Crisis + Danger = Obama’s Opportunity

Is the market tanking inevitable? Maybe, but President Obama is doing zip to help the recovery rhetorically. In fact, when he talks he talks incessantly about how much worse it’s getting and how this is a “crisis” he helps the markets down another 1000 points. Where one person sees an honest assessment, another person might see a strange desire to reinforce fear. Well, it’s strange if the results aren’t predictable: more government power. And that result is something patently obvious liberals, including their leader Barack Obama, passionately desire.

The Anchoress predicts the stock market will fall to 5000, maybe further. The Anchoress blames Obama while Roger Simon blames the media:

Of course I am not alone. Almost everyone is feeling this pain. Even, of course, the mainstream media, a large number of whom are losing their jobs and almost all of whom are seeing their savings vanish (unless they were smart enough to stay out of the market). But almost none of them are saying anything critical of Obama’s policies which, obviously, the stock market – conventionally the predictor of our economy – thinks are dead wrong.

Cognitive dissonance? Mental imbalance? Slavish idolatry? Or just plain inability to admit you made a mistake? You tell me. Meanwhile, the market goes lower and lower while the media continues its hosannas to BHO. I could just say it’s their futures, but it’s ours too, the selfish creeps.

Apropos of which, last Monday I was on the floor of the CME at the Chicago Board of Trade, interviewing for PJTV in the aftermath of the Santelli brouhaha. It was apparent there was no exaggeration: virtually every trader on the floor thought Obama’s bailouts were a recipe for economic disaster. And they are people who stake their livelihoods on it. We can be sure if they felt the other way, they’d be betting on it, no matter what their ideologies or political affiliations.

So, in the end, if things really go badly, I think it is the media that has led us into this, led the country to vote for an unprepared man with a self-destructive program. It will be interesting to see if they ever admit it.

Neo-Neocon says “Don’t say I didn’t warn you”:

Now read what Sullivan has to say two days later, on February 27. After an intro that lauds Obama’s tactical genius, he writes:

[A]fter presenting such a centrist, bi-partisan, moderate and personally trustworthy front, he gets to unveil a radical long-term agenda that really will soak the very rich and invest in the poor. Given the crisis, he has seized this moment for more radicalism than might have seemed possible only a couple of months ago.

Sullivan goes on to discuss whether Obama’s proposals will be successful or not; he’s still agnostic on that. But it is deeply troubling to me how Sullivan can describe the bait and switch tactic by which Obama won the election and yet ignore the fundamental indecency of such deceptiveness. And how can Obama claim the American people knew about his far liberal plans all the time, when they were purposely obscured and muffled by his centrist rhetoric? And is this not at variance with “personal trustworthiness?”

Because Moderates vote form not substance. The swing-voter votes on how they feel about a candidate. If they have good feelings, facts don’t matter.

Facts might matter if the stock market crashes.

Posted in Show Me The Money
Tags: Economy • Obama • Taxes