I think it is safe to say that the financial market has rejected and lost confidence in President Obama's economic policy. The Dow dropped another 250 points today and over 2000 points since being elected. It seems to get worse every time the White House or Congress implements
some sort of socialistic plan. You rarely hear the main stream media associate the fall in the market with Obama and his economic policy as you would have during the Bush years. The latest Rasmussen daily presidential tracking poll indicates that the American populace maybe getting sour on Obama as they see their 401K value drop to nothing. I think the market and his approval numbers will plummet further when the other bailouts are announced. Stay tuned!
Monday, February 23, 2009
The financial market crumbles under Obama economic policy
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Sure - but - he's still blaming this on the Bush administration. The guy has no sense at all!
ReplyDeleteWhat really concerns me is that it seems they want the entire market to completely crash. It's almost as if they want to reboot any presence of a market and start fresh implementing their brand of insanely large centralized EVERYTHING. The United STATE of America.
ReplyDeleteWell, Pelosi will undoubtedly push to have our country renamed Africomo or some such nonsense. Our national mascot will be the salt harvest mouse. Our armed forces will turn to teams of activists who go over and beg for forgivness.
It doesn't surprise me that these progressive morons want to reearange the country. Everyone with good sense knows what a liberal is about. What surprises me is the amount of people who still refuse to believe it!
I definitely agree that more people will be voicing their disapproval. I only hope we can stall this for 4 years!
So far the signals are not good but it is still early in his administration.
ReplyDeleteI think it's still way too early to say that his stimulus plan will fail. He's only been president for over a month now. While it's clear his approach is unpopular on the far right, popular polls on Obama's address to congress last night showed a strong increase in public support for his plan.
ReplyDeleteAnd for the record folks, if you really think he's inciting a socialist revolution, cut the dramatics. He's certainly not without his flaws, but it's taking civil discussion into hesterics and wasting time.
Luke, How can it succeed when only 7% of the pork bill was stimulus and the rest is government expansion.
ReplyDeleteHarrison, You are right, it is early in his Admin. and he already is damaging this country beyond repair.
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