Why is the stock market dropping lower and lower with Obama?
March 10th, 2010 | 
Author: Ever since Obama has been president, the stock market has been dropping lower by any administration that Obama has done. I don’t understand this. Why is this happening. I’m really scared now because I’m afraid America might be heading into a depression.
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This economic slowdown has been building up for tens of years. It was not caused by Clinton, Bush, or Obama. In a market economy there are slowdowns. Imagine if the economy ran perfect all the time, it is impossible. These corrections are natural and will play out their course. There are many possible things to do to fix it. I personally believe we should let it fix itself because this is a market economy, not socialist where the goverment is involved all the time. It will get better, this same thing has happened in 1929, 1987, etc..
Mark
The economy is in the tank right now. Consumer confidence is down. People aren’t spending as they usually do. No one is lending money to anyone else. Obama has nothing to do with this.
I don’t think it’s the faults of Obama but the result of the accumulated bad fiscal policies by the previous administration.
Stock investors don’t want to invest in stock market when there are so many factors of economy that are uncertain. The investors prefer to keep their money in cash than losing in the stock market. When there are more sellers of stocks than buyers, the market tends to go down.
It takes a long-term fixes to improve our US (as well as world) economy from the current mess. I agree with you about “America might be heading into a depression” if it’s not in it already.
It is not Obama’s fault but something he is doing is negatively affecting it. The financial stimulus plan, not the one just passed but the one that we issued half of in the Bush administration. In the first half of the funds, there was no accounting where the money went and it did not do anything to help restart mortgage lending industry as it was suppose to. Now the banks expected that the second half was going to be given to them. Instead, Obama decided to allow refinancing loans to be given to directly to individuals and bypassing the banks. The banks are in trouble because they expected the new money and now know that they are going to have to show where the previous money went to. Since the funds are not going to the banks, many of them and other money and securities institutions are tanking and bringing down the rest of the market. So part of what is causing it is accountability.
The S&P 500 is still above where it was in Nov. and Obama was not the President.
The worst recession since the Great Depression the “Great Recession” as they are calling it has taken years to develop causing this crash.
It has nothing to do with Obama. He is not “magic” and the fixes will take time.
Funny thing, only a couple of months ago the Republicans were still denying that it was a recession until it was declared officially.
And we haven’t even had two consecutive quarters of negative GDP yet, that is considered the basic definition of recession.
it’s been going down for years with bush. obama just got in to it now so it’s not going to go away like that. its going to take some time