Has anyone else noticed that the bigger the lead Barack Obama takes in polls the more the stock market drops?Investors have lost $2.5 trillion so far during the month of October. The same 10-day period corresponds with a widening lead for Obama over John McCain in most election polls.
It appears that Wall Street is signaling that an Obama presidency would spell disaster for the U.S. economy.
If you think things are bad now, wait until Obama imposes higher taxes, more government regulation, forced government-run health-care and restricts trade.
Does an Obama presidency remind anyone of the Jimmy Carter years? Double-digit inflation, interest rates at 20 percent and a malaise that hung over the U.S. economy for years.
This is what Obama is offering and investors are reacting by pulling out of the stock market in anticipation of an Obama presidency.
Check out this post at PAWaterCooler, "100 Economists Sign Letter Opposing Barack Obama’s Economic Policies"
