My newest piece
at Fox News begins this way:
Since Barack Obama’s election, the market has fallen for six of the eight days since Obama’s win. The Dow Jones Industrial average has fallen from 9,625 to 8,497, a 12 percent decline. The NASDAQ and S&P 500 have experienced similar declines.
The Wall Street Journal and others have labelled the drop the “Barack Market,” reflecting the higher taxes on everything from capital gains and dividends to income and increased regulations. They are right, but they are thinking much too narrowly. Much, if not all, of any recession and economic problems is due to Democrat policies.
The media focuses on the drop in housing prices, consumer purchases, or stock prices as the cause of economic problems, problems that they view as unrelated to Democrat policies. . . .
Labels: Economy, op-ed