The Barack Obama Market (Better?)
Has anyone else noticed a curious correspondence?
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Are we moving in the right direction?
And now this:
Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet — only this time, it’s the taxpayers who are getting screwed..
The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customizable entertainment center, according to Dassault’s sales literature. It can cruise 5,950 miles before refueling and has a top speed of 559 mph.
There are just nine of these top-of-the-line models in the United States, with Dassault’s European factory churning out three to four 7Xs a month
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And worst yet:
More Pain Ahead: About 55,000 in Job Cuts Announced
Caterpillar Chops One-Fifth of Work Force
Sprint Nextel Cuts 13% of Work Force
Home Depot (HD), the nation’s largest home-improvement retailer, said Monday it would cut about 7,000 jobs over the next several months as the company continues to struggle during this housing market downturn.
A Merged Pfizer, Wyeth Will See Job Losses
As part of the merger agreement announced today, Pfizer (PFE: 15.9, 0.25, 1.6%) said its merger between itself and Wyeth (WYE: 44.18, 0.7, 1.61%) would result in approximately 15% of the company’s combined work force. The cuts would equate to losses of about 18,000 employees.
General Motors Cuts More Jobs
Other International Name Slice Positions
ING Groep (ING: 8.14, -0.4, -4.68%), the Dutch insurance and finance giant, said Monday it would 7,000 jobs in 2009. Phillips Electronics said it would cut 6,000 jobs over the next year as well.
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And……
New CBO report echoes earlier analysis: “Stimulus” too sloooow to stimulate
And looks like Obama is backing off on this……
Question of the morning
Are you better off today under the ruler Obama? Spend and tax boy, spend and tax! Sarah Palin looking better?


http://politifact.com/truth-o-meter/personalities/barack-obama/
You must check this link out!!
Are the sharks circling yet? If not, how long until we see a swirl?
I seriously thought that there would be a honeymoon period for the Obama, but, now I am beginning to wonder. I have to wonder if, during his high end education he ever studied Political Economics. If so, he forgot the number one rule; “It’s the economy stupid!”