Finally after Obama has been destroying the economy ever sice he got elected to office (or should we included ever since he started running) GWBs policies have started to help the economy rebound.
i agree with barry: obama is to blame for all the ills of the world.
i figured i should make a new thread so that we can list them ALL.
here are a couple to start:
ukraine’s currency problems;
over-exposure on the part of western european banks to eastern europe;
the collapse of asian exports at the end of q4, 2008;
the fragility of the japanese banking system;
the large scandal at the indian firm satyam that has acted like an anchor on the sensex;
american dominance of the imf (greater than 85% of voting share), and therefore Fund staff insistence on developing sba program requirements meant to appease the europeans, which are rapidly destroying the economies of central and eastern european countries like latvia and (soon) bulgaria.
seriously, fund staff knows currency pegs and boards are fucking bullshit - so clearly obama is to blame for their inclusion.
american current account deficits of over 5.5% of GDP in 2006 and 2007. that was 100% pure obama.
It is Obama’s fault that my Valentine’s Day roses are all dried up but still sitting on my table because I don’t want to throw them away. Damn Obama for making me sentimental!