"As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem." article here
Gee. Who'd a thunk it.
4 comments:
Ridiculous article. Ridiculous "I told you" response.
The premise: we have a 15-month-old recession that Obama, who has been in office for a month and a half, hasn't pulled us out of. Told you!
The markets have fallen off sharply since (conveniently) the temporary high point three weeks before he became president (please ignore the three months of freefall prior to then). Told you!
AIG got bailed out for the FOURTH time (who was it who bailed them out the other three?)! Told you!
The guy has hardly had time to get anything started, but here you all are, chomping at the bit to blame Baby Antichrist Hitler for things not being immediately better. "The market" hates his policies even though the public is overwhelmingly positive about them? I don't buy it. Maybe things are bad because the system is really, really messed up. Maybe the market is falling because every financial report released in the past quarter have been overwhelmingly bleak.
Nah. It's that liberal's doing. Told you.
Yeah! That Wall Street Journal! They are just ridiculous.
Nah, Obama has faltered and fumbled. Numbers don't lie. Dow over 9000 when Bush left, and Obama's continual bailouts and misguided Pelosi pork package cemented things, and we see the result. Dow at below 6800. Yikes. And to boot, he's angered the country with his pork. Tea parties from coast to coast! He said he would come to Washington to be ethical, and yet his first many cabinet picks were illegal scofflaws. Worse, he went ahead and hired them! Yes, a different kind of politics all right. Lobbyists abound. Pork and earmarks are back in, in a bigger way than Bush. He has already ticked off Netanyahu and Brown, like, our only two allies left, and Medvedev already has the upper hand (No haggling!")
I told you it would happen. I was wrong though on one score. I thought it would take longer!
Some Dems are beginning to feel the same:
Democratic Revolt May Slow Obama Agenda
http://www.cqpolitics.com/cq-assets/eap/static/dem-revolt1.html
Since when is the stock market any indicator of a healthy economy? Hell, the stock market and the dingalings who put their money and faith in worthless pieces of paper are THE problem. The sooner the stock market hits rock bottom and all the idiots lose what they thought was money, the better! If Obama is crashing the market, I say, "Good job and keep up the good work!" Let's get back to REAL value.
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