11/21/2008

Why doesn't Obama offer some encouraging words on the economy or stock market?

The only comments that we hear from Obama's people is to lower expectations, but generally they don't say anything. Nothing about their tax policies, etc.. It is almost as if they want to increase uncertainty and thus help drive down the stock market.

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posted by John Lott at 12:17 PM

6 Comments:

Blogger Richard said...

Mr. Lott,
I have a deep suspicion that with the stock market falling in the neighborhood of -1600 points since election day, it is a subtle statement being made by clear-headed people that perhaps we aren't all caught up in the "Messiah" frenzy.
With that thought in mind, and to answer your question "Why doesn't Obama offer some encouraging words on the economy or stock market?", I doubt that if he's the underlying cause,he wants to be anywhere near any encouraging words....

11/21/2008 12:43 PM  
Blogger juandos said...

I think Richard's take on the stock market is right on the mark...

I mean consider the big picture...

Obama wins, market dives into the basement and then some...

Firearms sales soar to the point that some places are back ordering certain types of pistols and ammunition...

Coincidence?

I think not...

11/21/2008 1:50 PM  
Blogger Martin G. Schalz said...

Methinks that BHO answered your question, Dr. Lott. Albeit in a roundabout fashion...

11/21/2008 7:35 PM  
Blogger The Right Guy said...

Richard:
I would also add that since his change.gov website went over like a draft card at a grateful dead concert, he probably doesn't want to make any more prognostications.

11/21/2008 9:09 PM  
Blogger cmblake6 said...

Because he's a putz and the market knows his entire purpose is their destruction?

11/22/2008 10:43 AM  
Blogger Martin G. Schalz said...

Perhaps BHO and his staff simply wish to place as much blame on the Republicans as possible, and then rush in to claim victory after the coronation, err, I mean inauguration.

Much has been reported about how the Stock Market went up after the selection of Timothy Geithner, and I expect to see more of this.

From a tactical perspective, I must assume that BHO is following the old adage of "It is better to remain silent, and be thought a fool, than to open one's mouth and remove all doubt." I can also see where BHO, by not interfering with the current mess, allows himself a convenient scapegoat to put forth as an excuse. 'After all, it was the Bush Administration that pushed all those bad decisions through before I was inaugurated.' Which of course sets up even more excuses for the future. 'Gee, it's gonna take me a long time to undo all those bad decisions that Bush made.'

Heck, BHO himself won't even have to say that himself. He has lackeys that will do that for him.

11/24/2008 10:40 AM  

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