Bloomberg’s Eric Martin today declared that Obama is to blame for the stock market collapsing. Read this, from an article entitled “‘Obama Bear Market’ Punishes Investors as Dow Slumps”:

President Barack Obama now has the distinction of presiding over his own bear market. The Dow Jones Industrial Average has fallen 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years, according to data compiled by Bloomberg.

Well, here’s a question: What other unprecedented economic crises have we faced in the first six weeks of a new presidency in the past 90 years? Um, none? Yes, there was the Great Depression – but that doesn’t count, per Bloomberg’s own analysis, because Bloomberg is looking only at how the market did the first six weeks of a new presidency. The Great Depression’s market crashes happened at the end of October, and throughout November, of 1929, so Bloomberg doesn’t count that crash. How convenient.

It’s pretty clear that the media is gunning for Obama. Like a veil lifted from their eyes, the election of a Democratic president suddenly gives Bloomberg and all the rest the opportunity to be openly critical of a president again. So they’re going to do it, with gusto, regardless of whether the facts merit it. But blaming Obama for the economy he inherited, only six weeks into his presidency, when George Bush and his Republican economics spent eight years leading us into this terrible state of affairs, is really a new low in journalism, even by Washington standards.