Thursday, February 26, 2009

Proof on why the stock market tanks when Obama opens his mouth.

This is the time line from the day after Obama was elected up until now. You'll notice that every time Obama made a speech on the economy, the stock market reacted negatively. Some thought it was just "wishful" thinking on my part and others. I wonder what the excuss is going to be now? It looks like every time Obama says anything remotely related to the economy, people lose money thanks to him.

* Nov. 5, 2008 (Wednesday after Election Day): -486 (5.0%)

* Jan. 9, 2009 (one day after Obama speaks at George Mason University on “need” for $800 billion stimulus package): -143 (1.6%)

* Jan. 20, 2009 (Inauguration Day): -332 (4.0%)

* Feb. 10, 2009 (one day after Obama declares that without a stimulus, “an economy that is already in crisis will be faced with a catastrophe”): -382 (4.6%)

* Feb. 17, 2009 (market opens for the first time after Congress passes $787 billion stimulus on Feb. 13; Obama signs bill into law, declaring, “The stimulus lets Americans claim destiny.”): -298 (3.8%)

* Feb. 19, 2009 (one day after Obama announces potential mortgage relief plan): -90 (1.2%)

* Feb. 25, 2009 (one day after Obama’s first speech to the full Congress): -80 (1.1%)


Blogger Zabeth said...

You can add one more, Obama announces his budget proposal 02/26 and the Dow drops 88.81 (-1.22%). It would all be funny if it weren't so ominous .

8:05 PM  
Blogger conservative brother said...

The Obama cult will never acknowledge the obvious. Wallstreet is scared of Obama. These events are a noticeable trend.

3:28 PM  
Anonymous Chilerkle said...

Wow you'd think with economy tanking more people would lose their euphoria over the first *ick* minority president.

I'm using the term minority because I hate that term and the left proudly spouts off that term which I find offensive.

12:15 PM  

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