- 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.”
An Internet Fisherman who uses barbless hooks and this one dimensional world as a way of releasing the frustrations of daily life. This is my pond. You are welcome only if you are civil and contribute something to the ambiance. I reserve the right to ignore/publish/reject anon comments.
if it's a liberal, it is them that only do it. Right unhyphenated?
ReplyDeleteWell 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...