03-03-2009, 10:06 AM
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#56
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Super Moderator
Join Date: Mar 2005
Location: NJ, USA
Posts: 871
Drives: 1998 E430; 2008 Aspen 5.7 Hemi
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Quote:
Originally Posted by S55inPA
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http://online.wsj.com/article/SB123604419092515347.html
Quote:
The Obama Economy
As the Dow keeps dropping, the President is running out of people to blame.
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.
Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.
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__________________
Mercedes Benz Owner's Gun Club, Member # 24
Awwwwwwwwwwww Poor babies :(
What I drive
Daily Driver - 2008 Chrysler Aspen Limited 5.7 Hemi
Garage Queen - 1998 E430
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