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Friday, August 22, 2008

Economy, Etc

We are all waiting around to hear the official word that Obama is going to pick Biden, Bayh, Kaine, Clinton, or person x for VP.

The blogs are all aflutter with Biden. If he picks Biden at least there will be another voice out there strongly fending off the profoundly contemptuous right wing smear campaign.

In basketball the power forward is often the team's "enforcer." He will do the dirty work, get the cheap fouls, and play very physical banging basketball. He does not mince words and usually berates the opponent. It appears that politics has used this as its model for the VP slot. It could be worse, they could have used pro wrestling as its modeling source.

The stock market on the other hand seems to be crawling along on its hands and knees through an endless mud valley, replete with dark storm clouds, and vultures. The good news is that it didn't fall into the quicksand and for a few brief moments this week, the sky cleared.

Breitbart.com: Stocks jump on falling oil, inflation forecast
Wall Street capped a volatile week with sharp gains Friday as oil retreated from this week's rally and after Federal Reserve Chairman Ben Bernanke said inflation pressures are likely to moderate.

The run-up Friday left stocks with mostly modest losses for the week. The Dow is down 0.27 percent, the S&P 500 is off 0.46 percent and the technology-heavy Nasdaq is down 1.54 percent.

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