MSM in full 'blame' Obama for the stock market mode

How many times is CNN going to show their little graphic "since inauguration, the DOW has went down" "since the stimulus package, the DOW has went down"

I also find it funny that the same ones claiming Government shouldn't be involved and railing against big Government, are the same ones blaming Obama for not doing enough to save Wall Street. Can't have it both ways.

Republicans and specifically bu$h never take the heat for anything they do.

:sarcasm:

What ever happened to that Bush dude anyway? You know the guy who caused the economic crisis and also destroyed the world. It's almost as if he never existed according to the MSM.

This catastrophe was set in motion a very long time ago, long before Obama even threw his hat into the ring for the presidency.

CNN, et al, are preying on the average American who knows little to nothing about the stock market. In this particular case, a little knowledge very much is a dangerous thing.

Corporate America (and it's ever-failthful media arm) is trying to diminish the Obama admin because he's threatening the status quo of 30 years - that our economic system is based on supply-side economics only.

I asked them why they weren't asking the tough questions during the eight, long, abusive Bush years. Why they've just now decided to be all over the new (Democratic) administration, after ignoring very serious issues with Bush.

I haven't received any response...I wonder why... :shrug:

And they couldn't expose him more than he does himself. It's like they were in on it.

DJIA on 20 Jan 2009: 7949.09

DJIA on 2 Mar 2009: 6753.29

It is what it is. If Bush is to blame for the market decline up to Jan 2009 (and he is partly to blame) than President Obama has some reponsibility for where it goes after Jan 20, 2009.

package is what is cause the problem. Which quite frankly is bullshit. As the economic news that comes out everyday is more of a factor and the economic news leading up to inauguration all showed signs of this coming. A little fair reporting is all that is asked.

It's unreasonable to think that there is any short term magical solution to the current recession. 2009 will be a bad year economically and things likely will get worse before any turnaround. To expect stocks to rise during this time period has no basis in reality.

The chickens have come home to roost on Wall Street but the MSM talking heads still yearn for the good old days of no regulation CEO Republicans in the White House.

Some current stock prices...


SiriusXM $0.14

Six Flags $0.24

Sunrise Senior Living $0.39

Mesa Air $0.05

Obama just had a great answer about the stock market...He's not focused on the day to day gyrations of the stock market. He wants a longer term solution, where people invest in the stock market as the economy improves. It's not going to happen overnight. We dug a very deep hole. We are cleaning up that mess.

speech(es) don't they understand?

He said this would happen, it's happening, and now they are complaining about it.

Idiots.

Over 12,000 they would say it was Bush who set us in the right direction. These same assholes did nothing when Bush ran a dictatorship as we saw with yesterday's news. Which by the way was looked at with such surprise. Didn't these talking heads know that Bush could have taken anybody away without a trial, even them. I mean they just found out about this yesterday. These same talking heads accepted Bush's stupidity without question. It's almost like the world stood still for 8 years.

Can't win for losing.

This was on the front page of my local newspaper...
http://www.azcentral.com/arizonarepublic/news/articles/2009/03/03/20090303wallstreet0302.html

If there ever was a symbol of investors' lack of confidence in the government's ability to stem the financial crisis, it was the Dow Jones industrials plunging below 7,000 Monday and closing at levels not seen since May 1997.

Stocks are in freefall. Investors are in panic mode. The government's numerous bailout attempts have failed to restore hope.

And how low stocks must go before bottoming out is anyone's guess.
"It's a bloodbath, pure and simple," said Scott Black, president and portfolio manager at Delphi Management. "This is a vote of no confidence in the Obama administration. It doesn't matter what you own, everything is going down. It is a total capitulation. People are just terrorized and are throwing in the towel."