July 18, 2010

They Should Have Paid Attention To Us, Part _______ (Fill in the Blank)

Filed under: Business Moves,Economy,Taxes & Government — Tom @ 11:16 am

From Mort Zuckerman at US News (HT Hot Air via Instapundit):

Obama’s Anti-Business Policies Are Our Economic Katrina
His gratuitous and overstated demonization of business is exactly the wrong approach

Read the whole thing. It’s a great dissection of the situation and a bit of a tribute to American economic exceptionalism … from a guy who voted for Obama, and who either didn’t do his homework or somehow convinced himself that the Democratic Party nominee’s campaign rhetoric would be thown away on Inauguration Day.

Mort, you can’t say that the warnings weren’t out there. You and way too many others refused to pay attention. As a businessperson, you should have recognized the beginning of the economic Katrina when it began — roughly five months prior to the 2008 presidential election.

Yours truly recognized the beginning of the economic Katrina just over two year ago. My name for it was and remains “the POR (Pelosi-Obama-Reid) Economy.”

Of course, the fact that I recognized it isn’t nearly as important as the fact that many entrepreneurs, businesspeople, and investors also recognized it and reacted accordingly. Many of those who didn’t catch on to it in June of 2008 did so a couple of months later when Fannie Mae and Freddie Mac imploded and the orchestrated crisis that led to TARP unfolded.

But you missed it, Mort. It was right there in front of your eyes. You only had to be willing to see it. You weren’t.

We could use an “I was wrong, I am sorry” from Zuckerman and a whole host of others.



  1. but but but… that war-mongering wrinkly, old white-haired dude and his idiotic running mate who claimed she could see Russia from her house would have been soooooooo much worse…..

    that’s their defense, more or less.

    Comment by Jason — July 18, 2010 @ 7:35 pm

  2. [...] As noted Sunday in discussion of the economy, which Mort Zuckerman calls “Obama’s Katrina,” it’s been that way since the POR (Pelosi-Obama-Reid) Economy began in June 2008. What the Fed has been doing for almost two years has largely added to it. [...]

    Pingback by BizzyBlog — July 22, 2010 @ 9:19 am

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