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Clinton had his “bond vigilantes, whom he respected enough to stay in office for 8 years by not ruining the economy.

Obama now has his “stock vigilantes” and he has no respect for them whatsoever and that will be his undoing. We don’t have to wait until 2012 because his policies (and their direct effect on the stock market) are starting to frighten even some of the more liberal Democrats.

When Congress realizes they’re in for a 1994 repeat and that election season is only a few months away, they’re going to start listening to the stock vigilantes even if Obama doesn’t, and we’re going to see some significant backtracking on all this socialist nonsense. The only question is whether we can hold off most of it until that happens.

Meanwhile, keep talking Obama. The more we learn about where you really want to lead the country, the farther the stock market will fall and the more unlikely your grand plans will ever be implemented.

Go stock vigilantes! Take the Dow down to 3000 if that’s what it takes to pound some sense into Congress. (Obama’s beyond hope, but maybe devastating the U.S. economy is an impeachable offense? One can only hope.)