As the recent financial services sector debacle has become front page news for a week, the rookie Senator from Illinois is fanning public hysteria by comparing the current situation to the Great Depression.
Nevermind that the freshman Senator probably wouldn't know the difference between a depression and a recession. Or that we aren't even in a recession yet, let alone a depression. Or anything like the Great Depression.
It's further evidence of the Democratic party's Presidential candidate's 'gloom and doom' candidacy to be causing panic by alleging that troubles among sophisticated investors with counterparty risk somehow have something to do with the safety of savings of, to use the shopworn phrase so favored by Democrats, 'hardworking men and women.'
At least it's become clear to all that Obama is now reduced to using pure scare tactics amongst the lower-income crowd to attempt to put so much fear into them that they'll vote for him, hoping he is some black knight riding to their rescue.
Of course, nothing could be further from the truth. Obama barely understands the current financial services debacle. That's why he's staying silent about it.
But at least he could refrain from telling outright lies to cause panic among 'hardworking Americans,' couldn't he?
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