At this point, are you Obama voters happy with your vote?
Change,&Hope = BUYERS REMORSE.
Yes.
***At this point, are you Obama voters happy with your vote? ***
I expect that the answer will be “yes” for most, if not all.
He’s doing exactly what they elected him to do. As of yet, they see no correlation to the worsening economy with his actions and intent moving forward. Given time, that may change. Don’t hold your breath though.
The few outliers might be the few that harbored some hope of moderacy from the administration. It’s not too early for them to have realized that *that *simply isn’t going to happen.
At this point, are you Obama voters happy with your vote?
More or less. Only time will tell. He’s a hard worker and a thinker, which is a plus over what we are used to.
He’s doing exactly what they elected him to do. As of yet, they see no correlation to the worsening economy with his actions and intent moving forward. Given time, that may change. Don’t hold your breath though.
The few outliers might be the few that harbored some hope of moderacy from the administration. It’s not too early for them to have realized that *that *simply isn’t going to happen.
Agreed, I’d like to hear from the few percent of Americans that liked some things about Obama (or didn’t like McCain/Palin), and voted for him feeling like he would not be able to implement much of his grandiose plans due to current economic conditions. It’s the only group that may be surprised at this point.
so far - yes - the economy is hanging on a bit better than I expected. O’s plan is sure better then what the Repubs have proposed, which come to think of they haven’t proposed anything except for the tired and failed mantra of ‘tax cuts for the rich’
** O’s plan is sure better then what the Repubs have proposed**
Who needs a proposal when “the fundamentals of our economy are strong.™”
.
At this point, are you Obama voters happy with your vote?
More or less. Only time will tell. He’s a hard worker and a thinker, which is a plus over what we are used to.
I think you have confused “thinker” with Idealogue.
Yes. IMO, anyone criticizing him less than 6 weeks into his administration is just looking to be a shit-disturber. No president in history could make significant things happen in 6 weeks, but somehow President Obama is expected to do just that. I have no problem with those of you who disagree with his policies saying so, but I don’t think you can possibly say his policies aren’t working when he’s been on the job for less than 42 days.
Yes. IMO, anyone criticizing him less than 6 weeks into his administration is just looking to be a shit-disturber. No president in history could make significant things happen in 6 weeks, but somehow President Obama is expected to do just that. I have no problem with those of you who disagree with his policies saying so, but I don’t think you can possibly say his policies aren’t working when he’s been on the job for less than 42 days.
Your first comment is nuts, based largely on the fallacy of your second comment. Every single time Pres. Obama opens his mouth, the market drops like crazy. That has nothing to do with being a “shit-disturber,” rather, it has to do with the fact that Wall Street is terrified by every proposal coming out of this administration.
Regarding your second comment - are you serious??? In a mere 6 weeks, this Administration been the driving force behind $1T of worthless spending. Combine that with his budget proposal and you have a President who, in a mere 6 weeks, has saddled the country with more debt than most of his predecessors did in full terms.
“No president in history could make significant things happen in 6 weeks.” That’s cute …
**At this point, are you Obama voters happy with your vote? **
Yes. I don’t agree with everything the administration (particularly Congress) is doing by any means, but Obama is a strong leader who has for the most part surrounded himself with smart people.
As for the alternative with McCain as president now, I don’t think he could handle the job. McCain’s time was in 2000 when he should have won the primary against Bush. Then I would have voted for McCain.
Every single time Pres. Obama opens his mouth, the market drops like crazy.
Don’t let facts get in the way of your arguments:
We won’t even talk about Bush since most of you have wiped him from your memory anyway. Let’s talk about Reagan. Doesn’t seem like his first days in office were all that great and he didn’t even inherit a difficult economy.
Do you guys really want us all to fail? Why are you constantly so negative to the point where you are happy when things get worse?
That chart needs to be updated. First let me say I don’t think the market issue is even remotely 100% Obama’s baby, but he does influence it like any president, but he is not a main factor.
Second on 1/20/09 the market closed at 7949.09, yesterday it closed at 6763.29. That’s a 14.91% drop in the first 41 days. Far worse than anyone else on the chart.
That being said we have a ways to go before the year is out and my guess is that we’ll see a rebound before year’s end. But that’s just a guess.
~Matt
The reason they are so negative is that what is happening goes completely against everything they believe in and their values.
They have to be negative because if Obama’s plan works it would call in to question everything they believe about how the world works and would certainly bring in to question the fundamentals upon which they have lived their lives.
The only way they can continue to believe what they do is to want him and his policies to fail to validate what they believe in. Bit of a catch 22 here, on the one hand they can lose more and more of their 401 but sleep soundly knowing that they were right, alternatively they might find their 401’s recovering and their wealth increasing whilst also calling in to question everything they have ever thought about the way the world works…seems to me they are F&&ked…
I think it’s foolish to try and correlate market drops to Obama’s actions.
Yesterday saw a massive drop on news that AIG had the largest loss in corporate history. Was that Obama’s fault, too?
