Bush has done nothing over the last few months but stay hidden in the white house cowering in the corner. So, it has not been bouncing like a ball because of Bush's actions.
It was not Bush that made all those bad loans that caused the morgage debacle. Look at your neighbor with the house and a job that can’t pay for it. Did Bush sell him the house or was it mandated by Bush to sell houses to the poor?This has been what Obama has been fighting for all his political life. Take from the people with money in order to give to others even if they did not work for it. Spread the wealth…. Yes, Obama fought for those bad loans to be made even as a community organizer and so did the Democrats in Congress. When people challenged it, the congressional representatives said it was a racist attack on the black man running Fanny Mae. After all everyone should have a house right?Then we had the Mortgage Crash. Bush tried to hand out money to cure the economic illness. Only McCain under stud these people must be forced to stand or fall (Remove the cancer, radiation was not the answer). A More than 700 Billion dollar hand out was the response by Bush and the Democrats in congress played right along. They could blame Bush for the finacial problem and still have plenty of money to play with.
Fear and emotion play a big part in the American economic structure. Bush and the Democrats in congress believed the super mega hand out would ease the fear on Wall Street. People would barrow and spend again and the world would keep turning. Only finacial world did not stablize.
Most people understand the stock market (and the American economy) is based on a betting game that a business will grow (or you can bet on a collapse if you play the dark side by selling short). The majority of the people must play the game, or Stock Market, by putting their money into money market accounts that believe or “bet” a business will grow. Everyone, educated in economics, knew an Obama presidency and his promised tax plan was bad for businesses and bad for the current American capitalist economy. Businesses will not be able to grow when heavily taxed.If a business believes it will be taxed higher, it will not expand or hire new employees. In fact most will contract and fire or lay off employees. This means business will not grow and will revenue will not grow. They know now under Obama they will be taxed to death in order to “spread the wealth”. No growth, No jobs.
The market has been fluctuating out of “fear” of an Obama presidency. Now investor’s fears have come true. The stock market has already spoken and given a vote of no confidence to an Obama presidency by dropping 10% in two days. The investors know what the future brings.
I fear it will be a deep depressionObama preached his “Hope” and “Change” to the wrong crowd. He said things will change; I’ll take the big businesses money and give it to you that want it. This may have bought him votes but, this was not very inspiring thought to a business owner. Where is his “Hope” and “Change”?As a bonus smack down to the American economy, because fear of a repeal of the capital gains tax there will be a flood of selling to save money (what they have left after the market crash) on the impending Obama capital gains tax retroactive to January 2009. This sell off will have a more than disastrous impact on the economy. Maybe the final nail in America's coffin?You don’t have to worry about what Obama’s going to do in office. He is not wise enough to understand that what he says he is going to do is enough to destroy the world.By voting him into office you have sealed the fate of America.
Change you wanted, Change you’ll get.
