Just the idea that the MSM is putting out that bad economic news favors Obama is incredulous.

The simple idea that to decrease price you need to increase supply is beyond the liberal democrats in general and Obama in particular.

The idea that we can't get oil from drilling until five years from now, and, therefore, it won't help today, but research into alternatives that are either 10, 20 years away or completely infeasible makes a lie any claim that Obama has to economic expertise.

Then there is health care. He seems to think that coming up with billions of dollars to pay for everyone to be insured will solve the problem.  But health care is a scarce resource.  Too much money chasing too few goods makes the price skyrocket.

The only way to increase the availability of health care is to increase the supply.  We need to increase the numbers of doctors, nurses and hospitals in this country.  What Obama wants to do will exacerbate the situation further.  If we control the price (though not the cost) of health care, somewhere along the line, doctors will be paid as salaried employees. And pretty low salaries at that.

I don't doubt there are many doctors who go into the business for altruistic reasons, just as I'm sure people go into teaching for altruistic reasons. But to ask someone to spend that much time and money getting a medical license, and then pay them very low wages, will test the altruism of even the most well meaning pre-med.

If we try to have government control healthcare, we will have mediocre care for everyone, with month-long waiting lists for medical care, and days-long care for emergency treatment.  Say good bye to innovation.

We could, like the UK, go overseas to get the doctors we would need.  But the solution for the medical personnel shortage in the UK merely exacerbated the security problem there, with some of the newly imported medical personnel being implicated in some of the terrorist attacks.

Let's make sure everyone can buy a house.  If they can't afford it later on, we'll have the government buy up all the bad mortgages and latter we can accuse the people we forced to lend money of lending money to people who can't afford houses.

We don't like companies taking jobs overseas?  Let's increase their taxes and that will make them want to bring the jobs back (sarcasm).  Obama will stop companies from taking jobs overseas.  He'll make the whole company relocate overseas.

And of course increasing the taxes on big corporations will cause them to create more jobs (more sarcasm!).  Eating into the revenues of big corporations simply means higher prices and fewer jobs.

Let's increase the capital gains tax.  Obama knows it won't result in increase revenues.  He has admitted exactly that.  He just wants to do it out of fairness.  Can anyone explain that to me?

Tax cuts for the middle class!  Who cares that many of the people that Obama wants to help with his tax cuts already pay little or no taxes.  Let's give them a refundable credit.  Never mind that this is nothing but enforced charity (the lowest kind, according to Maimonides).  But of course, we can't call it charity.  Proud American's don't take charity.  Handouts from the government are another matter.  Besides, if it really were charity (instead of a government program) we might actually have a large percentage of the money actually getting to the people that need it.  We can't have that.  Not in Obamaland.

I don't care how many Clinton aides Obama has around him.  The only thing to recommend them is that they happened to be working in the government during the tech bubble.  If anything, that disqualifies them from having any knowledge of economics since their views are skewed by having a growing (or bubbling) economy during their tenure.  Anything they did worked.  Experience is about knowing what won't work.  These people know nothing of that.

We are told that he was a great student in school.  I guess he never took Econ 101.