Evolution Of A Headline: Drudge Blames Obama For Market Declines, Accidentally Gives Him Credit For Rally
Evolution Of A Headline: Drudge Blames Obama For Market Declines, Accidentally Gives Him Credit For Rally
The markets opened this morning with a sustained decline, which Reuters attributed to a new “report showing yet more deterioration in the housing market.” Matt Drudge, however, wanted to blame it on President Obama, so he posted an auto updating graph of the Dow Jones Industrial average. Under that, in large block letters, Drudge asked, “WAS IT SOMETHING HE SAID?” But as the day passed, the market rebounded, and Drudge was left suggesting that Obama was responsible for the rally:
Drudge couldn’t let that stand so, several minutes later, he changed the headline:
But then, shortly before the closing at 4:00 PM, the market declined again. What did Drudge do? He hurriedly changed it back, typos and all:
Matt Yglesias wrote recently, “Not only is it obviously stupid for political commentators to be assessing the quality of economic policy by tracking the ups-and-downs of the stock market but the fact that the commentators who want to do this keep wanting to specifically use the Dow Jones Industrial Average just highlights their ignorance. Not only is there no particular significance to the stock market as such, but there’s no particular significance to this index.”
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Drudge is so passe and irrelevant. He continues to make a blathering idiot out of himself every day. Doesn’t he realize that everyone is laughing at him? Poor fool.
February 25th, 2009 at 4:21 pmMarie! We crossed in cyberspace….great minds, eh?
February 25th, 2009 at 4:21 pmDrudge is such a lame joke any more.
February 25th, 2009 at 4:22 pmHis headlines, while always inflammatory, now are really scraping the barrel of sleazy commentary.
Hmmm… he altered the facts to fit the policy.
that sounds familar….
February 25th, 2009 at 4:23 pmHe should just script it. That way every five minutes or so the headline can reflect whether he wants to blame Obama for the fall or congratulate the Republicans for the rise. Drudge however is not only a terrible muckraker, but also a terrible Web designer.
February 25th, 2009 at 4:26 pmSeems to me that stock market behavior is more of a symptom of some disorder among investors than anything else right now. I wouldn’t say that they’ve been a particularly rational group of people.
February 25th, 2009 at 4:27 pmfletc3her Says:
He should just script it. That way every five minutes or so the headline can reflect whether he wants to blame Obama for the fall or congratulate the Republicans for the rise. Drudge however is not only a terrible muckraker, but also a terrible Web designer.
I’ve always wondered about that. Perhaps the website is supposed to look raw and unscripted. None of this slick MSM stuff for Drudge’s audience, just straight ahead muckraking and gossip mongering.
None of this matters, because his audience is completely devoid of critical thinking and incapable of understanding the graph anyway.
February 25th, 2009 at 4:28 pmStay tuned folks — tomorrow, Drudge will find a way to blame the WEATHER on Obama!
February 25th, 2009 at 4:35 pmI thought that the stock market followed hemlines. The ladies should not even be showing toes these days.
February 25th, 2009 at 4:36 pmBold lettering would be more effective if you had an actual thought to convey.
February 25th, 2009 at 4:38 pmNot much anyone can do to stop this shit-packed snowball that is still pick’en up steam as it hurtles down the NYSE hill. Republicans set this collapse in motion a long time ago and nuttin’ honey can stop it!
February 25th, 2009 at 4:39 pmj. k. just stfu.
February 25th, 2009 at 4:40 pmWe noticed you changed your headline, Drudge.
Was it something we said?
You stay classy, Matt Drudge.
February 25th, 2009 at 4:42 pmAnother insignificant POS…Matt Drudge. These guys are so twentieth century. Lying about Clinton worked before everyone had a computer and the internet. These guys count on a phony news network and a phony news distribution to a shrinking base of morons and knuckle draggers. Pathetic idiots.
February 25th, 2009 at 4:43 pmJohn Kerry Says:
Sorry libs, you can’t blame this on the Great George Bush or Drudge!!
NICE TRY!
Very well, then. I blame the stock market on you, j.k.
You stay classy.
February 25th, 2009 at 4:43 pmHe still has an audience? I bet every one of them is twisted like a pretzel. Fine. It keeps them occupied, and the show provides a great negative example to the rest of us.
February 25th, 2009 at 4:43 pmJK why do you bother? You have proven you are incredibly stupid. That you dont KNOW anything and just repeat the BS you were brainwashed with. No one takes you seriously you are a moron. You are stupid. You have NOTHING to offer and dont even try. It must suck to be as stupid a troll as you are. Reduced to sniping because you are far too stupid to contribute.
