Does Pres Obama understand that he won the election?
Or that he was inaugurated about a month ago?
Why is this guy still campaigning?
Yesterday, Pres Obama came out and attacked Wall Street.
What happened? The markets tanked at the end of the day.
Peter Wehner has some thoughts for our "campaigner in chief:
"The markets — which are not seduced by charm, a million watt smile, and a nice turn of phrase — have reacted quite negatively to Obama’s plans, or in some instances (like banking policy) his failure to produce a plan at all.
“Basically, the market’s giving you no vote of confidence on the Obama administration’s approach to solving the economic woes the country is facing.”
The gap between how Obama described the so-called stimulus bill and the actual legislation underscores my point;
contrary to promises of a new approach to politics, the bill embodied the worst of Congress (ramming through a 1,000 page bill, the most costly in our history, without a single member having read it) and the worst of the modern Democratic Party (using an economic crisis to fulfill a decades-old spending wish list).
There are costs to things like this.
At some point, reality intrudes, and it can be jarring."
The markets are not Republican or Democrat, liberal or conservative.
The markets just want some direction. So far, they are not reacting well to the "campaigner in chief"!
