The Anti-Churchill: Obama Talks, The Market Drops.

Dow plummets again.

All through the campaign Barack Obama told us not to listen to the “politics of fear.” These are the ways of the old guard, the naysayers, the negative ones - he said. Those who won’t sit and talk with the bad men are the warmongers - he called them. These are the guys who created our enemies, he inferred. Don’t listen when they use words like “terrorist” and ”disaster” and ignore the call to be vigilant. It’s a neo-con ruse. It’s a plot to scare you.

So what has our president been saying lately? The economic slump is a “continuing disaster,” he told us. He said the economy is “in crisis.” Back in December he told us it was “going to get worse.” Recently he warned of a “national catastrophe” if the stimulus bill wasn’t passed. He kept his speech before the joint session somewhat more positive in a stylistic sense (style points count when you blow off your promise about not tolerating any earmarks). But still, again down goes the Dow. (more…)