...and already the Wall Street Journal and its amen corner at CNBC are blaming the market decline on him. Imagine, six weeks and he hasn't solved the worst financial crisis since the Great Depression. What is he waiting for? The Journal keeps referring to the "Obama Economy" and the crew at CNBC (Joe Kernan, Larry Kudlow, Michelle Caruso-Cabrera, Jim Cramer, Melissa Francis, Charlie Gasparino, and Rick Santelli are the main offenders) just won't cut him a break. I've ranted before about these characters but Francis went so far today as to say that every time Obama opens his mouth the market sells off. Clearly, Rush Limbaugh isn't the only jackass that wants the president to fail.
If you ask me, the reason the stock market has been breaking is that the economic fundamentals are horrible. Housing has yet to find a bottom since the bubble burst, several major banks are essentially insolvent, and companies have shed almost 2 million jobs in just the last three months. How could this possibly be Obama's fault? This crisis was years in the making. I wouldn't even blame Bush and I think he was one of the worst presidents in the modern era. Could Obama's critics be just a little biased? Here's how you can tell: if the economy recovers at all in the next four years take note of how many of these ideologues give Obama any credit. Can you imagine seeing a story in the Journal about the "Obama Recovery?" I can almost guarantee that you never will.
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