The President won't be able to blame Bush for this one. Its going to be 2008 all over again. The smart money will scram 1st., and the layoffs will follow shorty after.
Ive said it before and I'm saying it again. "Busineses didn't lay off people in the 4th quarter of 08 because they were afraid of George Bush's 7 year old policies" (neeljac).
"Busineses didn't lay off people in the 4th quarter of 08 because they were afraid of George Bush's 7 year old policies."
Unfortunately you display the willful ignorance and magical thinking typical of the modern GOP.
Businesses laid people off because of a bursting housing bubble and a collapsing global financial system. Show me 1 CEO who stated their layoffs in 2008 were due to Obama being elected. One example is all I'm asking.
Lift-tec in Michigan laid of 500 people the day after the election. I don't know the ceo by name off hand. I do know that in Novenber of 08 my state laid off more people than any other month. A smart CEO isn't going to get involved in politics.
Why would they wait till bush was finished to lay people off, if it was bush they were worried about?
Ok we'll give Obama got another free pass in 08. Answer this ?: Who are you going to blame for the coming 012/13 crash! Is it going to be Bush again? or the republicans in congress?
I was thinking about adding @ $20.80 but not with the president in a 8 point lead over Romney. I'll wait till January and pick up shares in the single digits. Its going to be a grreat oppertunity like 09.
By 2014 the Obama policies will run the democrats out of congress again and the 2nd dead cat bounce will spring into action.