Posted on 03/04/2009 5:09:47 AM PST by kellynla
As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.
Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.
(Excerpt) Read more at online.wsj.com ...
Everything is still Bushs fault with Bam followers.
Their boy will always walk on water .
Maybe then they can attract us disaffected voters who watched them grow the government by leaps and bounds under the leadership of GWB.
I talked to my brother last night who does financing to spell this all out for me and he agreed this is going to get very bad.
The average citizen has no clue what’s coming but they soon will
Wait until you see how many jobs are lost this July when the federal minimum wage goes up 11%...during a recession. That will kill a lot of small businesses.
“Everything is still Bushs fault with Bam followers.”
You got that right. Morning Joe just showed a poll that said 89% of those polled thought the economic problems we see were all inherited by Obama, not caused by Obama.
Now we all know an MSNBC poll is a poll of liberals, but it supports your statement.
BTW, the WSJ supported Obama. They should STFU and take their medicine. They got what they wanted. (However, I do enjoy hearing the Obama supporters start to gnash their teeth).
“Every economist agrees we need much MORE government spending to avoid a depression. No alternative.”
(thought I'd play democrat for you LOL!)
When I started reading your post, I pretty near spilled my coffee—glad I didn’t my keyboard can’t take another spill ;)
I love it too. I also love throwing it in their face. BO told them exactly what he was going to do. What did they expect?
I have been preparing for this for several years. Telling them of their foolish idiocy is great payback for the barbs they have thrown my way!
To some degree that is reasonable,and Obama wants this year to be real bad. That's his plan. This is GWB’s year to the public so BoB wants it as gloomy as possible. this year is NOT an election year.
What the public is missing, and the MSM is responsible, is the damage Obama is doing now to the economy.
I would guess that next year election year Obama will be talking positive and the stimulus will start spending going and the press will talk about the recovery, and then “Sell any stocks you have” because it will be a suckers rally.
LOL. That’s the average public moron!
Sad to say no one is replaying their arguments for the stimulus, that food stamps and expansion of welfare is the fastest way to ‘stimulate’ the economy. When all that does is stimulate inflation in certain areas’ like food, while everything else is falling apart.
Sadly you’re correct.
Another “almost coffee spill” was when I read that the occupant’s approval is stiiillll at 60%
“Everything is still Bushs fault with Bam followers.”
It will be for a long time.
In New Jersey, 12 years later, Christie Todd Wittman is still Emmanuelle Goldstein and every election cycle she is wheeled out.
As individuals we are the most talented people on the planet. Together we are morons.
Recall the endless votes in Congress to defund Iraq war spending or set withdrawal deadlines. I believe the Bush administration was forced to compromise on massive social spending to continue his war on terror.
The writer has it right. Lowering standards has been a hallmark of liberalism. Lowering educational standards and physical standards for certain jobs(fireman) for example. All in the name of equality. A lower standard of living for americans is next. Making us all equal. Equally miserable, but equal. We’ve already seen this administration go after INDIVIDUAL members of the media. Rush, Santelli, and Kramer. Hussein still has Pravda(NY Times) and TASS (NBC) flacking for him.
We got a long road.
I never thought that I would see a POTUS worse than Jimmy, 21% Prime Rate”, Carter. But, Obama is a challenger after less than two months.
And to think that a large portion of his electoral base thinks Robert Mugabe is a misunderstood agrarian social reformer, so why is the WSJ so suprised?
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