Dow Jones now below 7000.

[opebo]

I'd say 5000, and all the causation predates Obama.

[opebo]

Certainly this was all inevitable as soon as Reagan was elected, and certainly many Democrats betrayed their constituents (I think that's the only purpose of a faux-left party isn't it?)

However I think it is clear that a majority of americans do pin this plutocratic debacle, like the one before it in the 20's, on the plutocratic party.

[opebo]

So when is this spending bill going to start working?

Only the parts which go directly to poors will have much effect in the next year to 18 months, and I'm afraid those are smallish parts of the bill, aren't they?

[opebo]

the market now realize that Obma is NOT a pragmatist, rather he is an extreme liberal.  He could have very easily put together a stimulus plan that would have gotten 75 votes in the Senate - a majority of both parties.  A stimulus plan that would actually stimulate the economy.  Instead he chose to vastly increase the size of government...STRIKE ONE

then he released his budget:  tax increases, reduced mortgage deductions, and a carbon tax.  All three things are big no-nos during downturns.  The market HATED it....STRIKE TWO

Obama is in danger of becoming irrelevant.

Irrelevant?  He's wrecking our dear capitalism!  That's like saying Godzilla was irrelavant to Tokyo.  <wrings hands>