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May 05, 2009 01:10 AM UTC
18 Comments
Come on, I want the wingers to tell me why they were wrong, or really right, or what the hell ever. I want to see it.
The stock market started tanking back in September because everyone knew back then that Obama was going to be elected.
In fact the recession of 2001 was primarily due to investor jitters, worried that the liberal media would eventually hate George W. Bush so much that they’d get a black man elected President after him.
And don’t get me started on the downturn of 1973, related to Obama’s sixth grade pencil-chewing scandal.
The market and the economy are two different things.
We’re having a bear-market rally. That’s great. The economy is still in trouble, and probably will be for a while.
The two subjects aren’t related. They weren’t back then, and they aren’t now.
I’m all in favor of the stimulus. I think it’s going to work. It’s going to fix the economy, eventually. But it has nothing to do with the market.
it wasn’t related then, and I doubt the connection now. It’s just very telling that the wingers scream that Obama is trashing the markets when they go down, then shut up when they go up. Their bullshit is so transparent.
– Everything positive about the economy or life in general under Clinton was because of the Republican congress and Contract with America.
– Everything negative about the economy or anything else under Bush II was Clinton’s fault.
– All negative economic developments since Obama won the election, including while Bush II was still in office, are Obama’s fault.
– Obama has nothing whatever to do with anything positive, economic or otherwise, and never can, ever, no how, no way. It’s a natural law.
– Tax cuts are the answer to almost everything.
– The only problems tax cuts won’t solve, can be solved by torture which isn’t torture because we don’t torture except when we do and it’s way cool, just like on “24”.
– Reagan was the greatest President and human being who ever lived. His supply side, trickle down economics worked perfectly and created a golden age, morning in America, for all except those lousy welfare queens.
Just fit whatever happens into this template and you can accurately predict what any rightie talking head or approved rightie talk show guest will say about anything.
and pretty damn accurate as well.
but it’s still important to call the people out who were using it as an attack tool, and whose silence on it is now deafening.
posted several diaries blaming Obama for the weak market at the start of the year. I specifically asked that he respond in the last month or so as the market climbed…and got crickets.
For a while, Faux Noise even put up the little ticker for Obama speechs–‘look, he’s talking and the market is ging down!’
Now those tickers are gone.
They’ll be back, when it dips again, then disappear when it goes up. Opportunistic? Yes. Intellectually dishonest? You betcha!
God, what a bunch of hypocrites.
I think AS may have been scared away by his attempted outing after all. He did come back once since then, but I think he’s going to be a much more infrequent poster. (I wish the reason he was staying away was because he lost so much face here, but that’s just wishful thinking.)
(The attempted outing). You’re probably right though, immune to logic and all. Still no one should have that to deal with….
The GOP always uses scare tactics when it asserts Democrats can’t handle the economy or the federal budget. This is initial proof that they’re wrong and had better stop listening to Rush Limbaugh if they want to ever be in the majority ever again.
but I wouldn’t pin it on Obama. The market is going up now, but it’s liable to crash at some point, especially if the banks remain insolvent and unemployment continues to climb. I don’t think that anyone on the right or left should be matching the rise and fall of the stock market on Obama’s job approval, or on his ability to deal with the economy. The big economic factors that measure how well he’s doing are bank lending, housing sales, unemployment, and, of course, overall output. Some of those have been improving, but it’s too early to be claiming a victory for the Obama economic recovery deal. We still have a long way to go and the stock market is hooey for measuring it one way or the other.
The point is, right wingers were all gung-ho that the market declines were a reflection of Obama’s policies; now the shoe is on the other foot and it’s nothing but the chirping of crickets from them.
Most of us are aware that the stock market is overrated as far as being any kind of political barometer. It was the free market uber alles types who were claiming otherwise.
That said, I think your observations are spot on. We’re not out of the woods yet.
and yes, of course I would agree that it was ridiculous for the right wing to tie Obama to the stock market. However, the hypocrisy of their silence now doesn’t really surprise me.
of the American Wingnut Association has been completely silent on the Shell/Gazprom LNG deal to import Russian gas to the U.S.( thereby undercutting the domestic market).
Is there a single one of these people who can actually stand up straight and tall and say, “I was wrong”? I am still waiting, but I ain’t holding my breath.
I usually don’t watch Cramer, but occasionally he’s on when I’m just too damn lazy to walk across the room and find the clicker.
But a few weeks after Obama was inaugurated and the stock market was in its deepest throes(like 3 weeks into his presidency it was all his fault), the Cramer was ranting about how Obama was going to destroy everything and kill any chance of recovery in the market with his policies.
Saw him the other night and he seemed quite optimistic.
This guys an ass clown. Guess that’s why his set looks like a circus.
Plus, they can relate to Cramer because they too have no idea what he’s talking about.
The market never hated Obama, so I agree with the point. The fact that the markets have rallied from the first week in March has a lot to do with keeping the banks open with massive bailouts that taxpayers fund.
The long term effects of Keynsian techniques have yet to be shown.