Friday, February 27, 2009

Obama's Failing Economic Policies Reflected In Falling Stock Market Values On Wall Street

Hope that brings real change is what candidate Barack Obama promised America while on the stump last year. Now that the former Illinois Senator is the 44th President of the United States the market has continued its precipitous dive since the time he overtook John McCain in the race to the White House. Laryn's Link has dubbed him as "The Depression President".
Now CitiGroup's shares are down 35% as of 9:16AM EST despite the Obama administration's plans to buy up 40% of the banking giant's shares. This is a whole lot more change than the American public bargained when they elected the man from Hyde Park.

No comments: