Wednesday, March 11, 2009

Obama Recession Daily Update: Majority Of Americans Think We Are Likely To Enter A 1930s-Like Depression

Some economists have sad Obama is making an already bad economy much, much worse.

The Wall Street Journal says Obama's radicalism is killing the stock markets.

Team Obama does not worry about day to day trends in the stock market

Most Americans (53%) now think the United States is at least somewhat likely to enter a 1930’s-like depression within the next few years.

The latest Rasmussen Reports national telephone survey found that 39% think this outcome is unlikely.

Nineteen percent (19%) say a Depression is Very Likely while 7% say it is not at all likely.

The latest results are more pessimistic than those found in early January, when 44% said a 1930’s-like depression was likely in the next few years, and 46% disagreed.

In March 2008, only 38% of adults said the country is likely to slip into a depression, while most (55%) disagreed.

On Oct 9, 2007, the Dow Jones Industrial Average hit its all-time high of 14,164.

On Nov 19, 2007, Barack Obama took the lead in the Democrat primary race for Iowa- the Dow was at 13,176.

On May 9, 2008, Obama took the lead in superdelegates for the Democrat nomination. The Dow was at 12,745.

On Jun 3, 2008, Obama clinched the Democrat nomination for President. The Dow was at 12,603

On Nov 4, 2008, Obama won the election. The Dow was at 9625.

On February 17, Obama signed into law his Trillion-Dollar Turd. The Dow was down to 7552.

As of today, despite yesterday's gains, The Dow is down to 6900.

Stumble Upon Toolbar submit to reddit

No comments:

Post a Comment