GOPMOM Note: Obama inauguration = 332 pt. market drop

January 20th, 2009 • Related • Filed Under

From Fox Business:

While Washington ushered in change with the inauguration of Barack Obama as the nation’s 44th president on Tuesday, Wall Street saw more of the same as the Dow plummeted more than 300 points on free-falling banking stocks. 

 

Fox Business

Hmmm, could it have been the line in O’s speech that caused this?  You know the one where he remarks that how the “greed of some”.. blah, blah, blah, has caused all our economic woes.  I know that’s the line that gave me goosebumps.  Just food for thought.

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One Response to “GOPMOM Note: Obama inauguration = 332 pt. market drop”

  1. giginthesky says:
    January 22, 2009 at 5:04 pm

    I’m no economics scholar, so I may be wrong, but isn’t the market based on the consumers’ confidence? If so, what does above quote prove? The general consumer may not have confidence…

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