Quote of the Day

Frank Rich:

“I was right 70 percent of the time, but I was wrong 30 percent of the time,” said Alan Greenspan as he testified last week on Capitol Hill. Greenspan — a k a the Oracle during his 18-year-plus tenure as Fed chairman — could not have more vividly illustrated how and why geniuses of his stature were out to lunch while Wall Street imploded. No doubt he applied his full brain power to that 70-30 calculation. But the big picture eludes him. If the captain of the Titanic followed the Greenspan model, he could claim he was on course at least 70 percent of the time too.

The Obama Economic Surge?

The Dow Jones has rebounded 623 points in the last three days, a 9.5% gain. I'm waiting with bated breath for all the "Obama Recession" bastards to give him credit for having the foresight to throw money at the problem and stem the tide.

The Obama economic "surge" worked! Why can't they admit that? Say it. SAY IT!

ADDING... Of course, I'm kidding. My point is that one has nothing to do with the other. It's all speculation based on insider news and confidence.

It's just very interesting and obvious that while the markets are doing poorly, President Obama's face is plastered all over the DJIA ticker, but when the markets are rallying, rags like Andrea Mitchell are trying to say the White House is taking credit for it while the MSM remains mum. Oh, they'll tell you the Dow is up, but the very next line isn't, "Is President Obama doing too much?" That's only reserved when the numbers are in the red. And please show me a quote where the White House taking credit that isn't intended as a joke, Andrea. And while you're at it kick your husband, Alan Greenspan in the scrotum. That scumbag was part of the problem.