New Rethug meme -- as heard on NBC Today -- Obama is to blame

[pnwmom]

for the global economic crisis.

All over the world, economies are collapsing because investors are afraid of an Obama Presidency bringing higher American taxes.

[saltpoint]

1. It's a logical conclusion.

A junior Senator from Illinois who used to be a COMMUNITY BUILDER -- why, who ELSE could be to blame for the world economic crisis?

I'm surprised it took the Republicans this long to figure it out.

[maxrandb]

31. Right-wing-noise-machine in action again

I heard that idiot Limpballs mention this on Friday, and I think Insanity and few others were pushing it.

See...the rish are "scared" about an Obama presidency, that's why they just went and lost trillions of dollars in wealth. It was to prevent then being taxed to oblivion. :sarsasm:

Anyhow, this is a good illustration as to how complete idiocy from the "right" can worm its way into the mainstream press like NBC.

You'd think the media would know better by now, but just like Charlie Brown, they think that just one time the ball won't be pulled out from under them.

[Proud Liberal Dem]

2. Good luck with THAT one

People don't have such short memories about the past 8 years. Obama must've done something pretty dramatic over the past 2 years to bring the world to the brink of economic collapse. Behold, "Obama the Destoyer!!!!"

:evilgrin:

[dkofos]

3. Oh my Dog, the sun came up in the west this morning!!

[EmperorHasNoClothes]

4. Worse than that: It's a double hit

They're afraid because our brave, wise leader George Bush will no longer be guiding us. :crazy:

[Schulzz]

5. Next week they will say: "Obama is running the McCain campaign, that's why we are losing"

:crazy:

[treestar]

24. There are times when I think that clever Obama is doing just that!

:rofl:

[Mz Pip]

28. Zing!

I'll remember that one! :rofl:

All powerful Senator Obama has become the new Clinton - the person who is responsibile for everything bad that has happened in the world since he's been 8.

[scheming daemons]

6. So... as the market rebounds today and the rest of this week.... it's Obama's doing too!

[Left Is Write]

29. I was just going to say that. Can Obama take credit for today's market rally?

[ginnyinWI]

7. Well the Market is on the rebound this morning, so

Obama has to be given credit for that, too!

[Rockholm]

8. The RWers have been pushing that all weekend.

[OmmmSweetOmmm]

9. Jim Cramer emphatically said NO! That Obama had nothing to do with it!

[annabanana]

10. oh yeah.. I heard that yesterday. . ACORN did it

(damn community organizers)

[Dr. Death]

11. But I thought those community organizers didn't have any actual responsibilities?

So how can they be behind this???

[City Lights]

12. Who said that?

Matt, Meredith, or someone officially speaking on behalf of the gop?

[pnwmom]

13. Matt was repeating something some Rethugs had said.

I missed who.

[City Lights]

16. Thanks.

Matt excels at parroting gop talking points.

[CherokeeDem]

14. That Bastard Matt Lauer....

was doing his best to get Jim Cramer to say this was Obama's fault because Wall Street was scared of Obama winning the White House. Cramer didn't bite at all...but Lauer is a Repub shill.

[pnwmom]

18. Who is Jim Cramer? I didn't recognize him. n/t

[Left Is Write]

23. Host of MSNBC's Mad Money.

[Spritz57]

15. You know its getting to the point

I don't have a need to respond with something pithy, it is so intuitively pathetic that it stands on its own. They're beginning to piss me off!:evilgrin:

[theothersnippywshrub]

17. The stock market performs significantly better under democratic presidents

than under republican presidents.

Some basic numbers but with no real analysis from Slate show the outperformance:

But Democrats, it turns out, are much better for the stock market than Republicans. Slate ran the numbers and found that since 1900, Democratic presidents have produced a 12.3 percent annual total return on the S&P 500, but Republicans only an 8 percent return. In 2000, the Stock Trader's Almanac, which slices and dices Wall Street performance figures like baseball stats, came up with nearly the same numbers (13.4 percent versus 8.1 percent) by measuring Dow price appreciation. (Most of the 20th century's bear markets, incidentally, have been Republican bear markets: the Crash of '29, the early '70s oil shock, the '87 correction, and the current stall occurred under GOP presidents.)

http://www.slate.com/?id=2071929

One well known study with rigorous statistical analysis.

