Monday Market Update

The bloodletting continues: the Dow Jones Industrial Average is down over 300 points so far today, dropping past 7,000 for the first time since late 1997.

On a related note:

The stock market had its worst January since 1896 followed by its worst February since 1933 due largely to the historic spending and tax initiatives proposed by the Obama Administration.

President Obama is not doing any better.

Rasmussen Polling Shows Plunge: 30% to 8% on Strong Approval in Less Than 40 Days:

Special Guests reported that Barack Obama’s popularity ratings have plummetted according to the latest Rasmussen Poll.

The highly accurate poll subtracts the ‘strong dissapprovals’ from the ‘strong approvals’ to get their net approval rating.

The week Barack Obama was sworn in, the ‘Obama Approval Index’ his approval rate was a whopping 30%. By March 1 to a meager 8%. Considering he had 15% on February 27, this is a veritable freefall.

Gateway Pundit adds these details in a separate post:

Democrats, including White House Budget Director Peter Orszag, continued to pound George Bush this weekend for the failed policies of the last 8 years.

Those failed policies dropped the deficit 4 of 8 years Bush was president, held an average unemployment at 5.2%, saw the strongest productivity growth in 4 decades and witnessed robust GDP growth.
Bush was able to do this despite 9-11, a recession he inheritied, wars in Iraq and Afghanistan, and Hurricane Katrina.
He did this by cutting taxes and giving people back their own money to invest
If only we could be so lucky to have those failed Bush policies today.


Barack Obama = American Economic Doom.


There's my two cents.

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About

I'm a gun-owning, Bible-thumping, bitter clinger conservative in the heartland. You can disagree with me if you want (you do, after all, have a right to be wrong)...just don't be rude or stupid and we'll get along just fine! :)

Posted in Economy, Liberal Hypocrisy

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