Like many of you, I, too occasionally wake up in the middle of the night, riddled with worry that Timothy Geithner's Plan 9 From Goldman Sachs to fix the banks forever with its superduper Toxic Asset Rapture is not going to work. This is understandable. Yet I have not, as yet, fallen sway to the siren song of the "Obama Recession," namely, the notion that the economy's collapse began with his election. This is because I can manage concepts like "calendars," and stuff. As noted yesterday, most of the American people seem to be of the same sound mind. According to a poll conducted by the Washington Post and ABC News, only 26% of Americans believe the Obama White House should take a "good amount" or a "great deal" of the blame.
But, as I said, "There have been numerous attempts to foist ownership of the entire debacle onto the Obama administration." But, hey, don't take my word for it. Media Matters has several examples of these attempts, made on your teevees and stuff. And these are just a taste! I mean, who can forget the media's brief infatuation with pretending that the downward trend in the DOW, prior to Election Day, wasn't that relevant? Anyway, here's a video of these instances, culminating in a rare instance of someone on the news actually admitting to knowing something about common sense.
So, at the moment, the public seems resistant to the idea that Obama caused the economic collapse or started the recession. That public perception seems properly informed has been of great benefit as the White House has implemented their plans. Naturally, if Obama's fixes only exacerbate the economic downturn, this well-informed public will likely withhold their goodwill.