The tanking stock market isn't Joe Biden's fault, they say.

 

Now to be sure, in many cases a tanking stock market is indeed not the fault of the sitting president. It's the fault of bad ongoing decisions in monetary policy, or a response to poor economic conditions brought on by his predecessor.

 

But I'd say Biden's actions have plenty to do with the problems we're seeing right now.

 

Anyway:

 

It's not his fault, we're told. Presidents aren't responsible for falling stock markets.

 

But uh-oh:

 

Biden took credit for the rising stock market in January. The stock market "has hit record after record after record on my watch,” he said.

 

So is the idea that we congratulate him for a rising stock market, and hold him blameless for a falling one? Only a White House press secretary could expect us to go along with that.

 

And in fact, when confronted with this inconvenient quotation, the press secretary flipped through her notes to find out what the pat response was, and she proceeded to read it to reporters. "Putin's price hike" of course made an appearance, as did COVID -- a "once-in-a-generation pandemic." (They're planning to act like this every generation?)

 

But COVID had been around for two years by the time Biden bragged about the stock market, so how does he suddenly get to blame a declining COVID for his problems five months later?
 

Meanwhile, important as it is for us to write articles and make videos explaining to the public what is happening, we also have to think about ourselves and the position the situation puts us in. In the libertarian world we are long on theoretical articles and short on the practical, how-the-hell-do-I-survive-this counsel people need.

 

If you run a business or plan to start one, you will be very happy you listened to your host here:

 

http://www.tomwoods.com/listentowoods

 

Tom Woods