How Low Can the Market Go? Obama’s Plans Ride on the Answer

Pajamas Media ^ | March 2 | Jennifer Rubin

[AJKauf]

The financial news reports ask “How low can we go?”

The answer quite simply is that no one knows. The Dow dropped like a stone yesterday below 6800 and there is no indication the Dow or any of the other major stock indices will be bouncing back anytime soon. While President Obama continues to ride high in the polls and garner the fawning reviews of the mainstream media, there is a growing sense that the economy is careening out of control and that the massive proposals for perpetual bailouts of failing firms, nationalized health care, cap and trade regulation, new tax hikes, and a $3.6 trillion budget are not helping matters.

The deepening recession throws a wrench in his hopes of skipping the task of reviving the economy and slide right into enacting the agenda of ultra-liberalism...

[tatsinfla]

don’t know but timmy is speaking so it should drop soon.....

[tatsinfla]

don’t know but timmy is speaking so it should drop soon.....

[freedumb2003]

>>While President Obama continues to ride high in the polls <<

His poll numbers are dropping — what a tool. He is already lower than jimmah carter at this point in his presidency.

[umgud]

He needs to get out of the pockets of business and kill every regulation that hampers business.

[alloysteel]

Does anybody remember talk about a “dead cat bounce”?

The term is derived from the saying “Even a dead cat will bounce when dropped from a great height.”

The stock market, if not already in free fall, has only brief recoveries, before it slips over the edge and drops again.

Government intervention is not the solution.

[Logical me]

This a@@heart King Obama is still trying to buy our way back. This fool and his advisers are the epitome of stupidity. Lower taxes and cut more tax breaks for businesses is the only answer. Even if he did this the wedge he has drawn has so damaged America that it will take many months before the investing America will respond. The Dow will never get to 12,000 again.

[Tex Pete]

It doesn’t matter how low it goes.

He will keep propsing and passing ridiculous legislation. We can’t stop him, and the dems are complicit.

It’s all part of the plan.

[adorno]

How Low Can the Market Go? Obama’s Plans Ride on the Answer

I don't think Obama is worried about how low the market can go. He could not care less.

His number one goal from the beginning was "fairness" and "equality". If the stock market completely disappears and he gets to make everybody equally poor, he will have achieved his goals.

And, his plans do not include saving the stock market. He and the rest of the democrats are under the belief that there is enough wealth to tax and enough assets to confiscate for his "redistribution" effort.

[freedumb2003]

>>He needs to get out of the pockets of business and kill every regulation that hampers business.

His intent is to IMPLEMENT every regulation IMAGINABLE that hampers business.