Wednesday, March 4, 2009
Is President Obama to Blame for Our Situation? Two Democrats May Think So
Before President Obama took office, the stock market was at its highest level since last fall. Since taking office, the stock market has dropped to its lowest point since 1997. Coincidentally, the market took a plunge when the President announced his budget for 2009. On Wednesday, two Democratic senators urged the President to veto a proposed $410 billion spending bill. Perhaps these gentleman are aware that a large budget could potentially lead to a plunge in our nation's economy. Many feel that the bill is simply giving the government $410 billion to spend and not much attention has been paid to detail. The two senators would like the President to veto the bill and have it cleaned up. Could the President be worsening our economic situation? That's up for debate.
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