As my daughter would say, Mr. Obama is getting his comeuppance. Unfortunately, we are all paying for his ignorance. It's going to get much worse.
‘Obama Bear Market’ Punishes Investors as Dow Slumps
By Eric Martin
March 6 (Bloomberg) -- President Barack Obama now has the distinction of presiding over his own bear market.
The Dow Jones Industrial Average fell 20 percent since Inauguration Day, the fastest drop under a new president in at least 90 years, according to data compiled by Bloomberg. The gauge has lost 53 percent from its October 2007 record of 14,164.53, slipping 4.1 percent to 6,594.44 yesterday.
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