The Presidential Puzzle:
Political Cycles and the Stock Market

ABSTRACT

The excess return in the stock market is higher under Democratic than Republican presidencies:nine percent for the value-weighted and 16 percent for the equal-weighted portfolio. The difference comes from higher real stock returns and lower real interest rates,is statistically significant,and is robust in subsamples.The difference in returns is not explained by business-cycle variables related to expected returns,and is not concentrated around election dates. There is no difference in the riskiness of the stock market across presidencies that could justify a risk premium.The difference in returns through the political cycle is therefore a puzzle.

http://www.personal.anderson.ucla.edu/rossen.valkanov/Politics.pdf


This analysis covers the years 1927-1998 and separately examines the years from 1927-1962 and 1963-1998. Results which included the years from 1999-2008 would show an even greater difference. All studies show this difference, although there is at least one which finds the difference of a few percentage points to be statistically insignificant.

In addition to stock market outperformance, real GDP growth is higher, the rate of job creation is higher and federal budget deficits are lower under democratic presidents than under republican presidents. All or some of which may explain the stock market outperformance.

[nyhuskyfan]

19. If I'm not mistaken...

The economic package for 2009 is passed during 2008. So even if Obama wins, he couldn't raise capital gains taxes until the 2010 fiscal year.

There's also the absurdity of people taking heavy losses now by pulling money out of the markets because they are worried about losing 5% more of their profits in two years. Think about that. I'm going to take a $100,000 loss now, because if I make $100,000 in profit in 2010, I'll have to give $5,000 more of it back.

[Overseas]

20. When the opposite is actually true.

People are waiting to see how destructive the USA still is. Will someone curb the several Republican techniques of election fraud (caging lists, vote challenges, misdirection of voters, purging voter rolls, and finally, electronic vote flipping in Democratic precincts of swing states)for this election and let the people have their choice so that Democrats can build back the budget surpluses they had built up through the 90's ?

Or will Republicans steal another election thus shutting the US out of the world economy and leading to further collapse?


www.stealbackyourvote.com for emergency info to help the Republicans be more honest by making sure we're watching much more closely.


For a calm, comprehensive review of election manipulation in recent years please check out Stealing America: Vote by Vote. www.stealingamericathemovie.com . It contains great footage from TV broadcasts during recent elections to show how the peculiar anomalies were glossed over with excuses to explain them away.

[JaneQPublic]

21. They also blamed him for high gasoline prices.

And Hurricane Ike, if I recall. It's a totally idiotic campaign tactic. They're making themselves a laughing stock... well MORE of one, anyhow.

[goodboy]

22. Right, a year ago when the Pukes took credit for the 14K+ Dow...

Now they're reaping what they've sown.

[treestar]

25. One of McBush's ads (we should get back to that McName)

blames Obama for everything and projects all of McSame's faults onto him and then says "change is coming!"

McCrypt is trying to convince the voters that Obama has been the Prez for the past 8 years!

[RichGirl]

26. Oh they hypocrisy!

He's not experienced enough to run a McDonalds, but miraculously is experienced enough to effect the world economy.

He's a celebrity to the point of being compared to Paris and Britney...but, do we REALLY know Obama. And this from a woman who even republicans has not EVER heard of until a fews months ago.

[barack the house]

27. Yeah right, economys are collapsing becuase of bullshit. Democrats provide strong economies.>

Historically true. Do they think people forget the economy collapsing the last time around with senior.

[Poseidan]

30. great strategy

They blame everyone for everything, thereby proving their own incompetence. As if Democrats and 'terrurists' are so powerful, the poor little Republicans can do nothing to stop them.