Right Wing Claims Stock Market Declined Because Obama Was Nominated For President
Since the presidential election last November, the right wing has seized nearly every opportunity to link any sharp decline in the stock market (without any basis in fact) to Barack Obama. Monday, losses on Wall Street forced the Dow Jones industrial average to close “below 7,000 for the first time since 1997” and like clockwork, the right (and some on Wall Street) jumped to blame Obama. The Wall Street Journal claimed today that “Obama’s policies have become part of the economy’s problem.”
Since the presidential election last November, the right wing has seized nearly every opportunity to link any sharp decline in the stock market (without any basis in fact) to Barack Obama. Monday, losses on Wall Street forced the Dow Jones industrial average to close “below 7,000 for the first time since 1997” and like clockwork, the right (and some on Wall Street) jumped to blame Obama. The Wall Street Journal claimed today that “Obama’s policies have become part of the economy’s problem.”
Laura Ingraham said today that Obama’s policies “are not giving us the confidence we need to get back into the market.” Rush Limbaugh and Sean Hannity touted the line as well, but added that the market’s problems started when Obama was nominated to be the Democratic Party’s candidate for president in the middle of last year:
LIMBAUGH: To say that Obama has been in office only one month is not accurate from an effect on the world and an effect on the country standpoint. Barack Obama has been the controlling political authority on the economy for six months.
HANNITY: Now if we go back to May 6th when it was apparent that he was going to probably be the Democratic nominee the stock market was over 13000, and if we go to October just before the election…the stock market was, what, around the 11000 plus mark.
Glenn Beck: Obama's stimulus package "enslaves" Americans
What's the latest evidence of Obama Evilness, according to Glenn Beck? On last night's show, it came in the form of his plans for changing the tax deduction structure for upper-income folks when they give charitably:
What's the latest evidence of Obama Evilness, according to Glenn Beck? On last night's show, it came in the form of his plans for changing the tax deduction structure for upper-income folks when they give charitably:
I don't think I've ever seen a president or a government do anything that I thought was out-and-out evil. I mean, we've gotten close. I think rendition is pretty darned evil. But this is enslaving, what our president has proposed and what is in this new bill. Changes in the tax deductions for charitable giving!
Andrea, oh Andrea
She may have been tired from her trip following Hillary, but I found this kind of odd while she talked to Howard Dean about health care.
She may have been tired from her trip following Hillary, but I found this kind of odd while she talked to Howard Dean about health care.
Mitchell: Does it ever worry you that this President is taking on too many issues. Because if the economy---which he could not have anticipated, the huge downturn that we've now experienced. He's got to worry about the banks, he's got to worry about the auto makers, he's got to worry about the insurance industry and the overall downturn and take on health reform at this time...
Limbaugh Attacks Stephanopoulos, Says ABC Falsely Reported That Eric Cantor Disagreed With “Fail” Remark — Okay, the Limbaugh wars have just taken yet another weird new turn — Rush is claiming that a high profile GOP leader who appeared to disagree with his professed hope that President Obama …
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