[quote=gandalf]Not sure I understand, Butler. Stock market drop is Bush’s fault? Obama’s fault?
Seems to me it’s more closely associated with the housing bubble, credit crisis and economy? You know, things like business cycles, ratio of outstanding debt to capital, financial industry deregulation, bond market conditions, money supply and velocity, fluctuations in commodities, etc.
If you’re mad about Obama, don’t give yourself an ulcer or anything.
How’d you like Bobby Jindal’s speech?[/quote]
The collapse of the stock market is our leaders fault. Bush failed to control it when as a lame duck he caved in to the opposition and abandoned free market principles. Obama is failing because he has no experience or hope for a free market.
The stock market is not controlled by anything that you mentioned. The need to invest controls the market. It goes up when stocks are bought and goes down when stocks are sold. Is that simple enough for you? When the Government controls an industry it also eliminates the profits. Talk of government controls are daily now. Obama offers no hope for a profit so everyone sells.
Recessions happen but this one is different because of the scope of government intervention.
A jobs bill with no jobs, a doubling of the deficit, C02 cap and trade tax, higher taxes for small business owners, higher taxes for all who pay and health care “reform” are just a few of the profit eliminators and double speak that are being pushed through. You can’t even put money in your mattress because inflation is threatening to even find that.
