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An Ownership Society

‘Obama Bear Market’ Punishes Investors as Dow Slumps

March 6 (Bloomberg) — “President Barack Obama now has the distinction of presiding over his own bear market.

The Dow Jones Industrial Average fell 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years, according to data compiled by Bloomberg. The gauge has lost 53 percent from its October 2007 record of 14,164.53, slipping 4.1 percent to 6,594.44 yesterday.”

Key to a Republican resurgence is making sure that Obama and the Dems own everything that they’ve done. If the media doesn’t hold them accountable, we must. But even the media seems to be coming around.

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03/06/2009 - Posted by | Uncategorized

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