Obama has got it wrong in the President’s speech. The state of the nation speech has been a stage the Presidents are supposed to be populist and they had even lied outright, Remember George W. Bush.
Obama simply toed the line. Let’s bust his theories one by one:
Theory No 1:
To tell you the fact based on GDP figures
So how can
Theory No 2:
In fact German exports to
Theory No 3:
Man! Please buy Obama a TV with lots of good channels preloaded.
Ever since Obama’s angry speech after Brown’s speech; Indian stock markets has lost 9% of its value. Ever since Obama has spoken and declared “Worst of the storm has passed”, nearly 3% of market capital revived; by day end it should reclaim 6%; by week end it might be even more than 10% as American banks put their money back in so called “Emerging markets”.
Obama wanted to halt the tumbling dominos of major stock markets and by the look of it, he has been successful. So what’s in it for ordinary Americans besides the consolation that trading is still done in USD.