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Friday, February 20, 2009
Dow Jones Industrial Average -- Past Six Months
As you look at the chart, plug in some of the comments Obama made about the economy during the election, and try to answer the question which is the chicken and which is the egg.
"We are going through the worst financial crisis since the Great Depression," said September 26th, during first presidential debate.
"The fundamentals of the economy were weak even before this latest crisis," said on October 15th, during the third presidential debate
There's a big difference between being realistic and being a panic-monger. Obama, and the rest of the Democrats, seem to think that they must completely tear down confidence in the economy to get their agenda through. And they don't seem to care at what cost.
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