Investors spoke today with a thud.
The Dow dropped nearly 500 points today.
Election-Day euphoria vanished in a cloud of negativity on Wednesday as the Dow plummeted almost 500 points, its worst post-election plunge on record. The losses narrowly surpassed the Dow’s 4.51% decline the day after Franklin Roosevelt’s win in 1932 during the Great Depression.
The bailout was a mistake. Banks are buying banks and/or hording the money.
What is Obama going to do when investors bottle up their cash and put it in more secure investments, thereby pulling more money out of the economy.
Americans are uneasy with Obama because they still don’t know how he’s going to protect our basic industries and create the promised jobs in a down economy.
He’s got to prove he’s up for the job by somehow satisfying the left wing crazies and the more moderate Democrats.
Americans aren’t sure how he’ll govern. East coasters don’t want San Francisco values brought here.
Obama has quite a task laid out before him and many are concerned.