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Nothing to do with Obama really, it was beginning it's spin down the drain before he was elected.
Still, I can remember a comment by someone on one of the boards I frequent expecting some kind of magical bounce in the stock market right after he was elected and instead it plummeted in the two days following the election. If it weren't something that affects our country on the whole I would have found it amusing. Not so much under the circumstances.
Nothing to do with Obama really, it was beginning it's spin down the drain before he was elected.
Still, I can remember a comment by someone on one of the boards I frequent expecting some kind of magical bounce in the stock market right after he was elected and instead it plummeted in the two days following the election. If it weren't something that affects our country on the whole I would have found it amusing. Not so much under the circumstances.
I think that no one on the left expected some sort of magical change from one day to the next. I know that was a right wing talking point the left thinks Obama is the messiah and they think its going to be better overnight and what not. The fact is the right today is nothing more than exactly that, Idealess talking points. Its true though and its sad because its good for us to have a realistic dissenting opinion and we don't have that today, the republicans are a joke. I really doubt that any reasonable person would blame Obama for something like the economy for, when his policies haven't even been enacted yet.
If Wall Street thought Obama's spending package was good OUR market would be up. However it is DOWN BIGTIME!!! Obama is bad news...
When the auto makers get their next wad of bailout money, or when they announce they promise to be good this time, the market will reflect that.
It's a systemic problem. The market, way oversold and built on melting ice anyway, has been falling since last summer.
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