February 25th, 2009 at 4:44 pmAfter this, therefore because of this
Anybody can do that. People with knowledge use theory to make predictions. They do so before the event, not afterwards.
Correlation is not causation.
Nonideological, pragmatic change is vacuous. Theory is required.
February 25th, 2009 at 4:44 pmDrudge is a scum sucking idiot….period.
February 25th, 2009 at 4:45 pmPoor quality killed investing. It started in board rooms with greed and leverage. They financed our Washington government, which did their bidding.
Even a bear market has up days.
I don’t expect people to invest, until balance sheets mean something. Restarting securitization is like putting cyanide laced Tylenol back on the shelves. Who will buy, other than central governments?
February 25th, 2009 at 4:47 pmHere’s the graph TP should’ve posted:
http://news.bbc.co.uk/2/hi/business/7909248.stm
February 25th, 2009 at 4:48 pmA new DOW theory based on the number of standing ovations the President receives….Perhaps investors miss the endless 9-11 references or the gratuitous babble about the sanctity of life or putting man on mare or human/animal hybrids?
February 25th, 2009 at 4:49 pmDrudge has a degree in econ.
Unfortunately, it zero Celsius
February 25th, 2009 at 4:50 pmWow, people still give Drudge credibility?
February 25th, 2009 at 4:51 pmI wanted to buy an IRA this year but seriously, what for? Are there any good funds for IRAs that won’t just be cut in half in a year or two?
The last time I brought something like this up Daryll advised me to invest in oil. Then, about two weeks later, oil stocks tanked (to use a bad pun).
February 25th, 2009 at 4:51 pmThe Sludge Report isn’t worth the electrons it’s printed on…
February 25th, 2009 at 4:52 pmI guess I should have said that oil prices tanked. Considering Exxon’s oil profits, perhaps they’re doing just fine thank you very much.
But, I realize the topic is that awful web site Sludge.. I mean Drudge Report…which seems to be another entity that wants the Obama (and by extensiont he country) to fail.
Thanks Dogfather – I’m calling it Sludge Report from now on.
February 25th, 2009 at 4:55 pmHe’s working on his Ministry of Truth creds.
February 25th, 2009 at 4:59 pmEverything wrong with this economy can be blamed on raygunomics, deregulation, W Boosh, and Phil Gramm and the boys. They all had a part to play in it. It started long before Barack Obama became president You could probably go back to what Elliot Spitzer was investigating when they got him for whores and it would have something to do with the crimes these sleazy hedge fund bastards were committing. This is not going to be fixed in a day or a month or a year. The greedy thugs have taken our money and it will be a while before they do the perp walk.
February 25th, 2009 at 5:00 pmThe Borgen Project has some good info on the cost of addressing global poverty.
$30 billion: Annual shortfall to end world hunger.
February 25th, 2009 at 5:00 pm$550 billion: U.S. Defense budget
Stupid libs! Obama (notice how it has the same amount of syllables as ‘messiah’. IT EVEN RHYMES) opens his trap and talks to the nation and
STOCKS GO DOWN
THEN UP
AND THEN RIGHT BACK DOWN AGAIN.
When are you libtards going to get it through your heads?!
/sarc
February 25th, 2009 at 5:00 pmExperiment for John Kerry to try.
Take a very big rock (let’s call it the Stock Market) and put it on top of a very steep hill. Now, pretend your name is George Bush and you push the rock over the crest of the hill. Now, pay attention carefully, at the very top of the hill, the rock is rolling very slowly, and someone could, at that time, take steps to stop the rock.
However, as the rock continues to roll, it gains what we like to call momentum (it sounds just like its spelled, so don’t be scared of the word). Thus, the farther down the hill you go and the faster the ball is rolling, the harder it is to stop that ball from rolling downhill.
So, who’s to blame? The person who is trying to stop the ball when its already halway down the hill, or the person on top of the hill who pushed it and didn’t stop it before it was out of control?
February 25th, 2009 at 5:03 pmDon’t worry about market fluctuations, over the long term you’ll be fine (probably).
February 25th, 2009 at 5:03 pmNow TP, you’re going to lose wingnut readers with such headlines.
May I suggest:
“INTELLIGENT DESIGN of a headline:”?
You’re welcome.
February 25th, 2009 at 5:04 pmThe relative worthlessness of the D-J aas an index of economic health has been widely known but actively camouflaged for decades.
