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re: Dow Jones At 6763 .. Obama Time Is Gaining Momentum

Posted on 3/3/09 at 8:18 pm to
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/3/09 at 8:18 pm to
Posted by CAD703X
Liberty Island
Member since Jul 2008
78604 posts
Posted on 3/3/09 at 10:34 pm to
Here's some more amateur hacking from that yellow rag, the Wall Street Journal

LINK

quote:

As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.


Yep, nothing to do with Obama's policies right?

quote:

The Democrats who now run Washington don't want to hear this, because they benefit from blaming all bad economic news on President Bush.


quote:

The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy. Health-care stocks have dived on fears of new government mandates and price controls. Private lenders to students have been told they're no longer wanted. Anyone who uses carbon energy has been warned to expect a huge tax increase from cap and trade. And every risk-taker and investor now knows that another tax increase will slam the economy in 2011, unless Mr. Obama lets Speaker Nancy Pelosi impose one even earlier.


Keep blaming Bush for what the market has done since January you hacks.
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