Tuesday, January 5, 2016
MISMANAGING THE ECONOMY
Republican friends have been quick to cite the mismanagement of the economy, by the Obama Administration, for the steep drop in the Dow, at the 2016 opening session of the New York Stock Exchange. When pointed out, to them that the drop in the Dow was precipitated by a very large drop in Chinese stock prices, in China, they say it is the Chinese economy that Obama has not managed properly. They say that during the Bush Administration, the Chinese economy did very well and their stock prices never experienced the sell offs that have occurred under Obama's watch.