Eugene David
...The One-Minute Pundit

Front page



THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.

THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.

THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.

THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.

PERMALINKS:

THE NEWS HACKS' DICTIONARY

THE EUGENE DAVID GLOSSARY

AMERICA'S MOST UNINTENTIONALLY FUNNY WEB SITE!

Blogroll Me!

[Powered by Blogger]

Thursday, November 04, 2010

Posted 11:28 AM by Gene

This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. [WHY MUST WE DO THAT?!?!?] Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth [WHICH CONSUMERS?!?!?] and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion. [Emphasis added]

TRANSLATION: ST. BENJAMIN SUPPORTS TRICKLE-DOWN!

Home
Site Meter eXTReMe Tracker