Why doesn't anyone blame the state of the economy on Obama's election?

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god007md

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I'm asking this simply because there are so many questions and answers blaming Bush for the state of the economy today and I just wanted to even things out.

The simple fact is that since before the early polls were released in early October projecting Obama to win by a landslide, the stock market was hovering around 11k. By October 10th it was at 8500.

Then at the time of the election, it had crept back up to 9600, and after Obama's election fell 1000 points over the next 2 days, and fell to 7500 over the next 2 weeks.

Is there any connection to Obama being projected and then elected president and the stock market dropping 25-30%?
I am not ignorant and know full well that that was not the sole reason for the downward spiral we are in today, I just find it a very amusing coincidence. I also think is has something to do with his socialistic beliefs that led a lot of people to yank their money from the market while its still theirs.
 
his election is the reason the markets are still down, people know he will be bad for business, but he will be bad all around so time will tell on him. blame for the current mess lies with Barney Frank Chris Dodd, Chuky schumer the rest of the Dem cogress and Administrations going back to slick Willie. Rep turned Dem Bush has some blame here also
 
i think you are right, but i dont think Obama is at fault. Bush was pro military and i believe had some sketchy foreign connections which brought in economic support to the country. With Obama in place, the military would be taken out of the middle east. As much money as the military wastes, it also makes money and makes countries want to invest. anyways, i believe it is somehow related to foreign affairs
 
Its called "cause and effect". Its a basic principle. If you do a certain thing, it will have consequences, like if for example you deliberately de-regulate the securities market (Bush did), and crooks then take that opportunity to steal billions of dollars and mis-invest hundreds of billions more, you have CAUSED the present economic disaster. Mr. Obama had nothing to do with forming the policies that have CAUSED this economic disaster. We call it a "Depression". Read about it. Its depressing, but you should know whats in store for you and tens of millions of people like you. Like this one, it was CAUSED by Republican de-regulation of the economy during the 1920's. Stability and economic growth and prosperity were CAUSED by scientifically developed economic policies developed under Franklin Roosevelt, to cure the Republican CAUSED depression. Notice that cause works only forward in time. An act precedes a consequence, not the other way around. That is very basic, I hope you can grasp that concept.
 
Because it takes years for us to feel the effects of decisions. I just watched that old movie Mr Mom last night. Made in 1983. The same exact things were talked about. Jobs hard to get, people losing houses, food prices so high. Because Reagan took over when the economy was in a downward spiral. We tend to cast blame on whoever is in office but the wheels are set in motion long before they are elected.
 
Unlikely considering Obama doesn't have any presidential power yet and so doesn't control the economy.
Maybe because people spent so much on making signs and banners for the candidates that they have none left?
 
Not at all. It rose and fell due to a number of things. Gas, housing, unemployment, stimulus packages...etc.
 
This whole Bush ownership society was keenly tuned in on getting as many people in homes as possible. he knew shady things were going on his whole presidency and did nothing. The Housing boom was the only thing keeping the economy going, so Bush just let it go..and when in crashed, it took everything with it
 
I don't think there is a connection, but what the hey, what goes around comes around. I say it is Obama fault.
 
well during that time they handed out billions to the super wealthy so that had a major effect on the economy.
the stock market is also the least reliable way to judge the economy.
 
The Recession began in early 2007
.
Obama was only a candidate for president he had not won yet
.
The price of oil causing all things we purchase to increase in price
At an sprinters rate around the world not just in America
.
With the continue foreclosure of homes ever since the Low interest Short term home mortgage scam of a time bomb continued to explode
.
With the desception of the CEO's wanting money to take a $443,000,00 dollar get away to some resort in California
.
Since the need to support the CEO and board of directors
Multi million Dollar bonus come this years end in
Bail out monies
.
Since the continued desception of the Auto industry after they continue to receive all kinds of bonuses that will never be known
.
and its need to try and keep a dead product alive on the market by the threat of laying off 3 million workers nation wide
.
Enough said it is corporate America fault for the state of the Union
.
by out sourcing all of Americas production to make more profit and greed
.
so the corporate executives can keep their monster pay checks a rolling in all the while they lay off thousands of workers so they can keep their bonus's rolling in
.
You see it is the American Dream come true for the few this time
.
 
Because it's impossible to prove correlation. It's also a very economically naive to think such things--especially in light of the big economic picture.
 
Of course there is a correlation. Obama and Clinton said the first thing they'd do is raise capitol gains taxes if elected, so people with big money in any investments covered by capitol gains taxes, would take at least a 10% hit by waiting to liquidate. So for a million dollar cash out they would pay an additional 100,000. Kind of difficult to call it a profitable investment if the government gets all the gain on your money! This is why raising cap gains, is an economy killer. People see no incentive to invest (risk) their money, and have to gov. get all the reward. The dirty little secret, is that these people know this, So why then do they do it?

To spread more misery and fear. Hope and Change baby, BOOYA
 
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