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November 6, 2008
Obama Continues To Work His Magic
I can't help but notice that the DJIA is down another 5% (400 points) on top of yesterday's record shattering post-election drop. What - you mean tax increases and wealth redistribution aren't what Wall Street was hoping for? Come on - look what it did for the Soviet Union.
Senator Joe McCarthy must be spinning in his grave like a top.
You wanted change? You got it. ;)
Update: Apparently I'm not the only one to make the connection.
"It's a bit late for investors to notice that pretty much everything Barack Obama wants to do will hurt the economy. Today, the stock market plummeted around five percent on Obama's election."
Update 2: For those of you playing the home game, the market fell 10% in 2 days since the lib-tards voted in "The One". Doh!
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Posted by Rob Kiser on November 6, 2008 at 11:08 AM
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» Obama Vows to Replace Wall Street Bull with Bear from Peenie Wallie
Responding to the historic post-election market collapse, Obama announced today that he would seek to reign in the stock traffickers of the New York Stock Exchange and replace the Wall Street Bull with a Wall Street Bear. Obama's apologists... [Read More]
Tracked on November 6, 2008 8:03 PM
Comments
A commenter over at Ace of Spades pointed out that Obama's lowering the stock market prices so that stocks are easily available to the little guy.
Posted by: Alice H on November 6, 2008 at 8:51 PM
I don't doubt that this is true. I doubt that he'd shed a tear if the NYSE lost 100% of its value because, after all, it's only the "rich" that have extra money to invest and if they lose it all, then who cares? However, along this same logic, why not allow housing prices to fall to make them more affordable to first time home buyers? Basically, if the economy comes to a grinding halt, it favors the poor, according to this logic. Which may be exactly what "The One" wants.
Posted by: Rob Kiser 
on November 7, 2008 at 5:25 AM