Obama will take credit for anything. I’d still rather our economy bounce back, even if it means Obama takes credit.
Mark-to-Market was a stupid rule. We can make banks do a fair-market evaluation, without forcing them to count all assets as if they had to sell them tomorrow.
Imagine if a store had to “mark-to-market” all of their inventory as if they were going to sell it all tomorrow.
That is exactly the trick that most are falling for. The economy is not going to rebound on the long run with the socialism that Obama is imposing. It may be a short term rebound of the markets and a short term rebound of the economy that will serve Obama socialist agenda very well until 2012 but once he is re-elected the whole economy will collapse under the burden of socialism, trillions of dollars in wasteful spending, heavy taxes on the producers, printing more money, confiscating wealth, and government control of more corporations.