Pres BO made a statement about the US economy:
"Stocks fell on Monday as a statement from President Barack Obama fell short of addressing worries the recovery is faltering, while investors looked ahead with caution to important economic data coming this week.
Obama said he had discussed additional steps to help the recovery with his advisers, but the speech did not contain any concrete measures, and stocks, already down, fell further." (Reuters)
What is new? Pres BO blames Pres Bush but the markets are not buying it!
Someone should send Pres BO a copy of Prof Robert Samuelson's article:
"The recovery is a creature of confidence, or its absence."
"Stocks fell on Monday as a statement from President Barack Obama fell short of addressing worries the recovery is faltering, while investors looked ahead with caution to important economic data coming this week.
Obama said he had discussed additional steps to help the recovery with his advisers, but the speech did not contain any concrete measures, and stocks, already down, fell further." (Reuters)
What is new? Pres BO blames Pres Bush but the markets are not buying it!
Someone should send Pres BO a copy of Prof Robert Samuelson's article:
"The recovery is a creature of confidence, or its absence."
Pres BO can blame Pres Bush or everything that he inherited.
The markets would rather hear solutions or fresh ideas......they are not getting any of that......and that is why we have confidence crisis.
