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"The one" gave his hot air speech last night, and looks like it did nothing to reassure anyone or help turn the economy. The market today looks set to open lower.
The more Obama talks, the more the market drops.
Oh yeah, real change we can believe in.
Obama can give a great speech without saying anything at all. He really has a amazing talent. All I heard last night was more of the same.."stimulus...crisis...stimulus..crisis..blah blah blah"
Obama is our President, people. He's held office for all of ONE MONTH. Your judmentalism and "commentary" is premature at best and infantile at worst. By what standards/facts can you judge? To hold such angry sentiments, maybe you know the man personally and have a personal beef perhaps? No? Ok, then give our PRESIDENT the respect and chance he deserves and quit the juvenile whining. This economy was not his doing... it was yours, and mine and a consumer-based society with too few regulations in the banking industry. We all contribute to a credit-based economy. What has Obama done to deserve the negativity, hatred and anger I read on the Internet...there's nothing constructive in it, and it's just wrong.
If you want to do something positive, do it. If you snipe simply to cut someone down while trying to sound "intelligent," .... it doesn't. Give me a break..."Obama is against business?" Sure. Yeah. The President of the US is against business. That makes a lot of sense... And "The more Obama talks the lower the market drops"...come on...like there's any correlation there. The market is dropping because of Obama's speech? This is just too ridiculous for words.
Obama can give a great speech without saying anything at all. He really has a amazing talent. All I heard last night was more of the same.."stimulus...crisis...stimulus..crisis..blah blah blah"
I agree. He can deliver a great speech, but it was full of promises and lacked any detail.
He blew it big-time when he mention (yet again) the deficit he inherited. (Did you see the Republican side raise their arms as if to say "why are you continuing to increase partianship?) This just destroys America...
He also made a big-time mistake when he said the stimulus package has no earmarks, which got a lot of "boos" from the Republican side. Again - the speech was very well delivered but was full of promises and lacked details. Just more campaign type reiterate coming from a fraud liar.
. Give me a break..."Obama is against business?" Sure. Yeah. The President of the US is against business. That makes a lot of sense... And "The more Obama talks the lower the market drops"...come on...like there's any correlation there. The market is dropping because of Obama's speech? This is just too ridiculous for words.
- The market closed yesterday (Tuesday) up several hundred points.
- Tuesday evening Obama gives his speech
- Today, Weds morning, at 10:00 AM the market is down 190 points.
I have yet to hear an Obama speech with any substance. The speeches are all completely vacuous. The only concrete number he seems to ever cite is the $250k per family we keep hearing.
Obama is out to penalize success and reward laziness. That philosophy is bad for markets, bad for jobs, and bad for growth. History proves it to be time and time again. If the philosophy worked, the Soviet Union would still be with us.
"The one" gave his hot air speech last night, and looks like it did nothing to reassure anyone or help turn the economy. The market today looks set to open lower.
The more Obama talks, the more the market drops.
Oh yeah, real change we can believe in.
The author of the article doesn't seem to feel there's some negative influence of Obama's at work. There's a major Housing report due out today, a Department of Labor report and a DOE report on oil reserves. These have been "bad news" since last summer, so this is pretty typical market behavior. The President was given credit by most financial analysts last week when he finally quashed that rumor the Neocons were pushing about the banks being nationalized. Also scheduled for is Ben Bernacke's second day of testimony before Congress. There's absolutely nothing in your article or the other financial news suggesting Obama's speech had a negative effect. In fact, Associated Press said:
Quote:
" Investors showed little reaction to President Barack Obama's speech Tuesday evening that touched on the need to create jobs and stabilize the credit system. He told a joint session of Congress that specifics on these and other goals would follow but that billions more may be needed to stabilize the banking system. "
Reuters thought Obama could have said more to encourage investors, as did most of the foreign markets.
Quote:
" Investors in the U.S. have little economic data to pore over as they search for direction Wednesday. "
" Markets will be awaiting details of what the Obama administration will be doing with Citigroup Inc. -- widely considered the most vulnerable U.S. bank -- now that nationalization is off the agenda. The current market expectation is that the U.S. government will swap its preference shares for 40 percent worth of ordinary shares in Citigroup. "
Quote:
" Economy: At around 10 a.m. ET, the January report on existing home sales is due for release. The annual rate is expected to have risen to 4.81 million units from 4.74 million in December, according to a consensus of economists surveyed by Briefing.com...Two other reports due after the open are the Labor Department's report on mass layoffs in January and the Energy Department's weekly report on oil inventories. "
Stocks extend slide as home sales fall sharply - Yahoo! Finance (http://finance.yahoo.com/news/Stocks-fall-as-Street-seeks-apf-14464480.html - broken link)
Quote:
The market is awaiting a second day of testimony from Federal Reserve Chairman Ben Bernanke before Congress. Investors are also waiting for January home sales figures to be released early in the session.
January existing home sales fall by 5.3 percent - Yahoo! Finance (http://finance.yahoo.com/news/January-existing-home-sales-apf-14464459.html - broken link)
European markets trim gains ahead of US open - Yahoo! Finance (http://finance.yahoo.com/news/European-markets-trim-gains-apf-14463374.html - broken link)
The market(s) just don't like his socialist plans - tax the "rich", tax business (a sure job-killer there), and more pork-bills coming, as well as a mortgage bailout.
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