting in the middle east must continue. Once all sides hear Bush state that he thinks that their war will be on-going and endless, they'll start trying to figure out where his logic is flawed, then they'll find a path to a peaceful settlement and all fighting will end in mere weeks.
Bush praises totalitarian regimes, calls Fidel Castro "one cool cat". Bush stops the double-talk about how America supports democracy, and lets it be known that we only support democracy in strategically insignificant countries. Once the dictators of the world hear that Bush is on their side, they'll panic, knowing that they're doomed, step aside, and free and fair elections can begin.
Bush declares that climate change is a fraud and CO2 emissions are good for the oil industry. That should convince any skeptics that still think that there's no such thing as climate change to change their minds. With the last of the doubters convinced that climate change is real, we can start making progress and fixing the problems that cause climate change.
Bush holds a press conference to tell everyone that General Motors is an excellent company in great financial shape. This won't actually help the world, but I hope to make a small fortune by shorting the stock.
Unfortunately, rather than do any of these things, I suspect that in the coming year Bush will announce additional plans to fix the economy, declare that he supports the Constitution and the Bill of Rights, that he wants to find peaceful solutions to the world's problems, and that he will work to support human rights and free and fair elections throughout the world.
We are so fucked.

T O P S T O R I E S
The Crossroads are real and The Blues is a place; The enduring myth of Robert Johnson (More...)
California Glory Hole attracts huge crowds
A glory hole at Napa's Lake Berryessa is drawing huge crowds. According to Chris Lee, the general manager for the Solano County Water Agency, the glory hole hasn't been active since 2019, and only restarted operations on Feb 4. (More...)
Republican State Senator busted after soliciting a teenage girl
Republican State Senator Justin Eichorn of Minnesota was arrested for soliciting a teen girl on Monday just hours after he introduced a bill proposing "Trump derangement syndrome" (TDS) as a form of mental illness. (More...)
Parents claim measles is not that bad after having only one child die
The parents of a Texas girl who died from the measles are defending their decision not to vaccinate their daughter. "She says they would still say 'Don't do the shots,'" an unidentified translator for the parents said. "They think it’s not as bad as the media is making it out to be." (More...)
Delusional rich man tries to fire town staff
"I'm mayor now" said write-in mayoral candidate and founder of Pirate’s Booty Snacks Robert Ehrlich after losing the election for Mayor of Sea Cliff, NY. Then he tried to take over the Village Hall and fire everyone. (More...)
Musk claims Xitter security is staffed by idiots
Earlier this month Xitter experienced a massive outage. In an interview, Musk told Fox Business that he believes the attack came from "IP addresses originating in the Ukraine area." (More...)
C L A S S I C P I G D O G
Skunk School -- Learn Why Not To Keep Skunks As Pets
There is an alarming trend in pet purchasing habits this fall. People inspired by the WWII film, "Life is Beautiful" -- the one with that annoying Italian guy -- are buying descented skunks by the millions. (More...)
Still Up For the Party? America's Dance Floors Are Graying
Raving over 30 doesn't have to be embarassing anymore. (More...)
Paranoid Strippers & Psychotic Crack Dealers (Tales of Christmas Eve)
Christmas day, for the last 17 or so years has bored me. I find that the real fun and excitement always takes place on Christmas Eve. Every other year, it's the excitement of the metaphorical hunt instead of the kill. Otherwise, it's just plain bad craziness. (More...)
Poor Metallica. All they want is to continue to put out the same weak "Heavy Metal" they've been churning out since the "And Justice For All" days? and make gooey wads of cash in the process. The problem is, people aren't buying their bound for the heavy metal scrap heap, over-produced, uninspired, tired crap. And let's face it, their various commercial endorsements won't pay for the lifestyle they've become comfortably accustomed to. Resorting to lawsuits makes perfect sense, when you need spending money. But just one lawsuit isn't going to pay their bills. So, to aid Metallica, I've composed an open letter to the boys in the band, with suggestions as to whom else they might sic their lapdog lawyers on... (More...)
Clowns Take on God in Mysterious Annual Ceremony
Last Sunday's (the 6th) Grimaldi Service at a small church in East London was a red-letter day for clowns worldwide. About a hundred old-school red-nosed clowns made the sombre trip to darkest Dalston to pay their respects to clowns who died in the last year and to thank God for the gift of laughter in a bizarre ceremony presided over by the eccentric Reverend Clown Roly, resplendent in a garish red lumberjack shirt with oversized gold lapels. (More...)
One of our star reporters was sent to Comdex by his employer. El Destino reports live from the biggest, geekiest trade show in the world. (More...)