Friday, March 06, 2009
Are markets scared of Obama?
Another day, another bad day at the stock market.
What are these markets saying?
How about "we don't think that Pres BO has a clue"!
Ben Steverman has an opinion:
"At least on Wall Street, the honeymoon is over for President Barack Obama.
Polls still show the President has strong popularity among the general U.S. population, and Obama continues to command power in Congress.
But among investors, fairly or unfairly, there is griping that the new Obama Administration is at least partly to blame for the recent slide in stocks.
Since Nov. 4, Election Day, the broad Standard & Poor's 500-stock index is off about 25 percent, and since Jan. 20, when Obama took office, the "500" is down 15 percent."
Perhaps, Wall Street is afraid.
MICHAEL J. BOSKIN thinks so:
"The illusion that Barack Obama will lead from the economic center has quickly come to an end. Instead of combining the best policies of past Democratic presidents -- John Kennedy on taxes, Bill Clinton on welfare reform and a balanced budget, for instance -- President Obama is returning to Jimmy Carter's higher taxes and Mr. Clinton's draconian defense drawdown.
Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society.
The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined." (Obama's Radicalism Is Killing the Dow )
Dear Pres BO: Drop the "I inherited" stuff!
It is Pres BO who is blowing up our debts! It is Pres BO who is turning a bad situation into a very bad situation!
Boomberg has another headline: ‘Obama Bear Market’ Punishes Investors as Dow Slumps!
Dick Morris is predicting a tough short term future: COMING NEXT YEAR: OBAMA’S INFLATION
It's easy to over analyze "the ups and downs" of the stock market. However, the investors are not happy, specially since Obama won the election!