Tuesday, February 17, 2009

Malkin and Her Short Memory

Lay the blame anywhere but where it belongs.


Ms. Malkin seems to think it's all Obama's fault that the stock market is in a free fall. She states that it's fallen 2k points since he was elected, never mind that he wasn't even in office for a majority of that time.

It couldn't possibly be the failed economic policies of the last decade. Nah, it couldn't possibly be the corruption, the deregulation, the lack of government oversight with the banks and mortgage lending. It couldn't possibly be the Republicans allowing all of the high paying factory work to be shipped to China or Mexico so that their crony CEO friends could make record profits and take home record bonuses of hundreds of millions of dollars while using slave wage labor in third world countries. It couldn't possibly be a Republican's fault.

When G. Dubya took office we had a budget surplus, which he quickly squandered. He also squandered a lot of other things too. The friendship and trust of our allies and the wealth of this country are just the tip of the iceberg to what that man and his administration squandered.

Malkin must have a very short memory, because from May of 2008 until G.Dubya Bush exited office on January 20, 2009 the stock market fell over 5,000 points. It went from over 13k to under 8k. In fact, since January 20th when Obama took office, until today, the stock market had been up a little bit on average. Of course, today it fell a lot, and I suspect it's going to continue that trend, as reversing the mismanagement of the previous administration isn't going to happen overnight.

I have a good friend who told me right after the election that she figured that the Republicans would prop up the economy the best they could until Obama took office, then they would not cooperate, and would let everything collapse and blame it all on Obama and the Democrats. That makes for a nice excuse for all sorts of fascist aspirations. I'll leave your imagination to that one.

Perhaps Malkin and her ilk, if they want to know the reason for the state our economy is in, they can go and look in the mirror. They voted for it, and they continue to advocate for failed policies.

The blame lies at their own feet.

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