It is now the OBAMA economy ...

[TandT]

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.

The Rest of the Story .... http://online.wsj.com/article/SB123604419092515347.html

[seabelle]

I had trouble with your link, but remembered the article:

http://online.wsj.com/article/SB123604419092515347.html

"He's running out of people to blame" !   

Good read, should be an interesting day on Wall Street 

[TandT]

I had trouble with your link, but remembered the article:

http://online.wsj.com/article/SB123604419092515347.html

"He's running out of people to blame" !   

Good read, should be an interesting day on Wall Street 

Thanks for the assist ...

[JohnnyReb]

"He's running out of people to blame" !   

He's already down to a radio talk show host......next week it'll be Who Knows.

[thundley4]

He's already down to a radio talk show host......next week it'll be Who Knows.

Next week , 0Bama will blame the fear mongering media for reporting on his speeches and policies. 

[DumbAss Tanker]

Next week , 0Bama will blame the fear mongering media for reporting on his speeches and policies. 

Pretty likely, I think it will be the financial sector media though, not the MSM which is still busy presenting its butt to him like a cat in heat.

[Happy Fun Ball]

He's already down to a radio talk show host......next week it'll be Who Knows.

[Wretched Excess]

"He's running out of people to blame" ! 

that's the only trick in his book.  he got where he is right now by endlessly repeating "four more years of failed bush-mccain policies".  he has yet to prove that he can even function without someone to blame.

[NHSparky]

I swear, Obama could **** up a wet dream.  Dow now down today.

AGAIN.

[DumbAss Tanker]

I swear, Obama could **** up a wet dream.  Dow now down today.

AGAIN.

With the possible exception of PMS-NBC, which I don't watch, he isn't getting positive marks from any financial-sector reporting, and quite a few (beyond the normally-ignored Conservative critics) are beginning to utter heretical negative comments about his performance and plans.  The lack of a viable way ahead that passes the straight-face test with financial professionals is beginning to take a toll on the market, which seems to have decided the ponies and unicorns are not, in fact, in the mail.  Unless he resigns or gives up the Commie stuff, I really don't see what will put a floor under it until stock reaches parity with liquidation values for the companies that are sliding now.  The financial press seems to particularly dislike his ideas about extra taxes on the over-$250K earners (i.e all of them), monkeying with the home mortgage deduction (understandable given the probable size of their own mortgages, but a terrible idea for other reasons), and severely limiting the charitable deduction.