Apparently, President Obama has slowed the DOW Slide.....its in the 7200-7300's

[opihimoimoi]

Lets hope it grows to prove Optimism and good planning Works.....

Them Pubs are going nuts trying to stymie Obama...even advocating counter productive crap like sniping and obstructing ...that is pure partisan.....it reveals the GOP weakness

Down to 15%.....the Pubs are so desperate....they gonna listen to Joe the Plumber at their CPAC meeting....he has the answers for

the Pubs to make a comeback....so they can rule us once more...

like we gonna trust them after what Bush/Cheney did to us

No, I feel Obamas speech helped to stop the bleeding....and as a side track...revealed the GOP's Shallow Bench....

We will soon see if the slide is really stopped and reverses itself to a rebuilding effort and beyond....Obama is PRICELESS

[lyonn]

1. The market and banks are not Obama friendly

CNBC is going crazy this morning. Slobbering almost. They hate President Obama. Who will believe all those financial talking heads anymore?

Obama has it right, strike now while the fire is hot and get some real help to the people instead of the stupidity of making sure our markets are high no matter how they get there, such as 1% interest rates to banks, 401K money being poured into stocks that were not worth the asking prices. Sorry for babble, been watching too much tv.

When Obama speaks the people listen. The corps are afraid they are losing control of our country. I think the market will be crazy until there is something specific decided about the banks and lenders.

[opihimoimoi]

2. Obama has somethings the Pubs do not have....Truth Reality and Sanity...this results in CREDIBILITY

He now has a LOCK on the POSITIVE SIDE OF THE EQUATION

The GOP is all NEGATIVE whatwith their Sniping and Obstruction format...The Peeps know they got had by the

BUSH/GOP and now embrace Obama and his agenda....

CPAC conference has Joe the Plumber and Michele Bachmann....OMG

http://www.youtube.com/watch?v=y165e1YXK0s

[backscatter712]

5. My bet is that some of the stock-market crash is due to hostile action.

Why was gas $4 a gallon? Oil barons manipulating the market until Congress closed the Enron loophole. Hostile action.

Now, my bet is that it's conservative-headed organizations, maybe the Carlyle Group (which is heavily in bed with the Bush family) or similar groups that are deliberately dumping stocks or short-selling stocks just to force the market down. They've got more money than they know what to do with, so they're more than happy to throw away a few billion here, a few billion there, just to make Obama look bad.

[opihimoimoi]

6. Its been a suspicion to me too....they play dirty...Country First my ass.

[lyonn]

8. Your observation has lots of explanations/possibilities

for the "big crash" of September, about them. Or when the Dem. congress started investigating the oil market, it was like a miracle, within a few weeks oil dropped.

Are you insinuating there was inside trading going on? Sarcasm of course.

[backscatter712]

9. My bet is that they were trying to engineer the crash to happen in January.

They wanted the economy to crater just as Obama took office.

Except they screwed up and the economy went pear-shaped early.

So at least for the moment, it's obvious that this is the Bush Depression, and Obama's not at fault - he's just the guy put in to clean up the mess.

[opihimoimoi]

12. Yup...its the Bush mega screwup...drove the bus into the deep gully

and now they call up Obama to come fix....on his terms not theirs

[lumberjack_jeff]

3. Don't use the Dow as a proxy for POTUS effectiveness or support.

I expect the dow to continue dropping. Where Obama's policies will be appreciated is on main street.

[opihimoimoi]

4. IMHO....it was a sign....but you are right...they are disconnected

[AZ Criminal JD]

14. It ihas been going down since his speech

How is that a sign?

[opihimoimoi]

15. lts not in the 5000's or 6000's....as it was headed for...

[AZ Criminal JD]

17. Not yet.

Give it time. Then whose fault?

[opihimoimoi]

18. Bush of course.....the damage was substantial.....

[AZ Criminal JD]

19. How long do we blame Bush?

It is a mistake to tie the market in with the President.

[opihimoimoi]

20. Are you kidding me...them Pubs blamed Clinton for 8 years and are still at it

[AZ Criminal JD]

21. So we should follow their failed logic?

[endarkenment]

7. I wouldn't pin Obama to the Dow.

I think 2009 is going to be one horrible year for the economy, probably the worst year since '37. What is important is that the honest efforts made by this administration mitigate the damage and are perceived by people as helping rather than hurting them.

[opihimoimoi]

11. I concur....Obama is doing his best is my perception as well as many others..

The Pubs are flummoxed into gabbing with Joe the Plumber, etc...

The GOP has entered the BLACK HOLE with no escape...

[Aloha Spirit]

10. The economy is fundamentally strong, see.

[Still Sensible]

13. The problem is that there are not many high profile

ways to see progress on a daily basis.

Sure, when the monthly housing, consumer spending, GDP reports and the like come out the public gets a snapshot. So lacking other daily sources it is only natural for people to look at what they can see daily.

That said, the market will be more predictive of failure than success. If the Dow goes down from here to 5,000, for example, the panic would be palpable.

Economists say that the market is predictive, meaning it is a look at what is generally expected to happen as opposed to a report on what is already happened. So if it gradually continues to rise, most observers (except for the GOP that is praying Obama fails) will see that as progress.

Probably the best monthly reports to reflect success will be the jobless numbers and the unemployment claims trends.

[opihimoimoi]

16. +Yes...should be a monthly thing for the trends to be more accurate

[PurityOfEssence]

22. This is a ridiculous contention.

There are some people here who would sincerely claim, that if Los Angeles got nuked to a crater, it would be proof of the genius of the President that they didn't get New York too.

The market closed UNDER 7100 TODAY, okay? Chances are very good that it'll dip below 7k next week, and some of us don't see any reason why it can't break 5000. Still, should that happen, many will flock to "prove" once again how Obama's undeniable supergenius otherworldly transcendance personally saved us from worse. Anything bad that befalls us will be the work of dastardly others, whether he chose them or not.

In many ways, he actually IS wonderful, but the chirping fantasists are beyond irritating.

There's no control universe where we can tell what would have happened under different circumstances, and since this is so very complex, uncharted and unpredictable that even economic wizards hesitate to hazard a guess, I find it just plain silly how many people can "prove" that things being merely this bad are testimony to the man's perfection.

Enough with the beaming zealotry, okay?

There's a very good argument that his not taking a firm hand and nationalizing banks outright and scorning the market ideologues by spending more money outside of the private sector on jobs programs wouldn't have engendered more confidence. Remember: this is corporatism, not really radical governmental intervention or market-substitution. There is nothing in the current plan that's not corporatist to the soul, and you can take that from a capitalist. The problem is that this country has been dragged so very far to the right that a relatively moderate sort like myself is regarded as some kind of screaming bolshevik.