Posted on 02/18/2009 4:55:21 AM PST by PurpleMountains
The stock market, as measured by the Dow Jones average, has dropped about 3500 points since Obama pulled ahead in the polls last October, and today, it dropped another 300 points as Obama signed his pork-stimulus bill. Investors, in dealing with their own money, are giving a clear message: this is about the most stupid thing we could be doing at this time, and the history of the period from 1932 to 1942 proves it.
It was the collapse of the monumental bubble in the housing market combined with an accompanying period when gasoline was selling for $4.00 per gallon that turned a gathering recession into a financial disaster not before seen in the lifetimes of most of us.
(Excerpt) Read more at forthegrandchildren.blogspot.com ...
Indeed.
I was proud today. I guess he just had to let the country start the ball rolling, he couldn’t be seen as “leading” it or they would have reason to take him off the air for inciting a riot or something stupid.
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