Conspicuous by its absence from the list was a recent President who came into office with a budget surplus at a time when the Chairman of the Fed worried that the national debt might be eliminated! The idea of a lockbox for the Social Security surplus was scoffed at. A massive tax cut was passed that was predicted to result in a balanced budget down the road, and a war was started with a nation on false pretenses not to mention a highly dubious election win. This President signed every spending bill that came across his desk. Help me out here...should this President be on the list? Have the pundits gotten Alzheimers all of a sudden?
Rick Santelli from the floor of the New York Stock Exchange had a great line this morning. He cited FDR as saying that "the only thing we have to fear is fear itself " and quipped that, apparently, he wasn't looking at Congress. Maybe the teapartyers are to be feared as well?