Feeds:
Posts
Comments

Posts Tagged ‘Dow’

Today the Dow drop to it’s lowest point since 1997 at 6763 down 299 points in one day.  The Dow Jones Industrial has gone down almost 24% since President Obama was inaugurated. Now I’m not saying it went down because he was inaugurated. It has gone down because of the spending policies of Congress and the Obama administration. And let’s give him the benefit of the doubt and say it’s not because of the wild spending and bailouts. Now is not the time to initiate the largest spending bills, new programs,raise taxes, and totally overhaul the health care system while every single day the economy gets worse. Where will the money come from to implement these programs when we will soon have double digit unemployment? The Obama administration wants to punish Wall Street for it’s greed and misdeeds.  But in doing this they also hurt the average American myself included who either have investments or 401k’s that are tied to the success or failure of Wall Street. This especially hurts those who are retired and had their life savings invested for their future. Many have seen their savings cut in 1/2.  And many who worked very hard and thought they could enjoy their golden years are now forced to go back to work. Notice when you go to the grocery store how many senior citizens are now working as baggers and check out persons.  President Obama was elected to give us change. If he gets his way with all of the new programs and expenditures he wants, the change in the basket on your dresser may be all the change you get.  Tell me what you think.  Thanks for stopping by.  Spiney

Advertisements

Read Full Post »