The market is off sharply today; some stockbrokers say that one factor in the current decline is the growing prospect of an Obama presidency. Be that as it may, this chart, which comes from this site, helps put the current turmoil in perspective:
Via The Corner. The fundamentals of the economy are indeed strong, and John McCain shouldn’t hesitate to say so. The quadrennial “greatest crisis since the Great Depression” is always an excuse to socialize something, thereby killing the engine of American prosperity. Let’s not let it happen.
To comment on this post, go here.