The Cody Word
  • November 12, 2008 04:28 PM EST by Cody Willard

    The Big 3: Stock Market ONLY Down 20%!, Stock Market ONLY Down 30%!, We Bring Good Welfare To Life

    Here’s what I was making up as I go along in my own head today:

    1. Stock Market ONLY Down 20%!

    2. Stock Market ONLY Down 30%!

    3. We Bring Good Welfare To Life

    1. The markets are now down 20% since your reps passed that bill the rich guys on Capitol Hill and Wall Street told us that if we’d give the guys who destroyed our economy twice as much money as we spend on Medicaid every year, then we’d stabilize the markets.

    2. Best Buy’s collapsed, CC is bankrupt and the markets are now down more than 30% since your reps did that stimulus package last spring. The one where they borrowed $160 billion from your grandchildren to send to voters to buy their votes and pretend that blindly giving middle-class and poor people your grandchildren’s money would stabilize the consumer.

    3. Headline of the day: “GE Wins FDIC Insurance for Up to $139 Billion in Debt”. I work for and run companies that compete against GE and maybe one of the reasons GE is struggling so badly is because we’re beating them fair and square in the market place. Why then does the government now step in and hurt me to help those losers at GE?

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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