2) The businesses that buy advertising don't automatically have the money to increase advertising budgets in a 'slowing economy'.

When advertising budgets shrink, the remaining money will go to the cheaper media - businesses can reach a lot of people through Google Ads for relatively little money.

It only lost 60% of its value this year. If you think that isn't having a MAJOR impact on it you are on crack.

Fuck, I hate it when I'm on crack.

I think you meant stock valuation, not value. Google's earnings numbers haven't dropped for Q3, and I don't believe in the prescience of the market.

Are you similarly outraged when people speak of Texans or New Yorkers?

Yes and no.