Obama just does not get it.
But the markets do. The DOW tanked 100 points after it was clear that nothing changed Friday afternoon, and the futures on Saturday morning are already down 250. The last day of 2012 might be a stock market day to remeber.
Of course the whole thing falls apart if interest rates go back to the normal 4.5 to 5.0 % range, and cost of the Nation's debt goes up 5 fold. Markets understand that as well.