Contributed by: filbert Monday, February 23 2009 @ 02:53 PM CST
The Dow Jones Industrial Average has now lost 12% since Obama took office on January 21st. The S&P 500 is down 8% in the same time period.From Election day, November 4, both the Dow and the S&P are down 26%.So, at what point does this become the Obama Recession/Depression? I seem to recall that previous Republican Presidents became responsible for the economy as soon as they took power, if not before. Shouldn’t what was good for the goose be good for the gander, too?The country has been on the wrong track for a long, long time. It seems to me that all Obama’s doing is putting his foot down on the accelerator. He’s not moving the steering wheel at all, and that cliff edge is getting closer and closer.(Enough metaphors for you?)Freedom and especially personal responsibility will fix the economy. Phony stimulus, political spoils, class warfare, social engineering, fearmongering and Marxist-level income redistribution will make the problems we have worse, not better.