Friday, January 30, 2009

Obama Speaks, Dow Falls


President Obama has been spewing venom towards Wall Street the past few days, and now he is working to cripple business by supporting labor unions. Today he said, "Organized labor is not the problem, it is the solution."

It is the solution to get us moving towards Socialism, not the solution to rehabilitating the economy.

The market reacted. The Dow Jones closed today at about 8,000 points, a strong psychological support. I predict that we are ready for another big slide especially if Obama keeps up his current policies and rhetoric. His legacy may be single-handily destroying a crippled US economy.

R. Scott Roberts : Political Activist

No comments:

Post a Comment