"I know it looks bad. The stock market I hear is plummeting, although I don't follow it on a daily basis because it is too reminiscent of political polls and unlike everyone else in America I couldn't give two shits about what's happening in the stock markets. Instead of creating or saving 4 million jobs like I promised we have lost over 1.5 million in the last two months. Our printing presses can't keep up with the demand for new money. I just got done approving more in federal spending than every President before me added together. But I didn't create this mess, I inherited it, so it's not my fault."
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Since President Obama's inauguration the Dow Jones has shed 20%--so despite the often repeated "mess we inherited" rhetoric, President Obama has now created his very own Bear Market Drop by definition.
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"I don't know about you guys, but I gotta get drunk before lunch just to keep myself going..."
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Add another 15.7% on the tanking market since Jan '09 to the end of this graph and you have a picture of how bad it really is.
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How Obama Won
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How America Loses
It's Official: Privatized Gains, Socialized Losses
President Obama and Treasury Secretary Timothy Geithner announce plan to forge alliance with hedge funds and private equity firms to attack the Housing and Credit Crisis.
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