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>