Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Is Obama's lead in the polls depressing the Dow Jones Industrial Average?
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?
13 Answers
- Anonymous1 decade agoFavorite 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.
- 5 years ago
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 WLv 71 decade ago
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.
- 1 decade ago
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.
- How do you think about the answers? You can sign in to vote the answer.
- BLLv 51 decade ago
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.
- 1 decade ago
YES,
The Dow dropped nearly 300 points on the day he clinched the nomination.
Speculators are afraid of his economic plans
- belairjrLv 61 decade ago
quite the contrary. the dow is not really crazy about the Bush/Republican economic policy's anyway. and we all remember how Bill Clinton's democratic victory boosted the market during his presidency.
- JackolanternLv 71 decade ago
I doubt that very seriously. Only the ones who don't like him will say it is and make up other accusations against him as well. The same with Mc Clain. It's called ' mud throwing '. I don't pay any attention to it. If it's not on the 6 o'clock news it's nothing.
- NikkiLv 61 decade ago
I do believe you are on to something..
Let's band together & keep Obama far away from the White House :)
It's our only hope!!
- Anonymous1 decade ago
No, they are depressed when they see 42 percent of americans really are not smart enough to learn by trial and error.