The Obama EconomyThe strong language ("dismaying message", "people to blame" etc) reeks of partisan ill-will and a blame-game being indulged in by the reporters themselves rather more than an honest analysis of the forces driving the stock market. Seems to me that, Like Limbaugh, there are a whole bunch of Republican supporters who are just waiting to dismiss this administration as a failure. Of course, in many of their eyes, the Bush administration's 8 years were a great success -- mission accomplished, and all -- so, this should not come as a surprise!
As the Dow keeps dropping, the President is running out of people to blame.
As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.
P.S. Wow...100 days already, huh! Naah..can't be! Jan to early March is not 100 days! They soooo want to judge, these guys are getting ahead of themselves! I am not at all religious but a quote from the Bible comes to mind!
For in the same way you judge others, you will be judged and with the measure you use, it will be measured to you (Matthew 7:12)
In a post about Treasury staff appointments titled “Banana Republic Watch,” Yves Smith includes this comment from a reader: "We should operate from the assumption that [Treasury Secretary Tim] Geithner will always surround himself with the most awful Wall Street cronies imaginable. He’s totally captive to that ideology. This Administration is going to make Warren Harding’s Administration seem like a convention of nuns by comparison"