The Obama Economy

THE WALL STREET JOURNAL ^ | MARCH 3, 2009 | staff

[kellynla]

As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.

Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

[kellynla]

"As the Dow keeps dropping, the President is running out of people to blame."

[Nervous Tick]

>> it’s become clear that Mr. Obama’s policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery.

This is exactly the right way to frame the issue, and every Republican should stay on this message and repeat it every time they’re in front of a camera!

Well, everyone except you, Snowe, Collins and Specter. You three are functionally retarded. I doubt you three could even spell “economy”.

[squidly]

It’s probably fallacious to suggest that any policy of Obama’s has caused any of this economic trouble at this early date of his presidency, but it’s my opinion that his continued message of gloom, doom, and disaster is very harmful and counterproductive.

[Rosemont]

The economy is tanking on ObamaCarter’s watch and ObamaCarter is picking a fight with a talk radio host. Nice priorities.

[throwback]

They had to talk the economy down to rationalize the agenda. Now that the boulder has begun rolling down hill rapidly, they scurry to the front of it to stop its progress. Hope they enjoy becoming part of the road kill along with the rest of us.

[FastCoyote]

While on the money, there is not yet the sense of outrage necessary in this article. Give it another month.

[erman]

The first thing is that if you are comparing the stock market now with "fiscal policy", then you need to compare the stock market now with 2006 when the democrat party took over the congress.

The media always forgets that little fact that the CONGRESS passes the budget and the President signs it. I'm not spending a dime that I don't absolutely need to spend and I'm just backing off of work in the emergency room. Why bust my hump to pay for the parasites of society, Nancy Pelosi's endangered fish and a train that I'll never use from Vegas to LA.

Maybe I'll just not pay taxes like all the good democrats and get a job in the administration as a cabinet member. None of them pay federal or even property taxes but really, really, really want the little peasants to pay their "fair share".

[bcsco]

Listening to Mr. Obama and his chief of staff, Rahm Emanuel, on the weekend, we couldn't help but wonder if they appreciate any of this. They seem preoccupied with going to the barricades against Republicans who wield little power, or picking a fight with Rush Limbaugh, as if this is the kind of economic leadership Americans want.

The economy isn't an issue with them other than its intended decline serves their agenda to take over America. And this is why they seem "preoccupied" with trashing Republicans and private citizens such as Limbaugh. It's all part of a big agenda. And, apparently, the WSJ has yet to catch on.

[Raster Man]

The War on Terror (WOT) is over. Now, it is the War on Wealth (WOW).