Apparently, George W. Bush is responsible for the recent market gyrations. If only life was a simplistic as the New York Times would like it to be. I only wish that I had a punching bag to consistently blame for every problem in the world, big or small, real or imagined.
It's just blissful ignorance to suppose that George W. Bush has any short-term influence on the market. But maybe I'm the ignorant one for reading the NY Times at all.
UPDATE: The AP jumps on the Bush-bashing bandwagon. This is remarkable to me. The market has a small correction (from which it is now back on track) and these lefty media outlets jump on it to highlight the terrible economy! But what about the last three years of global economic growth which have put markets throughout the world at historical highs and dropped unemployment to 4.5%? Downright shameful.
Subscribe to:
Post Comments (Atom)
2 comments:
What are they going to do when he's gone? Blame congress? Mr. Rodgers?
The only thing that worries me about the current economy is the INCREDIBLE lack of savings. It's sad actually. Other than that, though future outlooks have turned increasingly pessimistic it has been a surprisingly strong last several years.
And congress might have to deal with the fact that their approval ratings are still lower than President Bush's.
Post a Comment