The buck stops here Mr. President

"The buck stops here" is a phrase that was used by President Harry S. Truman, who kept a sign with that phrase on his desk in the Oval Office. The phrase refers to the fact that the President has to make the decisions and accept the ultimate responsibility for those decisions. President Truman would not "pass the buck" to anyone else. President Truman accepted personal responsibility for the way the country was governed and the state of the economy.

Is this what President Obama did in his speech this afternoon? On the contrary. This President has never personally accepted any responsibility for any decisions he enacted that might have harmed our country and its economy. It's not his policies of bank bailouts, auto bailouts, a nearly trillion dollar stimulus, "cash for clunkers", 99 weeks of unemployment, housing credits, new job destroying financial regulations, and finally Obamacare with new tax regulations that would raise costs for everyone that are hurting the economy. The President blamed the ratings agency, Japanese earthquake and tsunami, European uncertainty, Arab unrest, Republican political gridlock, George W. Bush, oil companies, corporate jet owners and finally, millionaires and billionaires who don't pay their "fair" share of taxes for the state of our economy. By the time he finished "reassuring" our country that we are a still a "AAA" rated country and that things would get better, the stock market had another historic crash today and dropped another 600 points. Read this article in the Wall Street Journal for one perspective and this article in The New York Times for another perspective.