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I don't blame the overall economy on Obama, but I do blame the market in part on his plans, budgets, etc which are not economy friendly. The market is a barometer for the economies future and increasing taxes and the deficit four times over is not wise in these times.
No and no. Even it if was McCain that was elected that would have made no difference on the direction of the stock market. The previous administration really messed us up bad. Its up to Obama to fix it. So far not much of the stimulus has been put into play yet. Give it a couple of years and if he does mess it up you can thumb your chest. I will hold him accountable also.
We are lucky to have just done secure on the 401k because my husband will be 60 this week, and it takes time to rebuild.
We are lucky to have not lost money, just gained at a slowest pace. I guess we are conservative in everything we do.
Diane G
I am glad you did. My father has always been leery of the stock market. He was a depression era baby and heard the horror stories first hand.
No and no. Even it if was McCain that was elected that would have made no difference on the direction of the stock market. The previous administration really messed us up bad. Its up to Obama to fix it. So far not much of the stimulus has been put into play yet. Give it a couple of years and if he does mess it up you can thumb your chest. I will hold him accountable also.
The previous administration was not the ones responsible for the housing crisis and the Fannie and Freddie debacle. That would be Dodd, Frank and several other democrats in charge. The housing crisis started this economoic collapse and it won't end untll the floor has been put back under housing, which is something Obama and his stimulus doesn't do.
Location: Sunny Phoenix Arizona...wishing for a beach.
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Quote:
Originally Posted by KRAMERCAT
If Obama's elected,stock market will rise 1000 pts, if McCain's elected, it drops 2000 pts, because it's more Bushnomics. Obama brings hope of a rejuvinated America, McCain brings the dismay of another four Bush-like years.
Wow you were wrong. That other guy on the other thread was spot on. Spend spend and more spending =Obamanomics.
No and no. Even it if was McCain that was elected that would have made no difference on the direction of the stock market. The previous administration really messed us up bad. Its up to Obama to fix it. So far not much of the stimulus has been put into play yet. Give it a couple of years and if he does mess it up you can thumb your chest. I will hold him accountable also.
At this rate, we don't have a couple of years. That is one of the reasons people were opposed to this stimulus plan. Building projects take years to even get approved, never mind completed.
The more we see how this plan isn't going to work, the more I think that politician who had the give everyone a $10,000 debit card idea was right.
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