Monday, November 08, 2004

Strange Bedfellows

Just like the peccadilloes of Bill Clinton were a Godsend to Rush Limbaugh's ratings - the re-election of George W. Bush seems to be a boon to the stock price of the New York Times.

Consider that even while they print stories that seem to be begging for an "act of God" (i.e. assassination) to rid the country of Bush - their stock price has gone up every single day since the election:

Nov. 2nd - $40.06 per share
Nov. 3rd - $40.63 per share
Nov. 4th - $40.99 per share
Nov. 5th - $41.16 per share
Nov. 8th - $41.45 per share

By the end of Clinton's first term - listeners to Rush's program were derided as "ditto heads" - is it at the point were readers of the Times can be derided as "moonbats" ready to grasp at any theory that makes them feel comfortable in their perceived superiority?

Many readers of the Times like to believe that the more educated a person is - the less likely they are to be Republican but the fact is (according to Gallup) the more educated the voter - the more likely they were to vote for Bush. 58% of college graduates voted for Bush this year along with 56% of the voters who had "some college". I guess the more educated a person - the less likely they are to buy into the spin of the New York Times (sort of like Pravda in the former USSR - only the facts that fit).

In any case, the credibility of the New York Times may be shot (at least among the educated) - but their stock seems to be doing OK (that doesn't mean they won't continue to editorialize about a rotten economy).

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