Obama's claim that the Tea Party is to blame for the latest stock market crash is idiotic. This market crash occurred for the same reasons as the last market crash: The market was built fraudulently, on smoke and mirrors. Only a true deflationary cycle can restore economic health. That will be painful and quick. Obama's alternative is painful and prolonged. Americans will suffer either way. The question is whether we want FDR-style suffering for a decade followed by a major war, or Reagan-style suffering for a couple years. For America to become a triple-A country again, we need to start earning our grades.
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