Quote:
Originally Posted by RIJIMMY
If you took just a teeny second to bother to read the threads instead of your constant mantra of calling others who disagree with you "drones"you'd see that NO ONE said the collapse of the economy was Obamas fault, the point was that the stock market reacts NEGATIVELY to Obamas announcements of his plans. One could assume that the people whose sole purpose is to benefit from a market rise, would delight in action by the government ot "improve" things, no? I put up proof to counter those that say the market is reacting to the fundamentals. Bernanke made one lame announcement that the recession may be over by year end and the same day the market was up over 200 points as a result. The MArket reacts, so far it reacts negatively to Obama. Not a good sign.
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Theres more mindless droning on in this forum about how Obamas solely responsible for the decline in the markets than I have seen anywhere else. The theory that with whole world in a deep recession, one man words are responsible for moving the market each day is laughable. You have the world's largest insurer needing to borrow more $bill b/c their demise would wreck havoc on the insur. industry, the world's biggest corp. with a stock price at decades low and the world's largest car companies all loosing their shirts, yet is only Obama's fault is laughable. Maybe he should tell us to not worry and if we want to do something for out country, we should continue shopping.