stimulus bill

[deviantsaint]

So, the stimulus bill passes, and the stock markets take a shit.

So, my financially savvy friends, whats up with that? Aside from whether the stimulus plan would work or not, why did it's passing have this effect on investor psychology OR, are the markets responding to something else altogether?

Comments

Because ...

[btripp]

I think the markets understand that Obama's so-called "Stimulus" package is nothing but a whole gift list of Leftist goodies that they couldn't get Bush to sign off on over the past 8 years. They're paying back in one fell swoop a whole swath of fringe constituencies and trying to convince the taxpayers that it's to "stimulate the economy". It fits into the Obama/Pelosi/Clinton plan of making things tank so bad that they "have to" institute State Control over damn near everything. Somewhere Joe Stalin is laughing.