It's still Bush's fault.

Danni would disagree with you. She's pretty sure Raygun held a gun to everyone's head to get them to overspend beyond their means.

Matt uses the "broken clock is right twice a day" approach to news. He figures if he keeps posting it, he may be right once.

It seems to me he's linking to external News Sources, Kanrei.

Shshshhhh!

Oh...

we should ALL get pulitzers for reprinting material of others!

He must be investing in precious metals.

drudge.com rocks drudgerepor*.com

Who's more obsessed - the guy linking to relevant news stories of the day, or the guy counting how many times he links to certain topics?

Who's more obsessed - the guy linking to relevant news stories of the day, or the guy counting how many times he links to certain topics?

They guy who notices the guy counting =D

That ain't all Matt Druge is obsessed with. He can't get over the fact that global warming is a real as his hairy ass. I gotta give him credit though, he's sure got half the nation spoofed and makes money doing it. I admire his style even if it is no more relevant then a supermarket tabloid.

Well when we're already broke and then the government increasees spending while continuing to fight 2 wars and the dollar takes a dive, that is an important story.

What does this jackass want? 18 stories on where Paris Hilton is flashing her cooch these days? Dancing With the Stars updates? The next balloon boy?

"She's pretty sure Raygun held a gun to everyone's head to get them to overspend"

No, but he did "Indoctrinate" the children by speaking to them!

Doink!

drudge.com rocks drudgerepor*.com

#9 | Posted by emesee

And what's between your ears "rocks" them both.

Well that and ANYTHING that casts Obama Administration in a bad light...

talk about Mr. Negativity...

(and what about admission that any of this
was HANDED to Obama by Bush Co.)...nope,
THAT Christmas Miracle won't hatch...

so much easier for the Repos to run a slash
and burn and blame campaign on O and the Dems...

No kidding, Earthmuse. Matt is one strange webmaster. I look at his site, Fox, WSJ and others to see what conservatives are thinking, but he's freakin' obsessed with printing ANYTHING that makes a Democrat look bad. He's like the online version of Limbaugh, only more inclined toward the minutiae and gossip. His top story today is a screaming headline and photo of Karen Sebelius's eye? Laughable. I mean, ok, I see why somebody could do a 2-paragraph report on that, I guess, but that's the top story of the day?

Put on your "newsman" fedora, Matty Boy! Dig a little deeper into the eye scandal!

Matt Drudge rides waves of public opinion. When Bush was loved, it was all pro-Bush, but then when the Majority did not like him, it was all how bad things were with Bush. Now he feels the tide is against us and so he prints that. Remember, he is international thanks to the INTERNET and reports what will get him the most hits.

"Well that and ANYTHING that casts Obama Administration in a bad light..."

Spending like crazy when we are already broke isn't a small, inconsequential thing.

Acting like it is doesn't really speak negatively about the person you are criticizing. It makes you seem foolish.

"Well that and ANYTHING that casts Obama Administration in a bad light..."

That line is getting old. Maybe he needs to cast himself in a positive light so the Liberals can get onboard and quit crying about Fox News, Drudge and the 20% Republicans who obviously have the upper hand.

#18 and #19 - not buying either of your arguments. Matt Drudge is a right-wing automaton. Everybody was on Bush's case near the end of his term, including the right wing, who criticized him for not being right-wing enough.

When the Olympics chose Rio over Chicago, Matt Drudge ran a huge, red, all-caps headline screaming "THE EGO HAS LANDED / WORLD REJECTS OBAMA" and a photo of lightning striking that giant crucifix in Brazil. That's just childish - and typical of the way he presents the news.

I'm not defending Obama's spending. I worry about it too. But if the economy turned around tomorrow, and Obama brokered a peace treaty between Iran and Israel, cured cancer and walked on water, Matt Drudge would still be nitpicking some stupid shit about his administration and other Democrats. If you can't see that, you're not paying attention.

the only significant failed socialism in our economy is the trillions handed out to Wall Street fraudsters.

Greenspan, the most powerful Aynn Rand disciple ever, has admitted in front of country and Henry Waxman, that those assumptions that his 40 year career were based on are false. Markets do not function without regulation. In reality, there is no such thing as a free market. It is merely an idealized oversimplified model of reality.

As for the dollar. To the extent it is being destroyed it is because of the failure to regulate. It will see another day, amazingly foriegners are still buying treasuries because they lack the domestic markets to keep the shell game going. Our markets are shrinking, but still the biggest. They will continue to shrink until labor gets a new voice in Government.

