Friday, March 06, 2009

Obama is not E.F. Hutton

He's not the best person to talk about the stock market, and people are noticing.

I realized that in the White House, Obama doesn't deal with what I do: Scared secretaries with tears in their eyes coming in to ask for advice when they see 401-K statements down by 25 percent since Election Day.

....

It suddenly became obvious that the President knows nothing about the markets and so has no awareness of the enormity of the problem.

....

Obama's distance from the concerns of many Americans, his ignorance about markets and his hesitation to see America as a land with a bright future, all has changed his relationship with many millions of people.

Voter's remorse strikes again.

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