The Dow Jones Average should be coming up with news of Treasury Department's activities to stabilize the market. However, the Dow Jones Industrial Average continues to drop. Is this due to Obama's current lead in the polls? Did we lose $1,000,000,000,000 (i.e., trillion) of the two trillion lost in the New York Stock Exchange because Obama is ahead?
Anonymous
Favorite Answer
Yes.
"Wall St." likes a split government.
They don't like when both houses of congress and the president are of the same party.
Too many silly laws get passed that way.
?
no I dont. Right now, the Dow is at a level it was at in 1988. We're in the midst of a very dark recession and it's going to take a very long time to climb out of it. At the end of his 4 year term, we might see the dow climb over 14000 if Obama can manage to revise his tax and healthcare plans to not screw micro-enterprise.
Rebecca W
The market dropped happened because of mismanagement by the highest money making companies. The bail out came a day late, after the mid-sized banks had already lost their hold, leaving only the top banks to tumble. The market crash was a result of these banks failing. Lowering the prime rate by a half of percent, bailing out a few banks, and causing panic on the world market took a long time coming, so it is going to take a long to come back. The polls have nothing to do with the economic fall.
katrianna6
right and the credit crunch had noting to do with it?
No its not Obama it's because the world economy is well on its way into a recession despite the American govt actions investors are not feeling safe hence a continuing drop in the Dow Jones AND all other stock markets around the world.
BL
I think the Republicans are throwing the race. The economy is so bad, no one can fix it. In 4 years things will probably be worse and people will want another change...In step the Republicans.