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We are talking about ABC News which published a fake made up story about the sitting US President, over the exclusive use public airwaves that it is licensed to use. And that made up story had a huge impact on the US Stock Market. IMO, they have exposed themselves to legal liability for what they did.
Now if ABC wants to turn itself into a tabloid blog, then I'm fine with that. But first they must give up their broadcast licenses and ownership or affiliation of TV stations across the United States.
Last I checked, October of 2008 was still before January of 2009.
It's sad that I've joked about this attempt to blame the crash of 2008 on Obama before on this forum, and now we have an example of somebody actually doing that, lol.
Next thing ya know someone will be claiming that the New York Times is Mexican owned.
Causing the stock market do nosedive due to partisan faulty reporting is worth more than 4 weeks suspended. What ABC did was give the guy an extended holiday vacation: Chanukah, Christmas, New Year's.
I think it's more serious than Matt Lauer pinching Katie Couric's butt.
You forgot Kwanza!
Quote:
Originally Posted by Toyman at Jewel Lake
And yet, the head of Enron was put in prison ...
Actually he died of a heart attack or if you are a conspiracy theorist, he faked his death and living on an island somewhere.
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,400,252 times
Reputation: 40736
Quote:
Originally Posted by WaldoKitty
People?
We are talking about ABC News which published a fake made up story about the sitting US President, over the exclusive use public airwaves that it is licensed to use. And that made up story had a huge impact on the US Stock Market. IMO, they have exposed themselves to legal liability for what they did.
Please, stop the biased hyperbole! A less than 1% change in the market is hardly a "huge impact" as you allege and is well within the norm of a 'normal trading day. And you're talking about a sitting US President who's made up more than his share of fake news including phony phone calls and unsubstantiated accusations of wire-tapping.
Having a loud mouth and a horrible ego does not make one a leader.
And before becoming president, Trump was a sub-par businessman who lost money and businesses regularly, destroyed most everything he touched, and was the butt of every joke involving pampered, worthless, spoiled rich brats who never earned a dime in their life.
It is only because he ran as a Republican that we now have millions of partisan suckers supporting this brain-dead clod who, 2 years ago, they wouldn't have entrusted with their retirement fund, house for a weekend, or daughter for one night.
Trump is a loud-mouthed stooge. If we can sue people for lowering the market, can we sue him when his disastrous policies topple the economy?
Actually before becoming President, Trump was the most iconic and well-known businessman of the last 30 years.
Because the market hates uncertainty. Trump is worthless. He hasn't done a single thing of any value for any working class Americans in this nation, save for the ones who get their kicks out of spewing bigotry and who no doubt enjoy his half-arse travel ban and his obvious support of white supremacists in places like Charlottesville.
The economy is still riding on the coat-tails of the Obama recovery - although, to be honest, even Obama didn't work any miracles there. The only reason it dips when Trump is in trouble or proposes some mind-boggling stupid idea is because the market hates uncertainty, not because the market needs Trump to succeed somehow.
If Trump literally did nothing the rest of his time in office - and found a way to avoid being impeached or otherwise legally dealt with for obstruction of justice, etc. - the market would have a much better day simple because uncertainty over that lunatic's actions and if he will still be the president or not will be removed.
Don't confuse fear of the unknown with fear of a specific person failing. Trump is worthless, and the only reason the market HAS continued to do so well is because Trump has failed to implement most of his idiotic ideas thus far, with the unfortunate "low introductory rates" pay-day loan style tax scam being the near-term exception.
Trump removed almost all of Obama's mistakes, all those Obama regulations that were hurting the business world have been removed.
Its like Obama never existed.
If Trump has had "no effect" on the stock market and the economy has been riding on Obama's coat tails, then how come it nosedived when we thought Trump was in trouble?
The stock market crashed in 2009 when Obama was President. That is what was stated.
Obama took office on January 20, 2009. The stock market bottomed on March 9, 2009. What actions would Obama have had time to have taken in the intervening 7 weeks? After March 9, 2009, the market recovered handsomely - and then some.
So... by your narrative, 7 weeks of Obama is responsible for the market crash, but 8 years of Obama had nothing to do with the stock market's rise?
We can - tangentially - blame Obama's policies for insufficiently helping those persons who don't own stock. There's a case to be made, that the policies enacted from January 2009 to January 2017 were ineffective in helping the bottom 80%, or whoever it is, who isn't heavily invested in equities. But now we're blaming Obama for a bad stock market?
The snowflakies got their hopes up for the weekend.
They are still pounding this garbage down their throats this fine weekend.
Poor snowflakies. They don't have much.
Just the truth. But liberals know nothing about that so I understand that’s a foreign concept to them.
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