The Dow is down another 3% today – over 220 points as I write. It has suffered greater losses since Obama was elected on November 4 than it did since 9-11. This President and his economic team have been a total failure. This bailout madness has to stop.
Hope. Change. Repeat. Sooner or later there’s a bottom.
It’s becoming clear this administration has no idea what it’s doing.
Does anyone else get the feeling that we are witnessing mass hysteria?
No what we are witnessing is total incompetence by our government. They could do much better by doing nothing and letting the market sort itself out. But then we wouldn’t be able to fund the National Endowment for the Arts to the tune of an extra $50 million.
Someone needs to tell the President that he won the election and can stop campaigning now. His flying around the country on the $68,000 an hour Air Force One is just one more extravagant expense that need not be spent.