Investor's Business Daily examines the market sell off (30% in six weeks).

My favorite quote:

"Business leaders are demonized. Yes, there are bad eggs out there like the Madoffs and Stanfords. But most CEOs are hugely talented, driven, highly intelligent people who make our corporations the most productive in the world and add trillions of dollars of value to our economy.

They don't deserve to be dragged before Congress, as they have been dozens of times in the past two years, for a ritual heaping of verbal abuse from the very people most responsible for our ills — our tragically inept, Democrat-led Congress."

Obama misspent his "mandate" when he outsourced the spending bill to Pelosi/Reid.

Why?

Did Obama owe them for his victory? Was his transition team too lazy to draft something on their own? Was his plan to have Pelosi/Reid own this travesty all along?

Or is Obama just a charlatan, slippery enough to hide his hard-core lefty ideology from a gullible public hungry for change after two decades of Bush/Clinton/Bush?

I'm not sure America would have given Obama a "mandate" for European style socialism had they known the truth. It's unfortunate he was abetted by the media (derelict in its duty) because the real cost of this debacle is now becoming clear. As Kudlow wrote a month ago capital is on strike and all those evil CEOs progressives decry provide the ornaments of civilization.

There is hope though! Congressional approval ratings were at an all time low in July (Gallup) and this cadre of miscreants (Pelosi/Reid/Dodd/Rangel/Frank) will be put before the American public again in 2010.

Related
Tea Party USA Watch: Taxpayers coming together

Labels: dodd, liberals, obama, pelosi, rangel, reid