...if arbitrary round numbers are your thing, the Dow passed a big one on Tuesday, closing above 18,000 for the first time. And that brings us to the worst op-ed in history. On March 6, 2009, former George W. Bush adviser Michael Boskin offered whatever the opposite of a prophecy is when he said that Obamas Radicalism Is Killing the Dow. Now lets set the scene. Obama had been in office for less than two months at that point, and in that time, stocks had admittedly fallen a lot as markets worried that the big bank bailout known as TARP wouldnt actually be enough to save the banks. It got so bad that Citigroup briefly became a penny stock. Boskin, though, didnt think that this once-in-three-generations financial crisis was to blame for the market meltdown. Instead, he blamed it on Obama for ... talking about raising taxes?
Posted on: Fri, 26 Dec 2014 10:47:17 +0000
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