Post hoc ergo propter hoc
Guess which 'movement' is employing classic post hoc ergo propter hoc logic these days as it applies to the markets and as defined thusly:

The post hoc ergo propter hoc (after this therefore because of this) fallacy is based upon the mistaken notion that simply because one thing happens after another, the first event was a cause of the second event. Post hoc reasoning is the basis for many superstitions and erroneous beliefs.

If you guessed the same 'movement' that blamed last fall's Wall Street meltdown on Barney Frank, ACORN and the CRA and now blames the market on Obama, you've won! ... Anyway, I show off my very limited Latin only because I got absolutely flooded yesterday with two or three emails from members of the 'movement' noting how far the market has plunged since Obama took office. I sent a few of them back links to the February jobless numbers and asked if Obama could be logically blamed for those too. I didn't hear from them afterward. ...

The point is that conservatives, once again, have approached a major debate in a silly, shallow and narrow way, i.e. using Jim "Bear Stearns is fine" Cramer's post hoc ergo propter hoc logic of weath destruction, when they should be concentrating on the bigger picture, i.e. where Obama's policies are logically taking us. Fortunately, Reader No. 1 is pulling back a bit from the sound-bite side of conservativism and offers up some great reading:

I fear that:

(a) Ross Douthat via Mickey is right about the Obama team's thinking.

(b) Mickey is right about the logical outcomes - I speak from personal experience.

(c) As a consequence, see this link.

Ideas really do have consequences.

If he's talking about long-term consequences, who could possibly disagree? If he's talking about immediate consequences on the Dow, then he's engaging in nothing more than after-this-therefore-because-of-this BS that's going to allow Obama to steamroll over them -- again.  ¶ 6:40 AM