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Hear that sucking sound? that’s the stock market, continuing it’s downward spiral toward the drain. The 400-point drop is bad news for all major worldwide economies, they’re not happy. According to CNN “Deutsche Bank downgraded its economic forecast for China, saying that a slowdown or recession in the U.S. or European economies would be ‘the single most important shock to the Chinese economy,’ and could slow the nation’s GDP growth to 7%.”

Meanwhile, President Obama is headed to Martha’s Vineyard to decompress, regroup, and hopefully return with some kind of plan to dig us out of this hole before it’s too late.

Speaking of troubled politicians, Rick Perry needs medication. His campaign is off to a slam-bang start, but not in a good way. First he insults Ben Bernanke in such a baseless and egregious way even his own supporters backed away slowly from his comments and attack. As a follow-up act he suggested to the Washington Post that scientists are faking research and making up data to show global climate change is occurring when it really isn’t just so they can get federal grant money. Yow-eee.

How do you top that? Maybe with a claim yesterday that there are holes in the Theory of Evolution. According to USA TODAY, “The Texas governor was responding to a question from a little boy in New Hampshire, who was prompted by his mother to ask the Republican candidate about the age of the Earth and evolution. ‘I hear your mom was asking about evolution,’ Perry said today. ‘That’s a theory that is out there — and it’s got some gaps in it.’ Perry then told the boy: ‘In Texas, we teach both creationism and evolution. I figure you’re smart enough to figure out which one is right.’”

Obviously, Perry isn’t smarter than a 5th grader.

And how do we welcome foreign exchange students who’ve come to America to participate in a student-visa program? We enslave them in a chocolate factory, then threaten them with deportation and arrest if they try to organize a union. Gotta hear this story to believe it, Truthseekers. This ain’t no Roald Dahl tall tale.

What is our children learning, indeed.

And it is Friday so we’ll play political podcast trivia! One Truthseeker with the correct answer to tonight’s question will win a FREE year’s subscription to the premium Malloycasts! Listen at 9PM ET and call 877-996-2556!

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We received an email over the weekend from a faithful listener who loves the program, but is starting to worry that Mike might be a “right wing plant” because of Mike’s analysis of the debt-ceiling crisis and President Obama’s handling of the situation (as well as Mike’s criticisms of Obama’s “liberal” policies in general). As variations of this argument are floating around the Internet it seems appropriate to give some thought and analysis to the emailer’s position. Here’s a portion of what he wrote, all emphasis his:

You don’t REALLY understand what’s going on here…Everyone is trashing Obama for putting the $4-trillion deal on the table, BUT HE KNEW THE REPUBLICANS WOULD REJECT IT! HE HAD NO INTENTION OF EVER SIGNING THAT, EVEN IF IT PASSED, WHICH HE KNEW WAS IMPOSSIBLE! THAT’S WHY HE SAID “NOTHING IS AGREED TO, UNTIL EVERYTHING IS AGREED TO.” HE KNEW IT WOULD NOT FLY WITH THE MORONS WHO SIGNED THAT NO-TAX PLEDGE. THERE IS NO WAY ANY BILL WITH TAX REVENUE INCREASES WOULD HAVE PASSED THIS CONGRESS, HE KNEW THAT, THAT’S WHAT HE WAS DEALING WITH.

So what did he do? He championed a bill that cuts SOME spending, but NOT medicare, medicaid or social security from recipients!!! You say he didn’t get any revenue increases?!!! JESUS HIMSELF couldn’t get revenue increase out of this congress!! So Obama sets up this “Super Committee” to “find” $1.5-trillion in reduction, but he KNOWS they will FAIL to agree on anything, and what will happen then? A trigger, a.k.a. “a brilliant end-run around Congress” kicks in and $1.2-TRILLION will be shaved, $600-BILLION from Defense!!! Nothing from ss, medicare, medicaid…

Then what will happen in January, 2013? C’mon, do you know?

Answer: The Bush Tax Cuts sunset if Obama does NOTHING and $3.5-trillion flow into the US Treasury.

Obama’s chess game this past month has exposed not only the Tea Party but also the Republican Party as only representing the top 1% (why else would they say “no” to $3-trillion in spending cuts? Because $1-trillion of tax revenue increases on the wealthy were in there).

So in November, 2012, Democrats will win the House back, keep the Senate, Obama wins in a landslide, and then what happens… two conservative Supreme Court Justices retire, and . . .we will have won.

I know you’re smart enough that one day you’ll understand what a brilliant president you have. So stop bashing him if you don’t understand what he’s doing.

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Slip-Sliding Away

Game Over