- David Frum: Why Obama is AWOL on the market meltdown
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"The worse Bush looks in 2008, the longer Obama can blame him for the problems of 2009, 2010 and 2011"
Thursday was a terrible day in the financial markets. Hit by dire unemployment numbers, equities tumbled, and investors raced for the safety of U.S. government bonds. The interest rate on short-term Treasuries has dwindled to 0.02%; the interest on low-grade corporate bonds has soared to 20%.In the shocked and bloodied aftermath, everybody seemed to be saying the same thing.
Paul Krugman, the liberal economic columnist for The New York Times, opined on Friday morning about a “disturbing parallel between 2008 and 1932” — namely, “the emergence of a power vacuum at the height of the crisis. The interregnum of 1932-1933, the long stretch between the election and the actual transfer of power, was disastrous for the U.S. economy, at least in part because the outgoing administration had no credibility, the incoming administration had no authority and the ideological chasm between the two sides was too great to allow concerted action. And the same thing is happening now.”
Monday, November 24, 2008
Look At How Well This Has/Is Working For McGinty And The Left Wing
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About Me
- Unhypentated Canadian
- I lean to the right but I still have a heart and if I have a mission it is to respond to attacks on people not available to protect themselves and to point out the hypocrisy of the left at every opportunity.MY MAJOR GOAL IS HIGHLIGHT THE HYPOCRISY AND STUPIDITY OF THE LEFTISTS ON TORONTO CITY COUNCIL. Last word: In the final analysis this blog is a relief valve for my rants/raves.
1 comment:
if it's a liberal, it is them that only do it. Right unhyphenated?
Well hell's bell's it certainly has worked -wonders- for Harper and co., since they have done nothing but blame just about everything on the liberals.
And you'd have to be a drooling moron not to see that and agree.
Well welcome to politics Unhyphenated, sit back, read, and learn a few things. It may astound you further...
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