Well, Wall Street sees economic disaster under the new president.

One day after rallying as Americans went to the polls, stocks dropped amid more evidence that the economy is stumbling badly.

The Dow Jones Industrial Average, which had surged 305 points on Election Day, fell 486.01 points, or 5.1%, to 9139.27. The loss marked the biggest one-day loss for blue chips since Oct. 22 and lowest close since Oct. 29 after a week of relative optimism. The industrials are down 31% for the year.

HeÂ’s not even been sworn in yet, and heÂ’s already caused serious economic disruption. Just imagine what his policies will do to the economy once he has a chance to implement them.

I guess that after four years of being in the pocket of Freddie and Fannie, I can be sure that the next four years will lead to Barack Obama being remembered as the worst economic president since Hoover.

Posted by: Greg at 10:52 AM | No Comments | Add Comment
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