Rupert Murdoch's WSJ Today Blames Obama For Prolonging Recession!

[Median Democrat]

Yes, less than two months into his Presidency, the WSJ carries out Limbaugh/Rove's agenda of trying to blame the current recession on Obama, and suggest that it would be short, but for Obama's policies. You would think that after years and years of trickle down economics that these arguments would grow stale. My question is how long did it take the WSJ to write this article or did they just cut and paste from your standard GOP stump speech.

http://online.wsj.com/article/SB123604419092515347.html

/snip

As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.

Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

The Democrats who now run Washington don't want to hear this, because they benefit from blaming all bad economic news on President Bush. And Mr. Obama has inherited an unusual recession deepened by credit problems, both of which will take time to climb out of. But it's also true that the economy has fallen far enough, and long enough, that much of the excess that led to recession is being worked off. Already 15 months old, the current recession will soon match the average length -- and average job loss -- of the last three postwar downturns. What goes down will come up -- unless destructive policies interfere with the sources of potential recovery.

/snip

[Cant trust em]

The Wall Street Journal is critical of Obama?!?!? Shocking. NT

[babylonsister]

1. What would this 'normal process of economic recovery' even look like?

If anyone had a doubt about the wsj's r/w proclivities, those doubts can now be put to rest.

[Median Democrat]

3. Murdoch Also Sits On The Board of the AP and Owns Fox News - He Controls What We Think

Look at the news reports as they start to recite this new orthodoxy that FDR "prolonged" the Great Depression. The Wall Street class is in full attack trying to discredit the President, and undermine the reform before it can be implemented. Worse, they pretty much control the major media outlets.

[Rosa Luxemburg]

2. The WSJ and Murdoch and the rest of the greedy pigs are trying to claw their way out of the water

they are going down. The ship is sinking fast.

[ErinBerin84]

4. yeah, MSNBC was showing that today

with an assist from CNBC's Jim Cramer saying that Obama is causing the stock market to fall.

[Turbineguy]

5. In a way he's right

the stock market needs some regulation. There are trillions of dollars on the sidelines waiting for regulations to curb predatory traders and trading practices. Who wants to put money in only to have it taken away? The Market can only continue down until people stop taking money out.

[ErinBerin84]

6. and Jim Cramer is calling the Democratic party "Bolshevik-leaning"

[iamthebandfanman]

9. Jim Cramer is a lying CROOK and THIEF

and contributed to the downturn of the economy(along with every body else who thought it was a game to be tampered with)with the recommendations he gave people over his television show


and beyond that, hes admitted in interviews to finding ways around the law so you could manipulate prices without breaking the law...

http://www.youtube.com/watch?v=vfWSRuNm6do

watch him explain how he ripped off people and manipulated the market TO BENEFIT HIMSELF

not to mention ALL THE BAD ADVICE he gave people on TV to benefit himself!

http://www.youtube.com/watch?v=_nkZ3eHeXlc

[ErinBerin84]

12. agreed.

[otohara]

8. MSNBC is Unwatchable Until The 8PM Hour

all day bashing of Obama and their constant talk of Limbaugh's power over the GOP is nauseating.

[zbdent]

7. They wrote it at the point where it became apparent that Obama was going to

be the Dem nominee ...

They wrote the companion piece, the "yang" to the market failing "yin", at the same time.

This is their game plan, and I believe it comes from old-school debating techniques. You are given an issue to debate. You are just not given until the actual debate whether you are pro or con. Once the circumstance becomes clear, you use the one which favors the situation.

Why else would they have the perfect "defense" for the Republican who breaks the very same law/rule that they make a huge issue of when it's a Dem?

[sakabatou]

10. As I have said again and again

Republicans and right-wingers have an 8-year amnesia.

[crazylikafox]

11. CNBC also spent the entire morning today blaming Obama on the stock market drop.

Among other things, they're saying that ALL americans will be getting immediate tax hikes, and that this spector is killing the economy. No rebuttal. Those talking point memos must still be going out every morning to the faithful.

[high density]

16. Hilarious

Especially when considering most of our income tax withholding amounts (and the associated tax rates) will go down by April 1.

[spanone]

13. leave it to murdoch to turn a once revered paper into toilet tissue

the 'media' does not like democratic presidents

[olegramps]

14. WSJ. Do you mean the Wall Street Urinal?

[high density]

15. The WSJ are Hooverites now?

I.e. Do nothing and everything fixes itself on its own? It's funny they're talking about the recession being 15 months old when in fact the official indicators for that weren't even available until last fall, and in the meantime we had their best and brightest like John McCain telling us that the fundamentals of our economy were strong.

I figured these WSJ-types would want all this free money that the Feds will be spending in the next few years.