February 27th, 2009
12:39 PM ET
13 years ago

Cafferty: Should Pres. Obama be more positive about the economy?

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President Obama is a preacher of doom and gloom when it comes to the economy, according to Dick Morris. He writes the president is making the crisis worse. “Instead of being a firewall, reassuring Main Street even as Wall Street crashed, he has become a conduit of panic, spreading the mood of desperation from the stock exchange floor to kitchen tables across the world,” said Morris.

Morris describes Mr. Obama as a “global Paul Revere” and says every time he speaks, he sends markets down and stocks crashing, and that the president doesn’t seem to get the fact that the rest of the world takes its cues from him.

Dick Morris thinks the president is talking this way in order to keep people in a state of panic so he can pass through his agenda — from spending bills to tax increases to government regulations. He believes the longer the economy continues to deteriorate – the more difficult it will be to pass the blame off on President Bush.

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