First, I am looking at the facts (see below). Second, you are now changing the course of the discussion. If you want to change the debate, I am more than happy to do so. However, if you look at my response, it was directly pointed at your assertion that anyone who wants to criticize President Obama is a “shit-starter.” Not true.
Also note that I never asserted that President Obama has had the worst affect on the market of any President (although he is off to one hell of a start). Rather, I responded directly to your claim that anyone who wanted to challenge President Obama is a “shit-starter.” Really? So, eveyone on Wall Street is reacting this way simply to be a “shit-starter?”
Finally, I should respond to your two questions, although I am not certain they are directed specifically at me:
Do you guys really want us all to fail?
- Hell no! Where did you get that idea??? I absolutely do not want us all to fail, which is why I want President Obama, Sen. Reid, and Rep. Pelosi out of office as soon as possible.
Why are you constantly so negative to the point where you are happy when things get worse?
- Well, I could be cute and state that we learned from watching the Dems for 8 years while Pres. Bush was in office, but, I won’t. Not sure how I was negative in my response. I was merely citing facts. I will be perfectly honest with you – I am scared. Very scared. I served during Desert Storm and during the current Iraq war and never in my life have I been so worried about my future and the future of my country. For the first time in my life, I can honestly say I am frightened and uncertain about my, and our, future. I’m scared. Period. And I see the currently Administration and Congress doing more harm than good. I spent the majority of my adult life as a cog in the Govt machine (as a soldier, attorney, prosecutor). My father spent his entire career in the FBI. My mother is a teacher. My entire family has worked for the govt for most of their lives. The thought of expanding that same govt scares the hell out of me. It should scare everyone.
Investing Under Obama
Let’s look at the key dates in Barack Obama’s Administration so far and see what the stock market did around those dates:
November 3, 2008: Obama is Elected
November 3, 2008: 9326.04 Open
November 4, 2008: 9139.28 Close
So far, not that bad, right? However, if investors believed in Obama’s message of hope they would buy, instead of sell, around that time.
January 20, 2009: Obama is Inaugurated
January 20, 2009: 8,279.63 Open
January 20, 2009: 7,920.66 Close
Obama’s inauguration didn’t exactly make investors celebrate. Also note, between Obama’s election and inauguration, the stock market dropped 1200 points. If they believed in Obama, the stock market probably would have inched upward, even in a down economy.
February 17, 2009: Obama signs stimulus package into law.
February 17, 2009: 7,845.63 Open
February 17, 2009: 7,502.59 Close
The stimulus package clearly did not stimulate any investors into buying. Note that as of February 17, there was a 1800 point drop since the election, and a 400 point drop since inauguration.
February 27, 2009: Obama announces budget
Febraury 27, 2009: 7,180.97 Open
March 2, 2009: 6763.29 Close
As of today’s close, Obama has overseen the worst stock market performance in the history of America for a new president. It’s an unprecedented 28% drop from Obama’s election to today. If you don’t believe my numbers, you can check the historical data here.
I know EXACTLY what the liberals are going to argue: “Obama is dealing with the mess. It’s not his fault because the problems were created under the Bush Administration. The stock market is weak because of what Bush did to the economy.”
Well guess what, folks…as ANY economist will tell you, capital markets are forward-looking. The Dow Jones Industrial Average usually rises and falls based on expectations of what will happen, not based on what’s happening right now. In other words, if stocks fall, it is because investors believe the future is looking bleak, not because the present state of the economy is bad. Note that the stock market collapsed in 2001 in anticipation of the recession that followed. The stock market is collapsing now in anticipation of the fact that Obama’s plan will be ineffectual.
So far, every time Obama has moved to improve the economy, the stock market has responded with a precipitous collapse.
For another conservative take, Michelle Malkin has a lot to say about the stock market collapse under Obama here.
Meanwhile, even liberals are acknowledging that Obama’s administration is mishandling the economy. This piece in the Huffington Post acknowledges that Obama’s economic team is failing to act effectively, though the author still refuses to criticize her Messiah.
Investors so far are unequivocal in their opinion of Obama. They have zero confidence in him, as we further report on here. If investors had any confidence in Obama’s vision of the future, they would be buying stock right now instead of heading for the hills.
$1T of worthless spending.
Good example of an opinion.
+2 for JSA. Well thought out and data supports the argument.
January 20, 2009: Obama is Inaugurated
January 20, 2009: 8,279.63 Open
January 20, 2009: 7,920.66 Close
Obama’s inauguration didn’t exactly make investors celebrate. Also note, between Obama’s election and inauguration, the stock market dropped 1200 points. If they believed in Obama, the stock market probably would have inched upward, even in a down economy.
February 17, 2009: Obama signs stimulus package into law.
February 17, 2009: 7,845.63 Open
February 17, 2009: 7,502.59 Close
You have got to be kidding. Seriously, you can’t be serious. You think the players in the market woke up on 1/20/2009 and just then realized that Obama was going to be inaugurated? “Oh, s***! We’d better sell!”. You think the fact that the chance of Obama’s signing the stimulus package went from 99.9999% on 2/16/2009 to 100% on 2/17/2009 caused a 5% drop in the Dow? What the hell are you smoking?