Did I Hear That Right?

The White House on Friday dismissed suggestions that U.S. markets would be suspended so international financial rules could be rewritten amid the turmoil that has gripped markets worldwide.

Said White House spokesman Tony Fratto:

There are absolutely no plans or discussions to interfere with the functioning of markets in the United States.

Huh?

The interference by this White House in U. S. Markets has been huge, unparallelled in history, and devastating. Almost 3 trillion taxpayer dollars has been tossed into the twin sink holes known as Wall Street and the banking industry - to no effect - while we all watch disaster unfold on a daily basis.

What Tony Fratto should have said was:

There are absolutely no NEW plans or discussions to interfere with the functioning of markets in the United States.

He could have easily added:

We have run out of ideas, even bad ones. And if the truth be known, we had zero good ideas to begin with. The only way we could make things worse is to call an air strike down on Wall Street, and as far as the average 401-k style investor goes, that may be the best idea so far.

He didn't say that, but if he were an honest man, that's what he would have said.

Forget anything Fratto says... he is the mouthpiece of a fool.