I’m starting to think the market likes the fact that Obama is being shown to be incompetent and is losing his favorability rating.
Absolutely!
Much better that he is an incompetent than an effective Socialist.
IMO, there was a turning point yesterday when OBammy scolded Geithner for hurting the markets with his currency comment to the Chinese. It showed that he cares what the markets think and that means that however incompetent he might be, he is willing to follow the wisdom of the marketplace instead of some outdated socialist ideology.
I agree. He is having trouble getting his budget passed. Suddenly no one wants to vote for it. This is why he had a ‘town hall’ meeting today. Also, The Specter recently said he would not vote for card check. I think he is out of momentum and the Democrat/Socalist agenda is on ice.