Bravo. All the guesses by the financial geniuses about the plunge today don't come anywhere near the truth. Roger Simon nails it in a few sentences.
No one trusts Obama to quit screwing with us. The HHS edict about forcing 100% coverage for the morning after pill show that as far as Obama is concerning, private business has no barrier to government intervention. He rules them. He showed it with GM and, recently, he has showed it with Boeing. Business will continue to flee the US to get out from under his iron fist.
———Almost no one on the planet has confidence in the leadership of Barack Obama.-——
Actually, he has no clue. His ignorance and bias are showing. The market drop was not the doing of Obama , who is mostly irrelevant, or the Congress, but the catastrophe unfolding in Europe. There is danger so serious there it is shaking the world.
America proved to be a place of strength as Treasure is were a haven and rates fell. that is confidence in America rather than fear.