Hannity last night asked the question if what we are seeing in the stock market is from the “Obama Effect” and he was laughed at by Colmes. I don’t think this is that far out there. If the stock market is based on consumer confidence then wouldn’t it be reasonable to assume that people are not confident in the upcoming administration’s ability?
If you knew today that your money is going to be worth 10 to 15% less tomorrow, wouldn’t you sell? Why is this such a hard concept to understand? Did all you people who have assets in the market not believe that your money was going to be worth less under Obama? I guess you were hoping that $500 tax break was going to offset the trillions lost in the market.
Well America, you asked for it. Say goodbye to all your money in the market. Three cheers for Obama!
Politics
Stock Market
I know that the all the experts are saying that the numbers from ADP, Unemployment, and the fact that the American car industry is begging for more money are the reasons for the market tanking but I offer another explanation.
What if all the people in this country with any wealth and success are terrified that Obama and his regime are going to take everything they can get their hands on. Maybe all those people are selling off to stash their money elsewhere. Maybe consumer confidence is at an all time low because Obama’s economic plan is weak and will do nothing but drive this country further down a hole.
And before any of you idiots mention how this is Bush’s fault, take a VERY short ride back through history. If you look at where the market was after 9/11, it dropped to a low of about 7500 in late 2002 and has been on a steady incline ever since to an all time high of about 14000 in late 2007. It’s since been on a steady decline and who has been in control of Congress? You gotcha. Democrats. So quit parroting EXACTLY what the mainstream media feeds you, have an ounce of a brain, and start thinking for yourself.
As a side note, you can’t blame Bush for when the market crashes and at the same time not praise him when it has been as great as it has been. I haven’t heard one person on the news praise him at all. Wake up America and start thinking.
Politics
Stock Market