Obama's First 30 Days Is Worst Dow Month Since 1933

[James]

Obama's First 30 Days Is Worst Dow Month Since 1933 !

The first 30 days of Barack Obama’s presidency have been the worst for the Dow Jones Industrial Average since 1933.

Since Mr. Obama’s inauguration on Jan. 20, stocks have plummeted precipitously. The Dow closed at 7949.09 on Jan. 20, and closed yesterday at 6763.29. The fall is roughly a 14.9 percent loss. During the same period in 1933, the Dow fell from 61.63 to 52.54, a 14.74 percent decrease.

Yesterday’s slide landed the Dow at its lowest point in 12 years, on concern about further bailouts for Citigroup and AIG. Mr. Obama championed a $787 billion spending package intended to stimulate the economy and has been optimistic about a quick turnaround for the economy.

http://www.thebulletin.us/articles/2009/03/03/top_stories/doc49acf5f52b3a0164412227.txt

[SAMSON123]

Obama's First 30 Days Is Worst Dow Month Since 1933 !

The first 30 days of Barack Obama’s presidency have been the worst for the Dow Jones Industrial Average since 1933.

Since Mr. Obama’s inauguration on Jan. 20, stocks have plummeted precipitously. The Dow closed at 7949.09 on Jan. 20, and closed yesterday at 6763.29. The fall is roughly a 14.9 percent loss. During the same period in 1933, the Dow fell from 61.63 to 52.54, a 14.74 percent decrease.

Yesterday’s slide landed the Dow at its lowest point in 12 years, on concern about further bailouts for Citigroup and AIG. Mr. Obama championed a $787 billion spending package intended to stimulate the economy and has been optimistic about a quick turnaround for the economy.

http://www.thebulletin.us/articles/2009/03/03/top_stories/doc49acf5f52b3a0164412227.txt

You're just seeing the effects of Bush's eight years finally coming to fruition. Sort of like you buying a home without having a home inspection done and finding out later after the roof collapses in on you that there is a structure problem, this followed by the floor collapsing in, then mold forming, then the house catching fire because of bad wiring, then being made sick because the house has lead pipes etc etc etc. Then come the spending to try and fix it..whereas the BEST thing to do is to abandon the house before it cost you all of your money and then drags you down with it...sounds familiar

[James]

You're just seeing the effects of Bush's eight years finally coming to fruition. Sort of like you buying a home without having a home inspection done and finding out later after the roof collapses in on you that there is a structure problem, this followed by the floor collapsing in, then mold forming, then the house catching fire because of bad wiring, then being made sick because the house has lead pipes etc etc etc. Then come the spending to try and fix it..whereas the BEST thing to do is to abandon the house before it cost you all of your money and then drags you down with it...sounds familiar

absolute Bullshit !

It really started to tank when Obama said in the election that he would raise the capitol Gains tax.

Even Democrats like Jim Cramer are saying it is Obama's fault !

[Soul Crusher]

You're just seeing the effects of Bush's eight years finally coming to fruition. Sort of like you buying a home without having a home inspection done and finding out later after the roof collapses in on you that there is a structure problem, this followed by the floor collapsing in, then mold forming, then the house catching fire because of bad wiring, then being made sick because the house has lead pipes etc etc etc. Then come the spending to try and fix it..whereas the BEST thing to do is to abandon the house before it cost you all of your money and then drags you down with it...sounds familiar

Obama did inherit a mess, but he is making the problem worse and the market is reacting to what it knows are years of terrible policy from his admn.