Capitol Hill Blue Forums Political Issues The Obama Administration 6,825.42 Nice job Mr. President

At 2:58 this afternoon (3/2/2008). Looks like almost 1000 points since Obama became President.

Nice Job.

Not quite as good as Pres. Bush's amazing drop from 12,000 tho is it Ma?

Once again, when the Republicans controlled Congress the markets were fine. It was only after the Dems took control that the markets started to dive. I will give Bush the credit though, as long as you give Obama the credit.

As of 3:57 3/02/2007 - 6,772.14.

don't tell me, ma. you're referring to the congress, right? yet you will blame the president? you republicans slay me.

really, i'm glad Barack Obama is president right now. imagine how much lower the market would be today under the guidance of Pres Bush II.

...or under "President McCain" (shudder)

Congress creates, the President signs into law. That is the way it works. You can't have it both ways, especially after the last two months of failure. The Dems have owned Congress for the last two years, the market has turned DOWN for the last two years. The only saving grace during thise two years was the fact that the Reps could sustain a veto. That reality is no longer valid and every time the President opens his mouth, the markets react downward.

Oh yeah, the market closed today at 6,763.29 -299.64 -4.24%.

One term, only another 22 months before the Republicans regain control of Congress. I just hope Obama doesn't bankrupt our economy before then.

There is no doubt that the people who control the markets don't like the President and they don't like his policies. It should come as no surprise that the market tanks whenever Obama gets his way on economic matters. The people who stand to benefit from his policies don't control the market, so their benefit will undoubtedly not bring about a corresponding rise in the DJIA.

We learned during the first Bush term that rising markets do not mean an uplifting of the living standard for the average person. Remember how many jobs were lost and how much of a decline there was in real wages and standard of living during those years when "the markets were fine"?

We know that Obama intends to sweep away the legacy of Reagan's "trickle down" economics, and his policies should therefore reinforce economic security and well-being in the working classes, not the elite. So why should we expect those policies to miraculously reverse the downward trends that were established at the end of the second Bush term? They are not intended to.

Keep b!tching Ma. You're like a barometer, gauging the storm that is sweeping away the ugly elitism and false hopes of Reaganomics. The more you complain about how Obama's economic policies are hurting the fat cats who pull Wall Street's strings, the better it bodes for us ordinary folk whose well-being has been sucked away by their greed.

I find the application of blame remarkably elastic and selective - i.e., it is always the Dem's fault, regardless of whose policies created the crisis. Selective history has also resulted in FDR causing the Great Depression, and Kennedy starting the Vietnam War and planning the Bay of Pigs invasion. Oh, and we can't forget that it was the Democrats who objected to the Civil Rights laws (true) so they can still be tarred with being the party of obstruction and prejudice (not true). Let's see, it was Democrats who were responsible for the Republicans blocking all those Clinton appointees, too....