President Obama has been getting a lot of flack lately, because the stock markets are tanking. And most of that flack is really unfair.

There seems to be a consensus building -a false one- that as long as the stock market drops, it is an indication that Obama is doing a bad job in managing the economy. In conversations about this, people routinely use the terms 'markets' and 'Wall Street' synonymously.

And that's a mistake.

Politically, ideologically, and rationally, we have to understand the difference between 'the markets' and 'Wall Street'.

President Obama -like all leaders- needs to do what is in the best interest of the markets. Not of the various 'Wall Streets' around the world.

Wall Street is a euphemism. It's a euphemism for big investors, big brokerage houses, big companies, big banks, and big interests.

The market is what really matters. The market is all about investor confidence, investor integrity, financial oversight, fiduciary accountability and economic responsibility.

The problem that leaders like Obama are facing is that what is best for the market, is not what is best for Wall Street.

Wall Street wants to go back to the party. Back to making insanely dangerous deals for short term payouts, long term bonuses, and big time bail outs.

Wall Street wants no regulations. They want to continue to wreck the value of global currencies, bankrupt nations, and continue the suppression of wages of the middle and working classes.

Wall Street doesn't want to pay taxes, doesn't want to go green, and doesn't want anyone looking at their books.

Wall Street wants to live in a world with stocks are over valued, and assets are over leveraged.

That's not what is best for investors. That's not what is best for the market.

The market needs to be fair. The market needs to have integrity. The market needs to know that it has an honest chance of making an honest buck.

The market is crying out for order and discipline. The market is crying out for honest trading, and consumer confidence.

The market is not asking for guarantees. Just real oversight.

Obama is right to ignore the stock tickers -for now. Wall Street needs to be revalued. It needs to hit rock bottom. It needs to be measured for what a market should be measured for: real potential for a return, real confidence, and real results.

For the last 20 years, we have been living in a fantasy world where a nation that produces nothing, has a serious inflation problem, and a massive long term debt issue, can have a stock market nearly double in a decade.

Wall Street needs a reality check. Wall Street may not like it, but that is exactly what is best for the markets.


MoonBat