Kicking Ass: The Democratic Party's Blog

That Well Dried Up

Posted by on October 20, 2006 at 03:45 PM

A friend sent me over a link to the RNC site. Curious about what kind of propaganda was so amusing that it would be worthy of sharing, I went to check it out. The section, "Posts on Good News From Iraq" popped up.

While that category, in itself, is laughable, even more noteworthy for the GOP should be the fact that they haven't been able to find something to spin into a post for that category since August.

Comments (9) «

Look at THIS PAGE from the GOOPER site. They are misusing year old news accounts, and most are just plain wrong to start with.

How about "the sight of Mehlman turns my stomach", or "All he does is lie anyway, so why should I double his time when he always talks over people anyway?"

1
DPD on October 20, 2006 at 05:14 PM

Is Moham-med Saeed al-Sahaf:The Iraqi Minister of DisInformation (former I should add) aka: Bagdhad Bob, the new spokesman for the GOP? Because it sure sounds like it.

2
Hank on October 20, 2006 at 05:48 PM

Thats funny.

I also get a chuckle when I see on TV all these republicans complaining about all the bad news coming in before the election. paraphrasing 'I find it coureous that my illegal activites are just coming to light. I mean I've been doing this for years. Damn Democrats!' how sad. ;)

3
TexasLane on October 20, 2006 at 07:22 PM

story writer = karl rove
spokesperson = tony snow
moron = the president
deadbeat = vp

not to miss a beat ... they'll leave it to their tony snow(job) to spin and divert what a wonderful place it will be (someday). uh, what ever happened to "mission accomplished?" or maybe tony will say they meant to say "mission we promise."

4
america1st on October 20, 2006 at 08:08 PM

The Unsung History of the Bush and the Technology Bubble

An interesting thing happened in a blog debate today. It turns out that there's a sort of a money trail that shows interesting details about the relationships among the political campaign, the energy industry, and the painful implosion of the technology bubble. It starts in early 2000, when the Bush campaign was still an unknown quantity, and connects the dots.

The NASDAQ peaked in March 2000, and began to correct, but the NASDAQ's a broad index; the decline was led by the technology sector, which carried excessive P/E ratios at the time. 3Q2000 was the first major transfer of equity funding away from tech.

The 15-stock DJ Utilities index was at 325 on August 1, 2000; by September 15, it had reached 397, a gain of 22%. That 22% gain represents a vast sum of money, and that money didn't come out of thin air. During the same seven week period, Exxon/Mobil equity prices gained 18%.

A great deal of the money that lifted Exxon and the DJU came out of tech, particularly out of telecom, where the P/E ratios were particularly inflated. Both Nortel and Lucent equity prices peaked around the end of August, 2000, and by the end of September, each had corrected by around 30%. That decline amounted to hundreds of billions in market cap. Probably not enough to account for the entire DJU move, but enough to identify a sector taking a major hit from the rush of equity into energy, beginning in August, 2000.

The telecom crash was the beginning of the avalanche, and led it all the way down the mountain. By the start of 2Q01, Nortel and Lucent had each lost between 85% and 90% if their market cap; by that month, the broader NASDAQ index had plunged from its March 2000 peak at 5048 to 1639, a 67% drop. This was the real tech implosion . The games that were being played within the energy industry triggered it.

The money trail's pretty clear: the California energy crisis was manufactured by energy companies very close to the Bush/Cheney campaign, and directly triggered the implosion in technology equity; direct actions of Bush's allies "popped" the tech bubble, just in time for the downturn to be useful in the last days of the 2000 election.

Isn't that SPECIAL?!?

5
LongWager on October 21, 2006 at 03:10 AM

Forget Florida. The real way Bush and the Pubs stole the 2000 election was to arrange for the economy to tank before the election. This was the real purpose behind the manufacture of the California Power Crisis of 2000, which sucked huge sums of money out of the tech sector, triggering the implosion of the tech bubble.

The Supreme Court was just insurance; the needed the economy to tank before the 2000 election in order to have a chance of winning, so they arranged for the economy to tank on time.

6
LongWager on October 21, 2006 at 03:34 AM

Speaking of Republican spin, check out this link to a political cartoon inspired by the Foley scandal.

Warning: it is a little off-color, though I wouldn't say outright offensive.

http://i107.photobucket.com/albums/m303/timporary/political/Elepholey.jpg

7
urgk on October 21, 2006 at 09:07 AM

The Well might not of dried up. NBC has just defined Sen. Bama, as a Liar! He was on Meet the Depressed,on sunday, and Ted Propaganda Russet, asked him if he would run for President in 2008, and he said it could be a possibility, Then Ted showed a video of him in Jan, where he said in no way would he run. Ted said, well isn't this a kind of Deceit? He said no. Turning his words, into a liar!

NBC did in Howard Dean, Dan Rather,John Kerry,with the Swift boat scum, it is nothing but a Fascist pig propaganda machine for General Electric, (They own NBC, CNBC, MSNBC) and the Military Industrial Complex, and the Bush Regime!

They are very dangerous to the Democrat party, and no Democrat, should ever get on Meet The Press, but give then the finger, Like Clinton did to Foxy News. cause Ted Russet just tears them apart, and Howard Dean should know that. He also was trying to twist Hilary Clinton's words, to say she would run, and make her into a liar. NBC is laying off 700 emplyees, in there News, or could you say Propaganda Department, probably to make a more stronger Propaganda Machine. Watch out for NBC, "Blackball" Them, don't support their sponcers, although I do like Jay Leno.

NBC Regime, will do all they can now to destroy anykind of Victory the Democrats could have in the 2006 election. Watch out what they say, they are out to Destroy the Democrat party chances. Ted Russet takes no Democrat prisoners!

8
DemocracyWon on October 22, 2006 at 07:30 PM

What does it feel like to know that you will once again lose to the Republicans on Nov. 7th? I guess that when you are used to losing, life does not seem so fair. There are more Union people joining the Republicans side than you think. Maybe you should check what happened in 1983 when Congressman Gerry was caught actually having sex with a Page. All he got was a slap on the wrist and was reelected for five more terms. Congressman Foley resigned after he was caught only emailing pages. There seems to be a double standard on the Democratic side from my view.

9
frodo on October 22, 2006 at 11:14 PM


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