On his radio show today, Rush Limbaugh tried to connect the positive gains in the Dow to Mark Halperin calling Obama kind of a dick on MSNBC’s Morning Joe.
Here is the audio via Media Matters:
Limbaugh said, “Well, you go on MSNBC, Mark Halperin went on the Scarborough show. You heard about this? You haven’t heard about this? Stock market loves it. The Dow Jones Industrial Average is up 145 points today because of this.” Limbaugh then played the audio Halperin calling Obama kind of a dick, and said, “Mark Halperin on MSNBC this morning on the Scarborough show. Everybody’s gigging this, folks. The Dow Jones Industrial Average is up. The NASDAQ is up 33. The DJI is up 145. The S&P is up 12. Everybody’s out there 143 now for the Dow Jones Industrial Average. Play it again. Everybody’s talking about it, because everybody thought the same thing.”
According to Rush Limbaugh, simply calling the President of the United States a dick caused the financial markets to go up. For a more reality based explanation of why the markets are up, we turn to the Globe Investor’s Market Blog,
Stocks remained sharply higher in midday trading on Thursday, with investors welcoming developments in the Greek debt crisis and a better-than-expected reading on business activity in the Chicago area.
The gains put both indexes on track to post their fourth consecutive day of gains, as earlier concerns about a potential default by Greece have given way to upbeat news – in particular, the passage of a Greek austerity budget and a response by German and French banks to roll over Greek bonds.
Financial markets aren’t moved by insults directed at the President of the United States. This may be hard for the boy in the radio bubble to believe, but many people regardless of ideology found Halperin’s comment inappropriate. It was disrespectful to the office of the presidency. It was inappropriate for morning show television, and it was an inappropriate editorial comment from a supposed mainstream media journalist.
The rest of Limbaugh’s six plus minute rant was more of the same old stuff. Limbaugh claiming that anyone who would have called George W. Bush a dick on television would have been praised as a hero. Limbaugh doing his poor me shtick while he was bemoaning the criticism he got for calling Obama a jackass. Limbaugh also showed his cleverness by using the word dick as many times as he could, Dick Nixon, Dick Cheney, Dick Obama etc.
Mark Halperin’s douchebaggery can’t move the financial markets. Limbaugh tried to turn this into Halperin speaking for America. An anti-Obama wave is sweeping the country, and it has even lifted the markets.
To those who pay attention, Mark Halperin has always been a righty trying to hide behind fake neutrality. Halperin didn’t speak for America. All he did today was out himself as another right wing Obama basher.
The only thing lamer than Halperin’s meaningless insult towards Obama was Rush Limbaugh trying to tie the market gains to his childish political “analysis.”
The markets are up because there is good news about Greece. That’s reality.
But in Limbaughland Mark Halperin’s words can move mountains or at least markets, and reality need never apply.