How dare he be obsessed about the sinking of the U.S.!
He should join the bandwagon and praise Obama.

well the dollar is in for a another drop..The whole switching to the Euro for the Oil Bourse is what will be the final kick to the 'nads..

we will have an uptick in the value relative to the other currencies at some point, but that will hurt more than help.

A devalued dollar is actually GOOD for paying back what you borrowed at a higher value.

Paying back dollars with ones worth less.

Why shouldn't it bother you that our dollar is going down the toilet? We are owned by RED China!!!

We aren't owned by China....If our dollar sinks, their dollars sink too. China does not have the infrastructure to handle it's population on an industrialized level. Top that off with China's 5000 year historical record of being introverted. China will have more to worry about with China than with the US.

.....But Russia on the other hand scares me....We've treated them like shit and they have always been interested in other nations' resources because they have very little themselves.

Not to mention that the Russian population is very enthralled with the Hypernationalist Putinism and a very corrupt and oligarchial power structure.

"But if the economy turned around tomorrow, and Obama brokered a peace treaty between Iran and Israel, cured cancer and walked on water, Matt Drudge would still be nitpicking some stupid shit about his administration and other Democrats. If you can't see that, you're not paying attention."

Literally nobody can see that because it all happened in your imagination.

Referring to crtiicizing the spending as "nitpicking" indicates you're just a sycophant.

Go tell your Obama walking on water fantasies to someone else.

"Spending like crazy when we are already broke isn't a small, inconsequential thing."
And yet you never found a Report link questioning the spending and misspending in Iraq under Bush.

Funny that.

Reality and the right.....

Who's more obsessed - the guy linking to relevant news stories of the day, or the guy counting how many times he links to certain topics?

#10 | Posted by JOE at 2009-10-21 12:32 PM | Reply | Flag:

Noticing the OCD of others now mean one has OCD as well?

Hey ambulance-chaser, there's a new medical-lawsuit angle for you to exploit. Don't say I never gave you anything.

Honestly, I had no idea Matt was so powerful.

CommonDense, nobody said anything about OCD. But now that you bring it up, counting how many times something happens could be a sign of it. Just to be safe, go fuck yourself.

#27----Bocaink, Russia has a huge amount of natural resources e.q.-- 40%of the world's natural gas, 22% of the world's oil, and 16% of the world's coal. They supply a large amount of Eastern European natural gas and that's a huge threat since the blackmail possibilities are enourmous They're considered an energy superpower.

Although the dollar might rally here short-term, the dem's have 'cemented in' dollar armageddon. As usual they blame/attack the speaker, and can't address the issue, cause they have NOTHING to say!

Just to be safe, go fuck yourself.

#33 | Posted by JOE

You oughta relax, Joe. You're going to have a heart attack before you're 30. With any luck.

What's interesting is the deleveraging in the U.S. along with quantitative easing and money printing the likes of what we've never seen. There's a battle being waged between inflation and deflation and it will be interesting (to put it mildly) where it all ends. It's also interesting that the white house is now concerned about small business-- this is a tacit admission that the stimulus has not worked.

#29 | Posted by Sully at 2009-10-21 03:38 PM | Reply | Flag: Not paying attention

Excellent post matsop. I've been discussing this battle for years. The bond market is very worried about the economy and deflation. Such arguments are 'lost' on the dr left. They don't have a freakin clue what you are talking about.

Oh and the zero's 'speech' today. What a joke, it's as if he never listened to Volcher or William Isaac. Bill isaac makes the point (repeatedly) that as a bank either you shore up your balance sheet, or you make loans. YOU DON'T DO BOTH at the same time.

After the WH'S tarp blunders, NO GOOD SMALL bank will touch those tarp funds with a ten foot pole...or Obama's ever increasing long, nose

Oh and he's a link for dufus danni!!!!!!

He's talking to YOU danni!!!!!!

Is it possible the decline of the dollar is just a market and will cycle accordingly?

Why shouldn't it bother you that our dollar is going down the toilet? We are owned by RED China!!!

#26 | Posted by Sniper

Unfortunately this is the prevailing Economic acuity that dominates the right..

China owns debt not america..

As the saying goes..If you owe the bank 1000.00 the bank owns you..If you owe the bank a 1,000,000 you own the bank..

We own china..

