The Dow fell another 251 points today to 7115, its lowest level since 1997.  There seems to be a strong inverse correlation between the frequency of Obama utterances and the value of the stock market.  It must be puzzling to the messiah why nobody (at least nobody whose livelihood depends on figuring these things out) believes that the federal government spending $850 billion dollars on chicken houses, exercise technique research, and overseas abortions will yank us out of the ditch.  According to Obama, it’s so simple:  “stimulus is spending.”   This level of naivete is staggering even for a die-hard Keynesian.  This is junior-high-civics-class-taught-by-the-volleyball-coach stuff.

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