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Old 05-08-2009, 12:45 PM   #450 (permalink)
Tully Mars
Living in a Warmer Insanity
 
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Location: Yucatan, Mexico
Quote:
Originally Posted by Rekna View Post
For the first month and a half after Obama got elected we would here non-stop from the media and many members on this board about how the Dow had dropped because of Obama (of course this ignored the fact that the economy was in a free fall for 5 months prior).

In March the free fall stopped and the markets started going up. The comments about the Dow and Obama disappeared. Now the Dow is up since Obama took office and has been climbing consistently for 2 months (longer than what it dropped under Obama). Will these same members have enough credibility to come out and admit one of these 2 things:

1) Obama had nothing to do with the free fall.

or

2) Obama stopped the free fall and so far appears to have turned the market around.
I'm betting no.
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