The Treasury Secretary today said that the government with private investment assistance will start buying toxic assets off bank books and the Stock Market responds positively.
Wonderful. Another great policy from the Obama administration to fix the Bush economic collapse and we are getting closer to the market value when Obama took over. Uh oh, who will Conservatives blame when it is back up? I am sure once the market recovers to above the point Obama inherited that a new tool will be used to measure his failures. Any guesses which one?
Oh wait I forgot the conservatives blame Obama for the decline from the point that Obama won the election. So even if you can't affect the market, you are repsonsible for its decline instead of the administration in power. So Obama has to fix some of Bushes decline before the the conservatives have to tell a new lie about how Obama is causing the economic problems. But since unemployment is slowing it is hard to imagine what new like they will choose.
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