All weekend I heard the drone of certain business reporters and various members of the Republican Party that President Obama was responsible for the declines in the stock market over the last six weeks.
Well, the market went up 5.8% yesterday. Should the President get the credit for that increase?
Of course not. And he should not get the blame for what has happened the last six weeks. The mess we now find ourselves in was created over the last thirty, forty or fifty years by a series of mistakes made by lots of people in the public and private sector. Anyone who says that they thought that the economic situation would materially improve in the last six weeks is a simpleton, a liar, or both..
Day on Torts


