When the market tanked 300 points on the 17th of February, Malkin was quick to cry that Obama had presided over a 2,000 point tumble, stating that when Obama won on November 4th the Dow Jones Index read 9,625.28 and at the time of the post the DJI dropped to 7,606.53, a drop of over 2,000 points.
With the market now at over 9,300, the "drop" is only 300 points or so, but you will never see Malkin recant what she said. Her whole shtick is the ol' s*** slinging technique - throw a bunch of crap out there and see what sticks.
The funny part about it all is her argument was rather dumb to begin with. As quoted from her post:
On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28.
In mid-morning trading today, the day President Obama signs his massive Generational Theft Act into law and a day before he unveils a massive new mortgage entitlement, the Dow dropped to to 7,606.53.
Now, imagine if President Bush had presided over a 2,000-point stock market tumble in the same time period — during the first few months of his presidency.
Great start, O.
Just saying...
In reality President Obama presided over only a drop of, at the time, only 300 points. Obama took office on the 20th of January (as any educated person should know...) the DJI closed at 7949.09, meaning that it was in fact Bush who presided over a good portion of that "2,000 point drop".
That aside, the market ended up falling even further to its 52-week low of 6,547.05 on the 9th of March. If she would have waited only 3 more weeks she wouldn't have looked all that dumb, as Obama would, at that point, presided over a drop of over 1,400 points. But "2,000" looked like a good number at the time and when you can spin some of the Bush presidency as being part of Obama's (when it really isn't) then hey, what the hell, lets publish the post and see if it sticks (it didn't, thankfully).
Now, today, the DJI is up to over 9,370, yet there has not been a single post from Malkin about how Obama has presided over a 2,800+ point gain from the 52 week low back in March. Where is Michelle Malkin now? Oh right, another day, another post about the evil that is Michelle Obama - at least it isn't another Obamacorn or Obamacare post...ehhhh she'll be back Monday in full force with those posts.
Granted, the market could tank next week, erasing this 2,800 point gain. Who knows? The point of the matter is when things are going bad, Michelle Malkin and other conservatives are in full force, but when things are going well, you don't hear a peep.