The great Hussein Obama stock market crash. Stocks drop over 2000 points since November 4th, 2008!

On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28. In mid-morning trading today, the day President Obama signs his massive Generational Theft Act into law and a day before he unveils a massive new mortgage entitlement, the Dow dropped to to 7,606.53. Now, imagine if President Bush had presided over a 2,000-point stock market tumble in the same time period — during the first few months of his presidency. I guess the “hope and change” hasn’t made it to the stock market yet. Once Hussein Obama signs the porkulus today, and starts devaluing the currency and causing hyper inflation, how much more will the stockmarket drop? 6000? 5000?

Great start, O.

Just saying…

And heres how stocks ended the day:
Dow 7,552.60 (-3.79%)
Nasdaq 1,470.66 -63.70 (-4.15%)
S&P 789.17 -37.67 (-4.56%)

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February 17, 2009 · Filed Under Uncategorized


Comments

  • Emerly

    This topic is so misleading. President Obama only took over office Jan 20th. Any losses between November and January fall squarely on the shoulders of the former president Bush. He took office Jan21 2001 and the market was at 10400 and he left with a 2000 point decline in 8 years. Without the affects of the subprime mortgage and all the home selling that went on in President Bushes presidency tht is now known as the housing crisis there would have been no growth under Bush. These are the real facts with no speculation.

  • Denny

    and now the market’s at 7501. The ‘change’ is everyone realizing the “stimulus” bill is the “stagflation at the end of rewarding the Democrats”
    bill. Typical machine politics. Now you all can enjoy the type of politics that make Chicago the highest sales tax city (over 10%) Just like Blago and the Daleys.