Suddenly Alot of Doom & Gloom from the MSM. What Gives?


Just a smattering of miscellany from the world of economics and business:

– Chicago businessman Sam Zell:  we’re going back into recession and it’s Obama’s fault.

A compounding lack of confidence in the future has kept American companies from investing in their businesses and is leading the country back into recession, real estate mogul Sam Zell told CNBC.  The CEO of Equity Group Investments, which holds multiple publicly traded companies primarily in the real estate space, said a lack of leadership in Washington is keeping the $2 trillion or so of cash on company balance sheets on the sidelines.

– Bond King Bill Gross:  US is a debt addict on “budgetary crystal meth.”

Stocks and bonds will be virtually worthless and gold and hard assets will be the only investments worth having unless the U.S. tames its addiction to debt and deficits, Pimco’s Bill Gross said Tuesday.

– Rich people (and when I say “rich” I mean those out-of-touch plutocrats that make $250,000 or more [so basically, my plumber and my heating guy]) are headed back into the bunker if Obama is re-elected.

The latest Mendelsohn Affluent Barometer showed that 43 percent of the $250,000-plus earners would spend more if Romney is elected. Only 18 percent of them would spend more if President Barack Obama is re-elected.

This is alot of doom and gloom, and from a media outfit that has been proven to be in the tank for Obama (or at least very convincingly argued to be in the tank for Obama).  What does this say.  Is the MSM giving up on their wounded horse?

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  • $8194357

    Under the bus they go?
    One after another for the “greater good” and agendas of
    Americas soon comming collapse?
    A $35 million dollar Hawian retreat as a pat on the dhimmi lap dogs
    head for a job well done..

  • mikemc1970

    Maybe they are expecting a revised uptick in GDP by 0.25% to 1.5% then they can play it off as an unexpected windfall and that Obama economy recovery is full steam ahead.

  • mickey_moussaoui

    More layoffs coming soon. Obama sold the “new normal” theme and no one likes it.
    Get your obamaphone while they’re hot

    • $8194357

      Norminalization for the leftist is stage four of communist deconstruction…
      Means the folks are getting used to the states boot on the neck…

  • $8194357

    This should bring about alot of doom and gloom as well IMO…

  • Random Passerby

    Pretty simple to me:
    They are laying the foundations for the New Narrative juuust in case Romney mops the floor in the debates and “unexpectedly” wins the election.
    Then they will start pounding on things being worse

    • $8194357

      Looks like a 10X
      after round one..

  • Spartacus

    October surprise for the Obama sycophants, the MSM has known Krugman is a fraud all along but you idiots justified ad revenues for the past 3 years, now it’s time to get back to reality. Enjoy, kiddies!

    • Spartacus

      ^ well… it’s a nice fantasy, anyway…

  • Jay W.

    They’re just taking their cue from Joe Biden:

    Vice President Joe Biden, no stranger to gaffes, said Tuesday at a campaign event in Charlotte, N.C., that the middle class has “been buried the last four years.”

  • SigFan

    Maybe they’re finally recognizing that their Messiah is turning out to be a Pied Piper. More likely though that they’re just playing a CYA game.

  • $8194357

    After the debate tonight?
    The January 2013 closing date
    on the $35 million dollar Hawian estate
    looks like it is the right thing for the Boy King…