Hard hat zone
-Headline of the day-
"The Nightmare on Wall Street."
Following Bear Stearns, Fannie Mae, and Freddie Mac into the whirlpool, Lehman Brothers and Merrill Lynch go belly up. American International Group, a major insurer, is likely to become the next victim. In response, investors said "Yikes!" today and the Dow dropped more than 500 points.
Not to worry, though. Sunshine McCain decided that today would be a good day to declare that "the fundamentals of our economy are strong." No, really. He said that.
Authorities warn people not to walk down Wall Street today or, if you absolutely have to go, to avoid buildings with ledges. Market indicators are moving away from "depressed" to "suicidal." (Slate)
-Bonus HotD-
"Kid Rock, GOP Supporter, Decries Celebrity Endorsements of Politicians."
Rock makes the mistaken assumption that anyone on Earth gives a fuck what he says. He also must not be a celebrity, since he's endorsed Bush in the past and opened for McCain at Sturgis.
Kid Rock, ladies and gentleman, almost as smart as he looks. (Truthdig)
-Call Guinness!-
Weeks and weeks after the Olympics have ended, another American breaks a record. According to the report, "Sen. Barack Obama raised $66 million in the month of August, making it his best month ever and the best in American political history, an aide said Sunday morning."
This means Obama will be able to easily outspend McCain in the last two months of the general election campaign. What does this mean for you?
It's just a guess, but if you're living in a swing state, I think it means you're going to hear McCain saying the words "the fundamentals of our economy are strong" a lot, followed Barack saying, "I'm Barack Obama and I approved this message." (Politico)
