More Bad News For Obama… Cavuto Points Out That Wall Street Was Right About Reagan & Carter Too
Obviously, Wall Street has not been thrilled with Barack Obama’s tax and spend rescue plan. Obama’s budget more than doubles the national debt held by the public, and adds more to the debt than all previous presidents — from George Washington to George W. Bush — combined.
In response to this:
** The stock market had its worst January in 113 years.
** This was followed by the worst February for the stock market since 1933.
** And, the Dow has dropped faster under Obama than any other new president in 90 years.
The record unemployment rate didn’t help things out either.
Neil Cavuto pointed out that the media was big on Carter but Wall Street wasn’t and Wall Street turned out to be right. The media was not big on Reagan but Wall Street was and again Wall Street turned out to be right.
And now, the media is Obama’s lapdog but Wall Street doesn’t like what Obama is showing them:
Actually, this was bad news for all of us, not just Obama.