MSNBC Legal Analyst Says It's Dangerous to Peddle This Theory About the Trump...
Dem Rep Cites Phantom Poll Showing Biden Winning Re-election and Dems Retaking the...
What This Dem Communications Director Tweeted Explains Why Trump Can Stick Around
How Much Blame Does Jen Psaki Bear in Biden's Deadly Withdrawal From Afghanistan?
CBS Raises Eyebrows for What It Told Viewers to 'Expect' From Biden in...
RFK Jr. Responds to News He Didn't Qualify for the Debate
Missouri AG Announces He's Suing New York Over 'Unconstitutional Lawfare' Against Trump
Republican Senators Grill Biden's Judicial Nominee
Here's What Stands Out About the Reactions From NJ Politicians to Norcross Indictment
Holy Cow This New York Poll Is Bad for Biden
Trump Outraises Biden for May
Thousands of Illegal Aliens From This ISIS ‘Hotbed’ Have Entered the U.S. Illegally
Biden Takes a National Polling Lead for the First Time in 2024...or Does...
Two Illegal Aliens Arrested in Connection With Murder of 12-Year-Old Girl in Texas
Trump Reaches Out to Mother of Rachel Morin. Guess Who She Hasn't Heard...
Tipsheet

The "But For" President

Chapter and verse, a Wall Street Journal editorial makes a convincing case that the economy actually would be recovering were it not for the anti-growth policies being pursued by the Obama administration.
Advertisement

As the piece notes, the Dow was closing at 9034 three weeks before Obama's inauguration.  Yesterday, it closed at 6763.

This is disappointing -- but it's understandable.  In quick succession:
 
President Obama has spooked the energy industry, by his talk of cap and trade legislation.  So there's uncertainty there.

He's spooked the banks with talk of nationalization.  More uncertainty.

He's spooked the insurance and health care industries with the suggestion that health care reform might be outsourced to a Congress led by Nancy Pelosi.  Yet more uncertainty.

He's spooked the defense industry by proposing significant cuts in our national defense (a dubious strategy on the merits in an age of terror).  Yup, more uncertainty.

He's spooked every multinational company by protectionist talk.  And more uncertainty, there, too.

He's spooked the housing industry by proposing limits on the mortgage interest deduction.  Guess what?  That creates uncertainty.

Really, is it any wonder why the market isn't soaring?  As time passes, it's becoming increasingly clear that either the President truly has no clue about what he's doing, or else that he's pursuing a strategy designed to drive the economy into depression so that he can craft a New Deal II to hand more power over to the federal government.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement