rssBlaming Obama for the Dow
Tuesday, March 03, 2009 at 2:34 pm
- 8 Comments
The Republican National Committee emails reporters President Obama’s comment that “the stock market is sort of like a tracking poll in politics” and that people should fret about it. The RNC writes:
Please note President Obama’s comments at today’s media avail that he is not spending much time “worrying about that.”
The sinking Dow Jones Industrial Average is emerging as an attack line for Republicans—on his radio show today, Rush Limbaugh claimed that “capital is on strike” against the president—but there’s some message muddle about when, exactly, Obama started wrecking everything.
Jeff Emanuel of RedState.com:
Since the Democrats took over Congress in January 2007, the Dow has lost 46% of its value — 5,699.86 points — with 1,452.38 of that decline coming in the mere month and a half since President Obama’s inauguration.
Sean Hannity on Fox News last night:
If we go back to May 6th when it was apparent that he was going to probably be the Democratic nominee the stock market was over 13000, and if we go to October just before the election, the polls show that he had a pretty commanding lead over John McCain, the stock market was, what, around the 11000 plus mark.
On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28.
So when was it?
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8 Comments
Comment posted March 3, 2009 @ 8:43 pm
All I know is that since Obama became the front-runner as the next President apparent, the economy in not only the USA but the entire world has gone to hell. I can't even keep up with the bad news. My father passed on December 1st and was extremely ill for 3 months prior. Frankly, I'm glad he didn't have to see this because if old age hadn't killed him, the economy would have. My poor mom is trying to live on her Social Security and the pittance left after the stock market raped his savings. Obama can thumb his nose at Wall Street all he wants, but if he thinks the American people don't see what's happened and don't tie it in to his administration, then he's a fool.
Comment posted March 3, 2009 @ 9:35 pm
Come to think of it, everything really started going to shit when Obama stole Florida from Al Gore back in 2000.
Pingback posted March 4, 2009 @ 3:41 am
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Comment posted March 4, 2009 @ 6:58 am
Sometimes it's even more blatant. One rabblerouser drew a picture of the DOW falling since President(-elect) Obama started doing stuff, curiously leaving out the fall before there was a President(-elect) Obama: http://www.gopusa.com/theloft/?p=1033
Comment posted March 5, 2009 @ 6:19 am
I heard the Community Reinvestment Act caused this? Wasn't that in the campaign? A program from the 70's, well which is it guys? TODAY or 1970's? Get the facts straight, before you rewrite history.
The GOP and Hate! Research cures, bad GOP thoughts. Look it up.
Comment posted March 5, 2009 @ 3:04 pm
“All I know is that since Obama became the front-runner as the next President apparent, the economy in not only the USA but the entire world has gone to hell.”
Yeah, all those big banks started loading up with hundred of billions of bad mortgages, back-dated 3, 4, 5 years, once Obama started pulling ahead of Clinton. And AIG saw Obama win Iowa, and started selling free CDS coverage of the bad mortgages.
Yeah, that's gotta be it. Has nothing to do with the Bush administration in 2004 allowing banks to go from 12:1 leverage to 40:1. Nothing to do with the deregulation of derivatives. Nothing to do with Greenspan's keeping interest rates low.
Sheesh. Hell, I bet you don't even know what any of this means.
Comment posted March 11, 2009 @ 11:57 am
A place to discuss the market and policies of Obama
http://www.thedowsinceobama.com
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