“ ‘Because the Obama economy was so weak all of these years we had just artificially cheap money.’ ”

That’s Fox News commentator Sean Hannity explaining away Monday’s stock-market crash, which resulted in the biggest single-day point drop ever recorded on the Dow Jones Industrial Average DJIA, -0.87% . (Thursday would bring the week’s second quadruple-digit Dow washout. It was the index’s second worst one-day point decline ever.)

“Now what’s cheap money? Cheap money is when you can borrow at ridiculously low rates,” he continued. “The era of cheap money at some point has to come to an end. The government has artificially, the Fed has artificially kept the price of money down and the price of borrowing down, and now that’s going to come to an end.”