I expect the Dow to drop below 5,000 during Obama’s first (and hopefully last) term. Of course for the next year the excuse will be that everything is still Bush’s fault and that Bush single handedly wrecked the economy to derail the Obama presidency. However by year two of the Obama term that excuse will wear thin as things aren’t getting better despite all the billions of dollars in bail outs and new federal spending. Many who voted for Obama will regret that choice as their paycheck’s shrink due to new taxes, their jobs disappear and the cost of energy skyrockets.
Pelosi / Reid’s fault.
Is it too early to start calling this “The Failed Obama Administration”
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Here's a hint: (1) Eliminate the capital gains tax. (2) Eliminate corporate taxes. (3) Eliminate the inheritance tax. (4) Secure the ownership of private property in the U.S. (5) Watch foreign and domestic capital FLOW into the U.S. economy, and watch the economy SOAR!
Message to Democrats: To paraphrase Ronald Reagan very loosely, you can take all the credit. Just do it.
“Dow Down 22 Percent Since Election Day”
And the DOW fell about 30% from January 2, 2008 through November 3rd, and 20% from September 1, 2008 through November 3rd. So what does that tell us?