Obama's fault the Dow is dropping? What are the arguments against this?

[Cant trust em]

Obviously there is the fact that these trends began before Obama took office. Just because these things happen at the same time doesn't mean that it was caused by Obama.

I'm more interested in arguments like it's not an accurate barometer of how the stimulus was designed to take effect, or something like that.

[babylonsister]

1. How 'bout Americans not buying it and the talking heads

have to fill airtime?


http://thinkprogress.org/2009/03/04/poll-obama-responsible/

American people don’t blame Obama’s policies for stock market drop.

[billybob537]

12. I believe the correct answer is

BLAH BLAH BLAH:
Your party fucked this up NOW sit down and shut the fuck up While the ADULTS try to fix your fuck up!

[nichomachus]

2. Well, the stimulus hasn't really started yet

Also, the stock market is really not as emotional as people think it is. It used to be, but nowadays most trading is done by computers, which respond to pre-programmed price points. If a certain stock hits a certain point, the computer is designed to buy or sell. The trader's feelings about Obama have little to do with it.

Finally, the Bushites fucked things up so bad, it's going to take a long time to slow it down before you can hope to turn it around.

However, the best answer is: Pfffft!

[marketcrazy1]

6. the simple signing of a series of exutive orders

could mitigate much of this carnage..........

[merh]

16. what executive orders would you suggest be prepared & signed?

Please share with us your insights as to how it is Obama is supposed to save wall street (from itself).

[Wickerman]

8. Yep, don't think those checks have started rolling yet

or if some have they haven't been spread around. Of course, he hasn't been in office two months yet. I know that Bush could fuck things up blindingly fast but it actually takes a few days with overtime to fix shit.

[nichomachus]

9. It's much easier and faster to smash things than to fix them n/t

[babylonsister]

14. Yes it has...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5181756&mesg_id=5181756
Stimulus money hits the streets

And check out the interactive data maps for stimulus job created, foreclosure rates, deficits...

http://money.cnn.com/news/storysupplement/economy/stimulus_jobs/

[nichomachus]

25. Yeah -- but let people get a few paychecks under their belt before we declare success

[fasttense]

3. Well it's up now, is that Obama's fault too? n/t

[drm604]

5. Oh no, not at all.

That's because of Rush! :sarcasm:

[Cant trust em]

7. That's what I'm going to say to my GOP friend tonight

It's up X amount of points. Obama must have had a good day, right? Right?

[Puzzler]

4. A trend?

First off I'd say that it was more than a "trend" before Obama took office. The stock market went into a nosedive last fall. Calling it a "trend" before Obama took office already frames the argument in favor of the GOP.

[safeinOhio]

11. Just remember

within the year the market will be above what it was when he took office. Then we can boast that liberal policies work and "free markets" are dead. Then, once again, let the spin begin.

[Puzzler]

17. We both know that ...

... the RW argument here will only work one way. Obama will get blamed when the market tanks and get no credit when the market rises. We've already seen this with the RW logic that absolves Bush for 911 happening within the 1st year of his presidency. However, they've have already made it very clear that any 911-type "situation" that happens within the first few weeks (days, even) of Obama's presidency will be 100% Obama's fault.

[upi402]

10. reality n/t

[HysteryDiagnosis]

13. If you can't see the obvious reason for what is happening as

of late... let me clue you in, "It's Bill Clinton's fault".

[eleny]

15. Laughter works for me

[aquart]

18. It isn't an accurate barometer of anything but current hysteria.

[serrano2008]

19. Why argue with it when it's ridiculous?

Cerealously, it's not even worth arguing this with someone cause no matter what you say they won't get it.

[HiFructosePronSyrup]

20. What's to explain?

We've known that the economy is going to tank since last October and this would happen no matter who was president. And there is no rational expectation for a turn around for many months from now. And Obama, unlike Republicans, has done everything humanly possible to stimulate a recovery.

Anybody who says it's Obama's fault is lying.

And I recommend spitting in their worthless liar faces.

[MannyGoldstein]

21. The Dow Is Dropping Because People Are Afraid Of Bad Surprises

They are afraid of bad surprises because of the news, over the past few months, that our financial institutions are now bankrupt thanks to their reckless behaviors that were tolerated, even coddled, by Reagan, Bush, Clinton, and Bush. 20 of those 28 years were led by Republicans (that called themselves Republicans).

Obama is just picking up the pieces.

[BuyingThyme]

22. The Dow is dropping because the publicly traded comanies aren't makin' no money.

[kirby]

23. It partly is...

The Dow is dropping due to lack of confidence. Confidence will only restored when the corrupt system has new regulations and several of the CEO responsible for this securities fraud are put under investigation and on public trial.

Also, what what is good for Main St is not necessarily good for Wall Street. If the Dow was 'inflated' due to corruption, greed, a housing bubble, and shady financial instruments, does it make sense for people to wish the Dow returns?

[chrisa]

24. This is all spill-over from Bush's bad decisions.

Don't even debate freepers about what Obama did. He hasn't made an impact yet. This is all the Bush Crew's fault.

Freepers will always try to claim that since Obama took office, everything is on him. A ridiculous statement.