It is, in its way, a perfect iteration of the Big Lie, some propaganda artifact which takes on ‘reality’ with continued, unconditional repetition. The D-J is absolutely PERVASIVE and ubiquitous, on EVERY corporate infotainment channel, every ‘news’ cast contains some, even fleeting, remote reference to it. It has become the avatar of prosperity (and its analogue, intoxication): It can NEVER be too high.
February 25th, 2009 at 5:05 pmlokidog Says:
May I suggest:
“INTELLIGENT DESIGN of a headline:”?
February 25th, 2009 at 5:04 pm
_________
Perhaps you missed the part about it being a headline on the Drudge Report. There’s nothing remotely intelligent about it.
February 25th, 2009 at 5:05 pmRepublicans are causationally challenged. Both Drudge’s chart and the comments of our trolls reveal that.
The Right honest-to-God think the Democrats taking power has cleaned the karmic slate, and they can now blame the Dems for absolutely everything that happens.
This attitude is one of the wonders of winger psychology, on a par with their inability to perceive that their policies never work. Repubs may be stuck in one of Piaget’s early stages of childhood cognitive development–some sort of neurological blockage.
February 25th, 2009 at 5:07 pmDrudge goodluck :)
February 25th, 2009 at 5:07 pmWell, Lord knows on any given you can count on Drudge to be obviously stupid.
February 25th, 2009 at 5:07 pmDon’t worry about market fluctuations, over the long term you’ll be fine (probably).
February 25th, 2009 at 5:03 pm
in the long (enough) term, we’ll all be dead…
if you’re a male, if you live long enough, you’ll die of prostate cancer. Age/cancer corellations approach 1.
Prostate cancer: Nature’s way of sayin “Don’t get cocky, boy!”
February 25th, 2009 at 5:08 pmIn today’s news, Sun comes up, stock market goes down. Republicans introduce legislation to ban sunrise.
February 25th, 2009 at 5:09 pmJust before Obama gave his speech the sun went down. Hmmmm.
February 25th, 2009 at 5:11 pmIt’s not ‘ignorance’.
It’s ritual.
It’s like call-and-response.
The fixation on, and the continual repetition of the D-J average are like the town crier of old singing the state of the polity: All’s well (or: “Oh shit, here come the fcuking Saxons!”)
February 25th, 2009 at 5:11 pmhussein toasterhead Says:
There’s nothing remotely intelligent about it.
Touché!
February 25th, 2009 at 5:13 pmTrue enough, but lets not panic. Im not one of those CNBC tools saying ‘OMG nows the perfect time to buy’, but it also isn’t the time to radically change your retirement fund (if you’re under 40)
February 25th, 2009 at 5:16 pmI blame the Bush Recession.
February 25th, 2009 at 5:20 pm90% of the time that Obama opens that big mouth of his, the market tanks.
It has been going on ever since the Market realized Obama was going to win the presidency in October 2008. Hey isn’t that the month that the Market really started to tank?
if Obama would keep his mouth shut the working class would not continue to lose their retirement savings in 401k’s and IRA’s.
February 25th, 2009 at 6:10 pm#1 rimhotep
we must have been typing simultaneously — :)
February 25th, 2009 at 6:20 pmTim43 Says: 48
Timmeh you shameless moron. So that is why it came back up right? My GOD you are ignorant. You are a stupid hivemind moron regurgitating the stupidest tripe imaginable. Then again as stupid as you are that is all you can do.
February 25th, 2009 at 6:23 pmJohnnie K shows how scrambled you are. Oh, the Wall Sreet Gangsters don’t like Obama’s policy. Good!
February 25th, 2009 at 7:54 pmI remember in the 80’s we had an unemployment rate approaching 7%. Regan tried to raise the,”acceptable,” unemployment percentage to 6%. He would go on the tube and claim we were making progress and the economy was strong. I had just red the figures!!! The pundits would say,”Ronald Regan is such an eternal optimist.” One man’s optimist is another man’s bald- faced-liar. If you’re a Republican the ONLY economic indicator is Wall Street. Under Clinton unemployment decreased to pre-G.O.P. levels.
February 25th, 2009 at 9:18 pmIn November, it took less than 24 hours for the conservative chattering classes to blame the Bush recession on President-elect Barack Obama. The usual suspects, including Rush Limbaugh, Fred Barnes and Dick Morris, pinned two days of steep stock market declines on Obama’s election. Of course, the recent bloodbath on Wall Street has nothing to do with Obama and everything to do with what John McCain deemed “the fundamentals of our economy” being weak. And as history shows time and again, the American economy and stock market almost always do better under Democratic presidents.
