I only had the chance to listen to about 15 minutes of talk radio today (two different shows). The hosts of both shows mentioned that the reason the stock market is tanking every single day is simply fear. Fear of what an Obama administration could do to businesses in this country: raise taxes and impose new regulations.
Both hosts pointed out that Obama could easily issue a one paragraph statement to reassure investors in these troubled times that he won't raise taxes on them in the immediate future and the stock market would immediately rise as investors' fears cooled. That's all. It's easy and he would come out looking like a hero. Heck, even I would be happy with him.
Will he do it? Doubtful.
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