Well that didn't take long...

[Anewman]

Day that Obama took office Dow Jones closed at 7,949
After one week of Obama in office Dow closed at 8,375

 

[minnie61650]

You can not spend your way out of a recession.

Gee, I heard that same phrase before!

I always thougt a strong economy was dependant on people spending money and buying goods and keeping private business going.


From President Obama's stimulas speech today (I saw it on Fox).

Most of the money we're investing as part of this plan will get out the door immediately and go directly to job creation, generating or saving 3 to 4 million new jobs. And the vast majority of these jobs will be created in the private sector -- because, as these CEOs well know, business, not government, is the engine of growth in this country," he[President Obama] said.

The president also promoted the stimulus proposal earlier Wednesday at a meeting with a smaller group of corporate executives, including the heads of Google, JetBlue, Eastman Kodak, Motorola and Xerox.