What's interesting is the deleveraging in the U.S. along with quantitative easing and money printing the likes of what we've never seen. There's a battle being waged between inflation and deflation and it will be interesting (to put it mildly) where it all ends. It's also interesting that the white house is now concerned about small business-- this is a tacit admission that the stimulus has not worked.

#37 | Posted by matsop

Deflation is a huge worry right now..when you pit asset class devaluation versus dollar devaluation its really a lose lose scenario. the asset class devaluation would cream the wealthy. The WEALTHY WANT HYPERINFLATION..they fare better than the rest of us. deflation and asset class devaluation kills them..but..

You NEED dollar devaluation in order to form a sustainable base for future growth.

we currently have inflation in things we need(food fuel) and deflation in things we dont(cell phones, movies etc)

i live in china. the folks here are getting more aggresssive. i see it everyday. never used to feel any sense of danger walking down the street. now i am reluctant to go aout after 10 PM. alot more fights are to be seen in general. used to be just shouting. say a guy hitting another with the phone receiver the other day(cord attached and all).

nationalism is a dangerous drug. the handlers here ain't stupid. they know what the "FOX NEWS" effect is.

Legio, the "paper aristocrisy" want inflation since this is where they obtain their power--- It'll be interesting what happens with gold since if the rest of the world demands ultimately a new order of money control gold is sure to be a part of that equation. If that occurs it will break the back of central banks to a degree. Maybe then, we'll get back to focussing on the average guy/gal in this nation and that will be refreshing.

i live in china. the folks here are getting more aggresssive. i see it everyday.
Posted by visiter

Cool. Maybe you folks will get caught up in that shit and not call our marker in.

#39--- Thanks, Dave, I enjoy your posts along with others and it amazes me how some get what is happening from an economic standpoint-- I also feel sorry for others that don't understand where we're at and where we're going. I truely feel worried for this country's future. I've realized this has been coming for the last 15 years and it's the result of poor policy decisions from Washington, greed from Wallstreet and other parts of the country, and a disastrous federal reserve. Neither party has the right to dissolve themselves of their particular complicity in this mess.

Jesus christ, this is new? I've been reading about and watching the dollar decline for quite some time now. And what is the big deal, it's a fucking fact that the dollar has declined in value - maybe it's something we should be concerned about... before we print another 2 trillion or so.

Wisgod, that's pretty funny. Nobody should think that the U.S. is the only loser-- this whole globe balances on the precipice-- the difference is those folks have savings and we have debts to the point it'll be difficult servicing the interest.

#50---Chyess, 2 trillion?-- this is only the beginning---- as they say "you ain't seen nuttin yet."

I'll just say I'm happy with my purchase of silver when it was around $9-10 an ounce. And that wasn't too long ago.

Politco shows its stupidity and irrelevance with this article. Drudge is right to highlight the falling dollar as it means inflation and a drop in buying power for Americans. Any drop in the value of the dollar has nothing to do with Drudge and everything to do with the Fed counterfeiting money. The Fed added a trillion dollars to the money base from thin air -- it has no value! That degrades all the dollars that everyone has in their bank accounts and future paychecks.

The Fed's own statistics show the DRAMATIC INCREASE since the current recession.

A devalued dollar is actually GOOD for paying back what you borrowed at a higher value.

Paying back dollars with ones worth less.

#25 | Posted by Legio at 2009-10-21 02:39 PM

That's true. If I buy a 10 k car today and borrow the money at or near zero percent and the car goes up to 20 K next week I've done very well. 1 time, that is.

The can has reached the end of the road.

Why shouldn't it bother you that our dollar is going down the toilet? We are owned by RED China!!!

#26 | Posted by Sniper at 2009-10-21 02:51 PM

Don't worry, half of our population hates the idea of work. We'll pay them off with those persons.

But Russia on the other hand scares me....We've treated them like shit and they have always been interested in other nations' resources because they have very little themselves.

#27 | Posted by bocaink at 2009-10-21 02:58 PM Flag: Dumbass

But Russia on the other hand scares me....We've treated them like shit and they have always been interested in other nations' resources because they have very little themselves.

Yep. It is a very small country.

The plan is inflation in order to pay off monstrous debts with cheaper dollars-- As we're all aware, Milton Friedman, the renown "monetarist" taught the basic fact that "monetary inflation" ultimately leads to "price inflation"-- I wonder if in this environment that may not be the case. We all can agree that the fed is running the printing press like it has never done in the past. Ergo, inflation, right? However, the fly in the ointment is the incredible amount of personal debt in this country, the drop in individual net worth, and the high unemployment rate. If the consumer holds back on their spending and continue their increasing savings rate, there is such a thing as "money velocity"-- you can throw all the money you want at the economy, however, if the "money velocity" (transactions, money turnover, etc.) doesn't increase you shouldn't see the inflation everyone is expecting.

