The Obama Economy
As the Dow keeps dropping, the President is running out of people to blame.
In part...
The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy. Health-care stocks have dived on fears of new government mandates and price controls. Private lenders to students have been told they're no longer wanted. Anyone who uses carbon energy has been warned to expect a huge tax increase from cap and trade. And every risk-taker and investor now knows that another tax increase will slam the economy in 2011, unless Mr. Obama lets Speaker Nancy Pelosi impose one even earlier.
http://online.wsj.com/article/SB123604419092515347.html
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The market is up as I key this in, but not much. I have a small amount in the market - lost 40% so far - advisors are saying that it may take 3-5 years to make the loss back. I tend to believe that estimate.
There seems to be a disconnect between the Obama Administration and the rest of America. We're screwed.