04 March 2009

Obama's Assualt On The Economy

The Wall Street Journal Reports:

As the Dow keeps dropping, the President is running out of people to blame.

As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.

The Democrats who now run Washington don't want to hear this, because they benefit from blaming all bad economic news on President Bush. And Mr. Obama has inherited an unusual recession deepened by credit problems, both of which will take time to climb out of. But it's also true that the economy has fallen far enough, and long enough, that much of the excess that led to recession is being worked off. . . . What goes down will come up -- unless destructive policies interfere with the sources of potential recovery.

Really? So raising taxes on corporations and the most productive Americans isn't good for the economy? And continually claiming that we are in the worst economic disaster since the great depression, conveniently forgetting the economic numbers produced during the Carter years, doesn't build consumer confidence?

In other news:

Overeating without exercise makes you fat.

Lack of sleep will make you tired.

Rotting corpses attract flies.


  1. Mark said...

    Before the election, I predicted Barack Obama would go down as the worst president this nation has ever known. My predition is coming true, but much faster than I had ever expected.


  2. Khaki Elephant said...

    We're not even to the 100 day mark and the guy spends more time in front of a teleprompter absorbing the adoration of the Obots than trying to learn what it is to lead free country.

    I tried to hope but I now believe you're right. He is on the path to turn our economy into a Euro-model wreck, which we've avoided for over 2 centuries. If he succeeds that will make him the worst president the nation has ever known.

    Thanks for stopping by, Mark!

  3. RightKlik said...

    Obama lied, the economy died.