Will Obama fix the economy?

Post Reply New Topic

Obama is too eager to please - too unwilling to step on certain toes. The "plan" to "solve the problem" by reinflating the housing market will continue. It reminds me of the time that inflatable rat started losing air and they were stumbling about trying to keep it up as it was losing air and it was all over them - you know, those inflatable rats that the unions use in New York City...

So, Limbaugh thinks that the disasters of a presidency are caused by the previous one. Bush the Elder presided over a recession - clearly the fault therefore of St. Ronald Reagan himself, or so Rush is implying. Why does he not announce that his god has failed us all?

It's a triple digit rally; we got these left and right last fall. You'd expect that after a a wretched session or two, but that doesn't signify a recovery in the market. It's been sliding for weeks; we'll see how far this rally goes.

Dow now 6558.

I "Hope" the market trend, the fastest downturn after a new president's election in almost a century, will "Change" soon.

Was that the "Hope" and "Change" that Obama was referring to?

Question: Will Obama fix the economy?

Long Answer: do politicians keep their election-time promises?

Short Answer: no.

Wasn't there a Republican who referred to our President as "Barack the Magic Negro?" Of course he will fix the economy, but you must trust and believe.

Thanks to President Obama's magic, the US dollar is higher (compared to other currencies) than it was under his predecessor. And, international flights are cheaper. These are all big pluses if you are planning on checking out Australia.

You just watch--President Obama will fix everything, or he isn't the "Magic Negro!"

On the Pulse of the Market, with twoshots:

Stocks rallied across the board today, gaining nearly 380 points for the Dow Jones Industrial Average led by a surprise memo in which Citigroup revealed that it was actually profitable in the first two months of the year. As it was widely accepted at this point the Citigroup's primary office in life would be from now on to consume the brains of the living, it actually making money had been considered heretofore slightly less likely than the Large Hadron Collider destroying the universe. The resulting uprest triggered a frenzy of buying. Some people even bought Citigroup.

In other news, some people are being optimistic that the the stock market may be on the road to recovery, reaffirming what most of us already knew: humans have brains only marginally more sophisticated than a goldfish's.

Hooray for the Magic Negro!

Interestingly, stocks have actually maintained this rally, making another substantial gain today, and inching the Dow over 7K.

While I'm talking about indexes, one name I've seen flying around a lot this week as a good indicator of the world's economy is the Baltic Dry index. The Baltic Dry index completely collapsed completely starting last summer, but bottomed out and flat lined for 3 months around the midwinter. However, the Baltic Dry has actually mounted large gains since early February, and is nearing levels seen around early 2006.

Well, financials are actually leading the pack presently, as there has been better than expected news from them over the past few days (the S&P credit rating for GE capital being downgraded to AA reported today was apparently better than expected). I don't expect things are quite settled myself, though.