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  • Did Obama Cause the Stock Slide? (duh)

    03/05/2009 11:16:30 AM PST · by rightinthemiddle · 59 replies · 3,293+ views
    BusinessWeek ^ | 3-5-09 | Ben Steverman
    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...