Barry Ritholtz Follows My Lead

Yesterday, I managed to alienate "Gus," a commenter at BadgerBlogger--and probably some other folks who are either un-schooled in Econ 101, or who are simply political opportunists (to be polite).

Today, Barry Ritholtz picked up my lead.

Excerpts:

...The latest idiocy coming out of the usual collection of misfits, dolts and cheerleaders is that the last 20% leg down in the market is pretty much all President Obama’s fault.

...This collection of seers, pundits and talking heads have a track record that would make the 1927-1933 group of Pompous Prognosticators blush with pride. Their sterling track record includes:

--Failing to recognize the importance of the Housing Boom;
• Not understanding the impact of ultra cheap credit;
• Failing to notice the economy weakening appreciably in 2008;
• Missing all of the warning signs of distress in firms as varied as Bear Stearns, AIG, Lehman, Citigroup, Freddie Mac, Wachovia, Countrywide and WAMU;
• Utterly missing the most telegraphed recession in history;
• Believing the sub-prime problems would be contained;
• Expecting the rest of the globe would decouple from the US economy;
• Believing that deregulation was the path to prosperity

Yes, Mr. Kudlow, he's talking about you, you moronic twit.

And then there's the Bush Stock Market Crash, for which he provides a chart (above). That's the NASDAQ Index from 9/1/00 through 3/5/01.

IOW, folks, get a life outside of political prostitution.