Tag: economics

Note: Before you read this, I want you to know that I did not vote for Obama or Romney. This is not a partisan message, only observations about what has happened and speculation about what might happen in the months ahead. The day after Obama was reelected, the stock market fell 313 points. The second day after, the market fell 121 points. That’s a 434-point drop in two-days’ time. And it reflects the market’s anticipation that things are going to get worse during Obama’s second term. During a president’s second term, he can pursue whatever policies he wants because he no longer fears losing reelection. So during Obama’s second term, we ought to expect…