Posted on 03/05/2009 11:16:30 AM PST by rightinthemiddle
Wall Street has soured on the new Administration's policy moves. Can this relationship be saved?
At least on Wall Street, the honeymoon is over for President Barack Obama.
Polls still show the President has strong popularity among the general U.S. population, and Obama continues to command power in Congress. But among investors, fairly or unfairly, there is griping that the new Obama Administration is at least partly to blame for the recent slide in stocks. Since Nov. 4, Election Day, the broad Standard & Poor's 500-stock index is off about 25%, and since Jan. 20, when Obama took office, the "500" is down 15%.
It's never easy to determine exactly why the stock market moves in a particular direction. Plenty of other factors have influenced stock prices since November. For example, the global economy has slowed further and the outlook for corporate profits has worsened.
But BusinessWeek interviewed a wide array of investment professionals, and many said the first six weeks of the Obama Administration have soured their outlook on the stock market.
(Excerpt) Read more at businessweek.com ...
Hope! Change!
What investments?
I have lost close to 60% of my 401K. Now I have to plan to bail out other peoples mistakes!
“Hope! Change!”
We hope to have some change left in our pockets once he gets through with us.
Businessweek read your post #19 yesterday!
http://www.freerepublic.com/focus/f-news/2198965/posts
Oh, yeah.
It’s all Bush’s fault.
How far will the country have to fall before they remove this guy from office? The best get on the ball before he establishes his civilian army
Change? You have change?! Buddy, can you spare a dime?
ping
Obama’s plan outlined during the election was to tank 401K’s, eliminate their tax-deductability and then seize the remaining assets for a government-administered retirement savings account with a guaranteed payout of 2% or so.
That chart doesn’t go back far enough...
it needs to go back to when he was nominated, and McCain, as well.
“It’s never easy to determine exactly why the stock market moves in a particular direction”
That’s funny, but comes from the Democrats’ favorite news publication.
Everytime Obama announces more debt and bailout of big banks the market slides. 2 + 2 =
I HOPE the Obastards like their “CHANGE”.
Hmm, what do think? I'd guess 12 months at about 10% unemployment should be enough to correct that poll.
Ignorance is bliss.
Business Weak is a libtard business magazine owned by McGraw Hill. They make their money on text books filled with lib propaganda.
Well, if BusinessWeek is questioning Obama, when will others wake up to his plan?
He wants to destroy the “investor class” to ensure future power for the Socialist Democrats.
-As a brand new congressman on the Senate Banking Committe, Obama was complicit in voting for and supporting the insane regulations that the Senate had imposed on banks, forcing them to give over 50% of their mortgages to those who not afford them. Though still brand new to Congress, Obama received more “contributions” from Fanny Mae and Freddi Mack than all the other senators. Someone high up knew whose skids were most greaseable: Obama, Barney Frank and Chuck Schumer So, in short, Obama himself was directly and knowlingly responsible for the avoidable fanancial debacle that is leading directly to communism in this country.
Communism has been his religion ever since his upbringing back in Hawaii. People wonder what Obama’s religion is. The only documentable religions he has had are Islam and Communism. Reverand Wright surely is not a Chrisian, but a bitter, vicious, divisive hate-mongerer and a Communist.
Is a frog’s arse water tight?
LLS
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