Obama said yesterday that he can't let the market's "day to day gyrations" effect his plans. Sooooo, when the market loses half its value and 12 years of gains are wiped out it's just regular gyrations?


Wall Street has a supersensitive psychology all its own. You might recall that the market once made a big move just because Fed chairman Alan Greenspan said we were experiencing "irrational exuberance". It has tanked as much as it has because of Obama's massive spending programs, class warfare rhetoric, leftist reputation and intentional use of terms like "crisis".