For the details, see:
February 25th, 2009 at 9:36 pm“Conservatives Blame Bush Recession on Obama.”
barack obomber Says:
You are stupid. Drudge has plenty of notoriaty. He just has no decency or credibility. It isnt shocking you are too ignorant to tell the difference.
February 25th, 2009 at 10:49 pmDrudge should blame Obama for not acting like a black person.
Obama is a disgrace to black people.
Is Obama going to financially reward black Katrina victims for having been racially discriminated against by Bush?
Where is the money?
I don’t think Obama would have any problem, hypothetically, with slavery happening all over again.
Maybe one remembers that Kanye West said, “Bush doesn’t care about black people.”
We have uncovered something far more horrifying.
It is practically like Obama “doesn’t care about black people.” (And Obama is black.)
There are all sorts of personalities.
There actually are screwed up black people who secretly don’t like their own kind.
There may even be black lunatics or freaks who would fancy themselves prancing around wearing a KKK outfit or uniform with the swastika on it.
Maybe Obama even fantasizes about hanging black people by nooses.
I like black people.
Black people are cool!
Black people are great.
But now, white people don’t have to worry about Obama interfering with racial discrimination inflicted by white people against racial minorities while Obama is president of the United States.
It is practically just as bad as if the white supremacist at heart, George W. Bush, is still running the country.
For example, Bush murdered a black woman—Margie Schoedinger.
“One of those very least were George Bush’s personal complicity in the death (murder to be precise) of my friend Margie Schoedinger in September of 2003. Determining the exact whereabouts and contacts of [then] president-elect George Bush on September 21 thru 22, 2003, should be entirely lacking in difficulty” (Leola McConnell (Nevada Progressive Democratic candidate for U.S. Senate in 2010). Retrieved November 29, 2008, from http://leolaforussenate.blogspot.com/2008/02/leola-mcconnell-for-us-senate.html).
Obama should have the guts to assemble workers from the FBI and/or one or more state attorney general offices and say something similar to the following:
“I, Obama, am the most powerful person in America now. Bush is no longer the president and thus no longer the most powerful person in America. I, Obama, am in control now. I, Obama, demand that the ultimate law-enforcement workers in this country investigate Bush and then proceed to have him locked away for life or executed for murdering the black woman—Margie Schoedinger. I, Obama, am black, and I find Bush’s murder of Margie Schoedinger to be personally offensive. I, Obama, feel it is once again like the time of slavery when white people killed black people with no sheriff, prosecutor, or court to stop it from happening or prosecute it. I, Obama, am not going to go around in the modern-day democracy feeling like a black slave of white people—especially while I am the president of the United States. I, Obama, want Bush brought down for murdering a black woman. I, Obama, want Bush brought down for racially discriminating against black people pursuant to Hurricane Katrina. I, Obama, am going to supply financial rewards to the black people who were harmed by Bush’s racial discrimination and who are still alive. I, Obama, am taken aback by Bush having been so evil in wrongfully causing the deaths of so many black people pursuant to his racist response relative to Hurricane Katrina. I, Obama, am going to take advantage of my time as a racial-minority president and not allow “Bush’s KKK-Neo-Nazi mentality” to rule over and oppress black people in America.”
Obama is not doing anything about Bush’s murder of Margie Schoedinger.
Obama has not given a penny to any black victims of Bush’s racial discrimination.
Obama needs to say: “I can change and act like a black person instead of disgracing myself all over the place!”
Obama needs to say: “Change—Yes I can!”
Submitted by Andrew Yu-Jen Wang
February 26th, 2009 at 2:49 amB.S., Summa Cum Laude, 1996
Messiah College, Grantham, PA
Lower Merion High School, Ardmore, PA, 1993
sinema bursa
estetik
February 26th, 2009 at 9:43 amDrudge can’t even decide whether or not he is gay, something like this is just way too much for him.
February 26th, 2009 at 10:07 amIt is practically like Obama “doesn’t care about black people.” (And Obama is black.)
Thanks for pointing out that Obama is black, Wang111. The world had been wondering.
February 26th, 2009 at 10:09 amThanks for pointing out that Obama is black, Wang111. The world had been wondering.estetik
March 21st, 2009 at 5:22 amI remember in the 80’s we had an unemployment rate approaching 10%. Regan tried to raise the,”acceptable,” unemployment percentage to 8%. He would go on the tube and claim we were making progress and the economy was strong. I had just red the figures!!!rent a car
March 21st, 2009 at 5:26 amIt isnt shocking you are too ignorant to tell the difference.arac kirlama
March 21st, 2009 at 5:26 am