If the ‘rescue’ was supposed to restrore confidence in the markets it did not work. But perhaps the rescue is trying to solve a problem in the market unrelated to the banking and Fannie Mae scandals.

Perhaps the greater correlation is between the dramatic drop in the markets and the dramatic rise in Obama’s polling numbers.

Obama’s prescription of higher taxes, more regulation, less free trade, and more unionization is an economic disaster. Added to a fragile market and absurd debt levels he is courting another depression. Perhaps this is what the market is telling us.

Remember the Carter Syndrome; just because everything seems screwed up does not mean that some one can not make it worse.

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