I really should let this go, but I can't. Michelle Malkin today writes:
On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28.
In mid-morning trading today, the day President Obama signs his massive Generational Theft Act into law and a day before he unveils a massive new mortgage entitlement, the Dow dropped to to 7,606.53.
Now, imagine if President Bush had presided over a 2,000-point stock market tumble in the same time period — during the first few months of his presidency.
Great start, O.
This is, of course, beyond stupid. For one thing (and this should be obvious), Obama wasn't president starting on November 4. When Obam took office on January 20, the Dow was at 7,949. Right now (as I write this) it's at 7,588 — that's not even a 400 point drop. Here's the chart:
And Malkin asks "what if" there was such a precipitous drop during the time Bush presided? Uh, Michelle?
John Cole has the last word:
Everyone knew they would attempt to blame the Bush administration’s failings on the Democrats and the Obama administration, and the facts really are stacked against them so they have a tough job, but quite honestly, I thought they would be a little bit better at it than this. The crazy people ranting about black helicopters have more credibility, and at least try to make a coherent argument. The nut of her argument is “If you pretend Obama was President two months and a few weeks before he took office, he is to blame for the market declines during that time period.” Really, it is that stupid.