The Markets Try Obama, and Find Him Guilty

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You'd have to think the only thing in this country that matters is the stock market to judge Obama this early by how the stock market is moving. These bozo's have a nerve considering anyone else an economic buffoon. He's trying to move ahead on issues that affect all Americans and if the Stock Market is falling because that's not what they want to hear, that's their problem, not Obama's. The market is little more than a legalized crap shoot and stacked so the little guy is always the one who gets hurt the first and most when it rolls off a cliff. But Obama is supposed to cater to what makes them happy? When pigs fly.

mecormany of IL 10:09PM March 11, 2009

I don't get it.
The Republican administration waited until the election to tell us how bad things really were, and that's when the information about all the bank fraud started coming out. And you blame Obama for the market losses.
Almost every week, there are reports about layoffs and more securities and banking fraud. And you blame Obama for the market losses.
Currently, media talking heads on Fox and elsewhere tell us how to prepare for financial armageddon. And you blame Obama for the market losses.
Personally and professionally, I've always preferred facts over spin. If the facts say that businesses have made bad decisions, resulting in their stock going down, so be it. It's not the president's job to make greedy rich criminals look good to the public.
By the way, note that some businesses, like McDonalds, whose executives chose to make decisions that were good for the business, not for their own wallets, are thriving, and so is their stock.

Marlon Morrisson of WA 1:20PM March 08, 2009

The American Stock & Commodities Markets perform the worlds largest and most accurate "Daily Opinion Poll" on the status of our economy and where things are heading in 6 months. Yes, the markets forecast future expectations 6 to 12 months in advance.
The day after the election the markets started down Big Time! The DOW went down 400+ points on Nov. 5th and 6th has continued down with each new big spending program announcement. The DOW is now down 3000+ points since Nov 4th and 2400 points since Jan. 20th. That 3000 points represents OVER 3 Trillion in the wealth of Hard Working Americans. Yes,this is Main Streets wealth. Wealth that supported the retirement and savings plans of firemen, police, teachers, factory workers, and retired folks (like me). People see this wealth distruction and quit buying.
Now I am all for going after Wall Street crooks but even Obama doesn't appear interested since the proposed SEC budget has only been increased 14%. It should be increased by a 1000% if he is really interested in Oversight.
Also, if Obama is really interested in creating jobs he should have plans in the stimulus and the budget to support small business since 70% of employment in the USA
is by firms with less than 500 employees. Alas, not a crumb of support in either the stimulus or the "borrowing from our grandchildren" 3.2 Trillion budget.
The biggest Opinion Poll in the world, the American Financial Markets, sees all this happening and has said NYET!
I hope Obama and his gang in Congress wake up real soon and lighten up on increasing government control and class warfare before we turn into the United States of France.

ken matson of FL 9:12PM March 04, 2009

Let's hope that the new president can resuscitate the SEC and Justice Dept quick enough to try and convict some of the scoundrels on Wall Street. In the old days they would just string em up a hemp necktie with the horse thieves - not such a bad idea.
I'm not liking the new Republican model of Welfare - billions for bankers, Wall Street brokers and the like of AIG executives. The new sense of entitlement to bail out the rich is infuriating. The mantra of bonuses on volume means that Wall Street want a bonus for the squandering of America - no simple task mind you.
It sure makes the old version of welfare seem like a bargain - I'd rather be bailing out pregnant unwed mothers then these bums on Wall Street, it'd be a lot cheaper.

Pablo of TN 6:28PM March 04, 2009

By the standards of Ronald Reagan and Milton Friedman, Obama is sacreligious. But that's the kind of thinking that got us into this mess. The jury members in this "trial" are tainted by incompetency and devotion to a failed ideology. They're also upset that their taxes are going up. I have two words for Mr. Jackson, and spoken together, they are not polite.

Panskeptic of MT 4:11PM March 04, 2009

The market is being manipulated by Republican rich people and coorporations who want to steel from the average American.
It is time we stop playing casino economics which is what the reporter seems to call knowing something about economics.
Casino players win and loose and most of the time, casino workers know how to manipulate the machines so that the casino never looses.
The market is being manipulated now but the difference is that people are noticing.
Enough Republican lies and manipulations!!

Alma of CA 4:11PM March 04, 2009

This is utter bunk. Obama is not on any "trial" and the market is not a jury.
You're seeing air come out of a bubble.
You're seeing the unintended effect of mark-to-market accounting on thinly traded mortage bonds.
And you're seeing a president with courage to move ahead with what is right on health care, education, energy and tax increases NO MATTER HOW MANY LOUDMOUTHS CRITICIZE HIM.

Muser of NM 2:26PM March 04, 2009