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I was just watching Chris Matthews explaining how the Dow is President Obama’s “scoreboard” and how people are going to start getting angry at him soon if he’s not able to get the Dow to stabilized and start going up soon:

It is of course an entirely separate matter whether that is actually true — as to public response — and whether it makes any logical sense at all.

There does seem to be a certain lack of comprehension of the fact that there are economic realities, actual losses, underlying the steep stock market decline.

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Josh Marshall is editor and publisher of TalkingPointsMemo.com.
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