Quote:
Originally Posted by sherm
Actually, like I do with my wife to avoid pregnancy, I "pulled out" the majority of my investments out about 8 months BEFORE Bush left, as I was seeing signs of a plummet. The signs of this freefall were more than apparent BEFORE Obama becoming president was even close to being a lock.
This is a case of a something being beat to death by one, buried by another, and everybody is blaming the undertaker. Seriously... Obama isn't sitting there making all of these decisions, just like Bush didn't make them all. There is a process to push things through, and last I checked, it takes some external votes to put these things into action.
Now isnt the time to bitch and moan. Now is the time to put aside every dime you can, make smart decisions with your finances and do your best to ride this out. It takes a lot more than 1 month to crash an economy. 
|
Exactly, the winds for this perfect storm have been brewing for a very long time. The recession started way before he was even the frontrunner which still wasn't even clear until months later.