Quote:
Originally Posted by 70Chip
I really didn't want to have a debate about whose fault it is, as that debate will be ongoing for many months in many forums. I was more interested in getting folks on the record as to where they think the bottom is, kind of like an office pool.
Having said that, I sense a defensive tone from the Democrats on the stock market. Of course Obama cannot yet be held responsible for the bulk of the nasty economic indicators we see, but the stock market is a little different. It tends to react more to events in real time - Fed action, earnings reports, wars and natural disasters, etc. That is not to say that the underlying fundamentals are not shit, but I do think the feckless response of Geithner for example, has not been helpful. It's also why all the Democrats are talking about Rush Limbaugh right now. They would prefer to wait for some sign of recovery and THEN talk about the economy. That's the way it goes.
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Thank you.
I love it. Obama can do no wrong for all the cult followers. I gave this dope Obama a chance but his policies have investors scared shitless and he is killing the market. That will contnue to degrade consumer confidence. Rinse/repeat. Simple idiocy.