Do you remember when President Obama said that a majority of economics said they supported Obama’s Economic Plan? That was back around the time your 101K was still a 401K Well that was then…this is now.
Stock Market has not been gyrating during 50 days of Obama’s presidency, that suggests lots of ups and downs. The stock market has been going DOWN during during the administration. And every time he announces another Program it goes down even further.
Economists also fear the Presidential “talking down” the economy and the fact that you setting big buisness as the enemy of the people. The energy plan and love fest with organized labor will raise prices on top of the higher taxes. And as of yet he hasn’t lifted a finger to get us out of the banking crisis. But there is one thing that should make the President feel a bit better, as lousy as the economists feel he is doing, Geithner’s grades are worse:
U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey.