Dept of "Gee, Ya Think?": Welcome to the Recession

They---i.e., those in charge of declarations---have at last declared a recession!  It's official!  Huzzah!  And to celebrate, and to ensure that there's plenty of shredded ticker-tape for the parade, the Dow plunged 680 points. 

(There had better be a parade, after they made us wait all this time.)

As The Heretik deadpans---click for satisfyingly mordant artwork---"it always feels better when official types feel what we have been feeling for awhile."

Or as Wonkette puts it, Your Dow Jones Falls Many Points After Investors Discover Some ‘Recession’ Thing.

The Dow Jones fell 679 points today, since it’s been a full six days since Paulson last introduced a new multi-hundred billion dollar loan or loan guarantee program, and everyone on Wall Street is a child: “The day’s news reminded investors, who last week were buying on a burst of optimism, that the economy is still in serious trouble. And at midday, Wall Street had confirmation of what everyone has suspected for months, that the nation is indeed in a recession.” They just wanted to be sure, for the 80th time, that the economy was indeed contracting, and then it was SELL SELL SELL.

Yeah, I've come to see the financial "geniuses" of Wall Street in a very different light during the last few months.  They are all bipolar, all bizarrely out of touch with reality, and all evidently participating in some sort of Children's Game.

Yet another delightful legacy of Bush and his administration---just one more little something to remember him by.  Dedurkheim:

Nothing says FAIL like...

"The Dow closes down about 680 points, as manufacturing hits a 26-year low and the U.S. is declared to be in a recession."

Or can we imagine worse?  Bush only has a matter of weeks left, dare we worry about what else he can mangle on his bumbling way out of office?

Surely not.  There ought to be some compensation for his being such a natural underachiever.

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