Wow. Within 24 hours of Obama’s election win, the marketeers have begun the blame game and surprise, surprise, the blame is falling on the new kid on the block.
Media mogul Rupert Murdoch said he feared Barack Obama would take the US in a “different and dangerous direction” by encouraging more economic protectionism.
A case of post-election nerves has sent stocks plunging as investors, again anxious about a recession, are wondering what impact a Barack Obama presidency will have on business and the overall economy. Volatility has returned on Wall Street, with the Dow Jones industrials falling 486 points to the 9,139 level, and all the major indexes tumbling more than 5 percent.
Yep, TPTB are rubbing their hands with glee. The perfect escape plan: the banker will skip town with the money and let the townsfolk turn on the new sheriff.
