With little good economic news or direction from Washington, the pessimism on Wall Street intensified Monday, sending stocks lower. The market seesawed early in the session as investors were torn between hopes for the financial industry and fears about the broader economy's slide. But stocks turned lower in the afternoon, following a now familiar pattern where short-lived bursts of optimism give way to concerns about the country's economic woes. Financial stocks, however, were the one exception, maintaining their early gains as other industries faltered.
Obama's Contribution:
- Lets see, we have energy policies that increase the cost of energy.
- A lunatic budget not based real economic numbers, that wants to raise taxes on all of us.
- A foreign policy that is pretends nuclear proliferation is a small concern.
- A stimulus bill with little pump priming but a great deal of payoff as well being indifferent to small business.
- Another spending bill larded with pork and ear marks.
- A housing bill that tells rewards the worthless and greedy.
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