lewisabroad

Will Obama's Economic Policies Drag the U.S. Down?

Linking market performance on election day to what the "market" thinks of policies is a laughable analysis.
If markets are forward thinking (I believe they are mostly driven by irrational behavior), then analysts would have looked at the Iowa Elections Futures market and priced in the winner (Obama) a while ago.
Markets are mainly looking at the unemployment bogeyman and running scared. That factor alone will do more to damage any company's forward looking earnings more than polcy changes like reinstating old tax rules form he '90s or a stimulus package.
This guy is a political hack (and an idiot) - this problem goes way deeper than Rep/Dem conflicts. Everyone in gov't could be blamed, Bush for spending us into a hole, Dems for loosening restrictions on home lending.