The LA Times' James Rainey is reporting on the new post-election trend in the right-wing media ...

"The Obama recession is in full swing, ladies and gentlemen," Limbaugh told his radio audience of 15 million to 20 million on Thursday. "Stocks are dying, which is a precursor of things to come. This is an Obama recession. Might turn into a depression."

Apparently the tanking of the real estate market, record losses in the auto industry, and massive failures in the banking and investment industry have very little to do with our problems. The economic system is collapsing, Rush wants us to know, because it anticipates the tax increases Obama has pledged on capital gains and for the highest income earners. ...

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