What Folks who Read Financial Stuff are saying about Mass Mis-Election!

[KoKo]

Wednesday, January 20, 2010
Obama: grading his first year’s economic performance

By Edward Harrison of Credit Writedowns

The Democratic defeat in yesterday’s Massachusetts Senate race puts a punctuation mark on the grinding erosion of support for the Obama Administration and its economic policy in a tough first year. Clearly voters were sending the Administration a message that America is on the wrong course with Obama’s poll numbers slipping below 50% by December and Democratic defeats in both of the major state elections in which Obama campaigned in November (Gubernatorial races in Virginia and New Jersey).

But, I don’t think the President gets it. He is holed up in the echo chamber called the White House. If the catastrophic loss in Massachusetts’ Senate race and the likely defeat of his health care reform bill doesn’t wake Obama up to the realities that he is not in Roosevelt’s position but in Hoover’s, he will end as a failed one-term President.

With this in mind, I want to grade the President’s economic policy performance on his first year anniversary, putting Obama’s economic agenda and inheritance in historical terms. I will try to make this as comprehensive as a blog format allows. At the end, I will make some remarks about what to expect going forward.

Good Read for Finacial/Politico's at.....
http://www.nakedcapitalism.com/2010/01/obama-grading-his-first-years-economic-performance.html

[pscot]

1. It was six men of Hindustan, to learning much inclined

Who went to see the elephant, though all of them were blind....

[KoKo]

2. Oh My...I remember that...

Ahh...I wish I had a witty reply. I'm out of words these days.

Thanks for this, though.