Tuesday, March 24, 2009

Where's the Love

When President Obama took office, and the disaster that was the Bush economy, the rabid Right, on day two, hung everything on his head. The talking point of the day, and still is, "its all yours baby, you broke it you fix it", etc.

When the stock market continued its decline, follow years of mismanagement by the GOP white House, and the control they wielded in congress for 6 of those years, it now became all the Democrats fault. Of course, the true leader that President Obama is, he will not be distracted by these parrots, he takes responsibility:
"Listen, I'll take responsibility. I'm the president," Obama said at a "town hall" meeting in Costa Mesa, California, where his bid to sell his economic revival policies was swamped by news coverage of the bonus fiasco for a fourth day.

"We didn't draft these contracts. We've got a lot on our plate -- but it is appropriate when you're in charge to make sure that stuff doesn't happen like this," he added, amid outrage across the United States.

"So we're going to do everything we can to fix it,"
And then he makes the decisions necessary to do just that:
The Treasury Department unveiled its long-awaited plan to remove many of the troubled assets from banks' books Monday, representing one of the biggest efforts by the U.S. government so far aimed at tackling the ongoing financial crisis.
And the market responded positively to this move by posting its largest gain ever:
investors went on a tear as the administration announced details of its new banking rescue plan, hoisting the markets as much as 7 percent in one of the biggest buying binges of the year.

Financial companies' values soared as Geithner spelled out how he planned to liberate banks from $500 billion to $1 trillion of troubled assets by setting up a public-private partnership.
The market will pull back a bit, today. Between profit takers and those awaiting word from the Federal Reserve hedging their portfolios. But at the wink of a down tick, the Rabid Right were shoving all that was wrong, and inherited, in the economy, in President Obama's face. Now that it is clear his decisions are moving us in the proper direction . . . where's the love . . . don't they want America to succeed and become strong again?

Oh wait, that's right?!? . . They don't!

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