As the president signed his stimulus bill yesterday, the stock market tumbled to new lows;
CNN marveled at the fall, claiming that the shrinking value in the market was “despite” the stimulus bill - I guess it didn’t occur to them that the tumble was BECAUSE of the stimulus bill;
CNN wonders if maybe the contraction wasn’t because the President didn’t spend enough money.
The Washington Post takes the same tack;
The truth is this: The markets’ biggest decline came STARTING on the day Obama was elected because investors (that’s you and I, by the way) have no confidence that Democrats are committed to helping the economy. Their “stimulus” is is actually just buying patronage and votes. They’re doing absolutely nothing for the economy and the country realizes it - no matter how much camouflage the media throws up for him.
The Obama administration has launched Recovery.Gov where we’re supposed to be able to track our money as it spins down the drain. I’m still trying to figure out what “Protecting the Vulnerable” means and why it’ll cost $81 billion. It sounds to me like it’s to protect vulnerable congressional seats.