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Is Obama responsible for Wall Street's meltdown?
Salon ^ | 3/5/09 | ('LIl) Bob Reich

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 ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bho44; bhodjia; bhoeconomy; zeronomics
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Obama is responsible for nothing?...

"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...."

1 posted on 03/06/2009 12:16:22 PM PST by jdfromny
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2 posted on 03/06/2009 12:17:27 PM PST by evets (beer)
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To: jdfromny

I don’t think this administration in into that old “The Buck Stops Here” thing. “We’re Communists! It can’t be OUR fault!”


3 posted on 03/06/2009 12:18:20 PM PST by FlingWingFlyer (Just being a "U.S. citizen" does not make one an American.)
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To: jdfromny

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


4 posted on 03/06/2009 12:19:04 PM PST by 4rcane
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To: jdfromny

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”?


5 posted on 03/06/2009 12:19:42 PM PST by Houghton M.
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To: jdfromny

Reich comes up short, both physically and in logic!


6 posted on 03/06/2009 12:20:07 PM PST by pikachu (Don't be dumb -- we have Democrats for that)
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To: jdfromny
Lil Robby is living on Fantasy Island.


7 posted on 03/06/2009 12:20:08 PM PST by 50mm (My respect for zero has reached zero)
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To: jdfromny

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.

Very encouraging.


8 posted on 03/06/2009 12:20:53 PM PST by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: jdfromny

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.


9 posted on 03/06/2009 12:20:59 PM PST by ConservaTexan (February 6, 1911)
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To: jdfromny

Yes he is.


10 posted on 03/06/2009 12:21:43 PM PST by <1/1,000,000th%
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To: Houghton M.

The ‘Progressive’ platform united in hate.
It’s always someone else’s fault.


11 posted on 03/06/2009 12:21:48 PM PST by griswold3 (a good story is more compelling than the search for truth)
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To: jdfromny

So Reich is back working for the govt I see (”Professor” at Berkeley)....


12 posted on 03/06/2009 12:21:57 PM PST by NativeNewYorker (Freepin' Jew Boy)
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To: jdfromny
Robert Reich is afraid of whitey uprising...

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.

13 posted on 03/06/2009 12:22:09 PM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: jdfromny

Let’s not forget Nancy, Harry, Chris, and Bawney ... to name a few.


14 posted on 03/06/2009 12:22:10 PM PST by NonValueAdded (May God save America from its government; this is no time for Obamateurs. Emmanuel = Haldeman?)
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To: 50mm

Oh my....laughing so hard I got tears in my eyes.

Thanks!!!!


15 posted on 03/06/2009 12:22:51 PM PST by Boanarges
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To: jdfromny

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.


16 posted on 03/06/2009 12:23:35 PM PST by skeeter
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To: ConservaTexan
If someone could hack into his teleprompter this could be fixed this without him even knowing.

I like that idea!

17 posted on 03/06/2009 12:24:09 PM PST by Faith
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To: ConservaTexan

That is a great idea! :-)


18 posted on 03/06/2009 12:24:16 PM PST by boxlunch
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To: 4rcane

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.


19 posted on 03/06/2009 12:25:03 PM PST by lilylangtree (Veni, Vidi, Vici)
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To: jdfromny

Is Obama responsible?
You betcha!!!
Him along with Pelosi, Reid, Soros, and a few others.


20 posted on 03/06/2009 12:25:07 PM PST by BuffaloJack (To stand up for Capitalism is to hope Obama fails.)
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