Most investors know the devil is in the details - and the details of Obama's economic plans are anything but reassuring.

The resulting credit crunch is hitting Main Street harder than ever before. The country is headed for recession; the only question is: Just how low can the markets and economy go?

It could be a lot lower - it all depends on the policies of the next president.

And, as it looks increasingly likely that Obama will be that man, the markets are casting a vote of "no confidence."

Gallup Poll Daily tracking conducted Oct. 17-22 finds that among those who have already voted or say they plan to vote before Election Day, 31% support Barack Obama and 29% support John McCain.

Originally posted by ColoradoJens
reply to post by indigothefish

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I beg to differ. Again, your argument is placed as such that the reality I and you are living in RIGHT NOW is Obama's fault? Or even that more so than the actual last 8 years of legislation, his "proposed" ideas are to fault? Intersting premise, but science fiction.

ColoradoJens

Originally posted by ColoradoJens
reply to post by sos37

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What economy? Have you noticed that we are going into a recession? In the last month we had the largest drop in the Stock Market (DOW) EVER in one day and we are hanging now around 8,500.

Here is your point: The failed policies of the Republicans are Great! and had nothing to do with our FAILED ECONOMY. It is the unknown that has not occured yet that is the real problem? An idea is bad? How about acknowledging this is an IDEA - and these people have made PREDICTIONS - I can point you to the current whitehouse with ACTUAL POLICIES that have gotten us to where we are today. You may say, "Thanks for blowing it Obama" in another 8 years - not now.

ColoradoJens

In fact, it was John McCain in May of 2006 who addressed Congress that Freddie and Fannie needed to be reeled back in, but the Democrat-led Congress at that point ignored him.

Originally posted by Grafilthy
reply to post by sos37

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In fact, it was John McCain in May of 2006 who addressed Congress that Freddie and Fannie needed to be reeled back in, but the Democrat-led Congress at that point ignored him.

The 2006 US House election was held on November 7, 2006 to elect members to the United States House of Representatives.

7 month too early. Good try on passing the buck.

The answers:
1. Harry Truman,
2. Bill Clinton,
3. Lyndon Johnson,
4. John F. Kennedy,
5. Johnson,
6. Truman,
7. Truman,
8. Clinton.

In the Economic Sweepstakes, Democratic presidents trounce Republicans eight times out of eight!

If this isn’t enough to destroy the myth that the economy has performed better under Republicans, the stock market has also done better under the Democrats. The Dow Jones Industrial Average during the 20th century has risen 7.3 percent on average per year under Republican presidents. Under Democrats, it rose 10.3 percent – which means investors gained a whopping 41 percent more. And the stock market declined further during George W’s two terms. Moreover, since World War II, Democratic presidents have increased the national debt by an average of 3.7 percent per year and Republican presidents have increased it an average of 10.1 percent. During the same time period, Democratic presidents produced, on average, an unemployment rate of 4.8 percent; Republicans, 6.3 percent. That’s the historical record.

Originally posted by Grafilthy
reply to post by sos37

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Point is...you are using "Democrat led Congress" to pass the blame. They are all at fault. INCLUDING the REPUBLICAN led Congress who was actually in power at the time. Just wanted to point that out.

And the answers to today's episode of: "Are you smarter than a Liberal"...

The answers:
1. Harry Truman,
2. Bill Clinton,
3. Lyndon Johnson,
4. John F. Kennedy,
5. Johnson,
6. Truman,
7. Truman,
8. Clinton.

In the Economic Sweepstakes, Democratic presidents trounce Republicans eight times out of eight!

If this isn’t enough to destroy the myth that the economy has performed better under Republicans, the stock market has also done better under the Democrats. The Dow Jones Industrial Average during the 20th century has risen 7.3 percent on average per year under Republican presidents. Under Democrats, it rose 10.3 percent – which means investors gained a whopping 41 percent more. And the stock market declined further during George W’s two terms. Moreover, since World War II, Democratic presidents have increased the national debt by an average of 3.7 percent per year and Republican presidents have increased it an average of 10.1 percent. During the same time period, Democratic presidents produced, on average, an unemployment rate of 4.8 percent; Republicans, 6.3 percent. That’s the historical record.

Good article on why America trusts Democrats on Economic issues...

Okay, so let's compromise. I'll stop saying "Democrat led Congress" in terms of passing blame to any one party. I do understand the financial turmoil these past eight years has been a combination effort of both parties. So let's not pin the blame on one party in particular.

Even when funding the war in Iraq, Congress passed these measures after making changes. It's comments like that of

The compromise is we agree that this has been a bi-partisan effort in screwing up the economy.