For the 18th time in the month of October, Matt Drudge has linked a story on the weakening dollar on the Drudge Report

Well Matt is gonna have to get his ass in motion if he wants to get close to as many weakening dollar stories on the Drudge Report as rcade has had Sarah Palin stories on the Drudge Retort this year

Works for me... a two hour drive and I can save at least 30% on just about anything even covering border taxes/fees/tariffs.

The can has reached the end of the road.

#55 | Posted by Washboard

No it hasn't, you have no idea what you are talking about.

We are in a period of deflation and when the stimulus falls off we will accelerate into a tailspin.. You will pray for inflation at that point.

The plan is inflation in order to pay off monstrous debts with cheaper dollars-- As we're all aware, Milton Friedman, the renown "monetarist" taught the basic fact that "monetary inflation" ultimately leads to "price inflation"-- I wonder if in this environment that may not be the case. We all can agree that the fed is running the printing press like it has never done in the past. Ergo, inflation, right? However, the fly in the ointment is the incredible amount of personal debt in this country, the drop in individual net worth, and the high unemployment rate. If the consumer holds back on their spending and continue their increasing savings rate, there is such a thing as "money velocity"-- you can throw all the money you want at the economy, however, if the "money velocity" (transactions, money turnover, etc.) doesn't increase you shouldn't see the inflation everyone is expecting.

#60 | Posted by matsop

they are trying to kickstart inflation.. too late.

Danni would disagree with you. She's pretty sure Raygun held a gun to everyone's head to get them to overspend beyond their means.

There was no gun. The Great Communicator communicated "deficits don't matter." The public believed it and decided a negative one percent savings rate was fiscally sound. Greenspan helped.

About that "gun" thing: Coercion by force is a less effective method of persuasion than seduction. Women tend to the babies their husband give them, but abort the ones put in them by rapists.

CommonDense, nobody said anything about OCD. But now that you bring it up, counting how many times something happens could be a sign of it. Just to be safe, go fuck yourself.

#33 | Posted by JOE at 2009-10-21 04:36 PM | Reply | Flag:

Awwwww...Sheister-Boy....you seem so tender these days.

You do realize that the 'O' in OCD is for 'obsessive', the root of which is 'obsess', no?

Remember that word.....'obsessed'? You should.....you brought it into the conversation.

Cheer up, I think I hear an ambulance siren in the distance...run along now and see if you can catch it.

Well Matt is gonna have to get his ass in motion if he wants to get close to as many weakening dollar stories on the Drudge Report as rcade has had Sarah Palin stories on the Drudge Retort this year.

18 stories in 20 days make it a 90% liklihood that Mat in the Hat (in the Closet) will post a declining dollar story to service his rtard agenda.

Has the Tort gone higher than 90% on Palin? EVAR?

You so FAIL at teh maths!

Be Well.

Per the rate this morning:

1 Euro = 1.5000 USD

This is fast approaching the peak of 15 July 2008 when the exchange was:

1 Euro = 1.5990 USD

The best the dollar has performed against the Euro was 26 October 2000:

1 Euro = 0.8252 USD

Note that these posted exchange rates do not include exchange fees or bank transaction add-ons.

For example:

To buy Euros from Wells Fargo today:

1 Euro = 1.5736 USD

Plus a $5.00 transaction fee if you are not a Wells Fargo member.

#66 | Posted by COMMONSENSE at 2009-10-22 04:01 AM

CommonDense,

Someone can be "obsessed" with something without having "obsessive compulsive disorder." Your ignorance is not my problem.

Some of my income comes from British pounds sterling. Over the years the conversion rate has varied from one pound equalling about $1.40(Clinton) to just over $2.00(Bush). About the only thing Bush ever did for me was produce that weak dollar. Currently it's about $1.62 per pound.

I doubt Drudge headlined the weak dollar during the Bush years but I wouldn't know because I avoid propaganda.

Today Matt is covering the decline in Republican manhood.

How dare he be obsessed about the sinking of the U.S.!
He should join the bandwagon and praise Obama.
#24 | POSTED BY KBM AT 2009-10-21 02:39 PM

Just wake up from your slumber?

Miss the last 8 years?

How about the last 4 decades of neoconservative economic policies?

