By early March when the stock market was finishing the collapse started last fall conservatives and prognosticators like CNBC's Jim Cramer were quick to blame Obama and his policies for “the greatest wealth destruction I have seen by a president.”
Flash forward a couple of months and the Dow Jones is up 25% from the low reached in early March and overall up 3% since Obama became president on January 20. So where is the media and conservatives now? Are they give Obama credit for 25% increase? How about the 3%? The silence you hear is deafening.
It's all part of the "Blame the Democrats First" approach for anything and everything. Now the economy is far from settled and its hard to tell whether the market is recovering and stopped dropping, or if this is a temporary uptick, but it is ridiculous to try to assign blame this early in an administration when any policies implemented have just started.
Especially considering the circumstances President Obama inherited. Outside of what President Franklin Roosevelt saw in 1933 it is hard to imagine becoming president under much worse circumstances. The global economy was teetering on collapse, the U.S. was involved in two wars (one of which contributed greatly to the currently budgetary problems facing the country) and the country was dependent upon financial system that had rotted from eight years of neglect.
Yet conservatives basically proclaimed anything other than an immediate turnaround meant that President Obama was at fault. It's not hard to understand the reasoning. After eight years of a disastrous presidency the GOPHers wanted to shed blame and responsibility for their actions. Unfortunately for them, as Abraham Lincoln said "You may deceive all the people part of the time, and part of the people all the time, but not all the people all the time."
The people don't seem fooled.
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