Tuesday, March 3, 2009

Bush's Economy or Obama's economy?



"Someone put it best when they said we were in Obama's economy since he won the election.

Firstly, the DOW was at 9,000 when the final election votes were tallied. that was considered the last look at Bush's economy.

Secondly, the DOW is anticipitory, not based on the present or past.

People buy and sell stocks based on the anticipation of what they'll do. If the stock shows a likelyhood to be successful, They will buy. If there is anticipation that the stock is losing value, they will sell.

since this is anticipitory and not based on now or the past... it shows that there is little faith in Obama's economic plans, they are anticipating that his economic plans will not be good for the country and will not do enough to stimulate the economy.

So there is little reason to blame Bush, although he will continue to so long as it works... and people will continue to believe it for another month or so. (The die hard liberals will believe it forever.) But others will quickly wise up until Obama starts making decisions that doesn't put a big red zit on the forehead of his inexperience that voters were warned about
."

- as explained by a local talk show radio host during an interview with a wallstreet journal editor.

Again... DOW was up a few points today... Obama spoke, and now the DOW is currently down. How many times have I pointed this out now?




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