NY Times - One Month In And Financial Blogger Already Blaming Obama

[Median Democrat]

The right wing noise machine is working on over-drive. Only a month into his Presidency, and the right wing is asking why Obama hasn't fixed Bush's mess:

http://norris.blogs.nytimes.com/2009/02/23/new-lows-as-obama-prepares-speech/

/snip

You cannot blame all of that on the Obama administration, of course, but since the president last went on prime-time television, the stock market has been crumbling. The spread of the worldwide recession is part of that, of course, but the perception that the administration has not worked out what it wants to do to fix the financial crisis — and, like its predecessor, is making it up as it goes along — has played a major role.

/snip

[Captain Hilts]

1. I just hope folks don't fall for this crap. nt

[Median Democrat]

2. They Did In 1993 - House GOP Predicted Clinton's Stimulus Would Cause Recession...

...and the GOP gained control of Congress in 1995. Of course, all of the GOP's predictions of an economic downturn due to tax increases failed to materialize.

[Zynx]

4. 1994 was not decided on the economy.

I've never heard that argument until some folks on DU started pushing it.

[Median Democrat]

6. This Has Come Up Several Times - For Example On Maddow

On January 29, 2009, this was discussed. Also, just google Eric Cantor and Gingrich, and virtually every major media outlet ran a gushing story about Cantor as the second coming of Gingrich, and how the Republicans are simply going to repeat their 1993 obstructionism with the American people none the wiser.

http://www.msnbc.msn.com/id/28936714/

/snip

MADDOW: Matt, one of the things that we expect after the stimulus, we‘ve seen the TARP debates through this Congress, we have seen the stimulus debate which is ongoing. It will take some more time. The next big thing we expect on the economy, in all likelihood, is a big round of financial regulation. And that‘s where we get into the really big, huge, thorny ideological fights between the left and right, between Republicans and Democrats.

Is there anything that we can anticipate about the fight over financial regulation based on what‘s happening politically around stimulus?

YGLESIAS: Well, I think, we can see that it‘s just going be very difficult to make the sort of bipartisan legislation that the president has hoped for. That, you know, the Republicans, I think, they look at 1993 and ‘94 when they just opposed everything. They opposed health care reform; they opposed the budget plan that brought us that great prosperity of the 1990s. And they were rewarded politically. They made President Clinton out to be a failure in that first legislative term. And obstructionism was rewarded in the ‘94 midterms.

And I think we‘re going to see an effort to repeat that—that almost no matter what Obama puts on the table, I think, the majority of Republicans will oppose it. You know, Rush Limbaugh has said that, you know, he hopes Obama fails, that they should vote no on everything. So far, the House Republicans are really marching in lockstep behind those orders. And I think a lot of the senators will, too.

/snip

[Zynx]

7. There's a bit of historical revisionism going on there to fit a narrative.

1994 had primarily to do with the fact that Clinton failed so miserably on health care reform and the Democrats had become mired in a myriad of scandals.

[Median Democrat]

8. Still, As You Note, That Is The Prevailing Narrative...

That Republicans can simply run out the clock, and obstruct their way to control of Congress in 2010. The narrative is pretty wide spread as a google news search with Eric Cantor, stimulus, and Gingrich will demonstrate. Does the media recite the same talking points? Run the search, and draw your own conclusions.

[Zynx]

12. I know one thing for certain: they cannot take the Senate.

The math is very difficult for them. Also, the House is quite daunting to say the least.

[AllentownJake]

13. Clinton was taking as many shots in 93 and the lead up to the 94 elections

from democrats in congress as he was the GOP.

Southern Conservative democrats were very hostile to Clinton

[Captain Hilts]

11. '94 was a continuation of the gains R's made in the '92 house and senate races. Yes, they GAINED...

Clinton's election was very much against the tide.

Oh, and Jim Cooper personally shut the door of ANY healthcare reform for 16 years.

[Cha]

3. Fuck Off Big Media..

Just Fuck the Fuck OFF.

[roseBudd]

5. The stock market is crumbling because they are anticipating the banks craptocracy

[Spazito]

9. Well, I guess we now know where Wolfie gets his info from....

This is exactly what he was focusing on, the drop in the Market since Obama became President.

Sheer coincidence, I am sure! :sarcasm:

[high density]

10. How does one not "make it up as it goes along?"

Does the author know of a textbook which Obama should study to instantly fix this mess? If so I'm sure he'd love to read it.