BREAKING: Dow Drops 10% Since Obama's Election
By Zebulon Pike | November 6, 2008
Investors are sticking their money under the mattress and running for the hills. There may not be too much left to spread around, Mr. Obama.
CNN Money:
Investors are sticking their money under the mattress and running for the hills. There may not be too much left to spread around, Mr. Obama.CNN Money:
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Who is the President of the United States right now? Is it Barack Obama?
Just because he was elected president a couple of days ago doesn't mean that things are going to suddenly turn around. It's going to take time & it's going to take work.
And it's not going to happen while George Bush is still the POTUS.
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EnquiringMind is right...are you idiots so dense to actually think that economic results realized as a result of Bush's economic policies could actually be pinned on Obama?
Get it through: 1/20/09...from that date forward, the economy is Obama's responibility...and not a day before.
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You clearly don't understand the market. The market isn't necessarily the best economic indicator- what it best measures is confidence in the future.
Investors are now signaling displeasure with Obama's upcoming tax hikes.
Get back to me when you can distinguish your liberal ass from a hole in the ground.
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The point of the market and wall street is to predict the economy in the future - to predict where we are heading. I just read a news article - very interesting - when a democrat wins the presidency there tends to be a 2% decline of the DOW within a week after election. When a republican wins the presidency, there tends to be a 4% gain in the DOW. I guess the point is that republicans tend to help businesses out more than democrats. Democrats like to tax business while republicans like to cut taxes on businesses. I think the democrats try to cut taxes for the middle class - but they tax the business that they work for / increasing that business's cost of production results in reducing job creation and income increases to employees. Republicans cut taxes to businesses to spur job creation and income increases, however they generally leave taxes left alone for the middle class. So overall, I think republicans are slightly better for the economy (slightly!). Democrats can help the economy too but they do it in a different way. They try to help the people with jobs by reducing middle class taxes and they try to help people without jobs. The only problem is that they just give our tax dollars away to people without jobs instead of encouraging them to get jobs. Getting rid of welfare could be one of the best things this country could do - force people to get jobs and work for a living and reduce spending and help (not solve) but help get the national debt fixed.
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I made a typo - "but they tax the business they work / increasing that business's cost of production results in reducing job creation and income DECREASES or NO GAINS to employees" Sorry for the typo.
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...you people must be joking...the democrats have had the majority for 2 years...and fannie and freddie were bedfellows of the democrats...stop this simplistic and nonsensical blaming Bush for everything...like Bush or not he tried more than once to warn of the financial crises...the democrats response was "there is no danger"...brilliant bunch that they are...
...and the stock market is called a "leading indicator" hello...its not possible you don't know that
...and could you bright people from the left explain why the left doesn't know how to lose and doesn't know how to win either...
...YOU GUYS ARE STILL ATTACKING PALIN...disgraceful...you won and you are attacking...
...must be some deep need to hate that you are passing from Bush to Palin..
...so much for healing the planet..you guys should heal yourselves first...
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