AP is worried

Usually an Obama cheerleader, even MSM AP is worried. Some astonishingly frank analysis:

And while his personal popularity remains high, some economists and lawmakers are beginning to question whether Obama's agenda of increased government activism is helping, or hurting, by sowing uncertainty among businesses, investors and consumers that could prolong the recession.

Although the administration likes to say it "inherited" the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama's still-young watch.

Every day, the economy is becoming more and more an Obama economy.

And they even dare to criticize our all-knowing President Barack Obama's stock-picking acumen:

The president's suggestion that it was a good time for investors with "a long-term perspective" to buy stocks may have been intended to help lift battered markets. But a big sell-off followed.

They dare to instruct our President Barack Obama that the market is not a mere poll, as he has stated with his ivory tower radical, professorial leftist unfounded confidence:

A higher percentage of people have more direct exposure to stocks — including through 401(k) and other retirement plans — than ever.

So a tumbling stock market is adding to the national angst as households see the value of their investments and homes plunge as job losses keep rising.

Duh. But they go on to SPELL IT OUT (you bleepin' econ moron):

Some once mighty companies such as General Motors and Citigroup are little more than penny stocks.

Many health care stocks are down because of fears of new government restrictions and mandates as part a health care overhaul. Private student loan providers were pounded because of the increased government lending role proposed by Obama. Industries that use oil and other carbon-based fuels are being shunned, apparently in part because of Obama's proposal for fees on greenhouse-gas polluters.

Makers of heavy road-building and other construction equipment have taken a hit, partly because of expectations of fewer public works jobs here and globally than first anticipated.

"We've got a lot of scared investors and business people. I think the uncertainty is a real killer here," said Chris Edwards, director of fiscal policy for the libertarian Cato Institute.

(Oh, no, if I've lost AP have I lost the country?)

More: Our President Barack Obama's Treasury Secretary Tim Geithner, who can't get anyone to work for him (are there no Democrats who maybe understand the economy who have paid their taxes?) and has been blathering about global warming to Congress to deflect questions about his tax troubles, now is not surprisingly revealed as an incompetent. HotAir: "Why the Aussies could have predicted Geithner’s incompetence". Australian banks are among the few in the world economy that are working properly, so I think we might heed them.

P.S. I am considering becoming a gospel singer to comfort and sustain me in my fast-approaching old age. (Can Catholics do gospel?)