Quote:
Originally Posted by Azure
Actually, quite a few people in the investment business are saying the lack of direction and poor decision making is a big reason the stock market is crashing.
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I think you overestimate Obama's impact on the economy vs any other person should they have been President during this period. There are plenty of other factors at work. I dislike him in the role of President almost as much as you and for the same reasons, but there's really little the US government can do but keep increasing the money supply until growth occurs again.
There's also the concept of economic lags in which it would be pretty presumptious to be demanding results in March from someone who was sworn in a month and a half ago. A bigger part of what's happening is the fallout process from the crash in September/October as individuals and business' are delevering themselves to adjust to the new paradigm. I see pretty much nothing anyone can do to stop this and recovery to happen on it's own terms regardless of how much money gets pissed away in the mean time.