The market dropped 391 points! I guess that there are serious concerns about the US economy, Greece, etc.
Yes, the world markets are worried about Greece because it could be followed by other countries.
However, I think is that there are also some serious concerns about Pres BO and leadership.
Frankly, Pres BO looks lost and projecting weakness.
Former Pres Clinton calls it "confusing"! I think that's a polite way of saying "I told you so"! We all remember when Pres Clinton called BO "a fairy tale" back in the early days of the BO-Hillary Clinton feud.
Rick Santelli of CNBC was very blunt and right on target:
""Listen, the President of the most powerful country ever to occupy the planet needs to do things quickly.
We need to get rid of things like Sarbanes-Oxley, Dodd-Frank.
We need to create jobs.
And there are many ways to do it.
Just these aren't ways that are palpable to the ideology to the President's base.
And that is what needs to be talked about....""
Again, Pres BO looks lost and way in over his head. He is torn between a "left wing base that wants more tax the rich" rhetoric and a private sector that won't hire until there is more certainty in the US economy. The net result is a president sinking in the polls!
P.S. Speaking of the economy, we congratulate the latest Romney ad in Florida & Perry's leadership ad: