Anonymous
Anonymous asked in Politics & GovernmentPolitics · 8 years ago

how come the stock market always drops after obama explains his plans to "fix" the economy?

12 Answers

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  • R J
    Lv 7
    8 years ago
    Best Answer

    Maxine you are so "brutal', right but brutal. I am not sure and if you notice the credit rating bit the dust after Sen. Reid said he would veto any budget cuts.

  • 8 years ago

    In case you missed it, it was the Federal Reserve saying capitalism's inherent flaws are so severe there is only so much more they can do. Government action is needed but the Republilcan Congress is taking economic incompetence to unprecedented levels.

    {“The fact that the outlook has not improved despite QE1 and QE2 tells me that monetary policy is reaching its limit and fiscal measures have to do the heavy lifting,” said Manish Singh, London-based head of investment at Crossbridge Capital, which has more than $2 billion under management. “So far, what we have got from the Congress is only disappointment and half- baked measures. If we get more of the same, the downside risk to the markets amplifies.”} - Bloomberg 09/22/2011, "Stocks, Won Drop on Fed, Bank Downgrades"

  • Anonymous
    8 years ago

    He released his plan early last week.

    The stock market went up for five consecutive days after that.

    Now it's gone down for two consecutive days.

    But it must be Obama's fault, right?

    The Greek debt situation has nothing to do with it.

  • Gaijin
    Lv 7
    8 years ago

    Probably for the same reason stocks nearly crashed after the republican budget fiasco happened.No confidence in the market until the economy actually starts to pick up.

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  • Anonymous
    8 years ago

    You didn't know the markets in Asia and Europe dropped even more first, did you?

    I bet you f0x viewers don't even know such markets exist

  • It's because his plan will not work.

    You cannot make enough in taxes to pay for everything the government wants and has to pay for.

    So no amount of taxes will EVER be enough until the spending is cut, cut, cut to next to nothing.

  • niHil
    Lv 6
    8 years ago

    Because it goes up every time they forget what he is trying to do to us. It climes until Obama reminds them of his job-killing foolishness, and down it goes.

  • No,

    Not true. It drops whenever there is a G0P/Tea Party Republican debate is on the FOX NEWS.

  • 8 years ago

    Because all the investors know he is full of it

  • Anonymous
    8 years ago

    because they know that means obama will take more of their money...

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