Day By Day

Tuesday, March 03, 2009

Obama and the Markets

Check out the remarkable set of graphs over at Doug Ross's blog. He shows quite conclusively that as Obama's political fortunes rose markets responded with declines.

His conclusion:

Put simply, the markets have reacted with expected fury to Obama's promises of economic "fairness", "spreading the wealth" and raising taxes on the job creators of society.

This thinly disguised form of class warfare, the policies of which many have termed socialism (fairly or unfairly), has had an indelible impact on the markets.
Indeed it has! Read it here.