Stock Market reflects public faith in Stimulus Package

@bobmnu (8157)
United States
February 21, 2009 2:08am CST
The stock market and the Board of Trade have no faith in the President or the Stimulus Package. Historically the markets do better with a Democrat in office because that signals more spending and the chance to make money. What we see is that with his election the marked rallied and early in his transition it continued to rally. With his taking office the marked has fallen and continues to fall because investors, who only make money when the country does well, have no faith in the President or his Policies. The demonstration at the Chicago Board of Trade on Thursday should be a wake up call to the President. Unless his intentions are to ruin this country and the philosophy that made it a major economic force in the world. He cited Japan as an example of what could happen to us and failed to point out that Japan tries massive spending 4 different times and each time it failed. He forgot to mention Ireland which cut business taxes and cut personal taxes and enjoyed a 25% growth over the last few years at the same time the rest of Europe was showing no growth or decline in growth.
2 responses
@Destiny007 (5805)
• United States
21 Feb 09
Of course they have no faith. His policies mirror the failed policies of FDR. I received something in the email yesterday that claims this is an attempt by the 0bamunist and the democrats to take over the country by eliminating the republicans and instituting one party rule in the same manner as Chicago. Of course, the 0bamunistas will claim this is just a conspiracy theory, but given the organizations who are benefiting from Porkulus it makes perfect sense.
• China
21 Feb 09
Maybe the plan is okay.But it includ a branch.And it link with trade protection.It is dangerous.Nobody wants to accept losing,so another country will have their plan to answer it.That would make a new war of commerce.A good idea turn to be bad