Amid report banks could crumble, LA Times owner says economy strong

[robertpaulsen]

Source: Raw Story

Amid report banks could crumble, LA Times owner says economy strong
RAW STORY
Published: Wednesday February 27, 2008

Blames Clinton, Obama for describing situation as bad

The billionaire investor who recently purchased Tribune Co., the parent firm of the Los Angeles Times and the Chicago Tribune, described the economy as solid for farmers, credit companies and CEOs with strong balance sheets in a CNBC interview Tuesday -- right on the heels of several falling economic indicators.

Sam Zell, the equity fund titan who owns Tribune, ironically has struggled to maintain control over his own paper. The LA Times fired its top editor in January after he rejected a Tribune order to cut $4 million from the newsroom, one year after his predecessor was fired for the same thing.

Zell also blamed Democratic presidential candidates Hillary Clinton and Barack Obama for "much of the current economic troubles."

The US economy will avoid recession as the housing market begins to recover this spring, according to billionaire investor Sam Zell.

Read more: http://rawstory.com/news/2008/Amid_report_banks_could_crumble_LA_0227.html

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Hmmm... and LA Times just came out with poll results that McCain is beating both Clinton AND Obama. Riiight!

[SpiralHawk]

1. "Don't believe your own lying eyes. Smirk." - Republicon homelander propagandists

"Ignorance is Strength." - Republicon Homelander cronies & propagandists

[phantom power]

2. The tree is rotting from the inside out....

but as long as there's still a layer of bark on the outside, the cheerleaders will keep cheering.

[sakabatou]

3. Up is down

Ignorance is strength

[redqueen]

4. He's blaming the dem candidates? SERIOUSLY?

:rofl:

Oh. my. GAWD!

What lies WON'T the mindless puke electorate buy from this crowd?

[robertpaulsen]

6. I would nominate this tool for this week's top 10 conservative idiots.

His mind must be frozen in some kind of Orwellian Oppositeland. :)

[Beausoleil]

8. Here's the reasoning:

The economy is just fine as long as people keep spending. When Clinton and Obama badmouth the great economy, people get depressed and stop spending. So if nobody says anything bad about the economy, everybody will keep spending and everything will be fine.

It's all psychological, not a bad economy.

:silly:

[redqueen]

11. Hah... that's a laugh.

I suppose their comments somehow traveled back in time and caused all those sub-prime mortgages to be 'too risky' instead of 'okily dokily!'

:crazy:

[Hugin]

12. Time traveling comments...

It's too bad they stopped making new episodes of "The Twilight Zone". That'd be a good one. ;)

[Beausoleil]

17. Now I don't know their answer to that

it's unfair to ask people like that to string two "logical" thoughts together.

[redqueen]

19. Nah, it makes for some pretty good entertainment...

depending on your tolerance for stupidity. :D

[Nay]

14. Yep, it's the Dems' fault, even BEFORE they get into office! That

must be the latest blast fax from the RW think tanks! Ya know, I'm ready to move to Canada even tho I'm not retired yet.

[redqueen]

15. Hah... "Right wing think tank" - talk about an oxymoron!

I'm ready to move to Canada or Ireland... or anywhere in the UK.

[bemildred]

5. Well, now I understand why the paper's going downhill again. nt

[truthisfreedom]

7. Must be trying to help raise funds for 'thugs. Print is dead, buddy.

You're an idiot.

[robertpaulsen]

9. So much for the "liberal media bias" meme!

:rofl:

[coalition_unwilling]

10. The "LA TImes" is a corporate whore -n/t

[Deja Q]

13. What did Clinton and Obama personally do to make the housing mess?! Oh, that's grand...

[fujiyama]

16. No wonder the two papers suck so much

Didn't the LA Times get purchased by him recently? They're quality has REALLY gone to hell recently.

[fascisthunter]

18. Zell, Articulate Your COnclusion as to HOW the Economy can be blamed on any Candidate

Another shitty businessman looking for a cop-out!

Do you greedy fuckheads ever take responsibility for your own failures? Maybe that's the number one reason old time conservatives (fiscal, not political-cultural) always tauted the virtue of responsibility. If you payed attention you'd aim for that virtue yourself, you failure.