That wasn't MONEY trickling down on American working folks.....eh?

How about the last 4 decades of neoconservative economic policies?

yawn.........

Abusive Flag for spamming.

Whooops, more trouble for the repugs, more good news for "regular" working Americans....

#74 | POSTED BY WOKE

that is a non starter..gotta read the numbers son..9.4% off the lowest levels in 50 years is not a "trend". Notice they downwardly revised the number for August to make the spread seem larger than it really should be..funny numbers.The average price was down 8.5% from a year ago to 174,900.

before you fire some partisan bullshit my way.. I'm not a republican..

goddammit!! why did you have to tell him that?

It is fun to watch him vomit his rage on anyone who disagrees with him.

Well, excuse me....LOL

I just find it refreshing to use American working people's tax money to help American working people, as opposed to filling the pockets of giant, global war/oil profiteering corporations at our country's expense......

Wrong thread idiot.

Legio wasn't making an argument about the stimulus.

Quit spamming. you are not up to it anyway.

btw

Despite protestations to the contrary, I am not a partisan either.

I just call the shots where they lie and I'm not gonna pretend the current economic and foreign policy crisises have been created by anyone other than the neoconservatives who have ruled those policies for the last 4 decades......

That wasn't money "trickling down" on working people's necks, my friends.....and while many dems went along with the bullying, iron fist mentality that pushed these failed policies thru, I'm not gonna pretend that Obama's to fault now, or that those neoconservatives didn't steer us into those disasters.

But, be my guest if you wish to pretend otherwise, just remember that failing to recognize the problem by visiting recent history will likely not cause a big change in direction in those disasters, especially when our economy is already off a cliff.

Woke, do you love that word "neoconservative" or what?

I love pointing out the fact that a cabal of war/oil corporations own and operate a group of "experts" who pontificate on msm and politicians who do their bidding....

Apparently, you are unaware of the fact that their "policies" have been controlling the US govt for 4 decades.

Google, leo strauss, grover norquist, and/or neoconservatives to educate yourself. Maybe then you will begin to see how many of the last regime were in nixon and reagan's criminal regimes...??

I'm trying to point out where the FAILED policies have originated that drove our economy and foreign policy off a cliff......in hopes people like you stop voting them into power so they can stay a tiny minority as they were during goldwater's defeat....the 20%rs...eh?

Someone can be "obsessed" with something without having "obsessive compulsive disorder." Your ignorance is not my problem.

#69 | Posted by joe at 2009-10-22 08:38 AM | Reply | Flag:

Yeah...with the only difference being one hasn't been officially diagnosed.

Well Matt is gonna have to get his ass in motion if he wants to get close to as many weakening dollar stories on the Drudge Report as rcade has had Sarah Palin stories on the Drudge Retort this year

What kind of bogus comparison is that? Drudge posted 18 dollar stories in one month, and you're talking about Palin stories over one year.

What kind of bogus comparison is that? Drudge posted 18 dollar stories in one month, and you're talking about Palin stories over one year.

#83 | Posted by rcade

Me sorry Wittle Wogers butt me no have yur fancie colludge edewkathun me ment Matt hav tew post az manie weakenin dolluhs storyies en a year me Englush berry bad

Saudi Petroleum Exports: $299.7 billion f.o.b. (2008 est.)

Russian Oil AND Natural gas Exports $233 billion (from Bank of Russia 2008)

Pretty small when you consider the size of Saudi Arabia.

Sorry....it's an old post but I know what I'm talking about...Russia would love to get more power

Bocaink, I'm sure Russia would love more power,but it's not because of their need for natural resources.They're considered an energy superpower-- see my earlier post #27. Internally, they're able to satisfy their own energy needs (unlike us).

Ha, Ha, ho, ho Matt drudge must getting under someone's skin, huh?

Well to the point of energy needs, we could internally satisfy ours if that was part of our agenda. As far as Russia's energy needs...most of the reserves are in places that are economically unfeasible to mine. Despite it's massive size, Russia is essentially landlocked, and southward migration has been it's growth strategy for centuries. Out of all of the potential rival countries of the US right now, Russia has been the country that has put the quest for more energy at the front burner...whether it be relations with Iran, or energy wars with the Eukraine and the Baltics...that's their form of nationalism right now. They want the kind of energy we consume and the kind of energy power that Saudi Arabia has. That is the core goal of Putinism. So maybe resource poor in a global sense, maybe not, but compared to what they are seeking to possess, yes not nearly enough.