Skip to comments.Is Obama responsible for Wall Street's meltdown?
Posted on 03/06/2009 12:16:21 PM PST by jdfromny
March 5, 2009 | Is Obama responsible for the meltdown of the Dow? The consistently wrongheaded Wall Street Journal's editorial page says so, as does Republican Fox News, CNN's reliably demagogic Lou Dobbs, and now CNBC (where, full disclosure, I frequently appear as a token liberal). CNBC's Jim Cramer, who bloviates nightly about stock picks, says Obama is pushing a "radical agenda" that's destroying investors' wealth. My friend Larry Kudlow, who rants nightly about nearly everything, says Obama is destroying capitalism. CNBC reporter Rick Santelli's ballistic nonsense about Obama's mortgage plan made him a pop-populist icon for a week or so.
(Excerpt) Read more at salon.com ...
"See, it's you capitalists that are destroying everything. We socialists only build. And we never incite. And we never lie. And we never cheat on our taxes...."
I don’t think this administration in into that old “The Buck Stops Here” thing. “We’re Communists! It can’t be OUR fault!”
Obama inherited nothing. He WAS part of Congress while all this was building up. He voted for all the spending that lead to the deficit. Now he likes to pretend he inherited 1 trillion deficit and all the problems from Bush
So Reich discredits everyone who blames Obama for the meltdown because they are from this or that angle (both left and right—Cramer’s left-oriented on most issues). So why doesn’t Reich announce himself as “former Clintoon left-wing apologist”?
Reich comes up short, both physically and in logic!
This is encouraging. Look at his list and it’s growing. Cramer was on the Today Show. This is hitting the MSM and getting legs.
0bama’s DNR order on the economy will cause more people to rely on gubmint. This has been his plan all along. If someone could hack into his teleprompter this could fixed this without him even knowing.
Yes he is.
The ‘Progressive’ platform united in hate.
It’s always someone else’s fault.
So Reich is back working for the govt I see (”Professor” at Berkeley)....
He should be scared of whitey getting pissed. When that sleeping American giant is up and angry, entire nations and cultures disappear in blood and fire.
Ask the Germans, Italians, Japanese, and Amerindians.
Let’s not forget Nancy, Harry, Chris, and Bawney ... to name a few.
Oh my....laughing so hard I got tears in my eyes.
Robert sure does have alot of pent up hatred for mainstream America - a lifetime of pent up rage over endless jokes about a guy’s diminutive stature will do that, I guess.
I like that idea!
That is a great idea! :-)
You hit the nail on the head. obozo then adds a trillion or two to the budget deficit like rahmbo indicated earlier that it’s built up spending that never got authorization until obozo was elected.
Is Obama responsible?
Him along with Pelosi, Reid, Soros, and a few others.