Posted on 02/18/2009 3:20:55 AM PST by Scanian
ON the day that President Obama signed the much- hyped "stimulus bill" into law - one of the largest spending plans in US history, billed as nothing short of a savior for a US economy heading toward a possible Great Depression - the stock market reacted loudly and resolutely, falling nearly 300 points.
No one can deny that Obama's been dealt a crummy hand - he took office with a weak economy and a banking system in shambles. And the markets may ultimately rebound if the "stimulus" actually does a little stimulating.
But the consensus building on Wall Street is that this president doesn't look to be up to the job of fixing the economy.
Talk to any investor, and he'll tell you how Obama's plan offers up nothing more than tired solutions, pork-barrel spending that will do little to reverse the economy's woes - and may make a bad situation worse.
(Excerpt) Read more at nypost.com ...
Who says the Empty One wants to fix the economy? He has capitalism marked for destruction.
Hey.....he can read better than anyone from a TELEPROMPTER!! THAT is ENOUGH!!!
Funny ... nobody ever seems to mention that in his early days, as a young "community organizer", he filed a lawsuit against Citibank that helped create this very situation.
Hoist on his own petard.
I think you’re right.
Hussein has NOT been dealt a “crummy hand.” He has been dealt a Full House. Had he come in in prosperos times he could not get his Marxist innovations across. As it is, the country is being buried by them. Full House. Game, set... check...
The Limousine Libs of Wall Street outnumber Republicans. They voted for Obama and donated significantly for the Dems.
NOW they aren’t enjoying reaping what they have sown. What idiocy.
I would not put too much importance on a 300 point one day drop in the Dow. Longer trends (3 months) are a better indicator.
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