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March 10, 2009

Very Serious Question

If the far-right and cable news people blame President Obama for stock market declines since election day irrespective of the facts and trends since September 2007, shouldn't they be forced to credit President Obama whenever the stock market goes up?

Sorry, far-right and cable news people. You have to do it.


Filed under: Cable News || Stock Market || Very Serious Question

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Posted By Bob Cesca | March 10, 2009 3:56 PM

Comments

Gibbs pointed this out in one of his press briefings last week--don't remember exactly, but he basically said "amazing how the stock market went up today and I didn't get any questions about it."

Posted by: J at March 10, 2009 4:08 PM

I was just going to say that very thing after today's 380 point gain. It's all bullshit based on speculation.

Posted by: Broadway Carl at March 10, 2009 4:09 PM

naw, according to republicans, they deserve credit for the boom of the 90s, Clinton deserves blame for the downturn early in this decade as well as 9/11, Bush and the republicans deserve credit for the economy rebounding and no further attacks on our soil(beyond the one on their watch in which 3000 Americans died), and Obama and the democrats, as well as Bill Clinton, are to blame for the current mess we're in.

Posted by: Jeff at March 10, 2009 4:41 PM

Oh Bob. They will mention it, but only to reiterate that it's not gaining points fast enough.

Cue the Roundtable of Losers to start emphatically declaring that Obama and the Demcrat Congress did not move quickly enough. If only they had, and had included more tax breaks and less funding for a SuperTrain from Disneyland to Harry Reid's house (which includes a 10 mile ($50 billion) detour to preserve the thirty square foot habitat of Pelosi's effing field mouse!), the stock market would have rebounded sooner.

Posted by: Nanotyrannus at March 10, 2009 4:41 PM

today is opposite day bob, so obama will only get credit if the stock market went down. bad luck for him I guess.

Posted by: mattpddm03 at March 10, 2009 4:58 PM

Yes, Bob, they have to.

Let's see where this market is in three months. If it starts to go up, President Obama will look like a genius, because as I said in an earlier comment, the market is forward looking.

Posted by: politicalpartypooper at March 10, 2009 5:20 PM

Bob, in case you haven't seen this, it's an admittedly well-reasoned defense of...Rush.

Posted by: drewdu at March 10, 2009 5:28 PM

To "drewdu"!

What a HOOT that was!

You have no idea how much I needed a chuckle today.

THANKS - forever.

Posted by: A J at March 10, 2009 5:34 PM

drewdu

Hilarious!

Posted by: I Eat Gravel In Alaska at March 10, 2009 5:36 PM

What happened to my president?I had so much hope for him and now it seems that he is disintegrating before my very eyes. I am reading in the news that some people do not think that he will last a year, much less the whole term. He had so much energy and enthusiasm. Maybe he is getting depressed. Do you really think that he hates the British that much?

Posted by: EazyRyder at March 10, 2009 5:46 PM

@drewdu: that's what I've been saying all along. I don't know what everyone has against Rush.

Posted by: Kyle at March 10, 2009 5:53 PM

Silly Bob....
It wasnt Obama...it was free market forces that created todays increase....therefore we need to lessen regulations on the market...

Heads I win ...tails you lose...its gonna be like that for 4-7 more years....

Posted by: lib4 at March 10, 2009 5:58 PM

wieei[pie

Posted by: TruthSerum at March 10, 2009 9:29 PM

Hey Bob: You'd think the media would pat President Obama on the back if the market improves and it can be correllated (spelling?)specifically to what President Obama has attenuated.

But let us not forget, When the market was going gang busters while Clinton was president, the Rebooblicans I knew all said it was because of changes Ronny Reagan made[ownership society/neo_liberalism] so, if the economy improves under President Obama, I believe there will be those who will attribute that improvement to either Goober42 or Ronny Reagan.

All it was/is is Wall Street unchained...

Boom_Bust and the thieves laughing all the way to their Swiss bank accounts.

Oopsie, deregulation means they did it all legally.

the thing is, you know, just when Wall Street needs investors, potential investors are leery now, because , well, self speaking, they lie. They think their own self personal interest is more important than mine, a potential investor. It's not lack of confidence in the market that makes me leery, it's lack of confidence in the service providers. Whose profit are they more invested in? The chap who'll give them free tickets to a rock concert, or little old me?

Posted by: ChiffonBreath at March 12, 2009 4:57 AM



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