Is President Obama responsible for the huge dives in the DJIA, or might it be something else?

Question

For example: The trillions of U.S. tax dollars that have gone and are still going from the poor and middle class, through the Middle East, Wall St. and the Fed to the super rich fascist that have been running the nation and the world for the past 30 years? The long overdue and impending death of consumer capitalism and trickle down economics? The perception of Wall St. as a den of rich thieves? The complete separation of Wall St. traders from any hint of compassion for the bottom 99.9% of the nation's and world's economic ladder? Any other reasons you might think of, or does the power to crash the Dow rest solely with Obama?

Answer 1

The market peaked in October 2007 at 13000



and “came tumbling down last spring, to 11000, losing 20%

when the bursting of the housing bubble started to add up to massive losses for Wall Street banks and other financial services firms tied to bad mortgages.”





after the public found out that Bush and the G O P's deregulation of EVERYTHING caused false values and NOTHING is worth what THEY PROJECTED



of course confidence is OUT and people don't want stocks in companies that LIED about their profitability while paying their CEO multi-million dollar bonus's-----DUH



AND you have a big mouth that a couple million people listen t, everyday tell us of doom and gloom and how

He ruined America

He's turning us into socialists



and all that crap



yet YOU expect people to have confidence !!!



your team should be the one shutting lardazz up----he is hurting you folks more than anyone

Answer 2

No, it is more than coincidence that almost every time that Obama gives a speech, the stocks drop and in some cases as much as 100+ points.

Former President Bush, was shackled by the Democratic Mafia, that included Obama, every time that he tried to propose something to help the economy, it was vetoed by Congress or the Senate.

Knowing that Bush was a lame duck and had limited power until January, when they got the Oval Office, and blamed everything on the prior administration.

Former President Bush being the gentleman that he is has avoided the media and making any statements, but there may come the day, when he holds a press conference and lets the American public know who the real demons in Washington are.

Answer 3

The DOW rises and falls purely on confidence or lack thereof. When people have confidence in the economy they spend and invest. The simple fact is that there is no consumer or investor confidence. While Obama is not directly responsible for the conditions which have led us to the current state, it just simply cannot be denied that there is no noticeable confidence in his plans. When you couple this with the constant nay-saying by the administration about future short term economic affairs you produce a recipe for disaster. If the Obama plan does not begin to show positive results the market will crash. This confidence will not be inspired by the current path he is insisting on following. So yes I would say he is responsible for the continued decline of the market based on his actions. At this point if he would back off from the excessive budget he is proposing and retract statements about increasing taxation on business you would see positive response from the market.

Answer 4

enable me in uncomplicated words deal with one between your concerns. President Clinton had 2 appointees became down via reality they employed illegals...and we've been stuck with Janet Reno. Gietner no longer basically did no longer pay his taxes for 4 years, he employed an unlawful, he tried to get tax credit for sending his son to camp 2 cases, he replaced into in a position the position he replaced into given a make sure to pay for those taxes for all the 4 years that he "forgot" and those checks were banked after he signed the place of work artwork for each quarter acknowledging the debt and signed on the genuine of the 365 days acknowledging value (which replaced into no longer made) and yet, the powers that be say that is that if reality be instructed a 'little' mistake. Sounds to me like we are being railroaded into accepting this guy as Secretary of Treasurer! No ask your self Obama's approval score has fallen from 80 4% to 40-one% previous to even taking the oath. human beings are initiating as a lot as earnings the blunders that replaced into made on the polls. for sure, situation over his monetary plan, turn flopping on GITMO and Iraq all have some component to do with it. he's getting to draw close that reality is particularly distinct from campaigning.

Answer 5

Since the downward slide of the economy and the stock market started long before Obama was elected, it obviously has nothing to do with him.



Apparently some people would have us believe that they thought that, within the space of less than two months, Obama would miraculously reverse the downward trend. Most of those people however are still foolishly trying to defend bad Republican economic policies and trying to blame President Obama so that we don't focus on how detrimental those policies actually were.

Answer 6

Do you honestly think a President who has been in office for a little over a month dictates the rise and fall of the stock market?





1-The stock market crisis is not isolated to the U.S, it is worldwide.

2-Regardless of who is President, the stock market would have tanked, including McCain if he'd won.

3-Historically, the U.S. stock market DOES BETTER with a DEMOCRAT as President.



I know, facts are a b*tch!

Answer 7

The market is diving because of greed and corruption wrought by Bush's economic policies regarding de-regulating 'certain' markets.



It has nothing to do with Obama.

Answer 8

The DOW crashes if someone farts too loudly....having said that....he does bear some responsibility.....but people should realize that the stock market does not = "the economy"...nor is it meant to be a barometer of it.....too many unrelated things affect the stock market.

Answer 9

Derivatives market collapse. This has nothing to do with Obama.

Answer 10

Yes, the market is based off of future expectations. When he got elected it started dropping. A total of 3,000 points since that day in Novemeber when the results became known.

Answer 11

Any time you remove the ability of discretionary income to be invested you will kill the stock market. Odumber is doing just that.

Answer 12

One Term Barry



The market has dropped 21% during Barry Obama's six short weeks in office. Last Tuesday Barry told Americans it is time to buy stocks: the market lost another 6-1/2 percent last week despite Barry's pronouncement.



One Term Barry now is down to 56% approval rating for the third day in a row and the trend is down -- just like the stock market is down again today.

Answer 13

Oh geez....it can't have anything to do with the recession, could it? *scratches head*

Answer 14

Yep totally, the market is half of what it was since his election!

Answer 15

yes, it's Hussein's policies