Liberals continue idiotic call for coup

Gail Collins:

Thanksgiving is next week, and President Bush could make it a really special holiday by resigning.

Seriously. We have an economy that’s crashing and a vacuum at the top. Bush — who is currently on a trip to Peru to meet with Asian leaders who no longer care what he thinks — hasn’t got the clout, or possibly even the energy, to do anything useful. His most recent contribution to resolving the fiscal crisis was lecturing representatives of the world’s most important economies on the glories of free-market capitalism.

...
This is seriously poor analysis. The markets have been tanking because of a fear of what Obama will do and rushing him into office will only exacerbate that fear. The market rallied on Friday based on his naming of a Treasury Secretary. That suggest that a great deal of wealth was wasted by his delay in that announcement, and not by Bush's continued service in office.

This is just unseemly anyway. It shows the bad faith of Democrats as well as a lack of grace on the part of Obama supporters. Obama is moving at a brisker pace than Clinton in putting his team together but he is going to need every minute of the transition period to get ready and Bush has been gracious and effective in helping that transition effort. Collins and Chris Mathews should be ashamed. The fact that both of them are pushing this idea suggest that it may be orchestrated by liberals within the Democrat party.

It is a bad idea and does not deserve the attention it is getting from some in the media.

Comments

  1. >>>>The markets have been tanking because of a fear of what Obama will do

    --------------------------------------

    LOLOLOL!

    What a stinking pantload!
    This unwinding began LONG before Obama was even on the radar screen.

    And what do you suppose would be the market's reaction if that economic dullard "the economy is fundamentally strong" McCain had won the POTUS?

    Bushie is as lame as duck can get, and it would be great news if he just stepped down before doing any more damage.

    ReplyDelete
  2. You are way off here. The markets are dropping because earnings are dropping. Earnings are dropping because people have stopped blowing money. People are reigning in their spending because their home values are rapidly deflating and a huge wave of unemployment is coming. These have been caused by a preceding, decades-long inflation of the money supply. A large inflation of the money supply causes a boom -- followed by a bust. Always. Now who controls the money supply? Democrats? No, the Federal Reserve.

    The same things would be happening if McCain had won.

    Yes, Democratic efforts to get everyone into a house were proximate causes of the inflation of real estate. But the primary cause was cheap money. Greenspan setting the Fed rate to 1% after the dot com bubble has much more to do with this financial crisis than any other single government program or action. But it was also the icing on the cake, we have had general inflation for decades, Greenspan foolishly wanting something like 2% inflation permanently. Well, it adds up -- to one big bear of deflation. Read anything by Murray Rothbard.

    Do you like Ron Paul? I don't, but he *is* the only congressman who understands the primary cause of this financial disaster: fiat money and the Federal Reserve. And the only solution: end the Fed and return to the gold standard.

    ReplyDelete

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