THOSE WHO CAUSED OUR PROBLEMS CANNOT FIX THEM
Those in the Obama administration blame the Bush administration for the current mess. Yet the markets have continued to fall since President Obama was nominated (S&P down 48 percent), elected (down 28 percent) and assumed office (down 15 percent).
Worse yet, the markets are down to less than half the level they were when the Democrats took over Congress two years ago. The markets are clearly registering a vote of "no confidence" in the Democrat Congress and the Obama administration.
Markets are leading indicators, and so it is only a matter of time before the general public registers its vote of no-confidence in the Obama administration.
Rep. Barney Frank, chairman of the House Financial Services Committee, is on a witch hunt to find people in government and the private sector to threaten and blame. This is ironic in the extreme, given that Mr. Frank was, and continues to be, a major part of the problem.
