It's now officially BHO's economy & country

It is now officially BHO's economy and problem! Why? Well, the BHO impact on the market now equals the Bush-43's. Let's go through the numbers...

 

The DOW at its highest point in Oct 2007 was 14152 and was 9512 on Nov. 4 when BHO was elected to the as the 44th POTUS (President of the US). That is a 31% decrease.

 

From the 9512 on Nov. 4 to today's close of 6594 now also equals a 31% decrease the same as the Bush-43's impact.

 

Many who do not understand how the market works will say that its not fair to put the Nov 4 DOW value at BHO's feet, but these people do not understand that the market is a "discounter of the future, not the past."

 

The stock market is looking 3-6 months down the road and so BHO's election on Nov 4 until today was the discounting of the market looking into his administration's actions and policies.

 

So from this point on, BHO has to take complete responsibility for the economy or he can't take kudos for its recovery. You can't have it both ways.

 

So welcome to the BHO/SMDC's economy and country.