Those With Skin In The Game Are Not Impressed

J.J. Jackson | February 26, 2009 

President Barack Obama had a speech crafted for him Tuesday night that he hoped would help easy wary markets. Wednesday morning the markets, those with “skin in the game,” showed they were not impressed sending the DOW and other indexes rocketing lower. Then they tried to recover in what is a vastly oversold market that is only low based on a panic about what Obama has planned.

But as rhetoric about Obama’s plans began leaking out from his staff about his plans for spending hundreds of billions more than he has already approved to meddle with health care and once again raising taxes on the “rich” (by limiting tax deductions for health care expenses) the markets raced lower just before the closing bell realizing there was not much to be positive about.

Can someone please put duct tape over some mouths because every time one of the Obamatons speaks the markets seem to not like what they hear. And while we are at it, maybe tie their hands behind their backs too so they can’t screw around with anything!


Contributor's website: http://www.libertyreborn.com



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