02-21-2009, 12:07 AM
Silencio wrote:
The market is shorting the depressing unemployment figures. Christ. As if one or two days of stock market returns prove ANY long term trend. People are being deliberately dense to feebly attempt to prove a partisan point.
Then again, the naysayers here were all in favor of the Fox-Guarding-The-Chicken-Coop mentality of the previous administration's advisors. Energy policy by Enron and Halliburton! Face it, your ideas are literally bankrupt and the American people voted for a different approach where academia and other voices will be considered alongside that of the CEO class.
How about looking at what the market has done since October when Obama took the lead in the election. Four months is looking pretty trendy to me.
CEO class? Investment Bankers, lawyers, CEOs, academics and politicians got us into this mess. The CEO of Catapiller is about the only _businessman_ on that list that deals with union issues, health insurance and other employee compensation issues, capital improvements, expansion, hiring and firing, and all the other stuff that goes with actually running a business. Hands on. Pragmatic. Realistic. Day-to-day operations.