Misleading Reports by Dow Jones Newswires Killed 2 Day Rally on the Dow

Source: blogywoodbabes.blogspot.com

Talk about a total disappointment and damn bias... This just shows how far the American "mainstream" media will go to get Obama elected. The Dow moved over 400 points down in about 5 minutes into the close. And it seems that the sell-off was caused by a false reporting by a leading newswire service. General Electric investors were shocked late in the trading day when reports began circulating that the conglomerate’s chief executive said the company was looking to maintain its 2009 profit at 2008 levels, giving the entire stock market a kick in the teeth just as trading was ending for the day. This is not easy to sort out, but most traders put the bulk of the blame for the sell-off on purported comments from General Electric's chief executive. After about 18 minutes after the close of the market it came to light that the DJ Newswires' shocking story was completely phony.


But the false report was already broadcast on CNN, Bloomberg and CNBC at about 3:45 which was 15 minutes before the markets closed in New York. However, General Electric's CNBC network later said the comments attributed to Jeffrey R. Immelt were taken out of context, apparently from the response to a hypothetical question posed at a dinner in Madrid... GE Corporate Communications has responded to the Dow Jones Newswires' false reporting by saying that Mr. Immelt's comments were not only taken out of context, but he is not making any new forecasts. The statements were not new, so this breaking news report may have been a dirty ploy to end the rally in the stock market which would help Obama.

We have seen a recent gain in McCain's poll numbers that some are correlating to the gain in the stock market. The inaccurate report by Dow Jones Newswires ended one of the greatest 2 rallies in the history of the of the US stock market. The Dow ended the day about 75 points lower at 8,990.96 as a result of bias journalism by Chris Sanders and the Dow Jones news service.

The comments by GE's chief executive were made to Dow Jones Newswires but were misquoted late today. Dow Jones Newswires has some explaining to do (Reporting by Chris Sanders; Editing by Jan Paschal) and this incident needs to be investigated by the SEC.

A spokesman for General Electric
Co said on Wednesday that a Dow Jones report quoting Chief
Executive Jeff Immelt as forecasting flat profit in 2009 was
“completely out of context and inaccurate.”

Immelt’s comments, made at a business group dinner in
Madrid, Spain, were a response to a hypothetical question about how to
motivate managers during a time of financial crisis, said
Russell Wilkerson, a GE spokesman.

“There was no forecast, no guidance given here,” Wilkerson
told Reuters in a phone Plumbers in Sydney - 23 interview.

The Dow was up by well over 200 points and drop to under -200 in just about 5 minutes when the inaccurate news hit the business news channels. The last 15 minutes of trading was insane. To cause a move in the market of more than 400 points with false news is a scandal. The 400 point drop is about $600 billion lost to the markets.

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Vice Presidential Debate Moderator Gwen Ifill Accused of Obama Bias

Source: blogywoodbabes.blogspot.com

Tonight Gwen Ifill will moderate the Vice Presidential debate, but there’s a big problem. It has been revealed that Ifill is writing a glowing book about Barack Hussein Obama, called The Breakthrough: Politics and Race in the Age of Obama, which is set to go on sale on the new President’s inauguration day. Ifill has declined offers for her to withdraw from moderating the debate, despite the fact she has a financial interest in Obama’s success, and the obvious ethical conflict of interest. How dumb is the McCain Campaign to allow an Obama supporter to moderate the Only Vice Presidential debate?

Gwen Ifill appeared on Meet the Press, and said she would not appear on the Don Imus show after he made alleged racist comments. Ifill even heavily criticized her colleagues for appearing on Imus, calling their appearance unethical, and a conflict of interest. Ifill should know, because she is guilty of the same behavior.

Like Oprah, Ifill is putting her race and possible financial gain before all other interests. It’s just too bad she doesn’t practice what she preaches, but I’m sure she won’t lose any sleep, because she is not doing anything different than her liberal media peers are. I just hope her book makes millions and Obama take all of her profits in taxes. They can all suck my cock if they think I am going to pay Obama's tax increases so he can give his supports more welfare. Below are videos of the so-called journalist/moderator and prove of her bias.

Controversy swirled over vice presidential debate moderator Gwen Ifill one day before the face-off between Gov. Sarah Palin and Sen. Joe Biden, after new scrutiny was drawn to her upcoming book featuring Barack Obama.

In stories published Wednesday on NationalReview.com and WorldNetDaily's Web site, commentators noted that "Breakthrough: Politics and Race in the Age of Obama" -- first announced several months ago -- is slated to be released around the inauguration of the next president in January 2009.

"...as if we needed any further evidence of a jaw-dropping double standard, we have to contemplate the sheer impossibility that someone who wrote a positive biography of [John] McCain being chosen to moderate a debate," wrote NationalReview.com's Jim Geraghty on Wednesday.

The book, published by Doubleday, has not yet been released to critics or the public.

In the book, Ifill takes a look at the black political movement's beginnings during the Civil Rights movement that gave way "to a generation of men and women who are the direct beneficiaries of the struggles of the 1960s," according to Amazon.com.

Ifill discussed the book in a interview with The Washington Post on September 4, well before the Commission on Presidential Debates announced the debate moderators.

John McCain has had his complaints about the media this campaign, but says he trusts Gwen Ifill to do a fair job moderating Thursday night's vice presidential debate with running mate Sarah Palin and rival Joe Biden.

"I think Gwen Ifill is a professional and I think she will do a totally objective job because she is a highly respected professional," McCain told Fox News in an interview. "Does this help...if she has written a book that's favorable to Senator Obama? probably not. But I have confidence that Gewn Ifill will do a professional job."

McCain was responding to complaints from some conservative bloggers that Ifill cannot be fair and will slant the debate to help the Obama-Biden ticket. They note that she has a book coming out on Inauguration Day entitled, "The breakthrough: Politics and Race in the Age of Obama," a book they say will sell better if Obama is the new president.

"She's so far in the tank for the Democrat presidential candidate, her oxygen delivery line is running out," said blogger Michelle Malkin.

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