GDP Continues to Fall
CBNNews.com - The economy continued to shrink in the first three months of this year.
The gross domestic product fell at an annual rate of 6.1 percent in the first quarter according to the preliminary estimate from the government.
That is nearly as bad as the 6.3 percent decline at the end of last year.
Those are the worst two consecutive quarters since 1947."
The Foundry Blog at The Heritage Foundation made these comments concerning a question they would have liked to ask at Obama's press conference last night in a blog titled Morning Bell: The Question That Didn’t Get Asked. “Mr. President, if your administration is already claiming credit for jobs created in this economy, when can the American people start holding you accountable for all the jobs lost?” Obama caid that his $787 billion stimulus package "has already saved or created over 150,000 jobs." That equals over $5 million dollars a job SAVED OR created so far!!! But the Bureau of Labor and Statistics reported more than 1.2 million jobs lost since Obama took office. Obama always responds that he inherited this mess from 
the Bush administration. The AP fact checks this: "Congress controls the purse strings, not the president, and it was under Democratic control for Obama’s last two years as Illinois senator. Obama supported the emergency bailout package in President George W. Bush’s final months — a package Democratic leaders wanted to make bigger."
Related: No President-elect in the postwar era has been greeted with a more audible hiss from Wall Street.
How did the Dow Jones fair the second day after Obama election?
Dow has dropped over 2000 points since election day....
The Dow Jones fell 4 percent. The worst performance on any Inauguration Day ever...
Dow Jones drops 375 points to 8000.86 since the stimulus bill passed on the 28th.
Dow Jones falls again after Stimulus bill passes in the Senate and new financial plan unvieled...
Market is responding poorly to the actions of Obama and congress after the first week of the signing of the stimulus bill?
It is interesting to note that Big Media has a hard time reporting the above but when it comes to the market responding positively the few times it has which is arguably because of other reasons like banks reporting profits and so forth they report it. See: ABC reports that the market responds positive to Obama's home plan after the Dow has dropped Obama action after Obama action...Pure Bias...
