A Comment About

Obama Has Already Helped Wreck the Economy

November 26, 2008 - 12:00 am - by Tom Blumer
venividivici
2008-11-30 17:42:40

Someone75,

As I said, the Democrats, while actually in the minority over the past decade until recently, have used the “bully pulpit” of “racism” accusations to stop Republicans in their tracks when it came to reforming the main culprits in the subprime mortgage crash, Fannie and Freddie. Fannie and Freddie became virtual revolving doors for Democratic operatives who wished to get a little taste of what it’s like to make private sector money with government sector job security.

The economy definitely faces other issues outside of subprime, but that was the first shoe to drop, domino to fall, whatever metaphor you want to use, and the majority of the blame can be laid at the doorstep of the Democrats. And Obama got money from these people during his tenure, short though it was, in the Senate, so he is not immune from the blame.

In addition, some of Obama’s energy platform statements, such as cutting back electricity use to 1990′s levels while increasing the number of electric cars, break the laws of physics, as currently formulated. The man is a whackjob himself and I’m glad to see the investor class (of which I am but a small part) voting “no confidence” in his hare-brained schemes. I saw that the Obama team was “gratified” when their naming of Geinther(sp?) as Treasury Sec was greeted by a market rally. Good, may they do many more things that make the market rally.

If you’re a moderate Democrat and don’t have any truck with those who would ruin our economy, fine, but there are few ways in which the Obama who was on the campaign trail DIDN’T put free-marketeers on edge as he tried to satisfy one interest group after another.