A Democrat who was a trader doesn’t seem to want to believe all the horrible things he is now seeing in President Obama’s “radical” economic policy, but he is seeing them anyway:

Hey, Obama! The Stock Market Matters! They are not listening. The president is not listening. His advisers are not listening. They are not watching or listening to the stock market. It seems to be meaningless to them…

I have thought that the banks could be dead meat with Tim Geithner at the helm. I have not been recommending the purchase of any bank stocks beyond what you might have. But, I also think that the president’s actions and talk and budget have put a bull’s-eye on EVERYTHING else — the drug stocks, health care, the utilities and construction, the oils and the gases — you are taking on pretty much every sector that matters to this market. We have failed to cordon off the banks from the rest of the market because of Obama’s actions. He has made people scared…

when you have the Dow go below 6000, or even 5000, it will trigger poverty and despair among far more than just the rich…The president needs to forbear with what is now regarded as a radical agenda if we want to stabilize the stock market and therefore people’s life savings…let him see the destruction. Let him know about it. It’s almost if he thinks the stock market must correct to get us where we have to go.

His thoughts on Geithner can now be seem to have apparently contained some grain of truth.

This entry was posted on Monday, March 2nd, 2009 at 11:48 am and is filed under business, Democrats, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.