Bob, your hatred is showing. might want to try covering up.
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Obama is not in charge yet. The failure of the economic system can only be scantly blamed upon the current administration, and I see no basis whatsoever for blaming it upon one that has not even taken office yet.
The economic downturn is partly a natural progression of market forces, and partly due to reckless behavior by banks and loan sellers, and partly due to debtors incurring liabilities that they are unable to satisfy. The most direct cause of this seems to have been the de-regulation of the financial industry during the Reagan Administration, and a predictable result (which happened before) of de-controls over the excesses of private enterprise. I am basically a free-market-economist, but there are aspects of the system that properly should be regulated.
“Foreward Looking” is a business-speak-phrase meaning “guess”. You can guess all you want, and trade on the futures market based on those guesses, but if you lose you have only one person to blame for that. And it isn’t Obama.
How long will it be before you stop blaming Obama for everything that happened since 1705?
The man isn’t even president yet, how can he be at fault for the economic mess Bush got us into?
Get an education and keep your options open.
Economics trumps politics every time. That’s the truth….
I don’t really know if the stock market has dropped…I really don’t think it has anything to do with Obama though because for one, he isn’t even President yet, Bush is still President. Here’s a good link you might like. It seems as though Bush used hand sanitizer after shaking Obama’s hand.
Not sure, we don`t make anything here anymore because of Republicans giving our industrial might away to countries like China so we don`t have the wealth to back it up. I will tell you that it is nice to see a president that does not slouch over the podium like a bad frat boy while snickering.
Yes it does, but that’s not what’s weighing on the stock market.
I washed my car the morning before the markets plummetted over 800 points. Needless to say I’ll never wash my car again…..that’s about how much obama is currently affecting the markets
11/05/2008
Close – 8696
11/12/2008
4:06 PM – 8,282.66
Difference = 413.34
How much did it drop with Bush in office?
Well it’s high point was 14164. So under Bush it’s dropped 5881.34 – more than 14 times the drop since Obama was elected.
Your question illustrates why Republicans have phucced up the economy.
Starting with a false premise of cause and effect, then compound it by politicizing it.
It is a sheer WONDER that we even still have an economy.
He’s not in charge of anything yet except the presidential transition. Why would you blame Obama and not the crooked financial institutions or inept American car companies?
Obama will not be in charge until the afternoon of January 20, 2009. So, Genius, back to school for you.
Uh, he’s not in charge genius. Shrub could do us all a favor and resign, effective immmediately though.
Obama is in charge? I thought this didn’t take place until January. Seems to me it has been falling since the genius bail out was put in action.
Please take an economics class, that is not the reason for the stock market issues. It’s been like this for 6 months now btw.
I’ve noticed a lot of these stock market questions today. Did Rush Limbaugh mention it this morning or something?
the markets are driven by the economy, not by elections.
Well Obama isn’t in charge currently.
Not as far as it dropped when Bushy was putting the bailout together.
I think it responds to third quarter earnings reports; unemployment figures and manufacturing…
Aha no one wants to buy stocks when Obama is going to tax so much out of it.
2000 points since he beat Hillary.
He is not in charge yet, not until January 20, 2009.
I just know one thing……lost over 160,000 so far this year and it ain’t looking any better in the future.
Not as far as it’s going to.
Who cares? Let people do what they want with their stocks.
Uncertainty, the market hates uncertainty..