Media Blog

Obama the ‘Grownup’ Isn’t Calming Markets

As the Dow Jones sinks below 7,000, I think back to formerly conservative Andrew Sullivan touting how “grown-up” Barack Obama would restore calm in the markets. From the October 17, 2008 Diane Rehm Show on National Public Radio, just after Sullivan claimed Gordon Brown and Obama were calming while Bush was not:

Bush at this point, I think largely because of Katrina and Iraq, is unable to use the authority of the office to calm people or the markets, and I think until this election is resolved, the markets will not stabilize. They need to know there is a grown-up back in the White House.

Tim Graham — Tim Graham is Director of Media Analysis at the Media Research Center, where he began in 1989, and has served there with the exception of 2001 and 2002, when served ...

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