Maryland Governor O'Malley, taking a page from the adoring media, served up another plate of Obama-mania in his annual state of the state address. According to our governor, Obama, Reid and Pelosi are going to come to the financial rescue of our state.

O'Malley's hope is that the pork-stuffed trillion dollar stimulus package, $3000 for every man, woman and child in the country, is going to lift the economic tide by doling out money to a variety of dubious causes; $50 million for the National Endowment for the Arts, $335 million for a Medicaid family-planning initiative to hand out condoms, and billions of dollars to groups like ACORN, obviously payback for their support of the Democratic ticket in 2008 (thankfully, the millions Pelosi slated for the condom initiative was later retracted thanks to the much consternated Rush Limbaugh and other talk radio hosts getting the word out to the public).

Yet despite this very flawed package, only 8% of which actually goes towards infrastructure building, our governor is acting as if the economic geniuses now in charge found a way to create wealth, and that we would be the beneficiary.

If only the rest of the world saw it that way.

Since Pelosi, Reid and the House and Senate Democrats took over the Congress in Jan 2007, the S&P 500 is down over 40%.

Since Obama clinched the nomination in June 2008 the S&P 500 is down almost 40%

Please don't allow facts to get in the way of the platitudes and adoration being heaped upon the new congress and president. But the fact is, the Democrats have ran the economy into the ground in the 2+ years they've been in charge. And those who have money at stake are betting that the Obama presidency and resulting move towards Socialism will only further exacerbate the financial crisis.