Dick Morris is hit or miss, and I can’t say I’m sure which it is with this column:

In addressing this panic, the president of the United States must truly be the leader of the world — showing the way back to confidence.
Instead, Obama has been instrumental in purveying fear and spreading doubt. It is his pronouncements, reinforced by the developments they kindle and catalyze, that are destroying good businesses, bankrupting responsible people and wiping out even conservative financial institutions. Every time he speaks, he sends the markets down and stocks crashing. He doesn’t seem to realize that the rest of the world takes its cue from him. He forgets that he stands at the epicenter of power, not on the fringes campaigning for office. This ain’t Iowa.
Why does Obama preach gloom and doom? Because he is so anxious to cram through every last spending bill, tax increase on the so-called rich, new government regulation, and expansion of healthcare entitlement that he must preserve the atmosphere of crisis as a political necessity. Only by keeping us in a state of panic can he induce us to vote for trillion-dollar deficits and spending packages that send our national debt soaring.

There’s a note of truth to that, but time must pass — and escalating, leveling, or waning pain — before such pronouncements can be judged.
And then, of course, there’s Obama’s first deficit:

(via Drudge)