With the market plummeting and the president trying to blame the Fed for the crashing economy, the editors of the Journal said the source of the economic chaos can be found in the White House.
“After we warned last week that U.S. trade policy was courting recession, White House aide Peter Navarro took to Fox Business to denounce us for sounding like The People’s Daily, the Chinese Communist propaganda arm,” the editorial began before snarling, “That was novel as criticisms of these columns go, but perhaps Mr. Navarro would care to comment again after Wednesday’s recession warning from the bond and equity markets? Are they Commies too?”
View the complete August 15 article by Tom Boggioni from Raw Story on the AlterNet website here.