President Barack Obama is thumping his chest today because the House and Senate passed one of his Bills.

The House and Senate are thumping their collective chests because they are taking bailout money back from the distressed companies they lent it to. Never mind that they approved the loans (and, how it was deployed).

Wall-Street is thumping it’s chest because it thinks (or, perhaps it has decided) the recession is close to bottoming-out.

Corporate America, in general, is thumping it’s chest because recent layoff’s have inspired analysts to value certain stocks back up – which brings us back to Wall Street.

However, I will stop (the chest thumping part) it there because it’s always going to be about Wall Street. It’s where our fortunes are made and lost, and where we put our hopes and gauge the country’s health (sooo much more on that before, and later).

The last few months, our morally bereft reprehensible ill conceived (dammit) irrational irresponsible media has driven down the American people’s collective moral with insidious stories based on poorly researched and one-sided viewpoints. Remember when “Kramer” (not his real name, we need to be careful about these things [but, it’s actually Cramer]) was trashing Apple on Mortgage news? And people fell for it? Then he probably bought it (or, his cousin Vinny bought it), and without any real rationale, began to tout it again.

Example:

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“You can’t create yourself an impression that a stock is down, but you do it anyway because the SEC doesn’t understand it … Apple’s very important to spread the rumor that both Verizon and AT&T have decided they don’t like the phone … You also want to spread the rumor that it’s not going to be ready for Macworld. And this is very easy because the people who write about Apple want that story, and you can claim that it’s credible because you spoke to someone at Apple, ’cause Apple doesn’t … they’re not going to comment … So it’s really an ideal short. And again if I were short Apple, I’d pick up the phone and I’d do that today.”

[…]

However… Apple has snuck crept lunged back up to $115 today.

So…

Americans don’t tolerate lack of progress for long.

Remember in the months to come, that I put it precisely that way. In fact, mark your calendars and come back and review this post in about three months. And, then watch what I discuss in the next few months.

Hopefully that white van does not catch up with me (remember I said that too – for Joanne and the sake of insurance money).

We have stopped paying attention to the media (for now) and have become focused, once again, on the kool-aid.

This is a good thing, and a bad thing. I suppose we make out stand here.

There is going to be a bump or two so Wall Street can rape and pillage a few straggling citizens (apparently with the help of select Congressmen and Senators [oh, and apparently Cramer]). But, we are probably back on the road to world domination – and, just in time for summer holiday and sales at the mall.

My apologies to the Wall Street Journal (in advance) for stealing their thunder. They can fight me behind the public library if they are upset.

Peace be to my Brothers and Sisters.

Brian Patrick Cork