Obsession

Sebaceous Puss has this incredible masturbatory obsession with the Gannett Stock Price.  Why?  Because of his absolute hatred for the Daily Times, and his wholly unjustified belief that he is crushing the Daily Times.  Of course, if the Daily Times -- a wholly insignificant paper long before Sebaceous Puss even located to his compound in Southwest Delaware -- were a McClatchey paper, or a Tribune paper, or a Times Co. paper, the Puss would certainly be obsessed with the closing prices of those stocks as well.  But since The Puss has this obsession with all things Daily Times, he ignores a lot of "bigger pictures".

Like the fact that the combined stock price of the Big Three Automakers at today's close -- who collectively employ about 15 times the number American workers than Gannett ever will -- is $5.12 (DaimlerChrysler is no longer publicly traded).  That is $2.20 for Ford and $2.92 a share for GM.  If you want to obsess oer stock prices, then you perhaps you should look at an industry that employs more people -- directly and indirectly -- than the ENTIRE news media (print, tv, and radio) combined.

Or the fact that the "Big Three" are heading to Washington, with hat in hand, to beg borrow and steal at least $25 billion in bridge loans so they can continue to (in order) a) build products Americans don't want to buy, b) pay more people not to work than do (FORD), and pay more in health benefits to retirees than they do to current workers.

Funny how Gannett, McClatchey, Tribune, etc. aren't doing the same, despite similar performance issues in their own industries and businesses.

So what's my point?  Over at SebacousPussNews.com, you get obsessions that equal only a dog with a bone (and sometimes, you get the dog with the bone, too).  You don't get any intelligent insight into what declining stock values mean. For instance, declining stock prices for companies like GM mean an inability to issue new debt vehicles that can be used finance daily operations -- meaning they are burning through $2.5 billion in cash per month.  That puts -- at minimum -- 2.5 million workers at risk.

Because, its not just GM that it impacts.  Its Allison Transmissions in White Marsh, MD.  And door panel suppliers in Jefferson, Ohio.  Jefferson will lose 180 jobs later this year, killing that town's biggest industry.  It's hundreds of parts plants. And steel makers.  And glass companies.  It's Goodyear and Bridgestone and Firestone.  It's dealerships, and the companies that supply them -- your local office supply companies, car detailing firms, Delmarva Power, auto parts stores like NAPA, and so on.

At nine dollars and change, Gannett isn't about to be listed.  At $2.20 and $2.92, Ford and GM are pretty close.

But you don't hear about that because it is the obsessions that matter at SebaceousPussNews.com.

So remember that the next time you claim that site is a "news leader" on DelMarVa.