In the 1980s there was a popular commercial that went , " When E.F. Hutton Talks , people listen". E.F. Hutton eventually became part of Citigroup.
Well its not the 1980's anymore, and the Obama administration Catch phrase may well be "When Barack Obama speaks, the stock market tanks." At the rate it is going we could see 1980 stock levels again!
From the History breaking record Obama set as the worst inaugural day in DOW history to repeated loses every time Obama speaks to the public, The market is headed in one direction DOWN!
Perhaps it is the mixed message Obama speaks. The 'We must curb wasteful corporate spending and jets", as he jets almost daily across the country trying to sell his ideas to the rapidly deafening ears of the American public.
Railing against "No Washington Politics as usual and no Lobbyists in my government!". Then breaking those rules , hiring Lobbyists, hiring people who 'forgot' to pay taxes.
Speaking against wasteful earmarks then approving a stimulus bill full of wasteful Pork projects.
Talking about Fiscal responsibility and cutting the deficit when he is responsible for the biggest spending bill in history. Its all appears to be "do as I say not as I do."
Today the Dow closed at 7114.77, a 250.78 point drop, and a 3.41 percent decrease. The Dow is at May 8th,1997 levels! More than 10 years of economy down the drain. Obama inaugurated = Dow drops, Obama Stimulus = Dow drop, Obama housing plan = down drops, Obama bank plan= Dow drops. Fiscal responsibility summit=Dow drops.
Do you see a pattern here America?
Tuesday night Obama will address congress. Will we see a DOW at 6000 by the end of the month?
Perhaps Obama needs to respectfully 'Shut UP'! Obama is like Joe Biden, the mouth opens and you never know where it is headed!
Please President Obama stop 'helping' us! The Economy and Americans can not take any more. Go on a Hawaiian vacation, go to Camp David, The American Taxpayers will gladly pay for it just please don't open your mouth until you have a clue what you are talking about.