After the Bailout: Is Obama Depressing the Market?

Obama depressing the market?

It's borrow-and-spend Reaganomics and deregulation that mostly contributed to this. The liberals were against it, preferring tax-and-spend. Looking back on it, which is the lesser of two evils. So, if you want to get our house back together, do you want to get there by just cutting spending? Okay, whose ox do you want to gore first? The military? Social Security? Medicare? Farm subsidies? People making $200K a year? Don't everybody volunteer at once.

Richard @ Oct 10, 2008 02:36:15 AM

Long Obama

Deficits do matter and this whole banking mess we are in has been made worse because we have been piling record federal deficit upon record deficit in the past seven years and therefor have less room to address the seriousness of our financial turmoil in the market today. Obama will get our country's economy back on track by offering assistance to the middle class in the form of lower taxes and better health insurance options. These policies will do more to stimulate corporate earnings than anything Reagan or either Bush have accomplished.

We will be saving $12 billion a month when we leave Iraq and that money is better spent on our own infrastructure and lowering taxes for the middle class (families making less than $195,000).

Improving our health insurance options may be the single best thing for the middle class and our economy. Our current systems has America spending 17% of its GDP on healthcare and we still have nearly 50 million without insurance. Our economic competitors in Germany and Japan only spend 5% of their GDP on healthcare and everyone is covered. We clearly have room for improvement on health insurance. Such improvements on health insurance will make our businesses more competitive and lower premiums will help the average worker.

Obama should be viewed as the second coming of FDR and I hope our conservative friends stand up right now to thank President Roosevelt for creating the Federal Deposit Insurance Corporation. Without FDR's FDIC, they may have literally lost their cash at the bank this week.

Mike McHugh of IL @ Oct 10, 2008 01:57:00 AM

This piece is pure Republican Scare Tactics. I'm disappointed that RealClearPolitics would even link this biased article.

Annie of WI @ Oct 10, 2008 01:30:22 AM

Economy

What a stupid idea. If McCain would become president then we'd see a worse problem. Obama will help the situation. How dare you write such assanign verbage.

Jane Davis of CA @ Oct 10, 2008 01:21:12 AM

It's true . . .

It's clear the markets headed downward when the Obama started pulling away. Correlation is not causation but I'll buy it in this case because I know people who are pulling their money out of the markets because they think Obama wiill screw up the economy.

Every wacky idea he is proposing has been tried and it's been a disaster. And he doesn't have any of the core values or character or experience to thin and act on this issue.

Get ready for another Jimmy Carter experience. Can you say malaise?

NObama of IL @ Oct 10, 2008 01:05:50 AM

There is a direct correlation between the Obama poll numbers going up and the stock market going down.

Judith of CA @ Oct 10, 2008 00:14:42 AM

An interesting way to write an article: Claim it would be an absolute cheap shot, then do it anyway. I guess when nobody's listening to right-wingers anymore, they have to argue with themselves....

If Obama really were going to tank the economy -- and that's completely, utterly false -- the reality would not matter. The perception would. Most investors have absolutely no confidence whatsoever in McCain. The Wall Street Journal is writing editorials expressing quite the opposite sentiment of this article, for God's sake.

That's not even how it works. The economy did not tank when there was a very real fear of distribution on Wall Street of Roosevelt. And they were scared of him! Some actually plotted an armed military coup to set up a fascist government (weird piece of history, huh?).

Besides, half the country invests, not just J.P. Morgan & Rockefeller. Apparently, these days, more than half the country are Democrats. And most non-Democrats aren't so scared of a Democratic administration that they would pull their money out of the stock market just because Obama wins the White House. They pull their money out because banks aren't lending money to businesses, and the money market system is shot.

You must write for Palin.

Pierce Randall of @ Oct 10, 2008 00:12:46 AM

The market is crashing because of the lazy negroes

Pethokoukis is a moron

Noam D'art of @ Oct 09, 2008 23:40:11 PM