Dow 5,000?
BY: NCVIKING
On ‘The Factor’ last night, Bill O’Reilly presented poll numbers that concluded the public is indeed confident in Obama, but the markets are polling quite differently. Neil Cavuto was on for analysis and he indicated that the markets have always been a sort of bellwether to the mood of the country and confidence in the government’s policies. They always seem to be several months ahead of the public, and rightfully so. Marketeers are in the business of forecasting the future, whereas the public polls how they feel at any particular moment. Right now, the country is still drunk with ‘Hope/Change’ and the excitement of electing the first African-American president. The markets? Not happy at all.
Treasury Secretary Timothy Geithner has been an enormous disappointment, floundering around with no palatable solution to the financial crisis or for his staff for that matter. Geithner announces a $2 trillion TARP program and the markets hurl. Then Obama pushes for, gets and signs The Porkulus, releases his historically bloated budget, launches a foreclosure bailout, and now Congress is moving through an Omnibus spending bill with 9,000 porky earmarks garnering disgust from the GOP (expected), but also [GASP!] the media? The Dow has plunged nearly 2,000 points since ‘The One’ has taken office, running for cover any time the administration has made a move.
And now, on top of it all, Obama is pushing his Universal DMV (Health) Care and CO2 Cap and Trade, further burdening the overburdened federal budget and businesses with taxation and regulation.
Great timing.
It seems Obama is more concerned with hanging out with celebrities and getting his far left agenda implemented while he’s super popular, then focusing his attention on the crisis at hand. The markets get this and have voted with a sell off, destroying wealth and the retirement funds of many. Could Dow 5,000 be far behind?
I never thought Obama would have me wishing for Bubba Clinton. Mon Dieu!
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March 7, 2009 at 5:40 am
Interested Bystander
Hey All,
What happened to “this is the only man that can do this job”?
If this is the best we got, we are in BIG trouble.
March 8, 2009 at 12:06 pm
Windfall
Based on results, specifically, the loss of $10 trillion dollars of equity in the U.S. stock market alone which began to occur in October 2008 when it became obvious that he would win the election, the Fibpotus is already, far and away, the worst president in U.S. history.
Congratulations Jimmy Carter, you’re now off the hook!
“I call upon all responsible, productive people to work hard and sacrifice so that we can redistribute their incomes to those who will never be able to find a decent job because they refuse to buy into bourgeois middle class values like staying in school or learning a trade or finding a husband before starting a family but are, nevertheless, the Ones We Have Been Waiting For because they will get on a bus and go vote for me whenever and wherever I need to send them.”
His Most Beloved and Exalted Excellency Barack Hussein Obama, the FIBPOTUS