{"id":1621,"date":"2009-02-10T13:31:36","date_gmt":"2009-02-10T20:31:36","guid":{"rendered":"http:\/\/pwoodford.net\/blog\/?p=1621"},"modified":"2009-02-10T13:35:14","modified_gmt":"2009-02-10T20:35:14","slug":"is-wall-street-the-symptom-or-the-problem","status":"publish","type":"post","link":"https:\/\/pwoodford.net\/blog\/?p=1621","title":{"rendered":"Is Wall Street the Symptom . . . or the Problem?"},"content":{"rendered":"<p>It seems like whenever the news is good, the stock market tanks.\u00a0 Unemployment down?\u00a0 Stocks plummet.\u00a0 Wages up?\u00a0 Stocks plummet.\u00a0 Orders for durable goods up?\u00a0 Stocks plummet.\u00a0 New home starts up?\u00a0 Stocks plummet.\u00a0 And now the new administration gets a stimulus package stuffed with tax cuts through the senate . . . and <a href=\"http:\/\/www.nytimes.com\/2009\/02\/11\/business\/11markets.html?ref=business\" target=\"_blank\">stocks plummet<\/a>.<\/p>\n<p><a href=\"http:\/\/wonkette.com\/406116\/economic-rescue-causes-market-collapse\" target=\"_blank\">Wonkette<\/a> today asks a damn good question: what do Wall Street traders <em>want<\/em>?<\/p>\n<blockquote><p>Is Geithner, or Obama, or Allah, supposed to wave a lightsaber in the general direction of Wall Street and repeat three times, \u201cI now pronounce the Dow at 15,000,\u201d in German, and everybody gets a \u201cbank error in your favor\u201d box of gold doubloons and busloads of actual zombies from the <a href=\"http:\/\/www.baltimoresun.com\/news\/nation\/bal-te.md.detrick10feb10,0,6479019.story\">Fort Detrick<\/a> voodoo laboratory start banging on the doors of every stucco shitbox from the Florida panhandle to the San Diego suburbs with signed cash offers of $575,000?<\/p><\/blockquote>\n<p>Of course if that were to actually happen . . . stocks would plummet.<\/p>\n<p>I asked this <a href=\"http:\/\/pwoodford.net\/blog\/?p=1470\" target=\"_self\">once before<\/a>: isn\u2019t it time we do something about these un-American traitors?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1623\" src=\"http:\/\/pwoodford.net\/blog\/wp-content\/uploads\/2009\/02\/chance.jpg\" alt=\"\" width=\"425\" height=\"236\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems like whenever the news is good, the stock market tanks.\u00a0 Unemployment down?\u00a0 Stocks plummet.\u00a0 Wages up?\u00a0 Stocks plummet.\u00a0 Orders for durable goods up?\u00a0 Stocks plummet.\u00a0 New home starts up?\u00a0 Stocks plummet.\u00a0 And now the new administration gets a stimulus package stuffed with tax cuts through the senate . . . and stocks plummet. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,8],"tags":[],"class_list":["post-1621","post","type-post","status-publish","format-standard","hentry","category-current-events","category-politics"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1621"}],"version-history":[{"count":3,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1621\/revisions"}],"predecessor-version":[{"id":1625,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1621\/revisions\/1625"}],"wp:attachment":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}