Tuesday, March 3, 2009

Gyrate This!

From ABC News:

Obama said he wasn't focused on "the day-to-day gyrations of the stock market, but the long-term ability for the United States and the entire world economy to regain its footing." he compared the Dow Jones Industrial Average to a daily tracking poll in politics. "You know, it bobs up and down day to day," he said. "And if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong."

I know this kind of thing may be hard to grasp for a lawyer who openly disdained the idea of working in the private sector, but Prez, this is not a "gyration":

(Chart from the Wall Street Journal)

...that is a collapse. It's the result of the free market (I know, you're not all that familiar with it, but try and keep up) looking at your policies and finding them wanting.

Oh, and comparing the market to "daily tracking polls?" These numbers aren't something generated by your political minions for use in targeting campaign ads, those are real dollars being lost by real people while you pursue an ideological jeremiad against the free market. You know, the same people you're apparently expecting to foot the bill for all those umpteen trillions you're in the process of shoveling around.

Try and figure out the difference, would you? Because things have changed since November. From now on, when you open your mouth and spout blather, the words that come out actually matter.

1 comment:

  1. He's talking this country right into a second Great Depression -- in hopes it'll stampede people into buying his radical economic agenda -- but the man who was president when the first Great Depression began, was kicked out of office after just one term.

    If the election were put to a do-over today, would Obama still win?