Obamagasm Interuptus

Woo-woo, the great devil Bush is gone tomorrow. Reporters are lighting cigars, and liberal activists around America are savoring their victory.

Too bad the markets around the world look like doo-doo:

Emerging Markets:





And don't forget the return of worldwide DEFLATION:




Of course the good news in all of this is if the markets crash again, Obama can simply blame Bush (and he wouldn't be entirely wrong in that, either), and simply claim a mandate to further muzzle the free economy, which is in my opinion completely misunderstanding the underlying nature of the problem...but hey, why let a few facts get in the way of a good story?

Check out this excellent, excellent post from the Evil Speculator that lays out simply why all this silly stimulus is doomed to failure.

And of course, check out my friend at the Mises blog for all their excellent work from the perspective of the Austrian School of Economics

Wouldn't it be a gas if the markets crapped out on the very day of the Messiah's Inaugural??