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Is the Wall Street Panic Being Caused by a Possible Obama Presidency?

October 24, 2008

 We were told that it was of the utmost importance for the government to pass a Wall Street bailout bill as soon as possible in order to save the economy. Time was vital, there was not time to waste. The bill has passed and yet the market is still in turmoil, so what could be the cause if the bailout bill was supposed to be the answer.

 According to this article Barack Obama is to blame for the continuingmarket panic. Or at least the likelihood of a Barack Obama presidency.

The country is headed for recession; the only question is: Just how low can the markets and economy go?

It could be a lot lower – it all depends on the policies of the next president.

And, as it looks increasingly likely that Obama will be that man, the markets are casting a vote of “no confidence.”

 Wall street is nervous about Barack Obama and his tax plans so they are selling off before it is really too late. Barack Obama is already having a profound negative effect on the economy and he isn’t even president, and hasn’t implemented his disastrous economic policies yet.

 Just wait until he is president and we will see where the true bottom of the stock market is.

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4 Comments leave one →
  1. Deb's avatar
    Deb permalink
    October 25, 2008 8:24 am

    I would not be too surprised if the two were connected somehow. Just the fact in general that BO obviously wants to destroy capitalism I would think sends chills down the bulls spine. Wall Street cannnot be too enamored with his “spread the wealth around” total BS.

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  2. Financial Bounce's avatar
    November 5, 2008 9:33 pm

    Interesting article!

    Like

  3. George Callas's avatar
    George Callas permalink
    November 23, 2008 1:32 pm

    I’ve been thinking all along that Obama’s attitude on redistributing the wealth was going to destroy investor confidence. It looks as if that is happening. This is just the beginning.

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  4. George Callas's avatar
    George Callas permalink
    November 23, 2008 1:37 pm

    It has been apparent to me that Obama’s anti capitalism philosophy and eagerness to redstribute “other people’s income” was going to cause a huge selloff on Wall Street. His election certainly has triggered the unprecedented selloff. Obama got his vote from his constituents. Wall Street is now casting its vote of no confidence. This is just the beginning. Obama can appoint anyone he wants to prestigious regulatory agencies to fix this problem that his marxist philosophy has caused. It will all be in vain. The die is cast.

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