Originally Posted by Jae Onasi
The sell-off started in September, well before Obama got elected--McCain was ahead in the polls at that point. One of the reasons Obama got elected was because the Dow tanked, and people decided that McCain's policies weren't going to work to fix it. The statement that the Dow sell-off began the day Obama got elected is incorrect.
You miss my wording, or I wasn't clear enough. The major stock drops
started when Obama was elected.
Originally Posted by PastramiX
So we should allow the corporations to create thier own standards and regulations, and just stand idly by? Who knows what the corporations could do if they had that amount of unrestricted power; no more unions, 18-hour days, child labor, etc. would all be most likely put into place.
By allowing the economy to "fix itself", i.e., do nothing, it will only send the world into a state of financial ruin. Hoover's inaction during the Great Depression led to farther hardships.
Several investors have said they don't know what the stock market will do if left alone.