Economy: Obama Strikes a Blow

Markets: Obama focused on one single problem in the financial markets. He was clear, leaving no doubt about what he's going to do and the purpose. He will do more if the credit markets don't loosen up. It was a great presentation and he's doing what a president should do; go one step at a time. The markets will really like this new step.

He gives the impression that he knows the financial markets (he doesn't) and we are left with the impression that his people certainly do know them and his actions will be constructive.

Focus: loosening up the credit markets. Period. No birth control, victim groups, and the rest. Now for AIG which is a media focus and a distraction. This is class warfare political posturing for the cheap seats and Obama is staying away from it. Chump change for the class warfare "envy of success" politics. The people who got the bonus money live in Europe and the money is for the new business they generated not for the things AIG did with the money. Anyway this is a show from that prick Barney Frank and the AG of New York who is trying to be governor.

There is plenty in our admiration of Obama that is actually a worship of hot air. Five Feet has a compendium of criticism of The Black Prince, HERE. It's worth reading because we ain't heard nothin' bad about His Blackness yet and to the Left nobody is Holier than a Christian minister who hates God. Or is it a God who hates Christian ministers? Anyway here's a sample excerpt which itself is an excerpt from a Hitch piece.....

"The unspoken agreement to concede the black community to the sway of the pulpit is itself a form of racist condescension. The sickly canonization of Martin Luther King Jr. has led to a crude rewriting of history that obliterates the great black and white secularists — Bayard Rustin, A. Philip Randolph, Walter Reuther — who actually organized the March on Washington. It has also allowed a free pass to any demagogue who can manage to get the word reverend in front of his name. The white voters who subconsciously make the allowance that black folks sure love to hear their preachers are not only patronizing their black brothers and sisters but also helping to empower white ministers or deacons who make the same pitch, from Jimmy Carter to Mike Huckabee. The Iowa caucuses of 2008 were not the end of our long national nightmare about race, but another stage in our protracted national nightmare of piety, 'uplift,' and deceptive optimistic windbaggery."

There is in fact, much in our admiration of Obama that is actually a worship of hot air. The above link offers some thought on the subject.

"It is fascinating how little introspection Sen. Obama's 'unity' supporters engage in -- they are usually the very people who most forcefully advocate multiculturalism, who scoff at the idea of an American melting pot and who oppose something as basic to American unity as declaring English the country's national language.

Go read.  Late Add: Obama is fucked anyway, John Kerry has just endorsed him.