WSJ on March 6, 2009: "Obama's Radicalism is Killing the Dow"

scheming daemons

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Wed Oct-14-09 09:23 PM
Original message

WSJ on March 6, 2009: "Obama's Radicalism is Killing the Dow"

Edited on Wed Oct-14-09 09:25 PM by scheming daemons

Obama's Radicalism Is Killing the Dow
A financial crisis is the worst time to change the foundations of American capitalism.
By MICHAEL J. BOSKIN
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It�s hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president�s policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis.
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About the author of the piece:

Mr. Boskin is a professor of economics at Stanford University and a senior fellow at the Hoover Institution. He chaired the Council of Economic Advisers under President George H.W. Bush.

http://online.wsj.com/article/SB123629969453946717.html

And... the Wall Street Journal today:

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Reaction this time was more muted than the first time the Dow closed above the 10000 mark, on March 29, 1999, when traders popped Champagne and passed around "Dow 10000" baseball caps. "People don't believe it."
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http://online.wsj.com/article/SB125556374573286171.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

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NYC_SKP

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Wed Oct-14-09 09:31 PM
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1. As the Chair of the Council of Economic Advisers under President George H.W. Bush.

You'd think he'd want to crawl into a hole.

Asshole.

:mad:

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yourout

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Wed Oct-14-09 10:04 PM
Response to Reply #1

6. That by itself disqualifies his opinion from serious consideration.

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dhpgetsit

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Wed Oct-14-09 09:56 PM
Response to Original message

2. Yup. The new face of Marxism.

You know it's Marxism when the Dow breaks 10,000.

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opihimoimoi

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Wed Oct-14-09 09:57 PM
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3. KnR...the Group Of Bad News Pub Assholes need reminding them of False Prophecies

Henny Penny and The Sky is Falling is old shit

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TexasObserver

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Wed Oct-14-09 10:00 PM
Response to Original message

4. Do those guys ever get anything right?

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FrenchieCat

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Wed Oct-14-09 10:02 PM
Response to Reply #4

5. Not a damn thing....which is why I wonder why anyone would want to pay them for

anything.

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emulatorloo

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Thu Oct-15-09 11:17 AM
Response to Original message

7. Kick and Rec for Rupert Murdoch's Wall Street Journal. I understand he wants the NYT too n/t

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indepat

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Thu Oct-15-09 01:48 PM
Response to Original message

8. F the f'in WSJ, their editors, RM, and the horses they rode in as they speedily

descend into hell! :P

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