Doc 224899

Markets Show Concern Over Government Micro-Managing

Is there anyone left who is bright enough to understand what works and what doesn't work in corporations who is not completely terrified that the Obamanomics approach seems to involve relentless MICROMANAGEMENT BY GOVERNMENT as the the solution to all economic ills?

All this ranting by Obama and his Democrat Possee about CEOs as bad guys, and protesting an internal AIG Human Resources approach to keeping a few remaining good employees from quitting, chills the hearts of investors and prevents any sort of market recovery from forming.

What they've done to the healthcare sector with "Managed Care" (which boils down to limiting reimbursement to cover the bare minimum a patient might get by with, thus ensuring bad outcomes and fee opportunities for litigating attorneys) they're going to turn around and thrust on all sectors. They'll come up with a p.c. term for the approach, maybe "Assured Corporate Profitability" or some such, but it will be micromanagement by goevernment.

There just aren't enough stupid investors with money who will bet their finiancial futures on such rubbish to turn the market around, and we will see a DOW below 5,000 before 2010 because of the chill induced by the general expectation of micromanagement by government.