Monday, March 09, 2009

Quote of the day: Obama's stock market

From Robert Goodwin of the Daily News:
The President dismisses the growing perception he is adding to the economic pain. Asked about the markets, Obama waved them off as like a "tracking poll in politics" that "bobs up and down day to day."

It was a telling moment, for the markets on his watch have moved almost exclusively down. And the 55 million households that hold mutual funds are watching their savings and retirements vanish in great gobs.

Most are decidedly middle class, making them collateral damage of this war.
The President remains popular. I honestly don't know whether or not that will last. It might, and if it does I think we are in for a very rough ride.


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