Via Powerline comes this quote from Investors Business Daily that explains why the stock markets have been jittery and why economic recovery is fragile at best:
knowledge about the economy, business, job creation, investment, or anything else that happens in the private-sector. Obama himself is clueless about these things, living his whole life in a bubble of government, school, community organizing, and a brief stint in elected office, and he has chosen to surround himself by equally clueless individuals. Don't take my word for it- here is the graph:
Right now, the market seems to be saying: "It's the policies, stupid." Specifically, the socialistic policies that the Obama administration keeps pushing at Americans who know that's not the way this great country was built. It isn't just the efforts to socialize medicine or nationalize the car industry or control banks or punish both consumers and industry for climate variations that have little to do with it either. It's every initiative that comes out of this White House.It is not shocking that the Obama administration has blasted the economy. Via IBD, we can see that Obama's administration has the least amount of experience, information, and
knowledge about the economy, business, job creation, investment, or anything else that happens in the private-sector. Obama himself is clueless about these things, living his whole life in a bubble of government, school, community organizing, and a brief stint in elected office, and he has chosen to surround himself by equally clueless individuals. Don't take my word for it- here is the graph: 
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