Will the Dow hit 5,000? – UPDATES

So, the Dow has now fallen, below 7,000 – declining to its lowest levels since 1997.

A week or so ago Chris Matthews, in a rare moment of Obama-doubt, wondered,

“I thought 8,000 was the floor, and it looks like 6,000 is the floor. People are angry, I’m getting angry.

So far, Treasury Secretary Tim Geithner – the “indispensible man” who was “the only one” equipped to handle our economic crisis – has been less-than-reassuring.

My prediction: the Dow is going to go down to 6,000 and then gallop near to 5,000. Whether it crashes there or the markets and consumers will be able to pull the reins and prevent it is anyone’s guess.

The president seems wholly untroubled by any of this and is happily continuing on toward the creation of “one world” with a global “new deal” on his mind. The swiftness with which he is accruing and consolidating power is breathtaking, and most people don’t even realize he’s doing it.

That is one master of the game, America has elected. Bill Clinton wouldn’t be worthy to tie his sandals.

Oh. Reporters are staring to think it might be time to panic. Is this the narrative they really want? Get people panicking even more? Or maybe people will just laugh at the press and say, “now you’re figuring it out?”

Meanwhile, my Li’l Bro Thom just took a look at his retirement funding and he’s sounding pretty depressed.

I’m not even going to bother looking at ours.

Information about the Cure for Poverty.

UPDATE I: Neoneocon looks at the Revelation of Obama and wonders if it is too late. For anything.

Roger L. Simon, meanwhile, wonders if the media are mentally ill

UPDATE II: It’s actually pointless to mention this, but I will, anyway. If George W. Bush were hosting weekly parties and conga lines in the White House while this exact same situation were going on, the press would be mouth-frothing in hysterics and the Dems would be calling him “insensitive” and “mentally ill” and demanding his impeachment.

This is a day that calls for some mindless, depression-era, feel-good madcap escapism: