Barak Obama named Timothy F. Geithner as Treasury Secretary and Hillary Clinton as Secretary of State. Result? The highest market bounce back since the recession started under George W Bush.
Sounds like he's still out to crash those markets, not fix 'em.
And any educator worth his weight would be the first to tell you that degrees do not make an opinion correct by default. In fact, most would agree, it serves to encourage skeptisism. If you are going to present a perspective or argument I suggest you be prepared to support said opinion without falling back on the "someone with a PhD said..." defense.
Ooh Ooh! I have a PhD in Economics! So here is my market arguement -
Okay, the current market crisis is a combination of banking laws passed under the Clinton administration (banks tanking ftw) and Bush invading Iraq (high gas prices causing the car industry to tank ftw), although in the latter case a oil surplus is helping the fix the problem for the time being.
It's all fairly simple and straight-forward.
Oh, and the fact that the banks who were about to tank deliberatly waited until the middle of the election to spill the bad news in order to help a democrat-elect become president, when their analysists had probably told them for years that they were going into the shitter....but we need to wait for proof on that one.
