Knowledgeable traders with years of experience are killing the DJIA as they react to the aftershocks of the policies Michael Boskin wants to retain. The DOW is a symptom, it's a measure. He's gone so far as
to submit his fear-mongering to the Wall Street Journal, the very same place all the practitioners of derivative voodoo look to when they want to read the tea leaves.Investors react to fear-mongering by losing confidence - and selling off their stock, which fuels the fears that Boskin has already stoked. When Obama warned people that the other side would use fear to attain their goals, I wonder if he anticipated somebody willing to extend the economic crisis that is causing such suffering in the middle class?
Obama isn't killing the DOW by trying to reverse the momentum of the U.S. economy; we can't survive Boskin's idea, which is to sit by and hope it gets better. That's not how hope gets used, but it's apparently how Boskin uses the WSJ.
